MONTREAL, May 27, 2013 /CNW Telbec/ - SNC-Lavalin Group Inc. (TSX: SNC) announces it is launching a company-wide Amnesty Program to encourage current employees to report potential corruption and anti-competition matters in which they may have direct or indirect knowledge. The Amnesty Program is intended to assist SNC-Lavalin in its efforts to fully gather and assess the facts associated with corporate ethics matters in order to resolve them.
To be eligible for amnesty, an employee must file a request with SNC-Lavalin's Chief Compliance Officer within the 90-day period between June 3 and August 31, 2013. The Company guarantees that it will not make claims for damages or unilaterally terminate employees who voluntarily, truthfully and fully report violations of its Code of Ethics and Business Conduct during this period. The offer does not extend to executives in the Company's Office of the President or Management Committee groups, or anyone who directly profited from an ethical violation.
To SNC-Lavalin's knowledge, this is the first time that a Canadian company has initiated an amnesty program. Such programs are strongly encouraged by the international ethics community in situations like the one SNC-Lavalin is facing.
"Amnesty programs are known to be highly effective means of getting to the bottom of ethics and compliance issues in large organizations," said Andreas Pohlmann, Chief Compliance Officer, SNC-Lavalin Group Inc. "While the vast majority of SNC-Lavalin's employees will have nothing to report, this offer of amnesty will allow us to uncover and quickly deal with any remaining issues. Our goal is to turn the page on a challenging chapter in the Company's history, so we can focus all of our attention on creating value for our stakeholders."
SNC-Lavalin's commitment to ethical behaviour and the highest standards in governance, compliance and accountability is unwavering. The Company continues to improve and strengthen its processes across the organization and at all levels. More information about how positive change is being implemented at SNC-Lavalin is available at www.snclavalin.com/followus.
SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure, and in the provision of operations and maintenance services. Founded in 1911, SNC-Lavalin has offices across Canada and in over 40 other countries around the world, and is currently working in some 100 countries. http://www.snclavalin.com/
For further information:
Senior Vice-President, Global Corporate
SNC-Lavalin Group Inc.
514-390-8000, ext. 7354
Vice-President, Investor Relations
SNC-Lavalin Group Inc.
514-390-8000, ext. 7553