MONTREAL, Feb. 5, 2014 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) welcomes today's decision by the Autorité des marchés financiers (AMF) to authorize the Company to contract with public authorities in the province of Quebec. SNC-Lavalin has made tremendous and on-going efforts over the last two years to implement an effective ethics and compliance framework across and at all levels of its operations and management. The rigorous application by the AMF of the Loi sur l'intégrité en matière de contrats publics was one element that encouraged the Company to continue making changes over the last year.
"We have implemented a comprehensive ethics and compliance program, but we are aware that ongoing effort is required, and we are committed to continuous improvement," said Robert G. Card, President and CEO, SNC-Lavalin Group Inc. "SNC-Lavalin's entire management and staff were mobilized and worked exceptionally hard. I believe that with this certification, SNC-Lavalin has taken an important step in its goal to become a standard of excellence in ethics and compliance in its industry. It's the start of a new era for SNC-Lavalin," he added.
With its head office in Montreal and over 6,400 employees in the province of Quebec, SNC-Lavalin is a longstanding engine of the Quebec provincial economy. The decision by the AMF will allow SNC-Lavalin to continue to create quality jobs and outstanding projects that improve quality of life in the province, across Canada and abroad.
This authorization will also have a positive impact on the Company's 18,000 employees in Canada and its additional 16,000 employees worldwide, all of whom are supported by the Company's Canadian operations and supply chain.
SNC-Lavalin also reiterates that it is committed to working with the Government of Quebec to reach a settlement that is comprehensive, final and fair.
SNC-Lavalin's commitment to ethics and the highest standards in governance, compliance and accountability is unwavering. SNC-Lavalin continues to improve and strengthen its processes across the organization. More information about how positive change is being implemented throughout SNC-Lavalin is available at www.snclavalin.com/followus.
SNC-Lavalin is one of the leading engineering and construction groups in the world, and is 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 active in some 100 countries. www.snclavalin.com
For further information:
Public Relations Manager, Global Corporate
SNC-Lavalin Group Inc.
514-393-8000, ext. 54772
Vice-President, Investor Relations
SNC-Lavalin Group Inc.
514-393-8000, ext. 57553