SNC-Lavalin CEO wants Ottawa to adopt corporate corruption settlement deals

SNC-Lavalin CEO wants Ottawa to adopt corporate corruption settlement deals

Main pic:  Neil Bruce, chief executive of SNC-Lavalin, speaks to the Foreign Relations Council, Tuesday, November 10, 2015 in Montreal.THE CANADIAN PRESS/Ryan Remiorz. 

MONTREAL — SNC-Lavalin’s CEO says he wants the new federal government to adopt corporate corruption settlement deals like the United States and United Kingdom have so that Canadian companies implicated in wrongdoing can quickly resolve matters and remain competitive.

In his first speech since taking control of Canada’s largest engineering company last month, Neil Bruce says federal corruption charges laid against a few of SNC-Lavalin’s legal entities unfairly point the finger at 40,000 employees who did nothing wrong.

Bruce says instead, Canada should allow corporate settlements outside the court system so that his company and other Canadian businesses are not at a disadvantage when competing against rival firms in other G7 countries.

He says SNC-Lavalin has improved its ethics and compliance programs since it and two subsidiaries were each charged with fraud and corruption over its dealing in Libya.

The company has said it will plead not guilty to the charges but is willing to pay a fine for the alleged transgressions of former employees.

The case will be back in court on Feb. 26.

The Canadian Press

Categories: Business

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