DAILY NEWS Nov 30, 2012 11:51 AM - 1 comment

SNC-Lavalin responds to arrest of former CEO

TEXT SIZE bigger text smaller text
By: On-Site staff
2012-11-30

SNC-Lavalin recently responded to the arrest of its former CEO Pierre Duhaime.

The Montreal-based engineering firm released this statement on Nov. 28 in response to Duhaime’s arrest:

“We have just been informed of the arrest of Pierre Duhaime. We have not been made officially aware of the specifics of any charges that may have been laid against him and are not able to comment further.
As we have stated repeatedly, SNC-Lavalin has and will continue to cooperate fully with all authorities who request our assistance. We have voluntarily turned over information that we have to local and other authorities for them to take any actions that they may consider appropriate.
We are unequivocal that no unethical behavior or illegal acts must ever be tolerated. We believe that anyone found to have committed any wrongdoing should be brought to justice.
The Company remains committed to maintaining ethical standards of business conduct.  We have procedures in place, including a Code of Ethics and Business Conduct, which every employee is obliged to sign and follow. Over the last number of months we have instituted, and continue to institute, measures to reinforce those procedures and strengthen internal controls and processes.”

To read more about Duhaime’s arrest, check out CBC’s recent report by clicking here.

Source: SNC-Lavalin.

Monitor These Topics















Horizontal ruler

Reader Comments

Most recent firstOldest first

Pete South

When will the hot water end for SNC? - my share values have plummeted!

Posted December 11, 2012 02:33 PM


FirstPrevNextLast
Horizontal Ruler

Post A Comment

Disclaimer
Note: By submitting your comments you acknowledge that On-Site Magazine has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.

Your Name (this will appear with your post) *

Email Address (will not be published) *

Comments *



* mandatory fields

Receive FREE eNewsletter
from On-Site Magazine

More Info »