MONTREAL -- SNC-Lavalin's chief compliance officer told a fraud conference Monday that the embattled engineering company is working to correct the problems that have damaged its reputation during the past 18 months.
Andreas Pohlmann says the Montreal-based company is addressing its "compliance crisis" by bringing in a number of changes to help ensure employees have the right "ethical compass."
He says the challenge for SNC (TSX:SNC) is to change the mindset of employees who work in countries where bribes are ingrained in the business process.
Pohlmann, the former head of compliance at Siemens, was hired last spring to reshape SNC's culture.
He says the goal is to ensure the company doesn't break the law when it seeks contracts, even in countries that have come under scrutiny for shady practices.
SNC-Lavalin created Pohlmann's position nearly a year after an internal investigation uncovered $56 million in questionable payments.
The discovery led to the departure of former CEO Pierre Duhaime who was charged, along with former vice-president Riadh Ben Aissa, with fraud over allegations that $22.5 million was used to win the Montreal super-hospital contract.
