Ethics Quagmire At Canadian Company

A review of recent developments in ethics compliance on the Convercent blog includes an update on the crisis at Canadian engineering and construction firm SNC-Lavalin, which now threatens to draw in Prime Minister Justin Trudeau. Allegations concerning the company’s corrupt practices in Libya date back nearly twenty years. Canada’s ethics watchdog is pressing for an investigation into whether Trudeau pressured his former attorney general to help the company settle charges out of court. A committee formed in the Canadian parliament declined to investigate. SNC-Lavalin’s credit rating has tanked, its credit rating has been cut drastically, its share price has dropped by one-third and its profit outlook is down more than 40 percent. The blog also opines on why three-quarters of corporate board memberships still go to men, and why many companies struggle to define the role of an increasingly common C-suite post, the Chief Data Officer.