BRIBERY

SNC-Lavalin Corruption Allegations Abound -- So Why's Canada Promoting the Company Abroad?

The Canadian government is doing what it can to help corruption-plagued SNC-Lavalin get a lucrative contract to build a $163-million hospital complex in the Caribbean country of Trinidad and Tobago. The injudiciousness of the decision by one Canadian federal government agency to arrange an untendered, closed-door deal for SNC-Lavalin while another, the federal police force, investigates the company for wrongdoing seems lost on government officials. Canadians would be right to charge that our government is failing to maintain proper standards in the handling of public projects.

Does Your Audit Committee Need a Reset?

There is a strong bias for audit committees to oversee many risks, not just financial. No regulation mandates this however. Audit committees should not oversee risks that they are not qualified to oversee. Here are a dozen broader questions to determine whether your Audit Committee needs a reset.