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ISBN: 9781998365531

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Inside SNC-Lavalin

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The SNC-Lavalin affair dominated Canadian headlines in 2019, pushing Prime Minister Justin Trudeau’s government to the brink and casting one of the nation’s largest and most successful companies as a villain looking to escape the consequences of its actions. Former company director and chairman, Larry Stevenson, challenges the narratives surrounding the scandal and reveals a far more complex story. This riveting insider account examines how the small group of executives who betrayed the company were brought to justice, and how corporate leaders fought to save SNC-Lavalin from financial ruin and foreign takeover. With disarming frankness, Stevenson delves into the flawed handling of corporate crime by Canadian prosecutors, global double standards around corruption, and the systemic issues that left the company vulnerable in an unprecedented political power struggle in Ottawa. This is a candid, gripping exploration of corruption, accountability, and the tension between justice and survival in the modern business world.

Contributors

Larry Stevenson

Larry Stevenson attended the Royal Military College and served as a Captain in the Canadian Airborne Regiment, serving two peacekeeping tours in Cyprus. He is the Managing Director of Clearspring Capital Partners and the founder and former CEO of Chapters. He is the author of Cyprus: An Ancient People, A Troubled History, and One Last Chance for Peace. He currently lives in Toronto.

Chapter Contributors Pages Year Price
In this introduction, Stevenson examines the bribery charges tied to Libyan contracts and the political fallout when Justice minister Jody Wilson-Raybould refused a remediation agreement.
6 $0.60
In this chapter, Stevenson examines the November 2011 arrest of Cynthia Vanier in Mexico, where she faced charges of plotting to smuggle Saadi Gaddafi, son of Libya’s deposed dictator, into …
6 $0.60
In this chapter, Stevenson examines the history of SNC-Lavalin, following the company’s 1991 merger, its growth under leaders Guy Saint-Pierre and Jacques Lamarre through 2009, and the …
11 $1.10
In this chapter, Stevenson traces how the 1988 Lockerbie bombing and Gaddafi’s subsequent rehabilitation shaped his ties to Libya and to SNC-Lavalin.
11 $1.10
In this chapter, Stevenson examines the turbulent leadership transition at theSNC-Lavalin in 2012.
7 $0.70
In this chapter, Stevenson traces Robert Card’s 2012 restructuring of SNC-Lavalin following a wave of bribery scandals, from a Montreal hospital bribe to a World Bank dispute over …
10 $1.00
In this chapter, Stevenson traces SNC-Lavalin’s failed effort to negotiate a plea deal with the Canadian government following the World Bank corruption scandal.
10 $1.00
In this chapter, Stevenson traces SNC-Lavalin’s response to corruption charges filed in 2015, following Larry Thomson’s appointment as chairman and the CEO transition from Bob Card to …
10 $1.00
In this chapter, Stevenson traces SNC-Lavalin’s redemption from 2016 to 2018, following its scandal-driven collapse.
9 $0.90
In this chapter, Stevenson examines the September 2018 denial of a deferred prosecution agreement to SNC-Lavalin by director of public prosecutions Kathleen Roussel.
11 $1.10
In this chapter, Stevenson traces the political crisis surrounding SNC-Lavalin and Jody Wilson-Raybould, Canada’s first Indigenous justice minister, appointed in 2015 under Prime Minister …
11 $1.10
In this chapter, Stevenson examines a recurring pattern of corporate misconduct, from the Boeing 737 Max crashes of 2019 to the 2008 financial crisis.
12 $1.20
In this chapter, Stevenson examines the 2019 resolution of the SNC-Lavalin fraud case, tracing the individual consequences for executives like Riadh Ben Aissa and Sami Bebawi while critiquing …
16 $1.60
This epilogue offers a board director’s ten ideas on corporate governance, rooted in the 2011–2012 SNC-Lavalin scandal involving executives Pierre Duhaime, Riadh Ben Aissa, and …
27 $2.70
This appendix chapter explores the strong link between market share and profitability, drawing on research from the PIMS database and Bain & Company, which found that over 80 per cent of …
2 $0.20