Balfour Beatty (LSE:BBY), the international infrastructure group, completed the independent compliance monitorship of its US subsidiary Balfour Beatty Communities required by the US Department of Justice on 6 June.
During the monitorship Communities implemented a broad improvement programme, strengthening leadership and oversight structures, enhancing reporting and accountability, and tightening governance, compliance and operational processes.
The firm described the conclusion as an important milestone and said Communities will continue to embed those improvements as part of its long-term operating model.
Communities remains committed to working closely with the US military service branches to provide safe, reliable and well-maintained housing for service members and their families while maintaining a strong compliance environment and operational framework.
