PotashCorp wins big in corporate reporting – again

For the second year in a row, PotashCorp took home the Overall Award of Excellence in Corporate Reporting this week. It garnered top scores across the four judging categories: financial reporting, corporate governance disclosure, electronic disclosure and sustainable development reporting. It also won the Award of Excellence in Corporate Reporting for the Mining industry and was the recipient of the overall Award of Excellence for Financial Reporting across all industry sectors. And it received Honourable Mention Awards of Excellence for Corporate Governance Disclosure and Sustainable Development Reporting.

"PotashCorp is pleased that the CICA judges continue to acknowledge our efforts to increase transparency in all areas of corporate reporting," says Bill Doyle, President and CEO, PotashCorp. "We know that improved disclosure and clear information support our strategy by reducing uncertainty and perceived risk. This enhances our reputation with stakeholders, securing our license to operate and providing a platform for growth."

Other winners this year included TELUS Corporation, which won the Award of Excellence in Corporate Reporting in the Communications & Media industry sector and the overall Award of Excellence in Corporate Governance Disclosure. A full listing of winners can be found below. BCE Inc. and MDS Inc. tied for the Award of Excellence in Electronic Disclosure across all industry sectors.

This year's judging groups included the CICA, Toronto CFA Society, Canadian Institute of Investor Relations (CIRI) and the International Institute for Sustainable Development (IISD). Winning companies are profiled in the Corporate Reporting Awards for 2005 Book of Judges’ Comments that is available by telephone at 416-204-3435 or online at www.cica.ca/news/upcomingevents/corporatereportingawards.

Sponsors of the CRAs for 2005 are Toronto Stock Exchange, PricewaterhouseCoopers LLP and Fasken Martineau DuMoulin LLP.

For more on the awards and a full list of winners, visit http://www.camagazine.com/index.cfm/ci_id/24254/la_id/1.htm.