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Corporate Reporting Continues to Meet High Standards
One of the best measures of trustworthiness in a business relationship is the extent to which a company is open, honest and transparent in its financial practices and financial reporting.
At PotashCorp, there's no better testimony to the company's commitment to thorough and transparent corporate reporting than the continued recognition the company has received from the Canadian Institute of Chartered Accountants (CICA).
In 2007, PotashCorp received CICA's Award of Excellence in the Mining Category, as well as Honourable Mentions for electronic disclosure and for the PotashCorp 2006 Sustainability Report.
PotashCorp also remains the only company to receive the CICA Overall Award of Excellence for Corporate Reporting for three consecutive years. It was deemed top corporate reporter in Canada in 2004, 2005 and 2006.
"The role that transparency has in building trust cannot be underestimated," said Wayne Brownlee, Executive Vice President and Chief Financial Officer at PotashCorp. "We will continue holding ourselves to the absolute highest standards possible in corporate reporting as recognized by Canada's independent accounting community."
The CICA Corporate Reporting Awards are open to the top 50 companies per industry sector with a market cap over Cdn $200 million, listed on the TSX and incorporated in Canada.
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