Core Values and Code of Conduct

WHAT CONDUCT IS EXPECTED?

1. Complying With the Law
2. Putting the Company First – Corporate Versus Private Interests
3. Maintaining Accurate Books and Records
4. Protecting Information and Assets
5. Dealing With People and Organizations
6. Committing to Safety, Health and the Environment
7. Complying With Other Rules and Policies
 

We will comply with the law, rules and regulations in the countries and communities in which we operate.

At a minimum, we must comply with all the laws that apply to our business. We also commit to work within the spirit of the law.

Ethical decisions often involve conflicting interests and require the exercise of judgment in order to decide the best choice. In cases of uncertainty, everyone working for PotashCorp is expected to raise the issues within an open environment with their management and colleagues to obtain clarification.

We will always compete vigorously and independently in the conduct of our business.

At all times we must maintain independence of judgment and action in the producing, pricing and selling of our products. We must never act in contravention of antitrust or competition laws in any of the jurisdictions in which we do business.

We will never offer, pay, solicit or accept bribes in any form, either directly or indirectly.

Any demand for or offer of a bribe in whatever form to any PotashCorp employee must be rejected and reported immediately to management.

We will never use company information that is not available to the public to make stock trades.

We will not trade in PotashCorp securities, or in any securities of another company, while we are in possession of material information which is not generally available to the public. We also will not pass this information on to others. The value of the securities being traded has no bearing on whether or not the trade is prohibited.

We will not choose business partners to do things on our behalf that contravene these commitments.

We will not employ agents to carry out actions that conflict with these commitments. In joint operations, we will apply these commitments where we are operators; where we are not, we will seek to influence our partners such that the joint operation adopts similar commitments.

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