Focusing on Good Governance

In 2016, we continued to advance our governance practices. Some of these are highlighted below:

Core Values

INTEGRITY

We do the
right thing.

SAFETY, HEALTH
& ENVIRONMENT

We put people and the environment first.

PERFORMANCE

We strive for superior results.

IMPROVEMENT
& INNOVATION

We get better
every day.

GROWTH
& DIVERSITY

We help each employee succeed.

COMMUNICATION
& COLLABORATION

We connect
with others.

Our Core Values are the principles that guide the behavior and actions of our people as we seek to achieve our corporate goals. They articulate the expectation that we will hold ourselves to the highest standards and consider factors beyond financial performance when evaluating our opportunities and success.

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During the year, we updated our Core Values to better reflect our focus in the areas of:

  • Safety, health, environment and security, particularly to proactively encourage healthy lifestyle choices by our employees
  • Innovation, including technology, reliability and productivity
  • Diversity, training and leadership development

Diversity & Inclusion

We believe that diversity brings broader perspectives and experiences that enhance decision-making within the company and contribute to long-term success.

We reframed our Board diversity objectives in 2015 to maintain at least 30 percent representation by women and ensuring that at least half the qualified candidates considered for open Board positions are female. We continued this direction in 2016 and adopted a company-wide Diversity and Inclusion Policy. It includes long-term targets for gender and Aboriginal representation within our workforce.

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Women in Management Positions*

(percentage)
Graph of Women in Management Positions*

Women in Management Positions*

(percentage)
Graph of Women in Management Positions*

Board Evaluation

Beyond internal evaluation processes, which are described in our Management Proxy Circular, the Board commissioned an external evaluation of its practices and performance by a corporate governance expert in 2016. The primary objective of the evaluation was to independently assess current practices and performance to identify areas of strength and opportunities for improvement.

The evaluation – conducted by the National Association of Corporate Directors – reinforced that PotashCorp’s Board continues to perform at a very high level. Detailed findings were discussed with the Board and management late in 2016, and recommendations were subsequently evaluated and implemented by the Board and its committees.

Corporate Governance Practice Score

(out of 100)
Graph of Corporate Governance Practice Score

Corporate Governance Practice Score

(out of 100)
Graph of Corporate Governance Practice Score

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