Key Policies on Social Issues

PotashCorp's approach to community and broader social issues is shaped by two considerations. The Code stresses that the company will operate under the very highest standards of business conduct and must adhere to clear policies and practices against bribery and corruption, monopoly practices and undue political influence. PotashCorp believes companies have a role in their communities beyond maintaining the quality of their products and the price of their stock. Therefore, one measure of the company's success is the economic activity it generates in the communities where it operates.

Specific policy commitments include:

Competition and Pricing: The Code states that PotashCorp will always compete vigorously and independently in conducting its business. At all times it must maintain independence of judgment and action in producing, pricing and selling its products. It must never contravene antitrust or competition laws in any of the jurisdictions where it does business.

Bribery and Corruption: The Code makes it clear that PotashCorp will never offer, pay, solicit or accept bribes in any form, directly or indirectly. Employees must reject any demand for or offer of any kind of bribe, and report it immediately to management. The Code also provides guidance on giving or accepting gifts and entertainment. It stresses that business partners may not act on the company's behalf to contravene these commitments.

During the past year, the company provided training in business ethics, the U.S. Foreign Corrupt Practices Act, potential whistleblower claims and record retention policies.

Public Policy Involvement: Given its significant role in the business of modern agriculture, it is important for PotashCorp to participate in business discussions and public policy debates. The company supports membership in organizations that aim to maintain a sound business environment, such as trade associations. Through active trade association memberships, public affairs activities and political lobbying, PotashCorp takes a leadership role in many of these discussions.

Communities: The Code commits the company to support the communities where its employees live, and to work through local programs and initiatives that help generate local economic activity.