Board Responsibility for Sustainability

Board committees are responsible for sustainability issues in their areas of oversight, ensuring that all aspects of sustainability are addressed on an ongoing basis.

• The compensation committee annually reviews the Chief Executive Officer's performance against established goals and objectives, many of which relate to sustainability performance (including improvements in safety, fostering a culture of integrity and social responsibility, and providing leadership for the company with stakeholder groups).
• The audit committee helps the board ensure the integrity of PotashCorp's financial statements and compliance with legal and ethical requirements and oversee major policies on risk assessment and risk management.
• The safety, health and environment (SHE) committee's mandate is to review and, as appropriate, recommend changes to the company's SHE and security policies and monitor compliance with them, as well as applicable legislation and regulations, including potential regulations related to climate change.
• The corporate governance and nominating committee recommends corporate governance principles to the Board of Directors. It reviews sustainability issues not addressed by other committees. These include social issues, such as philanthropy, human rights issues and policies, and certain economic issues involving stakeholder relationships with customers and investors.

Processes for Board Oversight of PotashCorp's Sustainability Performance

At every meeting, or a minimum of eight times per year, the board addresses aspects of sustainability. Some meetings include special sessions to deal with specific topics.