Governance and Stakeholder Relations

Governance deals with the roles and relationships among management, boards, shareholders and other stakeholders, and rests on transparency and accountability.

Good governance creates value for a company over the long term and thereby affects its shareholders, its employees, its customers and contractors, and the communities in which it operates. A successful business with good governance responds to the interests of these stakeholders. If governance fails, the repercussions will be widespread.

Good governance contributes to a company's sustainability, requiring clear definition of the roles and responsibilities of its board of directors and management and its relationships with stakeholders.

PotashCorp is recognized for its leadership in governance and is committed to remaining a leader. Its governance practices, management systems and efforts to engage stakeholders are designed to embed sustainability within the company.

Awards in 2006

PotashCorp received both national and international awards for its governance and reporting in 2006. These included awards for the quality and transparency of disclosure in its reporting and for its governance practices.