TELUS captures top honours at Corporate Reporting Awards

TORONTO, November 29, 2011 – For the second straight year, TELUS Corporation captured top honours at the Corporate Reporting Awards, presented annually by the Chartered Accountants of Canada. 

For sixty years, the awards have showcased the best reporting models in the country.  The program reflects the CA profession’s dedication to enhancing the quality of financial reporting in Canada.

“TELUS continues to impress year after year with its commitment to best practices in corporate reporting,” said Kevin Dancey, FCA, president and CEO, Canadian Institute of Chartered Accountants (CICA).  “Four of the past five years, TELUS has won the Overall Award of Excellence.  Congratulations to TELUS and all of the winners.”

TELUS collected two other honours at the gala event in Toronto capturing the Communications and Media category award along with receiving an Honourable Mention for Sustainable Development Reporting.

“The TELUS team strives to improve the quality and value of our stakeholder disclosures each year and we are honoured to be recognized for excellence in corporate reporting by the CICA since 1995 and to receive its top award for the past two years,” said Robert McFarlane, TELUS Executive Vice-President and Chief Financial Officer.  “This remarkable track record is the result of our team’s efforts to focus on continuous improvement, innovative new approaches and apply best practices in corporate governance and sustainability in our day-to-day operations.  In addition, let me thank the many volunteers and supporting organizations that commit their time to judge and provide constructive feedback to the many participating companies.”

This year’s theme for the awards was “Be the Best.”

“The awards program encourages participants to look for new ways to strengthen their relationships with stakeholders,” said Dancey.  “The valuable feedback from the judges helps participants build on that advice and provide their stakeholders with useful, relevant and reliable information.”

Suncor Energy Inc., PotashCorp and BMO Financial Group were other big winners in 2011 with recognition coming in both the industry sector and special judging categories.  In total, 21 awards and honourable mentions were presented to private and public enterprises.

Winning companies and Crown corporations are profiled in the Book of Judges’ Comments for the 2011 Corporate Reporting Awards.  The book is free and available by telephone at (416) 204-3435 or online (www.cica.ca/cra).

Here is the complete list of winners:

Industry Sector

Communications & Media                                             TELUS Corporation

Forest Products                                                           Catalyst Paper Corporation

Life Sciences & Technology                                          Newalta Corporation

Oil & Gas                                                                      Suncor Energy Inc.

Diversified Industries                                                   SNC-Lavalin Group Inc.

Financial Services                                                        BMO Financial Group

Mining                                                                          PotashCorp

Utilities & Pipelines/Real Estate                                   Enbridge Inc.

Consumer Products                                                     Tim Hortons Inc.

 

Special judging categories

 

Financial Reporting – Award of Excellence                                          PotashCorp

Financial Reporting – Honourable Mention                                          BMO Financial Group

Electronic Disclosure – Award of Excellence                                        Agnico-Eagle Mines Limited

Electronic Disclosure – Honourable Mention                                       PotashCorp

Sustainable Development Reporting – Award of Excellence                Suncor Energy Inc.

Sustainable Development Reporting – Honourable Mention                TELUS Corporation

Corporate Governance Disclosure – Award of Excellence                   TD Bank Financial Group

Corporate Governance Disclosure – Honourable Mention                   Nexen Inc.

Overall Award of Excellence                                                                TELUS Corporation

Crown Corporations - Large Federal                   Canada Mortgage and Housing Corporation

Crown Corporations - Small Federal                    Defence Construction Canada

Crown Corporations – Provincial                         Saskatchewan Telecommunications Holding Corporation

 

Chartered Accountants (CAs) are Canada's most valued, internationally recognized profession of leaders in senior management, advisory, financial, tax and assurance roles. Through their integrity, expertise, and internationally recognized qualification standards, Canada's 78,000 CAs sustain their influence and leadership position both in Canada and globally.  As trusted business advisors to Canadian organizations of all sizes, Canada’s CAs foster confidence in Canadian business and contribute to the health and sustainability of Canada’s capital markets and economy.  The Canadian Institute of Chartered Accountants (CICA) represents Canada’s CA profession both nationally and internationally.  The CICA is a founding member of the International Federation of Accountants (IFAC) and the Global Accounting Alliance (GAA).

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For more information or to arrange an interview, contact: 
Tobin Lambie, Manager, Media 
CICA 
(416) 204-3228
tobin.lambie@cica.ca
www.cica.ca