PotashCorp big winner at Corporate Reporting Awards presented by Canada's CAs

TORONTO, December 8, 2009 – PotashCorp was a multiple winner at the Corporate Reporting Awards presented today in Toronto by the Chartered Accountants of Canada.

PotashCorp captured five awards, including the Overall Award of Excellence.  

The program has recognized excellence in financial and corporate reporting in Canada for more than 50 years.  The awards are presented annually and reflect the CA profession’s commitment to enhancing the quality of financial reporting.

“PotashCorp clearly caught the attention of the judges,” said Kevin Dancey, FCA, President and CEO, Canadian Institute of Chartered Accountants (CICA).  “Congratulations to the company for such a strong showing.”

PotashCorp also won awards for Excellence in Financial Reporting, Excellence in Electronic Disclosure and an Award of Excellence for the mining sector.  In addition, the company collected an Honourable Mention in Sustainable Development Reporting.

“Our focus on all aspects of corporate reporting helps enhance our accountability and further protect the interests of the stakeholders who are essential to our long-term success,” said Denita Stann, Senior Director of Investor Relations, PotashCorp.  “It is always an honour to be recognized by the judges and the Canadian Institute of Chartered Accountants.”

TD Bank Financial Group and Nexen Inc. were the other multiple winners, collecting industry and judging category awards.   In total, 20 awards and honourable mentions were presented.  This also marked the third year that the program featured award categories for large and small federal Crown corporations.

“With today’s challenging economy, clarity in corporate reporting is more important than ever,” said Dancey.  “Corporate Canada is facing extensive scrutiny from investors.  It is important that good examples of corporate reporting be recognized.”

Winning companies and Crown corporations are profiled in the Book of Judges’ Comments for the 2009 Corporate Reporting  Awards.  The book is free and available by telephone at 416-204-3435 or online (www.cica.ca/cra).

A complete list of the winners is provided below.  

The Canadian Institute of Chartered Accountants (CICA), together with the provincial, territorial and Bermuda Institutes/Ordre of Chartered Accountants, represents a membership of approximately 75,000 CAs and 12,000 students in Canada and Bermuda. The CICA conducts research into current business issues and supports the setting of accounting, auditing and assurance standards for business, not-for-profit organizations and government. It issues guidance on control and governance, publishes professional literature, develops continuing education programs and represents the CA profession nationally and internationally.  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

2009 CORPORATE REPORTING AWARDS WINNERS

BY INDUSTRY SECTOR

BY JUDGING CATEGORY

FEDERAL CROWN CORPORATIONS