PotashCorp, headquartered in a Saskatoon, SK, Canada, has been recognized as a leader in corporate transparency.
Its 2006 corporate reporting has been given the Award of Excellence in the Mining Category from the Canadian Institute of Chartered Accountants (CICA).
The company also received an Honourable Mention for electronic disclosure, in particular the company’s Web site, and an Honourable Mention for its 2006 Sustainability Report.
"Stakeholders are looking for a company they can trust, to invest in, to partner with or to be employed by, and the role transparency has in building that trust cannot be underestimated," says Wayne Brownlee, executive vice president and chief financial officer at PotashCorp. "Our top-notch corporate reporting program is a tool for improving our performance. In fact, we believe that transparency makes us function more effectively. "
From 2004 to 2006, PotashCorp was named Canada’s top corporate reporter by the accountants’ group. PotashCorp is the only company to receive CICA’s Overall Award of Excellence for Corporate Reporting three years in a row.
The CICA Corporate Reporting Awards are open to the top 50 companies per industry sector listed on the TSX as of March 31, 2007 with a market cap of over $200 million and incorporated in Canada.