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Top honours for TELUS at Corporate Reporting Awards
TORONTO, Nov. 21, 2012, 2012 (Canada NewsWire via COMTEX) --
For the third straight year, TELUS
Corporation captured top honours at the Corporate Reporting Awards,
presented annually by the Canadian Institute of Chartered Accountants
(CICA).
The awards have recognized the best reporting practices in the country for more
than 60 years and honour both Canadian corporations and Crown
organizations. TELUS has now won the top prize five of the past six
years.
"This is a very impressive run for TELUS and it clearly demonstrates the
company's commitment to best practices in corporate reporting," said
Kevin Dancey, FCA, president and CEO of the CICA. "If this were a
professional sport, you would be looking at a dynasty fuelled by
foresight and a dedication to continuous improvement."
TELUS collected two awards and two honourable mentions at the gala event
in Toronto. In addition to the Overall Award of Excellence, the
company captured the Communications and Media industry award along with
Honourable Mentions for Sustainable Development Reporting and Corporate
Governance Disclosure.
"At TELUS, we strive to continually raise the bar in terms of the
quality and value of our stakeholder disclosures and it is gratifying
to be recognized for our efforts by the CICA. We are particularly
honoured to have received the top award for five of the past six years
and it is a testament to the quality and dedication of the external
reporting team at TELUS who produce such a best-in-class product," said
Robert McFarlane, TELUS executive vice-president and CFO. "I also
appreciate the many volunteer judges and supporting organizations that
make this important awards event and feedback program possible. Their
constructive input has been very valuable over the years and encourages
us to continue innovating and enhancing how we communicate each year."
PotashCorp was the only other multiple winner collecting the Mining
category honour and the Award of Excellence for Financial Reporting. In
total, 22 awards and honourable mentions were presented at the event.
"These are the most prestigious and coveted national awards of their
kind in Canada," stressed Shelley Brown, FCA, chair, CICA Board of
Directors. "The competing organizations strive to be the best when it
comes to presenting information in a relevant, understandable and
reliable way. Congratulations to all the winners and participants."
The goal of the awards program, organized by the CICA on behalf of the
CA profession, is to enhance the quality of corporate and financial
reporting in Canada. A publication profiling comments from the judges
about the winning entries is available online (www.cica.ca/cra).
Here is a complete list of the winners:
Industry Sector
Communications & Media TELUS
Life Sciences/Technology Newalta Corporation
Oil & Gas Nexen Inc.
Diversified Industries SNC-Lavalin
Financial Services BMO Financial Group
Mining PotashCorp
Utilities & Pipelines/Real Estate Enbridge Inc.
Consumer Products Canadian Tire Corporation, Limited
Industrials & Energy Enerflex Ltd.
Small Cap/Venture Pure Technologies Ltd.
Special Judging Categories
Award of Excellence for Financial PotashCorp
Reporting:
Honourable Mention: Bombardier Inc.
Award of Excellence for Electronic Talisman Energy
Disclosure:
Honourable Mention: Agnico-Eagle Mines Ltd.
Award of Excellence for Sustainable Suncor Energy
Development Reporting:
Honourable Mention: TELUS
Award of Excellence for Corporate Royal Bank of Canada
Governance Disclosure:
Honourable Mention: TELUS
Overall Award of Excellence: TELUS
Crown Corporations - Large Federal: Export Development Canada
Crown Corporations - Small Federal: Royal Canadian Mint
Crown Corporations - Provincial: Saskatchewan Transportation Company
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 82,000 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).
SOURCE: Canadian Institute of Chartered Accountants
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/November2012/21/c2003.html
SOURCE: Canadian Institute of Chartered Accountants
or to arrange an interview, contact: Tobin Lambie, Manager, Media, CICA (416)
204-3228 tobin.lambie@cica.ca www.cica.ca
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