TELUS Big Winner at CA's Corporate Reporting Awards

    TORONTO, Dec. 5 /CNW/ - TELUS Corporation captured top honours at the
2007 Corporate Reporting Awards (CRA) presented by Canada's Chartered
Accountants.
    TELUS earned top scores for, financial reporting, electronic disclosure,
corporate governance disclosure and sustainable development reporting to win
the Overall Award of Excellence. TELUS also won separate Awards of Excellence
in the Communications & Media industry sector, sustainable development
reporting, corporate governance disclosure and an Honourable Mention for
Excellence in Financial Reporting.
    The Awards program has recognized excellence in financial and corporate
reporting in Canada for more than fifty years. The Awards are presented
annually by Canada's Chartered Accountants and reflect the CA profession's
commitment to enhancing the quality of financial reporting in Canada. They
showcase best practices in Financial Reporting, Electronic Disclosure,
Corporate Governance Disclosure and Sustainable Development Reporting.
Twenty-one awards were presented this year from among a total of 80
participants.
    "We applaud all of the entrants who participated in these awards. It is
no small task to produce a corporate report that is relevant, clear and
readily understood by users in today's environment of complex rules and
regulations," said Kevin Dancey, FCA, President and CEO of the CICA. "It is
important that we draw attention to and acknowledge excellent examples of
corporate reporting. We all recognize that sound corporate reporting will
enhance the credibility of a company."
    Senior representatives were present at the luncheon today to receive
their awards.
    "At a time when investor expectations around governance and reporting
have never been greater, it is truly an honour to have the CICA present us
with these awards," said Robert McFarlane, TELUS Executive Vice President and
Chief Financial Officer. "At TELUS, we are firmly committed to full and fair
financial disclosure and best practices in corporate governance, so to receive
formal recognition for our team's efforts is truly gratifying."
    New additions to the CICA's Corporate Reporting Awards program this year
are the Awards of Excellence for federal Crown corporations. Formerly
administered by the Auditor General's office, these awards recognize exemplary
achievement in annual reporting among federal Crown corporations. The
expansion of the Awards to include the public sector builds upon the CICA's
mandate to protect the public and increase the efficiency of Canada's capital
markets by developing guidelines that enhance corporate reporting processes.
    This year's winner in the Large Crown Corporation category is the
Business Development Bank of Canada, with Telefilm Canada taking the Small
Crown Corporation honours.
    Other industry winners include Nexen Inc., presented with the TSX Award
of Excellence in Electronic Disclosure and BMO Financial Group, which earned
the Award of Excellence in Financial Reporting. A full list of winners appears
below. This year's judging groups included the CICA, Toronto CFA Society,
Canadian Investor Relations Institute (CIRI), Deloitte, and the International
Institute for Sustainable Development (IISD). This year's sponsors are: CNW
Group, Fasken Martineau DuMoulin LLP, PricewaterhouseCoopers LLP and the TSX.
    Winning companies are profiled in the Corporate Reporting Awards for 2007
Book of Judges' Comments that is available by telephone at 416-204-3435 or
online at http://www.cica.ca/index.cfm/ci_id/131/la_id/1.htm.

    The Canadian Institute of Chartered Accountants (CICA), together with the
CA institutes/ordre, represents approximately 72,000 CAs and 10,000 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).

                   2007 CORPORATE REPORTING AWARDS WINNERS

    BY INDUSTRY SECTOR
    ------------------

    Overall Award of Excellence           TELUS Corporation

    Mining                                PotashCorp

    Oil & Gas                             Suncor Energy Inc.

    Forest Products                       Catalyst Paper Corporation

    Diversified Industries                Alcan Inc.

    Real Estate                           Brookfield Properties Corporation

    Life Sciences                         MDS Inc.

    Technology                            CGI Group Inc.

    Communications & Media                TELUS Corporation

    Industrials & Energy                  SNC-Lavalin Group Inc.

    Consumer Products                     Canadian Tire Corporation, Limited

    Utilities & Pipelines                 TransAlta Corporation

    Financial Services                    Royal Bank of Canada

    Crown Corporations - Large            Business Development Bank of Canada

    Crown Corporations - Small            Telefilm Canada


    BY JUDGING CATEGORY
    -------------------

    Honourable Mention for Excellence     Nexen Inc.
    in Corporate Governance Disclosure

    Award of Excellence in Corporate      TELUS Corporation
    Governance Disclosure

    Honourable Mention for Excellence     PotashCorp TSX
    in Electronic Disclosure

    TSX Award of Excellence in            Nexen Inc.
    Electronic Disclosure

    Honourable Mention for Excellence     TELUS Corporation
    in Financial Reporting

    Award of Excellence in Financial      BMO Financial Group
    Reporting

    Honourable Mentions for Excellence    PotashCorp
    in Sustainable Development Reporting

    Award of Excellence in Sustainable    TELUS Corporation
    Development Reporting

For further information: Tobin Lambie, Manager, Media, (416) 204-3228 or
tobin.lambie@cica.ca