TELUS captures top honours at Corporate Reporting Awards

TORONTO, Nov. 29, 2011 /CNW/ - 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     
Financial Reporting - Honourable Mention  
PotashCorp
BMO Financial Group
Electronic Disclosure - Award of Excellence
Electronic Disclosure - Honourable Mention   
Agnico-Eagle Mines Limited
PotashCorp
Sustainable Development Reporting - Award of Excellence   
Sustainable Development Reporting - Honourable Mention 
Suncor Energy Inc.
TELUS Corporation
Corporate Governance Disclosure - Award of Excellence   
Corporate Governance Disclosure - Honourable Mention  
TD Bank Financial Group
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).

SOURCE Canadian Institute of Chartered Accountants

For further information:

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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