Corporate Reporting Award entries now being accepted - provincial Crowns included for first time
TORONTO - Entries are now being accepted for an expanded version of the Corporate Reporting Awards, presented annually by the Chartered Accountants of Canada.
The awards have recognized excellence in financial and corporate reporting in Canada for almost 60 years. The program reflects the CA profession's commitment to enhancing the quality of reporting.
"Organizations serious about communicating with investors or stakeholders can benefit by submitting an entry," said Kevin Dancey, FCA, president and CEO, Canadian Institute of Chartered Accountants (CICA). "In addition to showcasing the best reporting models in the country, the program also provides an excellent platform from which to learn. Review of the winning models combined with feedback on its own entry from the judges can help an organization make a strong reporting effort even better."
For the first time ever, provincial Crown corporations can enter the awards. Previously, just corporate Canada and federal Crown corporations participated.
"We are looking forward to having provincial Crown corporations participate," said Dancey. "Many organizations, whether within corporate Canada or a government setting, prepare excellent and easy to understand reports. It is important that these efforts be recognized on behalf of investors or stakeholders."
Judging for federal and provincial Crown corporations will be based on similar criteria used to determine the corporate winners. Judging information and instructions on the simple two-step entry process can be found on-line (www.cica.ca/cra).
Large and small Crown winners will be chosen in both the federal and provincial categories. Several awards also will be handed out recognizing reporting excellence by publicly traded companies in Canada.
Awards of Excellence for various industry sectors will be presented. In addition, separate awards and honourable mentions will be given to companies for financial reporting, corporate governance disclosure, electronic disclosure and sustainable development reporting.
The deadline for entries is Friday, July 9, 2010. This year's awards ceremony will take place on Wednesday, November 24, 2010, in Toronto.