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CGI Named Leader in Corporate Reporting
Nov 25, 2010 (02:11 PM EST)
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MONTREAL, Nov. 25 /PRNewswire/ - CGI Group, Inc. (TSX: GIB.A; NYSE: GIB), a leading provider of information technology and business process services, has won today the Award of Excellence for Corporate Reporting in Life Sciences/Technology from the Canadian Institute of Chartered Accountants (CICA).
CGI rated highest in the Life Sciences/Technology sector for its financial reporting, corporate governance disclosure and electronic disclosure.
CGI's governance and disclosure practices are firmly anchored in its culture, with a breadth and scope that extends well beyond the requirements currently reflected in regulatory initiatives. One of the important features that contribute to CGI's uniqueness as a company is that it is built from the ground up on a very sound and solid foundation that emphasizes the importance of good governance and of achieving a fundamental balance between the interests of its shareholders, its clients and its employees (whom CGI calls members).
"While achieving our business objectives is vitally important, the way we do business is equally important. At CGI we have always understood, and valued, the link between sound, ethical business practices and the creation of shareholder value," said Michael E. Roach, President and CEO. "CGI was founded on the principle of seeking the appropriate and fair equilibrium among the interests of our key stakeholders. We are pleased that CICA, a group so dedicated to full, fair, and transparent disclosure, sees CGI as a leader in corporate reporting."
The ranking was judged by CICA, the Canadian Investor Relations Institute (CIRI), the Toronto CFA Society and the International Institute for Sustainable Development (IISD).
SOURCE CGI GROUP INC.