TORONTO — December 5, 2007 — RBC has received the Canadian Institute of Chartered Accountants' 2007 "Award of Excellence for Corporate Reporting in Financial Services."
The CICA Corporate Reporting Awards showcase excellence in corporate reporting by Canadian corporations. RBC ranked highest in average scores among financial services companies for its annual and financial report, electronic disclosure, corporate governance disclosure and sustainable development.
Winning this award underscores RBC's commitment to excellence in financial and corporate disclosure and to the enhancement of best practices in all areas of corporate reporting. RBC's corporate reporting practices have continued to evolve to keep pace with the ever increasing expectations of investors for greater transparency and better information on which to base their investment decisions.