Potash Corp says quit SQM board over handling of allegations

Wed Mar 18, 2015 11:28am EDT
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WINNIPEG, Manitoba, March 18 (Reuters) - Potash Corp of Saskatchewan said on Wednesday that its three representatives quit the board of Chilean fertilizer group SQM due to concerns that SQM was not adequately investigating allegations of wrongdoing or fully cooperating with Chile's public prosecutor.

"It has become clear that given our minority and dissident position on the board, we are unable to ensure either that an appropriate investigation is conducted or that SQM collaborate effectively with the public prosecutor," Potash Corp said in a statement on its website. (Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Jeffrey Benkoe)