Telus 2005 Annual Report Download - page 54

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page 53
a material effect upon the financial position or operating results of the
Company;
b) annually, management’s relationships and compliance with regulators, and
the accuracy and timeliness of filings with regulatory authorities; and
c) annually, the ethics policy, management’s approach to business ethics and
corporate conduct and the program used by management to monitor
compliance with the policy.
4.8 Risk Management
The Committee will:
a) consider reports on the annual enterprise business risk assessment and
updates thereto;
b) consider reports on the business continuity disaster recovery plan(s) for
the Company;
c) consider reports on the insurance coverage of the Company;
d) consider reports on financial risk management including derivative
exposure and policies;
e) monitor, on behalf of the Board, the Company’s compliance with
environmental legislation and the adequacy of the Company’s
environmental budget expenditures;
f) monitor, on behalf of the Board, the Company’s health and safety policies
and receive and review regular reports concerning the Company’s health
and safety programs, policies and results from the Chief Internal Auditor
and the Chief Compliance Officer;
g) review and recommend to the Board for approval environmental policies
and procedure guidelines and any amendments or changes thereto;
h) report to the Board, and require management to report to the Committee,
on environmental matters each quarter; and
i) review other risk management matters as from time to time the Committee
may consider suitable or the Board may specifically direct.
4.9 Other
The Committee will review:
a) the expenses of the Chair of the Board and CEO and will assess the
Company’s policies and procedures with respect to the Executive
Leadership Team members’ expense accounts and perquisites, including
their use of corporate assets;
b) the proposed disclosure concerning the Committee to be included in the
Company’s Annual Information Form to verify, among other things, that it
is in compliance with applicable securities law requirements;