Telus 2006 Annual Report Download - page 39

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NYSE – Non-Voting
Month High ($) Low ($) Volume
January 41.69 37.04 1,214,900
February 39.21 36.39 1,447,100
March 41.22 38.50 1,577,400
April 41.48 37.96 1,153,300
May 43.58 37.69 1,423,600
June 41.90 38.28 2,267,500
July 42.08 37.87 783,700
August 48.02 41.83 1,143,300
September 57.54 45.08 2,082,300
October 58.00 52.94 1,281,900
November 52.51 47.11 3,124,600
December 48.98 44.26 1,620,200
INTERESTS OF EXPERTS
Deloitte & Touche LLP has audited the Consolidated financial statements of the Company for
the years ended December 31, 2006 and 2005, and that are included in the Company’s Annual
Report filed under National Instrument 51-102 Continuous Disclosure (portions of which are
incorporated by reference into this AIF).
AUDIT COMMITTEE
The Audit Committee of the Company supports the Board in fulfilling its oversight
responsibilities regarding the integrity of the Company’s accounting and financial reporting,
internal controls and disclosure controls, legal and regulatory compliance, ethics policy and
timeliness of filings with regulatory authorities, the independence and performance of the
Company’s external and internal auditors, the management of the Company’s risk, credit
worthiness, treasury plans and financial policy and whistleblower and complaint procedures. A
copy of the Audit Committee’s Terms of Reference is attached as Appendix A to this annual
information form.
The current members of the Audit Committee are Brian F. MacNeill (Chair), A. Charles Baillie,
Micheline Bouchard, Ruston E. T. Goepel and Pierre Y. Ducros. Each member of the Audit
Committee is independent and financially literate within the meaning of Multilateral Instrument
52-110 “Audit Committees” and the Board has determined that Brian MacNeill is an audit
committee financial expert and has accounting or related financial management expertise. The
following lists the relevant education and experience of the members of TELUS’ Audit
Committee that is relevant to his or her role on the committee.
Brian MacNeill chairs the Audit Committee. He holds a Bachelor of Commerce from Montana
State University and has over 35 years of experience in accounting having earned his Certified
Public Accounting designation (California) and his Chartered Accountant designation (Canada).
In 1995, Mr. MacNeill was made a Fellow of the Chartered Accountants of Alberta. Mr. MacNeill
served as Chief Executive Officer of Enbridge Inc. from 1990 until his retirement in 2001. Prior
to that, he served as Chief Operating Officer of Enbridge and held numerous financial positions
with various Canadian companies.
A. Charles Baillie holds an Honours B.A. from Trinity College, University of Toronto and an
M.B.A. from Harvard Business School. Mr. Baillie served as Chairman and Chief Executive
38