Telus 2008 Annual Report Download - page 42

Other than as disclosed, for the ten years ended March 10, 2009, TELUS is not aware that
any current director or executive officer of TELUS had been a director or executive officer of
any issuer which, while that person was acting in that capacity, or within a year of that
person ceasing to act in that capacity, became bankrupt or made a proposal under any
legislation relating to bankruptcy or insolvency or was subject to or instituted any
proceedings, arrangement or compromise with creditors or had a receiver, receiver manager
or trustee appointed to hold its assets. In December 1998, John Lacey was asked by a
group of shareholders to lead the Loewen restructuring, as Chairman of the Board, a
position he held at the time of Loewen's filing under Chapter 11 of the U.S. Bankruptcy Code
and the Companies' Creditors Arrangement Act (Canada) (CCAA). In March 2006, Mr.
Lacey was appointed to the board of directors of Stelco Inc. (Stelco) as a nominee of Tricap
Management Limited (Tricap). Stelco filed for bankruptcy protection under the CCAA in
January 2004. Mr. Lacey’s appointment as a director was part of a court supervised
restructuring, from which Stelco emerged on March 31, 2006 and pursuant to which Tricap
had the right to appoint four of Stelco’s nine directors. Charles Baillie was formerly a director
of Dana Corporation, which filed for bankruptcy in March 2006 under Chapter 11 of the U.S.
Bankruptcy Code. He ceased to be director when the company emerged from bankruptcy
on February 1, 2008. Robert G. McFarlane was a director of Ascalade Communications Inc.
(Ascalade) until his resignation in February 2008. In March 2008, Ascalade filed for
bankruptcy protection under the CCAA.
Other than as disclosed, for the ten years ended March 10, 2009, TELUS is not aware
that any current director or executive officer of TELUS had been a director, chief
executive officer or chief financial officer of any issuer which was the subject of a cease
trade or similar order while that person was acting in that capacity, or was subject to
such an order issued after the director or executive officer ceased to be a director, chief
executive officer or chief financial officer and resulted from an event that occurred while
that person was acting in that capacity, or any order which denied such company access
to any exemption under securities legislation for a period of more than 30 consecutive
days. On June 14, 2006, and at the request of Cognos Incorporated (Cognos), the
Ontario Securities Commission (OSC) issued a cease trade order against all directors of
Cognos, including Pierre Ducros, in connection with a delay in filing its annual report with
Canadian regulators. The delay was related to a review by the United States Securities
and Exchange Commission (SEC) of the way Cognos allocated revenue between post-
contract customer support and licence fees. The OSC lifted the cease trade order on
August 3, 2006 after the SEC concluded that it did not object to Cognos’ revenue
recognition policy. Mr. Ducros ceased to be a director of Cognos in February 2008 after
its takeover by IBM.
MARKET FOR SECURITIES
TELUS’ Common Shares and Non-Voting Shares are listed on the Toronto Stock
Exchange (TSX) under “T” and “T.A” respectively and the TELUS Non-Voting Shares
are listed on the New York Stock Exchange under “TU”. Monthly share prices and
volumes for 2008 are listed below:
TSX – Common and Non-Voting Shares
Month Common Shares Non-Voting Shares
High($) Low($) Volume High($) Low($) Volume
January 49.90 41.05 48.49 39.41
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