Telus 2008 Annual Report Download - page 52

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4.6 Credit Worthiness, Treasury Plans and Financial Policy
The Committee will review with management:
a) the Company’s financial policies and compliance with such policies;
b) the credit worthiness of the Company;
c) the liquidity of the Company; and
d) important treasury matters including financing plans.
4.7 Legal/Regulatory Matters and Ethics
The Committee will review:
a) with management, the external auditors and legal counsel, any litigation,
claim or other contingency, including any tax assessment, that could have
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;
52