Telus 2010 Annual Report Download - page 34
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30 . TELUS 2010 annual report
Enhancing best-in-class governance
At TELUS, we take a proactive approach to corporate
governance and reporting, often going beyond what is required
and, where optimal, early adopting emerging best practices.
The result has been a series of initiatives across the company
that further the effective management of TELUS and help
increase investor confidence. Some of the new initiatives put
in place in 2010 include:
.Enhancing Board oversight of key enterprise risks and
conducting an explicit and formal review of the implications of
the executive compensation program for executive risk-taking,
as part of TELUS’ robust risk management approach
.Being one of the first Canadian companies to voluntarily adopt
a say-on-pay and shareholder engagement policy, which
provides shareholders with a non-binding vote on executive
compensation, with the first vote to be held this May
.Introducing, as part of our shareholder engagement policy,
a communication tool to increase direct engagement between
the Board and shareholders outside of the annual meetings.
You can contact the Board on shareholder matters by
emailing board@telus.com
.Evolving the format of the annual Board strategic advance
meeting to provide more time for interactive discussions
between the Board and senior management, by adopting
a fireside chat and panel discussion format facilitated
by specific directors.
Having the courage to lead
with voluntary practices
With our proactive approach to corporate governance, our
voluntary practices often surpass what is legally required for
the benefit of our investors. Some of these practices include:
.Having a majority voting policy for the election of directors
.Continuously improving our innovative enterprise risk
governance program by:
.Expanding, for the first time, our internal risk assessment
survey to Board members, who assessed our overall risk
approach as being leading-edge based on their experience
.Assessing perceptions of risk resiliency, appetite and
tolerance, including risk management integration in key
decision processes
.Having the Audit Committee approve the 2011 Internal
Audit program
TELUS’ commitment to best practices in corporate governance and full
and fair financial disclosure is integral to what we do. We continue to
pursue greater transparency and seek innovative ideas for improvement
to help us remain a governance leader.
corporate governance
COMMITTED TO INTEGRITY