Telus 2011 Annual Report Download - page 34
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30 . TELUS 2011 ANNUAL REPORT
growingcommitment
CORPORATE GOVERNANCE
At TELUS, we have a strong commitment to excellence in corporate governance and full and
fair disclosure. In our effort to remain a governance leader, we continually strive for high standards
and pursue new approaches that ensure greater transparency and integrity in what we do.
Passion for good governance
Each year, we implement enhancements that help us achieve
good governance and increase investor confidence. Some of the
new practices we adopted in 2011 include:
.Voluntarily holding our first annual say-on-pay vote on
executive compensation, which received 80 per cent approval
from shareholders
.Balancing key risk oversight responsibilities between the full
Board and the various Board committees, and implementing
enhanced key risk quarterly reporting by risk owners
.Strengthening our fraud risk assessment efforts with the
establishment of a Fraud Governance Committee to provide
oversight for external and internal fraud issues
.Voluntarily adopting a tax conduct and risk management policy
to enhance the management and mitigation of potential risks.
In keeping with our commitment to best-in-class corporate
governance, we take a proactive approach and often go beyond
what is legally required. Some of our voluntary practices include:
.Having a majority voting policy for the election of directors
.Continuing to enhance shareholder engagement and
communication with board@telus.com, which enables you
to contact the Board directly on shareholder matters