Telus 2012 Annual Report Download - page 41

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e) quarterly reports from the Chief Legal Officer on compliance with laws
and regulations; and
f) quarterly reports from the Chief Compliance Officer on legal and
regulatory compliance activities.
4.8 Risk Management
The Committee will:
a) consider reports on the annual enterprise business risk assessment and
updates thereto;
b) except to the extent that responsibility is reserved to the Board or
delegated to another Board committee, review management’s
implementation of risk policies and procedures, and assess the
appropriateness and comprehensiveness of those policies and
procedures;
c) consider reports on financial risk management including derivative
exposure and policies;
d) consider reports on tax risk management and governance; and
e) review other risk management matters from time to time as the
Committee may consider suitable or the Board may specifically direct.
4.9 Other
The Committee will review:
a) the expenses of the Chair of the Board;
b) the proposed disclosure concerning the Committee to be included in the
Company’s Annual Information Form to verify, among other things, that it
is in compliance with applicable securities law requirements;
c) significant related party transactions and actual and potential conflicts of
interest relating thereto to verify their propriety and that disclosure is
appropriate;
d) the disclosure policy of the Company;
e) and evaluate, at least once annually, the adequacy of these Terms of
Reference and the Committee’s performance, and report its evaluation
and any recommendations for change to the Corporate Governance
Committee.
The Committee will also have such other duties and responsibilities as are
delegated to it and review such other matters as, from time to time, are referred
to it by the Board.
5. AUTHORITY
The Committee, in fulfilling its mandate, will have the authority to:
a) engage and set compensation for independent counsel and other
advisors;