Telus 2013 Annual Report Download - page 33

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Cease trade orders, bankruptcies, penalties or sanctions
Other than as disclosed below, for the 10 years ended March 12, 2014, we are 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.
 John Lacey was appointed to the board of directors of Stelco Inc. (Stelco) as a
nominee of Tricap Management Limited (Tricap) in March 2006. Stelco had filed for
bankruptcy protection under the Companies’ Creditors Arrangement Act (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.
 John Manley was a director of Nortel Networks Corporation and Nortel Networks
Limited (together, the Nortel Companies) when the Nortel Companies and certain
other Canadian subsidiaries initiated creditor protection proceedings under the
CCAA in Canada on January 14, 2009. Certain U.S. subsidiaries filed voluntary
petitions in the United States under Chapter 11 of the U.S. Bankruptcy Code, and
certain European, Middle Eastern and African subsidiaries made consequential
filings in Europe and the Middle East. These proceedings are ongoing. Mr.
Manley resigned as a director of the Nortel Companies on August 10, 2009.
Other than as disclosed below, for the 10 years ended March 12, 2014, we are 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.
 John Manley was a director of the Nortel Companies when the Ontario Securities
Commission (the OSC) prohibited all trading by directors, officers and certain
current and former employees of the Nortel Companies on May 31, 2004. The
order was issued due to the Nortel Companies having announced the need to
restate certain of their previously reported financial results and the resulting
delays in filing their financial statements in compliance with Ontario securities
laws. The Autorité des marchés financiers (AMF) and the Alberta Securities
Commission (ASC) issued similar orders. The order was revoked by the OSC on
June 21, 2005 and the AMF and ASC orders were revoked shortly thereafter. Mr.
Manley was not subject to the AMF or ASC orders. On March 10, 2006, the