Telus 2013 Annual Report Download - page 43

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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 with regulators, and the accuracy
and timeliness of filings with regulatory authorities;
c) annually and recommend to the Board for approval, together with the
Human Resources and Compensation Committee, the ethics policy and
material changes thereto;
d) quarterly reports on ethics breaches pertaining to internal controls over
financial reporting, including fraud involving management or other
employees who have a role in the Company’s internal controls over
financial reporting;
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