Telus 2014 Annual Report Download - page 40

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AUDIT COMMITTEE
The Audit Committee of the Company supports the Board in fulfilling its oversight
responsibilities regarding the integrity of our accounting and financial reporting, internal
controls and disclosure controls, legal and regulatory compliance, ethics policy and
timeliness of filings with regulatory authorities, the independence and performance of our
external and internal auditors, the management of our risk, credit worthiness, treasury
plans and financial policy and whistleblower and complaint procedures. A copy of the
Audit Committee’s Terms of Reference is attached as Appendix A to this Annual
Information Form.
The current members of the Audit Committee are Bill MacKinnon (Chair), Ray Chan,
Lisa de Wilde, Rusty Goepel, Mary Jo Haddad, John Lacey and John Manley. Each
member of the Audit Committee is independent and financially literate within the
meaning of Multilateral Instrument 52-110 “Audit Committees” and the Board has
determined that Bill MacKinnon is an audit committee financial expert and has
accounting or related financial management expertise. The following lists the relevant
education and experience of the members of TELUS’ Audit Committee that is relevant to
their role on the committee.
Bill MacKinnon chairs the Audit Committee. He is the former Chief Executive Officer of
KPMG Canada, serving from April 1999 to December 31, 2008. He first joined KPMG
Canada in 1971, serving the company in numerous roles of increasing leadership for 37
years, including his membership on the board of directors of each of KPMG Canada,
KPMG International and KPMG Americas. Mr. MacKinnon obtained a Bachelor of
Commerce with Honours from the University of Manitoba in 1967. He is a Chartered
Professional Accountant and holds his FCPA designation from the Institute of Chartered
Professional Accountants of Ontario.
Lisa de Wilde is Chief Executive Officer of the Ontario Educational Communications
Authority (TVO), a position she has held since 2005. Previously, Lisa was President and
CEO of Astral Television Networks Inc., a partner at Heenan Blaikie and CRTC Legal
Counsel. Lisa has served on public company boards for over 13 years. She holds a
Bachelor of Arts and Bachelor of Laws from McGill University.
Ray Chan is Chairman of Baytex Energy Corp. (formerly Baytex Energy Trust). He was
Chief Financial Officer of Baytex from 1998 to 2003 and Chief Executive Officer until
2008, when he assumed the role of Executive Chair. In 2014, he became Chairman of
Baytex in a non-executive capacity. Mr. Chan obtained a Bachelor of Commerce degree
(with a major in accounting) from the University of Saskatchewan in 1977 and he
became a Chartered Accountant in 1980. Mr. Chan has served as CEO and CFO of
public companies for over 25 years and has served on public company boards, in most
instances chairing the audit committee, for over 15 years.
Rusty Goepel is Senior Vice-President of Raymond James Financial Ltd., an
investment firm, and brings with him many years of valuable experience in financial
markets. He holds a Bachelor of Commerce from the University of British Columbia and
has 45 years of experience in the investment industry.
Mary Jo Haddad was the former President and CEO of The Hospital for Sick Children
(SickKids) in Toronto from 2004 to 2013. Prior to that, she held several leadership