Telus 2015 Annual Report Download - page 37

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TELUS shares held by directors and executive officers
As at March 7, 2016, the directors and executive officers of TELUS, as a group,
beneficially owned, directly or indirectly, or exercised control or direction over 810,108
Common Shares, which represented approximately 0.14% of the outstanding Common
Shares.
Cease trade orders, bankruptcies, penalties or sanctions
Other than as disclosed below, for the 10 years ended March 10, 2016, 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.
 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 10, 2016, 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 Nortel Companies
announced on March 10, 2006, the need to restate certain of their previously
reported financial results and the resulting delay in the filing of certain 2005
financial statements by the required filing dates. The Ontario Securities
Commission (OSC) issued a final management cease trade order on April 10,
2006, prohibiting all of the directors, officers and certain current and former
employees, including Mr. Manley, from trading in securities of the Nortel
Companies until two business days following the receipt by the OSC of all of the
filings the Nortel Companies were required to make under Ontario securities
laws. The British Columbia Securities Commission (BCSC) and the Autorité des