Information Circular - About TELUS

Mr. Entwistle’s total compensation for 2011 increased by
$250,596 or 2.5 per cent over 2010, while Shareholders benefitted
from a 32 per cent total return for the year. The 2.5 per cent
increase in total compensation resulted substantially from the
factors noted above relating to the change in Mr. Entwistle’s
total direct compensation, as well as an increase in pension
value by $573,000 in 2011. Over the period of 12 years, under
the leadership of Mr. Entwistle, TELUS holds the top position
globally on the MSCI World Telecom Index for incumbent
telecommunications companies with a total return of 152 per
cent (including reinvested dividends).
The following graph shows a comparison of Mr. Entwistle’s
total compensation for 2007 through 2011.
CEO COMPENSATION ($)
11
10
09
08
07
base salary
share-based awards (1)
annual cash bonus
all other compensation
46 . TELUS 2012 information circular
6,853,327
6,836,313
8,413,517
options
pension value
10,191,041
9,940,445
(1) Includes the EPSU grant which was awarded in cash from 2007 to 2011.
Further details on the compensation paid to Mr. Entwistle
and our other NEOs are available starting on page 59. Overall,
the NEOs’ total compensation increased 4.7 per cent this
year, well below the total shareholder return of approximately
32 per cent.
Commitment to communication
As part of our commitment to provide you with complete and
relevant information regarding our executive compensation
program, the following pages contain a much more detailed look
at the methodologies we use and the actual pay our executives
receive. We invite you to review the following sections to gain a
greater understanding of our executive compensation program,
and to give direct feedback to your Board at board@telus.com.
Sincerely,
Charlie Baillie
Chair, Human Resources and Compensation Committee,
On behalf of the TELUS Board of Directors