Cable / Telecom News

Telus to adopt ‘say on pay’

VANCOUVER – Telus says that it will allow shareholders to have a say on its executive’s pay.The board of directors unanimously approved the adoption of a non-binding advisory vote by shareholders on executive compensation. This vote, to be held at the annual general meetings in May of 2011, will allow shareholders to give direct feedback to the board on the company's approach to executive compensation.The move complements Telus’ ‘pay for performance’ culture. On average, more than 70% of a Telus executive's 2008 compensation was based on corporate and personal performance measured by a set of transparent, publicly-stated objectives, the company