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Telsus says proxy advisory firm ISS backs its stance in fight with Mason Capital

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A Telus employee speaks to customers at a Telus Mobility sales location in Toronto, May 5, 2011. THE CANADIAN PRESS/Darren Calabrese

VANCOUVER – Telsus Inc. (TSX:T) says leading independent proxy advisory firm Institutional Shareholder Services Inc. is backing management’s proposal to end the company’s dual share structure. Telus quotes ISS as saying that management’s proposal that non-voting shares be exchanged for common shares on a one-for-one basis is a meaningful step forward in the company’s governance regime.

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