Governance Statement

As a result of Telecom's stock exchange listings in New Zealand, Australia and New York it is subject to the governance requirements in each of these jurisdictions, including:

• The New Zealand Exchange Limited's (NZSX) listing rules and Corporate Governance Best Practice Code
• The New Zealand Securities Commission's report 'Corporate Governance in New Zealand Principles and Guidelines' (Securities Commission Principles and Guidelines)
• The Australian Securities Exchange (ASX) listing rules and ASX Corporate Governance Council Principles and Recommendations (ASX CGC Principles and Recommendations)
• The United States Sarbanes-Oxley Act of 2002 and consequential United States Securities and Exchange Commission (SEC) rules
• The New York Stock Exchange (NYSE) Corporate Governance Rules

This section of Telecom's website is intended to provide an overview of the governance structures and processes which have been implemented to ensure that Telecom meets these governance requirements. A checklist cross-referencing the recommendations of NZX, the ASX CGC Principles and Recommendations, Securities Commission Principles and Guidelines and NYSE Corporate Governance Rules with Telecom's principal governance documents is available in the Corporate Governance Checklist (PDF 224KB).