Corporate Governance 

Starlight does not aspire to be the biggest, only the best. Our aim is to help as many seriously ill children as possible, in a personal, principled and meaningful manner.
                                                                                                                     
The Starlight Board and executive team are committed to the highest level of ethics in the management and governance of Starlight, ensuring full transparency and accountability at all times and compliance with Starlight’s Code of Conduct and Values. 

For the financial performance of the Starlight Children's Foundation click here 

The two underlying principles which govern every decision and action are:

• What is best for the children?
• We are only the trustees of the funds donated.

The board shall comprise no fewer than 6 directors and no more than 12 at any one time, the majority of whom must be independent and non-executive directors. The chairman shall be elected by directors and must be an independent, non-executive director. New directors should be nominated and seconded by current board members and then confirmed by the Nominations Committee. Starlight’s Board of Directors supports the ASX Principles of Good Corporate Governance and Best Practice Recommendations.
                                                                                                                      
The board meets bi-monthly, and also conducts an annual general meeting. In accordance with these principles, the board has adopted a formal charter incorporating their responsibilities which include to:

• Approve and review the strategic direction and plans of the organisation;
• Monitor the performance of the CEO and executive team in accordance with the
  strategic business plan and performance goals;
• Review the structure, charter and composition of the Board and Board
  Committees, and review outcomes of Board Committees;
• Identify business risks, and approve controls to manage risks and monitor
  compliance;
• Confirm the appointment of auditors, review the audit process and audit reports
  and approve annual forecasts and budgets;
• Determine and approve the level of authority to be granted to the CEO and
  authorise any further delegation by the CEO;
• Approve major operating and capital expenditure as well as credit facilities where required; and
• Approve and review executive team’s performance targets, remuneration and
  succession plans.
• Starlight’s non-executive directors do not receive any fees. Operational management is the responsibility of Starlight’s CEO, with all powers, discretions and delegations as authorised by the Board.