Governance

Sylvanvale Foundation through its Board and Executive Management Team have adopted a set of Governance standards consistent with the corporate and business world. These standards reflect the requirements and expectations of regulators, accreditation agencies and members and are under constant review and appraisal. Sylvanvale's Corporate Governance practice follows four main activities:

Direction - formulating the strategic direction for the future of Sylvanvale in the long term. It emphasises the mission - the shared vision of possible futures and desirable directions for the Organisation.

Executive Action - involved in crucial executive decisions - shorter term operational matters such as financial, market management etc whilst keeping an eye on performance throughout the Organisation.

Supervision - monitoring and oversight of management performance.

Accountability - disclosing information and responding to those making legitimate demands for accountability.

Corporate Responsibility

Sylvanvale operates as a Company Limited by Guarantee. The Board operates with a formal Constitution which states its membership, operating procedures and the apportionment of responsibilities between the Board and Management.

In accordance with the Company's Constitution, Directors of the Company and any of its controlled entities hold that position in an honorary capacity and thus receive no remuneration or retirement or superannuation benefits for their services. Each Director will be entitled to reimbursement of Board pre approved expenses.