|Advisory Group||The Advisory Group Members who together form a group to assist the Foundation in trying to fulfil its vison, implement its mission and achieve its objectives.|
|Advisory Group Members||Those persons who are members of the Advisory Group appointed pursuant to section 3.|
|Advisory Charter||this Advisory Group charter|
|Board||The board of Directors of the Foundation|
|Directors||The directors of the Foundation|
|Foundation||Watarrka Foundation Limited (ACN159 963 943)|
Background on Foundation
The Foundation was established in 2012 as a not-for profit corporation under the Corporation Act (2001).
In early 2016 following a strategy session the Board confirmed the following as the Foundation’s vison, Mission and Objectives:
To facilitate sustainable, healthy and fulfilled Aboriginal communities in the Watarrka region.
Focussed on young people, we deliver programs that support a sustainable environment, education, healthy lifestyles and independent livelihoods for Aboriginal communities in the Watarrka region.
The Company is governed by its Board. The Board proposes to appoint an Advisory Group. The Board has therefore adapted this Advisory Group Charter to set out the purpose of the Advisory Group, its composition, expected involvement of Advisory Group Members and the relationship between Advisory Group Members and the Board.
Purpose of Advisory Group
The Board acknowledges that it does not possess the gender and ethnic diversity, range of expertise and skills sets to best carry out its vision, mission and objectives. Specialist expertise and skills are required or would be helpful in a range of areas including education, health, aboriginal issues, specific women issues social media, IT, fund raising and project management.The purpose of the Advisory Group is to therefore to:
Composition of Advisory Group
The Board considers it important that there a maximum flexibility with respect to the composition of the Advisory Group.Accordingly, the following is proposed:
Involvement of Advisory Group Members
It is envisaged that Advisory Group Members will be involved with the Foundation on the following basis but having regard to the overriding need for flexibility from all parties’ perspective:
Relationship with Board and Foundation
The Board will have due regard to the views and recommendations of Advisory Group Members.
Without limitation, the Board acknowledges that it does not have the expertise or experience of the Advisory Group member in the specific areas of the Advisory Group Members expertise and in the ordinary course will accept the recommendations of Advisory Ground members subject to financial considerations and it being within prudent corporate governance.From a legal perspective, however, Advisory Group Member will not have: