| Board Governance |
- The Executive Committee / Board (Ex-Co) oversees MILK Fund’s affairs. The key matters for the board include:
- Approving broad policies, determining strategies and programme objectives of MILK Fund
- The Ex-co is accountable for the management of donations received.
- Approving and monitoring annual budgets
- The board meets at least twice a year and other deliberations/decisions are made via electronic methods
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| Ex-Co Composition |
- The Ex-Co comprises of 5 members, all of whom are independent.
- Each member has been appointed on the strength of his/her calibre, experience and potential to contribute.
- A new treasurer is elected after every term of 2 years.
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| Fund-raising |
- The donations received are used in accordance with MILK’s regulations and guidelines, unless stated for specific programmes.
- We believe in keeping fund-raising costs to the minimum so that the donations may go directly to the children and the programmes that support them.
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| Finance & Audit |
- The finance and audit processes are closely monitored by the Ex-Co for adequacy of internal controls.
- Financial statements shall be disclosed to the public and other stakeholders via the Annual Report or the website.
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| Conflict of Interest & Related Party Transactions |
- MILK has a conflict of interest or related party transaction disclosure process.
- The concerned parties should declare and abstain from voting in any decisions involving related parties or potential conflict of interest.
- The Ex-Co must be informed of all related party transactions and disclosure made in the annual report.
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| Disclosure & Transparency |
- Annual Reports are prepared which include up-to-date information on MILK’s programmes, activities and finances.
- Audited Financial Information and the Annual Report are available at MILK’s website for donors and other stakeholders
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| Programme Objectives & Principles |
- Vision: No child capable of developing into a contributing member of society will be marginalised because of disability, illness, poverty or ocial circumstances.
- Mission: MILK reaches out to disadvantaged children and youths who fall through the cracks by focusing on :
- advocacy and
- fund-raising whilst
- working with our VWO partners to implement programmes.
- Principles:
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We believe in working with committed partners to ensure that our programmes are transformational and meet needs that “fall through the cracks”
- We believe that our programmes must be responsive and compassionate
- We believe in good governance guided by transparency and integrity
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