The Telstra Board has determined that:

Telstra's corporate objective is to create long-term shareholder value through providing integrated communication, information and entertainment services and customer focused solutions.

The Telstra Board is committed to excellence in corporate governance and the enhancement of its shareholders’ interests. Our main corporate governance and Board practices are described in our Annual Report.

This section provides information on our corporate governance and board practices in the following areas:

• Board of Directors
• Committees of the Board
• Remuneration Framework
• Audit Governance and Financial Reporting
• Risk Oversight and Management
• Telstra Values, Code of Conduct and Company Policies
• Documents and Charters

We regularly review and update our corporate governance practices. The Board evaluates and, where appropriate, implements relevant proposals with the aim of ensuring that we continue to demonstrate our commitment to good corporate governance, having regard to developments in market practice and regulation.

We comply with the ASX Corporate Governance Council's 'Principles of Good Corporate Governance and Best Practice Recommendations' released in March 2003. Following a review of Telstra’s governance framework, in light of the release of the revised ASX Corporate Governance Principles & Recommendations (2nd ed) (Revised Principles & Recommendations), the Telstra Board has made the decision to adopt the Revised Principles & Recommendations for the 2008 financial year, ahead of the time that adoption of those Revised Principles & Recommendations becomes mandatory, as  encouraged by the ASX Corporate Governance Council.

The disclosures made on this website reflect the content of Telstra’s Board and Board Committee Charters that have been updated as a result of the Board’s decision to adopt the Revised Principles & Recommendations in the 2008 financial year.