With her husband Michael Douglas and two children by her side, Catherine Zeta-Jones was formally knighted today in London in honor of her contributions to cinema and charity.

The 41-year-old actress was made a Commander of the British Empire (CBE) at Buckingham Palace in a ceremony presided over by Prince Charles.

"It means a lot to come home with my family and be honored in this way," she said. "As I said to His Royal Highness, to have Michael here with me in much better health than the last time I saw His Royal Highness is a big thing, and then this of course is a huge bonus.

"He's recovering great, the tumor is gone and it's the beginning of another road — but it's all good, a better one."

According to Look to the Stars, Zeta-Jones supports a number of charities, including Cinema for Peace, Broadway Cares, Global Missing Children's Network and the Worldwide Orphans Foundation. She is also a patron of the Children's Hospital for Wales.

Check out video below of Zeta-Jones chatting about her new CBE: