The role of a company secretary
3 company secretary does not merely act as an adviser to the chairman and the board on corporate matters but also plays a key role in the induction of new or inexperienced. Role of company secretary is a vital link between the company and its board of directors, shareholders, government and regulatory authorities ensures that board procedures are both followed and regularly reviewed and provides guidance to chairman and the directors on their responsibilities under various laws.
Private company secretary course overview: the purpose of this seminar is to familiarise participants with the key aspects of the role of a company secretary of a private limited company and, more generally, corporate governance best practice. The role of limited company secretary is essentially an administrative one, but can involve a number of important responsibilities depending on the wishes of the company’s directors. The role of the company secretary overview of presentation 1 statutory and regulatory environment 2 assessing the role of the company secretary in relation to the following:.
The company secretary acts as the chief administrative officer of the company, and shares various responsibilities with the directors under the companies act private companies are no longer obliged to appoint a company secretary, although most companies continue to do so. Role of company secretary company secretary is a key functionary in the corporate pyramid with increasing emphasis on the principles of good governance and on compliances, responsibilities of company secretary have increased manifolds towards safeguarding the interests of all stakeholders.
Having a company secretary as part of legal compliance acra stipulates that every company must appoint a company secretary within 6 months of its incorporation. A company secretary has a vital role in ensuring your company complies with the law while not compulsory, learn more about the benefits of the role here. What is the role and duties of the company paragraph 221 of the king report on g board should be assisted by a competent, suitably qualified and experienced. The secretary’s role in any formal group is to be guardian of the process of meetings they are usually the person who makes the arrangements for the main business.
The role of a company secretary in nigeria feb 04, 2016 articles 1 comment the position of the company secretary is created by the law in sections 293 -298 of companies and allied matters act (cama) 2004, which provides for the appointment and functions of the company secretary. Role of the company secretary the company secretary acts as the chief administrative officer of the company, and shares various responsibilities with the directors under the companies act. Any malaysian resident or a foreigner who is looking for company registration in malaysia has to avail secretarial service to register his or her business in malaysia.
Company secretaries play an essential role within an organisation according to the hong kong company ordinance, any business organisation is required to have at least one company secretary, whether it is a public or privately owned firm. Company(secretary(playsacrucialroleinthegovernanceofthecompany,theboard’s the role of the company secretary author: business governance solutions.
This private company secretary course covers the day to day running of a private limited company and the regulatory aspects of being a director. This article discusses the role of the malta company secretary. All public companies are obliged to have a company secretary in april 2008, as a result of the companies act 2006, the post became optional for private companies unless their articles of association explicitly require them to have one. The company secretary is a professional position appointed by the board in recent years it has become common for the senior financial manager to be an integral part of the management team, often brought in by and used to working closely with the ceo.Get file