A company secretary is a senior position in a private sector company or public sector organisation in large american and canadian publicly-listed corporations, a company secretary is typically named a corporate secretary or secretary. The corporate secretary: the governance professional handbook is based on ifc's publication, corporate secretaries toolkit , which provides a portfolio of modules that cover topics of interest and value to those carrying out the role. The board of directors: composition, structure, duties and powers by the above is an attempt to analyse the role of company law as a whole in the regulation of. A company secretary is a person at very high position in a private sector company or public sector organization, normally at a managerial position. A proactive company secretary should always have extra copies of the agenda, board papers and stationery, in the event that any director arrives at the meeting without his pack the end of one meeting signals the preparation for the next.
The position of a company secretary is created by the law creation of law in section 293 -298 of the companies and allied matters, act, 2004 which provides for the appointment and functions of the company secretary, with special reference to public companies. One board role, more than any other, has historically required more duties, and more varied responsibilities, than any other role within corporate governance that is the role of the company secretary—a person whom every board member values board directors know that the go-to person to. The role of a company secretary the role of the company secretary continually evolve and it is crucial that the person given this responsibility is fully aware.
The role and responsibility of the company secretary is outlined in section 88(1) - (2) of the act and can be summarised as follows - noting that this is not an exhaustive list providing the directors of the company collectively and individually with guidance as to their duties, responsibilities and powers. The company secretary is a strategic position of considerable influence at the heart of governance operations within an organisation governance describes the way that an organisation is directed and controlled, which includes a company's strategy and decision making, how it achieves its aims, and ensuring that all activities undertaken comply. The company secretary would normally be responsible for the arrangement of board meetings, including drafting the agenda, circulating supporting papers and notices and producing the minutes of all meetings.
The company secretary is the livewire of the company and should ensure the company is corporate governance compliant in order to foster good relationship amongst the company and regulators, shareholders and stakeholders. Share capital of the company might be necessary to increase and decision is made by the directors of the company and all formalities are done by the company secretary prepare papers to apply of public listing company. The role of the company secretary is much more than just administrative at its best, it delivers strategic leadership, acting as a vital bridge between the executive. The actual role of a secretary has evolved over the years in some businesses it has merged into a personal assistant or administration assistant to a certain degree.
Technology governance: the role of the company secretary nov 14, 2017 csj examines the key emerging technology issues relevant to hong kong businesses and looks at the role of company secretaries in ensuring the effective management of technology risks and opportunities. Characteristics of a good secretary the role of secretary of a management committee can be key to the efficient functioning of the committee, particularly in. 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. Check out our top free essays on expanding role of a company secretary to help you write your own essay. Role of the company secretary compilation of governing body/board papers and to ensure they comply with the required specimen role description for the company.
The importance of the company secretary's role has increased over the years no longer the person who merely keeps the minutes of the board and handles board correspondence, the company secretary role can now include administering the affairs of the company and managing/supporting the business of the board. Read this essay on appointment of company secretary come browse our large digital warehouse of free sample essays (deloitte: the changing role of the company. Directors and company secretaries have responsibilities under the corporations act this includes keeping financial records and maintaining solvency. An unqualified company secretary employed by a small private company is unlikely to be prosecuted unless he or she is knowingly involved in serious wrongdoing in any company, it is the company's directors who have primary legal responsibility.
Duties & responsibilities 1 perform the duties and responsibilities of a company secretary as required by the corporations act (ca), the company's constitution, the australian stock exchange (asx) listing rules - as applicable - and any other relevant legislation or regulation. The company secretary should not be looked at as merely performing administrative secretarial duties it is true that in most cases a company secretary must perform these duties and must ensure that established board procedures are followed, but nowadays the role of company secretary is being increasingly considered as that of a special advisor to the board. Secretary has a an important role and can determine the success of the company's goal or an office the importance of the role of a secretary is certainly in accordance with the position of secretary of each organization or office.
The institute of company secretaries of india awards the certificate of bestowing the designation of company secretary(cs) to a candidate qualifying for the. The corporate secretary plays a leading role in governance as an officer who provides advice and counsel on board responsibilities and logistics, in addition to recording minutes and other documentation that meets legal requirements. The signif icance of the company secretary of the company secretary role is fundamental • for society - that societal expectations can also be important.