Compsec | 2nd November 2021 | Virtual Conference

OVERVIEW

The role of the company secretary in any organisation impacts four main areas – the board, the company itself, shareholders and stakeholders. The core functions of a company secretary are to ensure correct procedures for director and officer appointments and removals, and to ensure proper director and officer induction orientation and specific training requirements. From these two statements we can immediately see how important it is for a company secretary to not only be knowledgeable and experienced in business and the relevant laws, but also to be continually updated to cope with the changes in legislation and regulatory procedures throughout the world. Non-executive directors are not involved in the day-to-day running of a business, therefore need support to carry out their duties. Shareholders of an organisation need information on the financial performance of their company, and shareholder activism and class actions are on the increase. Mergers and acquisitions demand an inordinate amount of time and paper- work during due diligence evaluations. Liaison is required with transfer secretaries, stock exchanges, sponsors, banks, attorneys and other professionals. The company secretary is the “glue” bringing all facets of the leadership of a business together, and is the person within every business who promotes good corporate governance to ensure the long-term sustainability of the organisation.