What is a company secretary?
A company secretary is a senior position responsible for ensuring that the company follows all relevant laws and regulations and runs effectively and efficiently. The specific duties of a company secretary vary depending on the company, but generally, they are responsible for the following:
- Maintaining the company’s statutory books and records, such as the register of directors and shareholders and the minutes of meetings.
- Ensuring the company complies with all relevant laws and regulations, including filing annual returns and other documents with the appropriate regulatory authorities.
- Advise the board of directors on their legal duties and responsibilities and the best corporate governance practices.
- Acting as the point of contact for shareholders and other stakeholders and handling queries or complaints.
- Assisting with the organization and management of shareholder meetings and AGMs.
- Providing support to the board of directors, including preparing agendas and papers for meetings and taking minutes.
The company secretary is an important management team member and plays a key role in ensuring that the company runs smoothly and complies with all relevant laws and regulations.
What is a company director?
Directors are members of a company’s board of directors; they are responsible for making strategic decisions and providing oversight for the company. Company directors are elected by the company’s shareholders and are responsible for representing the interests of the shareholders. Directors are also responsible for ensuring the company is run efficiently and effectively and complies with all relevant laws and regulations.
The specific duties of a company director will vary depending on the company, but generally, they include the following:
- Making strategic decisions for the company, such as setting the company’s overall direction and objectives.
- Providing oversight for the company’s operations, including reviewing financial reports and ensuring compliance with all relevant laws and regulations.
- Representing the interests of the shareholders and ensuring that the company is accountable to its shareholders.
- Attending and participating in the board of directors meetings and contributing to developing company policies and procedures.
- Ensure the company has sufficient resources to meet its objectives, including financial resources, personnel, and other assets.
Company directors must act in the company’s and its shareholders’ best interests. This means that they must make decisions that are in the company’s best interests, even if those decisions may not be in their interests.
