The Evolving Role of the Company Secretary in Business
Posted by entrustsg
from the Business category at
15 Sep 2023 04:15:10 am.
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In the past, corporate secretarial services focused narrowly on routine compliance filings, minute taking and basic administrative work. However, the expanding regulatory landscape, increasing governance expectations and technological disruption have transformed the role.
Today, corporate secretarial services encompass a wide span of responsibilities and require a specialized skillset. Key aspects of the evolved role include:
Legal and Regulatory Expertise
With proliferating laws and regulations across sectors, corporate secretarial services demand expert legal and compliance knowledge to guide boards onobligations across company law, securities rules, accounting standards, tax codes and more.
Advisory Capabilities
Beyond filings and compliance, corporate secretarial services now play an important advisory role to boards and leadership teams on matters ranging from governance best practices to succession planning, risk management and shaping corporate culture.
Stakeholder Relationships
Corporate secretarial services serve as the key point of contact and communication channel between companies and their shareholders, regulators, advisors and other stakeholders. Nurturing these relationships has become an important responsibility.
Reputation Guardians
By ensuring transparent disclosures, ethical practices and robust governance, corporate secretarial services help build and safeguard corporate reputation in an increasingly scrutinizing environment.
Investor Relations
With their extensive knowledge of listing rules and disclosure needs, corporate secretarial services guide management on investor communication and engagements to attract investment and build stakeholder trust.
Technology Adoption
From virtual meetings to data security, corporate secretarial services are at the forefront of integrating new technologies and mitigating associated risks to enhance governance processes.
Crisis Management
Corporate secretarial services leverage their experience and oversight of company operations to guide boards on effectively handling crises while protecting stakeholder interest.
The evolved scope requires corporate secretarial services to act as a strategic partner and conscience keeper for companies instead of simply fulfilling a checklist. As governance standards and shareholder activism rise, competent corporate secretarial services Singapore provide immense value.
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