Roles and Responsibilities of a Company Secretary

Posted by Mike Nelson on January 20th, 2021

In a company role of the company, the secretary is very vast and diverse. He or she has to deal with lots of company-related work and beyond that. Some analysts put the role of secretary just below the board of directors. Companies also take the advice of the company secretary in their board of meeting. Professionals from company secretary services Singapore fully understand their roles and responsibilities. Following are some roles:-

1. Audit: - Audit is mainly the work of accounting services provider Singapore but a CS also does the audit of laws and guidelines of the government. Whether all the laws and guidelines are followed in the company is the responsibility of CS.

2. Guide: - In a company, there is always some sort of power tussle between different verticals and seniors officers. CA works as a guide and mentor for all those tussles. There is a very thin line between the area of work for chairman and director. Whenever any dispute arises between chairman and director, a CS works like a guide and decides the correct course of action.

3. Legal adviser: - A CS knows the rules and regulations of the company and the government. Many times some aggrieved stakeholders like customers, vendors, suppliers, employees, etc go to court to lodge complaints against the company. In that case, A CS works like a legal advisor for the executive. CS takes up the issue with himself and suggests the correct course of action. Company secretary services Singapore furnish annual returns and forms as per company law. Whenever any new legal laws are passed by the government, a CS suggests and helps in implementing that law.

4. Coordinator of inter and Intra Company Works: - A company has many stakeholders, some work on the payroll of the company and some do not. Still, there must be coordination between both the arms so that company grows from big to bigger. What will the workers in a factory do, when the supplier is unable to provide the raw material to the factory? There may be some grievances of suppliers and that is why the supplier is not providing the required raw material. Company secretary services Singapore coordinates between all the stakeholders.

5. Record keeper: - accounting services provider Singapore keeps the record of accounting works and a CS keeps legal records. Information related to investors, shares, directors, chairman, etc. is maintained with a CS.

6. Corporate governance and preparing company future strategy: - Any company cannot survive long in case it does not have any sort of internal governance. Human resource is like an asset for a company and corporate governance manage all the affairs related with employees. Besides that, a CS maintains data related to charges, allotments, members, directors, secretaries, debenture holders, indemnities of directors, minutes of meetings and resolutions, etc. These roles come with lots of responsibility and managing day-to-day affairs along with these records is not an easy task. 

7. Other work: - Besides that special work a CS has to perform many days to day work like writing letters and emails about all the happening in his or her area of work to spread awareness among staff. Attending different meetings and convections on behalf of the company.

Conclusions: -So now you have understood the roles, you must have aware that why a CS gets that much respect and payment in our society.