Company Secretary - Director's Most Important Governance Partner
The Vital Role of the Company Secretary: A Director's Most Important Governance Partner In an increasingly complex regulatory environment, the role of a company secretary has evolved from mere administrative support to that of a strategic governance partner. Directors who benefit from highly competent company secretaries gain valuable protection, guidance, and efficiency. This article examines the modern company secretary's role, their legal standing, and why their competence is crucial for effective board performance. Legal Foundation of the Company Secretary Role The position of company secretary is established in corporate law across numerous jurisdictions. In the UK, the Companies Act 2006 requires all public companies to appoint a company secretary, while private companies have the option to do so. In the US, state corporate laws like the Delaware General Corporation Law don't mandate the position, but most corporations appoint one under t...