Whilst there are many similarities between the roles of a director and a company secretary, fundamental differences exist in their responsibilities and liabilities. A director is ultimately responsible for the management of a company and is legally accountable for everything that it does, whereas a company secretary is appointed to assist the director(s) in their duties and advise on matters of corporate compliance.
Appointing a company secretary is valuable for reducing the administrative burden placed on directors. However, even when you appoint a secretary, directors remain ultimately responsible for ensuring all delegated administrative functions are carried out properly and within necessary timeframes.
