Setting aside time to find the right candidate is essential, as a company’s directors share joint liability with the co-sec for any breaches of the Companies Act.
Any appointee needs to possess a broad range of skills, such as a good working knowledge of business law, finance and corporate governance, and excellent organisational and communication skills.
A co-sec must be honest and reliable. The company secretary has access to confidential company information which they must keep secure, and they must also be able to deal sensitively with the personal details of individuals.
Whilst as a company officer they have a duty to act in the best interests of the company, the co-sec is also the key point of contact for shareholders. A company secretary is therefore of most value to the company if they can offer independent opinions and views to directors.
If you are considering outsourcing a company secretary, why not talk to Integrity Governance?
