The Role of a Corporate Secretary
February 18, 2023
The role of a Corporate Secretary is a highly important one for businesses in Singapore. It is essential for them to adhere to the statutory requirements and keep up with the latest laws, regulations, and policies governing corporate governance in the city-state. This is to ensure that the company is in compliance with its constitution and any other governmental requirements in place.
The duties and responsibilities of the corporate secretary can vary from company to company, but all of them are essential to the growth and success of any organisation. They play an integral role in ensuring that any changes to the company’s structure are executed quickly and properly with all legal requirements met.
They are also responsible for ensuring that the business’s financial information is kept up to date. This includes preparing the annual return, filing it with ACRA on time, and maintaining the company’s registers. They must also be knowledgeable in all the different business-related matters that a company may have to deal with.
Besides that, the role of a This Page Corporate Secretary Singapore is to be present at all the board meetings and act as the company’s liaison officer between the shareholders and the board. He or she can record any matters that the shareholders want to discuss and transmit them to the directors.
A good corporate secretary is also able to issue certified copies of the company’s resolutions. This is crucial in establishing the legitimacy of any decision made by the directors.
It is also their responsibility to prepare the company’s AGM minutes and file them with ACRA on time. This is a critical duty as the company’s AGMs are mandatory and have to be recorded in writing and signed by the directors.
To become a company secretary in Singapore, you must be a Singapore resident and have the proper qualifications. In addition, you must have at least five years of experience in the industry.
The role of a corporate secretary is an extremely important one in the city-state and can be an excellent choice for a company looking to expand its operations overseas. They can also provide expert support to a wide range of companies, including startups and small enterprises.
As a company secretary in Singapore, you’ll be responsible for filing all the necessary documents and complying with the statutory requirements set forth by ACRA. This is particularly the case with public companies.
Besides that, the duties and responsibilities of the corporate secretary include preparing the company’s AGM and EGM minutes and maintaining the company’s registers. He or she can also be tasked with drafting any of the company’s legal documents, such as agreements and contracts.
The best corporate secretaries are capable of meeting and exceeding the expectations of their clients, delivering superior customer service to every client they serve. They are able to communicate with their customers in a timely manner, and are familiar with the unique needs of Singapore businesses. Their knowledge of the Singapore business environment helps them understand your company and its goals, enabling them to provide you with accurate and thorough advice and support.