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Responsibilities, legal obligations, and contribution of a Company Secretary


Here is a snapshot of the responsibilities, legal obligations, and contribution of a Company Secretary in Malaysia:

Responsibilities

  • Attend board meetings and provide administrative support.

  • Ensure the company is in compliance with all relevant laws and regulations.

  • Maintain company records and documentation.

  • Prepare and file statutory returns and reports.

  • Advise the board of directors on corporate governance matters.

  • Consult with shareholders, directors, and other stakeholders.

  • Organize and manage the annual general meeting (AGM)

Legal Obligations

  • The Companies Act 1965

  • The Securities Commission Act 1993

  • The Companies Commission of Malaysia (SSM)

  • Other relevant laws and regulations

Contribution

  • Provides assurance to the board of directors and shareholders that the company is being run in a compliant and efficient manner.

  • Helps to protect the company from legal liability.

  • Provides strategic advice to the board of directors on corporate governance matters.

  • Improves the company's reputation and standing with stakeholders.

A company secretary is an important member of the management team and plays a vital role in the smooth running of a company. They are responsible for ensuring that the company complies with all relevant laws and regulations, and that its operations are conducted in a professional and efficient manner. A company secretary can also provide valuable advice to the board of directors on corporate governance matters and help to protect the company from legal liability.

Here are some of the benefits of having a company secretary:

  • Compliance: A company secretary can help ensure that your company follows all relevant laws and regulations. This can save you time and money and help to protect your company from legal liability.

  • Efficiency: A company secretary can help to improve the efficiency of your company's operations by streamlining processes and procedures. This can free up your time and resources so that you can focus on running your business.

  • Strategic advice: A company secretary can provide valuable strategic advice to your board of directors on corporate governance matters. This can help you to make better decisions for your company and protect your interests in the long term.

  • Reputation: A company secretary can help to improve your company's reputation and standing with stakeholders. This can make it easier for you to attract new customers, partners, and investors.

If you are considering starting a business or expanding your existing business, it is important to consider hiring a company secretary. A company secretary can provide you with peace of mind and help you to achieve your business goals.


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