A Company Secretary has nothing to do with regular secretarial work. A company secretary (also known as corporate secretary in certain countries) is a senior position in a private company or public organization, normally in the form of a managerial position or above. The work of a Company Secretary covers a wide variety of functions. In essence a company secretary acts as a vital link between the Company, the Board of Directors, shareholders, governmental and regulatory agencies. They are responsible for the efficient administration of a company, particularly with regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the Board of Directors are implemented.
Who can become a Company Secretary?
In order to become a company secretary, a person has to enroll and sit for examination by professional bodies such as ICSA (The Institute of Chartered Secretaries and Administrators). The organisation is the international qualifying and membership body for the Chartered Secretary profession and the world’s leading authority on governance and compliance.
In most countries, companies are required by law to hire a company secretary to perform cetain statutory duties. As the number of new companies increase, the employment potential in the corporate sector goes up accordingly.
Apart from private sector, openings are also available in government sectors, in bodies like in the Bureau or Registrar responsible for the setup and maintenance of company records. Another career option for graduates of company secretarial courses is to be a college or university lecturer. A career course of Company Secretary is not only prestigious but is also financially rewarding. Given adequate experience, a professional company secretary can work his or her way up to head a company.