What is it?
Within any organization, a Corporate Secretary’s duties include ensuring the integrity of the governance framework, being responsible for the efficient administration of a company, ensuring compliance with statutory and regulatory requirements and implementing decisions made by the Board of Directors. These tasks often involve or are done primarily by the legal department including the legal ops teams. There are many tools and strategies for creating efficiencies and standardization within the corporate secretary, board and subsidiary management fields.
Why is it important?
Strict record-keeping requirements imposed by acts such as Sarbanes-Oxley and Dodd-Frank and other various country-specific multijurisdictional requirements, mean that corporate governance, compliance, and legal departments are under more pressure to increase efficiency within Corporate Secretariat.
What to look for in Corporate Secretary Solutions?
Privacy and security considerations are of the utmost importance as the corporate secretary function deals with confidential and sensitive information. Look for integrations with other systems already in use by legal, executives and the board.