A company secretary is an essential person in a company who is responsible for the effective administration of a company and ensuring effective implementation of the decisions made by the board of directors of the company. A company secretary also known as corporate secretary has nothing to do with secretarial work but it is a senior position in a private or public company, and therefore in most cases, you will find a senior board member has been appointed as the company secretary.

Duties of Company Secretary

• It is the duty of the company secretary to act as a link between the board of directors and investors who would like to invest in the company.
• Record keeping of legal work: the CS has to keep all the information regarding shares, members, directors, and investors as well.
• Planning of the company meetings: All the meetings that should be held should be arranged by the CS that includes the shareholders' meetings and the board of management meetings.
• Keeping of the company records: It is the duty of the CS to keep the company records even when not needed by the law, some of such records include the PAYE records, tax records, VAT records, and insurance details.

Cost of Hiring Company Secretary

Who Is Eligible to Be A Company Secretary?

• A company secretary should be a citizen of where the company is situated. Foreigners are not much preferred.
• You should appoint a trustworthy person as a company secretary, someone who you can entrust your company.
• A company secretary for a public company should have more qualifications than a private company secretary. Some of the qualifications considered are the experience, legal knowledge, among others.
• Consider academic qualification when appointing a company secretary. You should appoint someone who has precise requirements and also poses excellent communication skills. The educational qualification should relate to the company business to be more relevant.