Does your business neglect or embrace the role of the Company Secretary?
Navigating the complexities of company law and governance can be a minefield, especially when scaling or considering investment. Did you know the Company Secretary role, often optional for private companies, is crucial for maintaining legal and corporate integrity? Overlooking their responsibilities can lead to easily avoidable issues down the line, impacting shareholder confidence and even hindering business sale or investment opportunities.
Toby Walker, Associate Solicitor in our Corporate and Commercial department, highlights the key duties of a Company Secretary, from ensuring proper meeting procedures and timely filings with Companies House to maintaining essential statutory records, in his article which has been published in SME Business News, amongst other publications.
“Who is your Company Secretary? It’s a role required by law for PLCs and optional for private companies limited by shares, but the responsibilities if overlooked by directors, create legal and compliance issues. Many of these issues come to light when a business is being prepared for sale or if the owners are seeking investment into the business to help it to grow….”
To read Toby’s full article, visit the link here: Does your business neglect or embrace the role of the Company Secretary? – SME BUSINESS NEWS
Disclaimer: General Information Provided Only
Please note that the contents of this article are intended solely for general information purposes and should not be considered as legal advice. We cannot be held responsible for any loss resulting from actions or inactions taken based on this article.
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