6h Company Secretary

Question 1

What is a company Secretary?

Answer 1

The Chief Administrative Officer of the company.

Question 2

What company’s must have a Secretary?

Answer 2

Public companies. Private can choose to but not necessary.

Question 3

How are secretary’s appointed and removed?

Answer 3

By the directors (>50% vote)

Question 4

How must the Secretary be qualified?

Answer 4

One of 3 ways:
1. Professionally (member of ACA etc)
2. Experience (held position of secretary of 3 of the last 5 years)
3. Other means directors deem sufficient

Question 5

What are the duties of a company secretary?

Answer 5

Whatever the board deems suitable.
- File accounts/returns
- Giving notice of meetings
- Keeping minutes of meetings
- Keeping registers up to date

Question 6

What authority does a Secretary have?

Answer 6

Can act as an agent through actual and implied authority for contracts of an administrative nature not commercial.