Human relations have an important role in solving various problems related to the human factor in the organization. The importance of a good Scheme Secretary The role of a good Scheme Secretary is often undervalued and considered as little more than a minute taker or PA. The secretary has to file all the relevant documents of the meeting in order to keep them safe. The job profile of the company secretary and his value needs to be raised among the board members. Overall, the U.N. Secretary-General is someone who is supposed to symbolize humanitarian ideals of equality and hold an interest for obtaining peace among nations. board and the executives and coordinates the actions of the executives according to the directions given by the Board. Furthermore, the qualifications specified by the Companies (Secretary’s Qualifications) Rules 1975 for the appointment of a CS[2]. This is because he is a person of importance and carries out duties of an expert in the corporate governance region along with sharing the responsibilities of the directors and performing advisory functions for the smooth functioning of a company. However this role should not be confused with the role of an executive secretary, who differs from a personal assistant. Secretary-General Vows to Help Strengthen Epidemic Preparedness after COVID-19, Stressing Importance of Science in First International Day Message He collects, surveys, interprets and assimilates information related to various aspects and departments of an organisation and thus can aid and assist the top management to establish a strong and uniform structure. The corporate collapses of the late 1990s and early 2000s resulted in an increased shareholder focus on corporate governance and transparency. [4]Clause 47, Listing Agreement of Stock Exchanges. The importance of a company secretary can be many such as the different responsibilities of a company secretary that are carried out by them accordingly on time. Required fields are marked *. Addressing ambassadors from the rostrum, Secretary-General António Guterres underlined the enduring power of that founding document and the importance of multilateralism. Importance of Company Secretary. Sometimes a non-pensions company employee is appointed, with insufficient knowledge or capacity to … The importance of costing to the management of an organization is that it helps a company incur a cost with the expectation of profit. To carry out a wide variety of tasks on which the success of a company is dependent it is important that a Company Secretary is an organised, disciplined, highly qualified, knowledgeable and an expert in the concerned business for the upliftment of the company, to increase the profits of its investors, benefit the shareholders and a leader in the industry. He is the chief administrative officer and carries all administrative jobs of a company and reports to the board of directors. Under the guidance of his prominent leadership a company abides by the provisions set out in the Indian Companies Act, 2013. The Scheme Secretary is akin to the role of Company Secretary and, just as a Company Secretary supports the Company Board, the Scheme Secretary assists the Trustee Board in fulfilling its legal, compliance and governance duties. Roles & Responsibilities of a Company Secretary, Emergence of Company Secretary as a Governance Officer, The recognition of Company Secretary as a Key Managerial Personnel, Duties of a Company Secretary for facilitating a Board Meeting, https://www.boardeffect.com/blog/company-secretary-prepare-board-meeting/. as the ears, eyes, and hands of the company. A Company Secretary is imperative for the growth and development of a company and is the link between inside and outside of the organisation. IMPORTANCE OF A SECRETARY TO THE DEVELOPMENT OF AN INSTITUTION The roman gave a name to the holder of the job secretaries as “keeper of secret” So, a good secretary isn’t doing what they do because it is their job. Importance of company secretary ‘ The position of company secretary is like that of a hub in bicycle wheel. The role of secretary of the employee or the other is usually known by the term "human relations". Therefore not only his presence is required for the board meeting and he is the only outsider there since his decisions are in close proximity to that of the board of directors but the companies are required to appoint a company secretary as a key managerial personnel under section 203 otherwise they have to bear the consequences of the same. There must be proper authority for convening the meeting which is usually the Company Secretary but in his absence any predetermined authority will conduct the meeting. As the importance of effective corporate governance continues to be critical in today’s environment, not least due to the global financial crisis, there has been increased focus on the role of the company secretary in Ireland. A company secretary is an organizer as he registers share allotment, prepares and allocates share certificates, makes all arrangements to prepare various reports like a statutory report, director’s report, and annual report, etc. The role of secretary of the employee or the other is usually known by the term "human relations". He should be associated with various committees such as audit, remuneration and any committee which has the power to take decisions on behalf of the board. 50 lakhs requires the Company Secretary to be the member of the Institute of Company Secretary of India (ICSI). This is because of the following reasons: (1) Life is today a democratic process. 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