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Company Secretary

Company Secretary

Statucor can assist companies by serving as assistant company secretary or by taking on the full role of company secretary. We perform this service for large private companies, and tailor our services to meet requirements.

Listed companies must have a company secretary. For all other companies this is voluntary, unless required by their MOI.

The company secretary serves as a go-between for executive management and the board, and ensures that good governance is maintained within the company. The company secretary’s duties are listed in the Companies Act 88.2 as follows:

  1. providing the directors of the company collectively and individually with guidance as to their duties, responsibilities and powers;
  2. making the directors aware of any law relevant to or affecting the company;
  3. reporting to the company’s board any failure on the part of the company or a director to comply with the Memorandum of Incorporation or rules of the company or this Act;
  4. ensuring that minutes of all shareholders meetings, board meetings and the meetings of any committees of the directors, or of the company’s audit committee, are properly recorded in accordance with this Act;
  5. certifying in the company’s annual financial statements whether the company has filed required returns and notices in terms of this Act, and whether all such returns and notices appear to be true, correct and up to date;
  6. ensuring that a copy of the company’s annual financial statements is sent, in accordance with this Act, to every person who is entitled to it; and
  7. carrying out the functions of a person designated in terms of section 33(3).