Owning or operating any type of business can require you to find the best person for the job at all times, while this is especially pertinent whenever you will be seeking out a company secretary for your Australian business. Indeed, beginning the process of exploring the governance of a small or medium-sized Australian business, you will quickly come to understand that three of the main roles and responsibilities of a company secretary involve understanding the issues of regulatory compliance, ensuring strategic coordination and communication of all kinds of information with various stakeholder groups across a number of complicated operational environments. Likewise, this level of insight is essential because your senior managers can strengthen the operating performance of your organisation, especially when you understand how these duties can help to uphold transparency, coherence and confidence throughout your Australian business.
- Oversee regulatory compliance – To start with, one of the main responsibilities that can relate directly to the achievement of your strategic objectives is the Company secretary’s roles & responsibilities in an Australian business, especially when it comes to ensuring complete regulatory compliance across the Australian corporate frameworks that are in place in combination with the evolving legal standards that are in operation in the country. Similarly, your business can benefit from this level of expertise because the company secretary has to interpret the legislative requirements accurately, which can help your organisation to mitigate any risk by ensuring that the statutory filings, disclosure obligations and governance protocols that are required are fulfilled in a timely and accurate way.
- Coordinate governance processes – The next essential responsibility that you should value is any potential company secretary’s ability to coordinate the various governance processes that are in place, which link your board, executives and operational teams together in a coherent and sustainable strategic effort to achieve your business objectives. Similarly, you can gain a significant benefit when this level of coordination is effective, especially because it can ensure that the agendas, minutes, reports and decision-making processes are meticulously prepared across the entire organisation.
- Communication with stakeholders – Finally, the last responsibility that can have a direct impact on your Australian organisation involves the company secretary’s role in facilitating all types of constructive communication with various groups of stakeholders, especially those that could potentially have a significant influence on your commercial trajectory and strategic aspirations in the future. Additionally, it is important to be aware that contemporary evidence, when it comes to stakeholder management, has indicated that businesses that implement transparent communication channels are able to achieve better relationships, meaning your senior managers should work actively with your company secretary in order to encourage the long-term support for your organisational objectives.
- Oversee regulatory compliance
- Coordinate governance processes
- Communication with stakeholders
Therefore, at the end of the day, whenever you come to appreciate the three major responsibilities of a company secretary in Australia, the senior management team will be able to recognise the profound influence that a company secretary has to exert on several factors, including the strength and direction of your Australian business in an increasingly competitive operating environment across the country.
