CoSec - The key to modern governance

Investors, regulators, customers, and employees are demanding greater accountability and transparency from businesses. As a result, corporate governance is now central to reducing risk and promoting growth. Within this framework, the company secretary plays a critical yet often misunderstood role.

Far from being an administrative position, the company secretary, or "CoSec," is pivotal to a company’s success; ensuring legal, regulatory, and compliance obligations are met. Depending on the size of the organisation, this function may be carried out by a dedicated individual, a legal team, or a senior executive who delegates these duties.

Typical responsibilities include:

• Maintaining statutory books and records

• Filing essential returns and legal documents

• Overseeing board and shareholder proceedings

• Managing annual general meetings and statutory reports

• Addressing compliance areas like data protection, cybersecurity, and health and safety

By handling these complex responsibilities, the company secretary protects the organisation’s reputation, supports strategic goals and ensures smooth operations for a wide array of stakeholders.

With governance becoming more intricate globally, the role of the company secretary is evolving. Increasingly, they must navigate emerging trends like environmental, social, and governance (ESG) concerns and ultimate beneficial ownership (UBO) disclosures.

The ability to proactively address these issues underscores the growing importance of this critical function.

What if your service provider isn’t currently meeting these expectations?

Here at Orbitus, robust CoSec underpins everything that we do, and is what contributes to our reputation for quality in the service that we provide. 

Disciplined corporate governance practices are integral to the business culture at Orbitus, where our staff both front line and back office have long term experience and knowledge in meeting the ever-increasing needs of our clients. We can draw on over 30 years of experience in the sector.

Our Company Secretarial offering is led by Samuel Stoddart, a Chartered Company Secretary and Chartered Governance Professional who has developed a keen understanding of corporate governance and its critical role in navigating today’s evolving regulatory landscape.

If you would like to understand more, and particularly what makes Orbitus refreshingly different, we would be delighted to discuss your needs.