Company secretaries make sure that a company complies with its legal and regulatory obligations, and that decisions of the board of directors are implemented.
Duties & Tasks
Company secretaries may perform the following tasks:
- communicate and implement the decisions and strategies of the board of directors
- provide advice to the directors of the company regarding compliance with stock exchange listing rules, relevant legislation and corporation practices
- handle company share transactions such as issuing new shares, arranging for the payment of dividends and observing legal requirements
- liaise with auditors, lawyers, tax advisers, bankers, shareholders and the company's members
- arrange, give notice of and attend meetings, and take minutes of proceedings
- assess and arrange insurance cover for the company
- make sure that all returns required by the Corporations Law are made to the Australian Securities and Investment Commission (ASIC)
- make sure the requirements of the Income Tax Act are met
- make sure the company meets its compliance obligations under relevant laws and the requirements of regulatory authorities
- supervise financial administration, including the preparation of financial statements and budgets.
A compliance officer investigates and reports on financial, operational and managerial processes, systems and outcomes to ensure an organisation's compliance with legislative and regulatory requirements. They also assist in business process reviews, risk assessments, and reporting against outcomes.
- able to analyse and solve problems
- good organisational skills
- aptitude for working with computers and figures
- discretion when dealing with confidential information
- good communication and interpersonal skills
- able to work independently or as part of a team.