4 Factors to Consider When Hiring a Company Secretary
With the increasingly importance of a company secretary, the onus is on the company to hire the right one that best suits the business. Here are some tips that you should 4 factors you should consider before hiring a company secretary:
1. Having clear understanding of the Malaysian Company Laws
As a secretary is the legal assistance of a company, it only makes sense to appoint someone that is familiar with the laws and regulations of Malaysia.
With an incompetent secretary, there might be risks that your company breaching certain laws and incurring penalties or getting yourself into court cases not in your favor.
For example, company secretary of an auditing firm should know when to submit the audited annual reports to the registrar, failure to do so will result in fines which is not ideal.
2. Proficient communication skills
A company secretary acts and represents the company while conversing with external stakeholders such as shareholders and directors.
They must also be able to facilitate general meetings, annual general meetings as well as meeting with the directors of the company.
Accompanied with their knowledge of legal matters, they are no doubly able to provide professional and unbiased advice to the audience.
3. Administrative skills
Apart from bring the company’s ‘right-handed man’, company secretaries should also be able to handle other financial tasks such as filing tax returns as well as annual reports. They should also be able to pick up calls and answer any quires a customer may have.
4. Efficient financial analytic skills
A company secretary should also be able to handle financial statements, hence it is only logical that the secretary you hire should have an above average familiarity with financial knowledge.
This will lower the risks of misstatements made by inexperienced secretary, causing the company to make a loss because of a simple information the inexperienced secretary has missed out.