A company secretary is the most senior administrative officer of a private or public company or organisation. Their role is to ensure that the company complies with all standard financial and legal requirements, as legislated in the jurisdiction of incorporation.
The risks of non-compliance with local regulations are considerable, with the potential for harsh consequences for organisations and individuals. It is essential to know that your entities, wherever they are located around the world, are in good standing, that business decisions are accurately implemented and that necessary changes can be effected in a straightforward and timely manner.
As company secretary, Sovereign will take responsibility for:
In addition, Sovereign can offer board assistance and support in respect of: taking records of board and committee meetings, scheduling of meetings, setting of agendas and the circulation and the delivery of papers for a meeting, the arrangement and implementation of share transfers and changes in shareholding, or dividend distributions and capital contributions.
Finally, we can assist with the dissolution and liquidation of entities that are dormant or no longer required, whether it be the closure of a single entity or the closure of multiple branch and representative offices and companies across a range of jurisdictions.
The need to maintain and document compliance with statutory corporate obligations is obvious, but the administrative burden can be overwhelming, especially if you are unfamiliar with the rules and regulations in a foreign jurisdiction. Sovereign’s company secretarial services will make the process as simple and as straightforward as possible, allowing the executives to focus on what they do best – running their business.