Every corporation in Canada is required by law to have a corporate secretary. But what exactly does a corporate secretary do?
The corporate secretary is responsible for ensuring that the corporation complies with all relevant laws and regulations, and for keeping accurate records of the corporation’s affairs. Here are some of the key duties of a corporate secretary:
- Maintaining corporate records
The corporate secretary is responsible for maintaining accurate records of the corporation’s proceedings, including board and shareholder meetings, and ensuring that these records are properly filed with the relevant authorities.
- Ensuring compliance with legal requirements
The corporate secretary is responsible for ensuring that the corporation complies with all relevant laws and regulations, including corporate governance rules and regulations, securities laws, and tax laws.
- Communicating with stakeholders
The corporate secretary is often the primary point of contact for shareholders, regulators, and other stakeholders, and is responsible for communicating important information about the corporation’s affairs to these groups.
- Supporting the board of directors
The corporate secretary provides support to the board of directors, including preparing agendas and minutes for board meetings, ensuring that directors have access to all relevant information, and advising the board on matters of corporate governance.
- Managing corporate governance
The corporate secretary is responsible for managing the corporation’s governance structure, including the development and implementation of policies and procedures to ensure that the corporation operates in a transparent, ethical, and responsible manner.
In short, the corporate secretary plays a critical role in ensuring that the corporation operates in compliance with all relevant laws and regulations, and that its affairs are conducted in a transparent and responsible manner.
If you are in need of a corporate secretary or have any questions about corporate governance, please do not hesitate to contact Falcon Law PC at 1-877-892-7778 or info@falconlawyers.ca. Our team of experienced lawyers can provide guidance and support to ensure that your corporation is operating in compliance with all legal requirements.
