What is the function of a company secretary?
A company secretary is a key position in Delaware commercial law. This individual is responsible for ensuring the company complies with state and federal laws by providing administrative services and functions. Some of their main duties include ensuring the company follows all corporate laws, maintaining accurate business records, submitting regulatory filings, attending and documenting board meetings, and acting as liaison between the company and other stakeholders. The company secretary also serves as a key source of information and guidance for the company. They are responsible for keeping up-to-date information on proposed laws, regulations, and other changes related to the company. They also need to be aware of any changes that may affect the company’s business such as changes to taxation. The company secretary is also the custodian of the corporate records. They are responsible for ensuring that the company has the necessary records, such as Minutes of Board meetings and stockholder documents, and that they are up-to-date and organized. Additionally, they must regularly review and update the records to ensure the information is accurate and current. Overall, the company secretary plays an important role in ensuring the company meets all legal requirements. Without a company secretary, the Delaware commercial law would be more difficult to navigate and maintain.
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