The Importance of Having a Corporate Secretary in Malaysia

KUALAL LUMPUR, Malaysia - July 15, 2021 - PRLog -- Bestar Consulting, the industry's leading business consulting agency in Malaysia, highlights the important role corporate secretaries play in Malaysian companies.

One of the reasons corporate secretaries are an important asset is that the individual assigned to this position updates statutory information. "Corporate secretaries update company books and documents when any changes have been made. Whether it be a change in the company structure, a new member of the Board of Directors, or other information, the corporate secretary is responsible to ensure the accuracy and security of company information," stated Mr Jason Wong, Team Leader of Bestar Consulting.

He continued, saying, "Apart from that, another important duty that they have is handling general meetings. Corporate secretaries are vital in the boardroom as they are involved in the planning, discussion, and execution process. They prepare minutes of the meeting and work as advisors for the directors. Because of this, they are considered as the leading board experts, and they have an important role in designing and implementing a company governance framework."

Furthermore, corporate secretaries work as middlemen between the company and its shareholders. This means that all actions pertaining to the company or the shareholders must pass through the corporate secretary. "This is a complex and challenging task that requires keen attention to detail and a focused mind. Corporate secretaries are tasked to oversee the company activities like Issuing documents, monitoring changes, making inquiries, and upholding shareholder relations. As such, they play a crucial role in making sure that the company is operating smoothly and everything is under control," explained Mr Wong.

On top of all that, every company secretary in Malaysia ensures that the business works in compliance with the law. They must ensure that all the company procedures are in accordance with the Companies Act 1965 as well as the Memorandum of Articles. Therefore, the individual assigned to this position is expected to be knowledgeable in all statutory and regulatory bodies in order to properly guide the company in the right direction.

With this, it's evident that the corporate secretary holds a vital position in the company. Without their services and expertise, the company may not be able to operate properly.

Besta Consulting is a pioneer agency that provides company secretarial services Malaysia (https://bestar.com.my/services/company-secretarial-servic...) to ensure that every business entity meets all legal standards and complies with government regulations.