Foreign countries provide company secretary courses under different names. CGI, CSIA, CISI, ICGN, MACS, IVSC, and UNIC are the names of the institutes that operate in foreign countries for providing company secretary ship courses. Different roles of company secretaries working in India and abroad are as follows: Key managerial personnel, advisor to the board of directors, secretarial auditor, compliance officer, corporate risk manager, NCLT practitioner, corporate risk manager, GST professional, insolvency professional, internal auditor, registered value analyser, representation services, corporate planner, and strategic manager. Indian ICSI institute has centres in Singapore, Australia, the United Kingdom, UAE, and the USA. ICSI executive program is honoured with RQF level 6 and UAE Emirates level seven. CS professional level program is honoured in a foreign country as RQF level seven, and QF emirates level nine. Read the blog content with details of roles and responsibilities tied to company secretary jobs in foreign countries. It helps the readers to understand the value of the company secretary course all over the world.
Managerial skills of company secretaries:
Company secretaries must understand the business and action plans. Organisational knowledge is essential to suggest frameworks, policies and plans.
Company secretaries need to possess knowledge of amendments to company law. They understand the compliance issues and implement solutions.
The power centre of the organisation is referred to as the company secretary. He communicates with the board members and regulatory authorities. He needs to have good communication skills, negotiation skills and emotional intelligence. Company secretaries plan the administration and legal processes. He needs to submit the documents and conduct meetings on time. He plans internal and external compliances on time.
Company secretaries need to maintain a good relationship with external authorities like investors and stakeholders. He needs to circulate the announcements, and send correspondences, and transfers. His eye for detail and relationship management brings professionalism.
Analytical skills of company secretaries:
Company secretaries need to have the software knowledge to complete the work. The functionalities and their appropriate technologies are handled by the company secretaries. He needs analytical skills to understand the process and technology.
The job of company secretary is associated with multitasking. He needs to maintain corporate governance, arrange meetings, and facilitate meetings. Multitasking is possible if the candidate has planning and analytical skills.
Company secretaries handle the financial reports and legal processes. To understand financial reports communication skills become a mandatory requirement.
Company secretaries in the US:
The salary of a company secretary approximately in the USA as of 2022 is $224,079. Company secretaries handle the administration work of the private and public sectors. The candidates working with the listed companies in Canada and America are called secretaries or corporate secretaries. In New York City the authorised overseas centre of Indian ICSI is providing Indian education to students living in foreign countries. International organisations in the US collaborate with ICSI. Corporate secretary’s international association limited and international corporate governance network are international organisations that work for the betterment of company secretaries.
The roles or responsibilities of a COS or CS abroad are as follows:
Managing logistics, board meetings, and minute’s assistance are under the control of company secretaries.
Giving suggestions to the board
Conduct training programs for new employees.
Maintain financial records.
Follow the state corporation law, SEC reporting, and stock exchange listing standards.
Communicate with the stockholders, transfer and stock issuance. Prepare proxy statement.
Work as a legal head and satisfy the investors and board members.
Conduct the annual meeting of the shareholders and solve the concerns with external and internal officers.
Company secretaries in the UK
The salary of a company secretary working in London, UK as of 2022 job data is $69,198 per year. The company secretary job is a high-profile job. There are diverse responsibilities, and it’s a fast-track role. The size of the company, responsibilities, sector and country decide the job of a company secretary. The profile of a company secretary working in the UK has the following points:
Support the decisions of the board.
Advise the board members regarding the law and discharge of responsibilities.
Fill the communication gap and check the information flow.
Act as a mediator to the shareholder and board members. Explain the views of a shareholder to the members.
Monitor the changes and plan the actions as per the regulatory environment.
Involvement in day-to-day activities. Check the statutory book record, and registers, organise the board meetings and prepare minutes.
Take immense care of the office infrastructure, insurance, HR, investor relation, share registration, salary administration and pension administration.
Company secretaries in Dubai
The average salary of a company secretary as of 2022 job data is AED 225000. UAE offers the best salary depending upon the experience of the professional. Understanding the regional language Arabic is an added advantage. The salary for a fresher is AED 7500 plus. The scope of company secretaries in UAE is as follows:
Company secretaries take care of business registration. The different services of a company secretary from the inception stage are as follows: advisory services, incorporation, arbitration services, and consultancy services.
Draft preparation for the deeds, agreements, and contracts sent to the UAE regulatory body.
Handle the stock exchange processes.
The Legal advisor, CML and CFT officer, corporate law expert, due diligence officer, economic law expert, officer in DIFC, and paralegal expert are the different roles suitable for a company secretary.
Conclusion:
The roles and responsibilities of different countries have variations. This variation is because of the legal system and economic development of a country. Basic knowledge and skill are the same. The process differs as per the system and administration.
