Every individual has specific career objectives. For instance, the students pursuing a degree in commerce can find the career of corporate secretary a lucrative option. They act as moderators between the government and the regulatory authorities, shareholders, and the board of directors. The role of the company secretary services in India is to make sure about the compliance of the board. Furthermore, the CS works for the board of directors and the chairman by offering them relevant instructions on how to make the best use of their responsibilities depending on the circumstances.
The following points highlight some of the wrong ideas that prevail about the top company secretary firms in India.
When discussing the matters related to the incorporation of the company, the role of the board of directors, different aspects of business operations, the auditors, and the shareholders, the company secretarial services get less attention, and a lot of people feel that it is an insignificant service. The truth is that the role of the corporate secretary is vital in the hierarchy of the corporations and it is at par with the role of the CEO and Chairman. Their primary role is to create trust among the members of the board eventually resulting in healthy corporate governance.
Contrary to what many people believe, a company secretary in Delhi is not a PA or the compulsory positions in the company that is not as good as they are projected. The truth is that the position of the CS is coveted in the company and the individual is responsible for establishing a good relation among the board of directors.
Speaking less actively
The misconception often arises due to the help the corporate secretarial services receive from the chairman directly and publicly. It cannot be ruled out the people working in this position may not speak explicitly and voice their opinions rather subtly than what is expected from them. They do not have a mere presence during the board meetings and are allowed to speak to recommend their opinions in varied issues of the business depending on the circumstances. Moreover, they can speak on the decision of the board members and chairman as well.
Therefore, the aspirants looking forward to pursuing a career in this field and get a job in the corporate secretarial firm must try to work on the evolving role of the CS instead of forming unnecessary opinions based on hearsay.
Getting things right
Some of the business owners often believe that the top company secretary firms in India are hired as it is nothing more than a legal requirement. However, the CS is not limited to working on the administrative duties, but they need to look into the matter related to compliance in the context of the regulatory requirements of the company and hence requires them to provide, high level, precise, and accurate information although the companies must focus on hiring trained individuals for this post.
Obtaining the right picture
When the CS does not get much support to complete the business tasks, it results in a limited view of the role of the individual in the long-term. However, the same people who focus on the misconceptions are not ready to change their thoughts when the stakeholders provide a glorified role to the corporate secretary. They can handle the duties beyond the norms of general administration with positive and long-term consequences.
The final word
The scope of company law and secretarial practice is becoming huge in the work of corporations, and the individuals pursuing their career in this field can get the opportunity to work with good pay and in higher positions whether in the banks, financial institutions, public and private section, the stock exchanges, in the departments of government, the company law board, and the Department of Company Affairs.
Passionate about working?
If you are passionate about the work you need to do, you will come across a wide range of job openings after the completion of studies. Furthermore, you can also start an independent firm as well. As the role of the corporate secretary is to create a good relationship between the board members, the aspirants must have diplomatic skills, social awareness, and confidence. There is no doubt that it is one of the highest-paid jobs in India, but the salaries depend on the ability of the individual.
Amy Jones is the lead legal expert at Ahlawat & Associates-One of the top legal firms in India. She is a passionate writer and loves to help people in all aspects of company law matter. You can follow her on Twitter, Linkedin.