For any registered entity in the Philippines, having a qualified corporate secretary philippines is not just a luxury—it is a legal mandate. According to Philippine law, every corporation is required to appoint a secretary who is a local resident and Filipino citizen of the country.
Defining the Role
A common misconception is that that a corporate secretary serves only as a note-taker. In the Philippine context, this individual functions as the primary liaison between the board of directors and the stakeholders.
A Detailed Corporate Secretary Job Description
To fully understand the corporate secretary job description, it includes a broad range of legal and administrative responsibilities. Key tasks typically include:
Meeting Management: Coordinating board meetings and precisely recording the minutes of proceedings.
Liaising with the SEC: Guaranteeing that the company files its General Information Sheet (GIS) on time to maintain active status.
Custody of Records: Maintaining the official records and making sure all share issuances are properly recorded.
Official Attestations: Providing secretary’s certificates for bank transactions on behalf of the company.
Why Local Expertise Matters
Appointing a corporate secretary philippines helps that the business stays compliant with evolving SEC corporate secretary philippines circulars. The Philippines has unique compliance cycles that necessitate diligent attention. Missing a deadline often results in corporate secretary job description hefty fines.
Choosing the Right Candidate
While the law requires citizenship and residency, corporate secretary philippines successful businesses often seek individuals with a strong grasp of corporate law. corporate secretary philippines Key traits include high ethical standards. Because they handle sensitive corporate data, trustworthiness is non-negotiable.
The Evolution of the Role
Today, the role of a corporate secretary philippines has become a governance officer. They offer valuable guidance to the Board of Directors concerning ethical standards. This helps the company functions with integrity.
Summary
In conclusion, fulfilling the corporate secretary job description is a critical step for startups and established firms alike. Whether you are a local entrepreneur managing an existing corporation, securing a professional secretary ensures a smoother path to corporate secretary job description long-term success.