Deciding to hire a corporate secretary is a big business decision that needs to be made properly. When you think about it, depending on what country your business is operating from, you might be required by law to actually employ a corporate secretary. When running your business, you need to hire good and capable people. If you have the right people working in the key positions, your company will be able to thrive.
A corporate secretary helps you carry out all the necessary work and documents needed by the government like your yearly financial reports, records and certificate storing. According to SSM, corporate secretaries are needed to make sure that all these documents are up to date.
So here are the 3 main benefits of hiring a corporate secretary :
Benefit 1 : Maintaining Administrative Requirements by SSM
Company secretaries are highly qualified and trained to handle all your administrative functions with the utmost professionalism and efficiency. When you hire a corporate secretary, you will be rest assured that the people you hire will be trained to the ultimate required levels. This way you would not need to worry about your documents being done properly. You will have the peace of mind that all your work will be done to the requirements set by SSM.
SSM regulations are strict and you need to know what you’re doing to make sure that your documents are all in order. Inaccurate and late reports are a drag and this might happen if you don’t have an external party dealing with your documents.
Benefit 2 : Proper Advice and Compliance
Since a corporate secretary has to be a stand alone, non-biased personnel, you are rest assured to get the best advice needed to run your company. They are always kept up to date with the governments requirements and regulations. They will help ensure that every business decision you make is one that is strategically and regulatory for the benefit of your company. They can also advice the chairman and C-Suite managers of the company. They are also there to sit in board meetings to make sure that the non-executive directors are impartial and is there to give proper advice to the rest of the board members.
Benefit 3 : Convenience, Reliability and Ease
Having an outsourced corporate secretary means that you would have someone who is reliable at all times. Their job is to service their clients above all costs and this way, you can be rest assured that someone will be taking care of your case all the time. They are trained professionals that will make the entire process easier for you.
Imagine having to learn and keep up to date with all the regulations and requirements needed by SSM and the Malaysian government, on top of working on making sure your business runs. It’s not an easy task to do and having a professional corporate secretary to do that will greatly help you.
Another benefit is that if your corporate secretary is MBRS trained, they are superbly up to date with the latest technology and can help you file your EA forms and your financial reports at the end of the financial year much easier.
To register to become MBRS certified, click here.