Tuesday, 19 June 2012

UK: APPCGG report on the role of the company secretary

Last month the All Party Parliamentary Corporate Governance Group published a report titled Elevating the Role of the Company Secretary: Lessons from the FTSE All Share: see here (pdf). The report draws upon the results of questionnaires and interviews conducted with 27 chief executives, 55 executive directors, 27 chairmen, 143 non executive directors and 166 company secretaries. The research found, amongst other things, that the company secretary's role varied noticeably between companies, with there being an increasing tendency for it to be combined with another position (e.g., General Counsel or Head of Legal). Many respondents recognised the importance of the company secretary's role although amongst some directors the role was not well regarded. The research also found that most company secretaries reported to the chief executive.

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