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Secretarial Tips: 115/2024 Subject: Rotation of Directors At the first Ordinary General Meeting of the Company all the Directors except the Managing Director shall retire from the office of Directorship. At every subsequent Annual General Meeting 1/3 (one-third) of the Directors for the time being or if their number is not three or a multiple of three then the number “nearest to one-third” shall retire from office who shall however be eligible for re¬-election. The Directors to retire by rotation every year shall be those who have been longest in office since their last election/nomination, but as between persons who became Directors on the same day, those who are to retire shall unless they otherwise agree among themselves be determined by lot. [Section 91(2) of the Companies Act, 1994 and Regulations 79-81 of Schedule-I]

The Evolving Role of Secretaries in Today’s Workplace The role of a secretary has come a long way over the years. What was once seen as a purely administrative function is now a multifaceted position requiring adaptability, technical skills, and strong interpersonal abilities. Secretaries are often the first point of contact in an organisation, managing schedules, streamlining communication, and ensuring operations run smoothly. We’re no longer just “keeping things in order”—we’re anticipating needs, solving problems, and often acting as the connective thread between teams. In today’s fast-paced workplace, the value of a skilled secretary goes beyond simply completing tasks. We bring structure to chaos, efficiency to operations, and a level of professionalism that technology alone can’t replace. Let’s recognise the vital role secretaries play in keeping businesses on track. The title may be evolving, but the impact remains as important as ever. Who agrees? #ProfessionalDevelopment #WorkplaceSupport #SecretaryLife

FACT: Chairs, CEOs and Boards need to move things around on their agendas to maximise how their limited time is used - so we're making it simple for Company Secretaries to support what their organisations need. #CompanySecretary #boardcycleAgendas

Today, managers don't just need efficient secretaries; they need someone who can step into their shoes and manage daily operations with the same precision and effectiveness. This program is designed to develop that level of capability in your secretary. Register with Pubudu now

“The advantages of having everyone off at once means that someone who has role dependencies doesn't have any issues,” says Aaron Stead, CA. MBA., group financial controller and company secretary. “No one's going to have any issues with not having someone there to do something.” Though the periods directly preceding and following Christmas can be busy for accounting firms, here’s how two employers encourage staff to take leave: https://ow.ly/Gbsc50UoOrs 👈 Words by Christopher Niesche. #ChristmasShutdown #AnnualLeave #Acuity

What's your top tip for company secretaries in the Board Room? We reached out to cosecs on LinkedIn for their thoughts. A big thank you to participants Obehi Ehiremhen, Jayne Meacham FCG, Eimear Nugent, Simeon Foreman, Debbie V. and Tanya Rai for sharing your thoughts with us! #companysecretary #insights #video #cosec #governance

Bridgehouse Asks is live! I reached out to some of my cosec connections here on LinkedIn to get their insights into the role of the cosec, a big thank you to Olumide Olaitan Caroline Farbridge Jayne Meacham FCG Samira Chambas-Yusuf (ACG) and Jibin Kuruvila FCS, ACG for sharing your insights with me for this first video! If you would like to be involved in a BH Asks videos simply send me a message here on LinkedIn #companysecretary #cosec #governance #insight #insights #corporategovernance

Secretarial Tips: 114/2024 Subject: Who can be appointed as Director? Only natural person may be appointed as a Director. [Section 90(3) of the Companies Act, 1994]. The reason being natural person being appointed as a Director is that the office of Director being to some extent an office of trust, there should be somebody readily available who can be held responsible for the failure to carry out the trust and it might be difficult to fix that responsibility if the Director was a corporation or an association of persons. However, this provision is not applicable for Deemed Director/Shadow Director. For instance, a Holding Company is the Deemed Director for the purpose, as all or majority of the Directors of a Subsidiary Company are accustomed to act according to the direction of Holding Company.

According to the CMO Survey, professional services firms should dedicate 22% of their overall budget to marketing efforts. We're talking to YOU: legal practices, consulting firms, accounting firms, HR firms, and marketing agencies. 🌟 Invest wisely and watch your firm thrive! 💼 #MarketingStrategy #ProfessionalServices #BudgetAllocation #IndustryLeaders #LeadGeneration #Credibility #Visibility #BusinessGrowth #BrilliantMarketing

An experienced Company Secretary can help support your directors, assisting with building a balanced and functioning Board.