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Understanding roles
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I. Introduction Secretaries help keep offices organized and running smoothly. There are, in fact, various types of secretaries. For instance, an executive secretary, often the assistant to the leader of a particular organization or of a department within a company; legal secretaries, typically supervised by an attorney or a paralegal, who generally carry out administrative duties related to legal proceedings. Besides, there are such categories as the medical,financial ones. In this essay, we will focus on corporate secretaries, and try to figure out what exactly the roles a secretary plays in an integrated company. A company secretary is a senior position in a private sector company or public sector organization, normally in the form of a managerial …show more content…
Everything running inside your cooperation should always stay within the boundary of legal system, and you have to be the supervisor keeping eye on every detail of your company’s business. Please do remember the lines of law which are concerning to your running trade, because the directors may ask you to advise them on their legal responsibilities and updating them on developments in the law concerning the running of companies. F. Complimentary Roles There are also many other roles a company secretary can take on, such as a negotiator with outside advisers, including accountants and lawyers; drafter of the governance section of the company’s annual report; guarantee ensuring that all reports are made available to shareholders according to the relevant regulatory or listing requirements and so on. III. Conclusion To sum up, the profession as foreign-oriented secretary is very sophisticated but also quite fascinating. If you do hold the desire of performing as a great secretary, you should fully understand your exact position and responsibilities in your community. Like in a fully grown society, one should always figure out what is lying in his ability in a running company. Knowing what you are and who you desire to become are
Oversees all internal financial and administrative operations through the Manager of Athletic Business and Ticket Operations; promulgates budget guidelines and approves final submission for each area; monitors conformance to established budget.
likewise the general manager will have the authority over the managers of each department. Also, written documents and weekly meetings between departmans managers and employees.
Clarence Sampson worked his way up the ranks and ultimately served as Chief Accountant of the SEC for 28 years, then spent an additional 5 years at the FASB. His esteemed involvement with creating the foundation of the accounting reporting world we know of today, was coupled with innumerable controversial issues, including that of bad debt expense in relation to the Sarbanes Oxley Act.
Finally, I will discuss which type of corporation I prefer. A Review of Corporate Roles and Duties The Role of the Board of Directors. The corporation’s business is carried out by its management, under the direction of the Board of Directors. The Board, and each committee of the Board, has complete access to management. Also, the Board and committee member’s have access to independent advisors as each considers necessary or appropriate.
According to Corporation Act 2001 s124(1), it illustrates that ‘’A company has the legal capacity and powers of an individual both in and outside the jurisdiction” . As it were, company as a legal individual must be freely with all its capital contribution shall embrace liability for its legal actions and obligations of the company’s shareholders is limited to its investment to the company. This ‘separate legal entity’ principle was established in the case of Salomon v Salomon & Co Ltd [1987] as company was held to have conducted the business as a legal person and separate from its members. It demonstrated that the debt of company is belonged to the company but not to the shareholders. Shareholders have only right to participate in managing but not in sharing the company property. Besides ,the Macaura v Northern Assurance Co Ltd [1925] demonstrates that the distinction between the shareholders and company assets. It means that even Mr Macaura owned almost all the shares in the company, he had no insurable interest in the company’s asset. The other recent case is the Lee v Lee’s Air Farming Ltd [1961] which illustrates that the distinct legal entities between employee ad director allows Mr.Lee function in dual capacities. It resulted that the corporation can contract with the controlling member of the corporation.
Obeying the law, both in letter and in spirit, is the foundation on which this Company's ethical standards are built. All team members and directors must respect and obey the laws and all applicable rules and regulations of the cities, states and countries in which the Company operates. Although team members are not expected to know the details of each law, it is important to know enough to determine when to seek advice from supervisors, managers or other appropriate personnel.
Corporate gorverance as a system are directed and controlld by companies. Initially, their board of directors should take responsible for the gorverance of companies, which include setting strategic aims of companies , guarantee an effective leadership, supervising the proformance of business management and reporting on it to shareholders. The board's action should comply with the law, regulations and shareholders. In addition, the shareholders also play an important role in gorverance and they have right to decide who can be employed as the companies' directors and auditors to provide good governance structure for them. Therefore, corporate goverance can be regarded as what the board of a company does and how it sets the values of the company.
Corporate level: This level is concerned with the overall scope of an organisation. It includes Executive directors such as medical/Surgical/Allied Health and also Deputy Directors.
To be more succinct, she has to ensure the managers and supervisors have support and direction by setting clear expectations (Rue & Byars, 2010). She professionally represents the laboratory within the healthcare system. She rounds on patients and staff and encourages employee engagement to meet the needs of the customer by demonstrating enthusiasm in her interactions (Rue & Byars, 2010). Her role is to ensure everyone is able to perform their specific job functions and help remove roadblocks when they occur.
In company law, registered companies are complicated with the concepts of separate legal personality as the courts do not have a definite rule on when to lift the corporate veil. The concept of ‘Separate legal personality’ is created under the Companies Act 1862 and the significance of this concept is being recognized in the Companies Act 2006 nowadays. In order to avoid personal liability, it assures that individuals are sanctioned to incorporate companies to separate their business and personal affairs. The ‘separate legal personality’ principle was further reaffirmed in the courts through the decision of Salomon v Salomon & Co Ltd. , and it sets the rock in which our company law rests which stated that the legal entity distinct from its
The board of directors has both executive and non executive directors. Executive directors have both executive and board duties to perform while non executive directors have only board responsibilities. Therefore both types of directors vary in the responsibilities and authority they have in the company affairs. Thus the non executive directors devote very little time to company affairs ( only attend board meetings, committee meetings of which they are members or sometimes pay a visit to the company premises for getting knowledge of how things are done).
In this present century the corporate world is moving towards turning into one entity with all the progressions and advancements in the innovation and exchange. The spine to this is been the corporate world, which runs all the organizations ranging from the large companies to small scale with enormous number of its representatives. I firmly accept that achievement of corporates lies in overseeing its representatives for which incredible managerial correspondence expertise is an absolute necessity.
The Role of the Directors in a Company is of a paramount importance in the discourse of the proper running of the company. Directors are the spirit of the company .The company is merely a legal entity, governed by its directors. These directors have certain duties and responsibilities. These are mainly governed by the Corporation Act, 2001. Section 198A (1) of The Corporations Act, 2001(The Corporations Act 2001 s 198A (1)), clearly states that, ‘The business of a company is to be managed by or under the direction of the directors’.
must be maintained in perfect order, so that any file may be located promptly by
According to Carol Padgett (2012, 1), “companies are important part of our daily lives…in today’s economy, we are bound together through a myriad of relationships with companies”. The board of directors remain the highest echelon of management in any company. It is the “group of executive and non-executive directors which forms corporate strategy and is responsible for monitoring performance on the behalf of shareholders” (Padgett, 2012:1). Boards are clearly critical to the operation of companies and they are endowed with substantial power in the statute (Companies Act, 2014). The board is responsible for directing and steering the company. The board accomplishes this by business planning and risk management through proper corporate governance.