The Company Secretaries have played a vital role as a bridge between society and business. Explain with reference to role of Company Secretary as a Champion of Good Corporate Governance.

CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · December 2024
The Company Secretaries have played a vital role as a bridge between society and business. Explain with reference to role of Company Secretary as a Champion of Good Corporate Governance.

Answer & Explanation:

Due to the separation of ownership and management, society depends largely upon professionals for the healthy growth of corporates and protection of the interests of the society. Also the responsibility for developing and implementing processes to promote and sustain good corporate governance has fallen largely within the remit of the company secretary. Therefore, Company Secretaries have played a vital role as a bridge between society and business. The profession of Company Secretaries is seen by society as the champion of good corporate governance, in ensuring that corporates: run their businesses in accordance with the laws of the land; follow ethical and honest practices in business; protect and promote the interests of investors who invest their hard earned savings in the capital of the company; maintain transparency and provide correct and adequate information and disclosures about their business activities; run their business in a sustainable manner; and work in the larger interests of society.

Topics: Corporate Governance

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