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What Does A COMPANY SECRETARY Do? | How To Be A Company Secretary | Jersey
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- čas přidán 7. 08. 2024
- In this video I explain exactly what a Company Secretary is and what they do, as well as how much Company Secretaries get paid and what exams to look at if you're interested in becoming a Company Secretary!
0:00 Introduction
1:32 What is a Company Secretary?
3:13 What do Company Secretaries do?
6:21 Salaries
7:53 Exams
If you’re interested in checking out the gear I used to put this video together, I’ve included some links below:
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MacBook: amzn.to/3pBbZ7j
#1 - WHAT IS A COMPANY SECRETARY
Contrary to what the name suggests, a company secretary is not a clerical or secretarial role. Instead we ensure that a company operates to a high standard and that everything runs as smoothly as possible on a day to day basis.
It's difficult to define a company secretary in one sentence as its a role that covers so many different things, but in essence company secretaries ensure that a company does everything it's supposed to do under the rules and regulations it needs to follow, whilst working closely with the board of directors to make sure the company is ran efficiently and that everyone is doing what they are supposed to do.
#2 - WHAT DOES A COMPANY SECRETARY DO
No two days are ever the same and it's an interesting career as you get the opportunity to spend a lot of time working with directors and other senior people such as investment managers, lawyers and accountants.
This is a huge benefit to me personally because it gives me the opportunity to learn so much about finance and investing which are topics that I'm passionate about!
Some of the main duties of a company secretary are:
- Liaising with the directors to arrange and facilitate regular board and committee meetings;
- Keeping up to date with changes in legislation and corporate governance to make sure the company stays compliant with everything it needs to;
- Regular contact with the board and other senior level parties such as brokers, investment managers and lawyers;
- Setting up and maintaining good records in accordance with regulatory requirements;
- Completing and submitting all regulatory filings, such as annual returns and accounts which need to be filed with regulators, and ensuring that any statutory fees are paid alongside these filings;
- Reviewing all accounts, draft prospectuses, meeting agendas and marketing materials in accordance with legislation; and
- Helping out with the training and development of more junior staff.
#3 - WHAT ARE SALARIES LIKE
Working as a company secretary can be a very well paying career.
The Institute of Chartered Secretaries and Administrators (ICSA) publishes salary data on their website which gives a good indication of what to expect at the various levels of your career.
On average, a company secretarial assistant can earn anything from £39k to £47k, an assistant company secretary could earn on average between £56k and £82k, a deputy company secretary earns on average between £83k and £130k and a Group Company Secretary can earn anywhere from £139k to £201k on average, with the top 25% of them earning above £311k!
Salaries vary a lot depending on a number of factors such as your level, experience and which location you are based in.
#4 - WHICH QUALIFICATIONS TO THINK ABOUT
ICSA provide exams and professional development for governance professionals so this is definitely the way to go if you're interested in becoming a company secretary.
ICSA's Chartered Governance Qualifying Programme is the flagship qualification and it sets the benchmark for company secretaries and governance professionals, ensuring that you'll have the skills needed to do extremely well in the role.
Anyone can apply, but the programme starts at level 6 and rises to level 7 which is equivalent to postgraduate degree level, so a fairly high level of knowledge is assumed from the get go.
For that reason, ICSA have their International Finance and Administration qualifications (IFA). There are two levels to the IFA qualifications set at level 4 and level 5:
IFA level 4 is aimed at those who don't have any finance qualifications and are looking to get started, so this is an ideal point of entry if your completely new to all of this, whilst IFA Level 5 is aimed at those who either have significant industry experience and are in a management role, or people who have successfully completed the IFA level 4 qualification (or an equivalent) and are keen to take their studies to the next level.
I really hope you found this video helpful, and if you did please be sure to give it a like and subscribe to the channel for more videos! Thanks so much for watching!!
*I may earn a referral bonus or affiliate commission through some of the links that appear in this video description. The offers referred to are correct at the time of posting but do be aware that some offers may no longer be available.
Very interesting; thank you!
Thank you for this informative video. It’s helpful to learn more about the pathway to qualifying and training to become a company/chartered secretary or chartered governance professional. It would be good to note that it’s a profession with global reach and one can take the exams, qualify train and work in a number of countries. Looking forward to more videos.
Thanks for your comment! Glad you found the video helpful 🙂
Happy to watch this video..specially when its related to your own profession. Being a chartered secretary since 6yrs such videos are very rare to find. Appreciated ur effort! Pls post more videos on it.Thanx!
Thanks so much for your feedback! I'm really glad you enjoyed the video and I'll definitely be making more videos about this subject in the future! :)
@@ryangibson-personalfinance475 Means a lot.
M a CS from India..Planning to move UK .. Ur videos will be a genuine help!
I'm really pleased to be able to help. Best of luck with your move to the UK, it's a great place to work as a co-sec!
Hello Ryan thanks for sharing this company secretary video and would love to receive more such information, I have just been appointed to the company secretary role...
Very good vedio 😊 short and detailed explanation 👌
Thanks a lot for this very useful video.
You're welcome! Glad you found it helpful 🙂
thanks more company secretary stuff
Great stuff
Thanks for the comment! Glad you enjoyed the video 🙂
Many thanks
More videos on Company Secretary.
Thank you from Noakhali, Bangladesh 🇧🇩
thank you very much for this video. I am from in ghana and want register this programe . how do i take the course and exams. is it online ?.
More videos please on company secretarial...
Thanks for your comment! I'm working on more 🙂
I have a question, I'm in a Sixth Form in the UK doing a BTEC Level 3 Extended Diploma Course (It counts as 3 A levels). I want to become a company secretary in the future God willing. God willing I'll be doing an internship 1 day a week for a year. My question is after sixth form/college where do I go from there to becoming a company secretary?
Personally I'd like to start straight away after leaving college
Do you know how many exams you should do at a time? and suggest which topics to do for part 1 the first time?
1:31
Thank you very much for your enlightenment. I wish to register at lowest entry level. What are the required subjects to be registered. What is the registration fee, exam fee. Which online platform can give me the preparatory lectures to enable me grapple with the Knitty gritty of the profession and career . From INNOCENT AMEH ONOJA
can a icsi qualified (india) work in abroad?
Can you please Name the Body who conducts the exam fr company secretary again??? it was a bit unclear ....Is it AXA??
Do you need to be a lawyer to do this job?
I am invited to an interview for a company secretary. Please assist me with possible questions and answers for the interview
Do Indian Company Secretaries Work in UK as there's MOU between ICSA & ICSI??
Yes through the MoU
Is it possible for internationally qualified company secretaries to find job in the uk, can u please make a video on that?
I would visit the UK first before deciding if you want to live there or not. You might have a bit of a shock.
Hi there,
Hope you are doing well. You made this beautiful vedio with great contents. Thank you for that. I am planning to set up a private limited company here in UK. I would like to ask you if it is possible to put my spouse as a company secretary and also in the payroll from UK private Ltd company perspective.
Best Regards,
Syed
Thanks for your comment! I'm glad you enjoyed the video 🙂 Unfortunately I can't give any advice on your specific circumstances, but you might find it useful to know that currently UK private companies aren't currently required to have a company secretary (you can see that under article 270 (1) of the Companies Act 2006 - a quick Google search should help you find it). When it comes to setting up your company, if there are things you're unsure about then you're probably best off speaking with a professional in your area who will be able to listen to all of your requirements / questions and advise you on the best thing to do. I hope that helps!
@@ryangibson-personalfinance475 thanks for your information
I completed Indian cs course. I like to join this course. Please advise me what shall be the fees, exemption in papers, subjects to be studied. How to apply. Guide me completely Robinson sir
There's a MoU between ICSI and CGI UK which exempts all papers you only need to pass 3
The position sounds like a Legal and Compliance Administrator or Director. Does it require a law degree?
No
It's a complex role, legal, Management, finance, operations, advisory, consulting, audit, etc everything is done by a CS
No lol
Hi can I follow you directly ?