leaving law
Wednesday
13/02/2008
13:50
Company Secretarial

A word from leavinglaw

Highly suited to former lawyers, and no formal retraining required. Company Secretaries for public companies are basically required to be either a lawyer, accountant, or possess the Institute qualification. Almost anyone can be a company secretary for a private company. A solicitor or barrister does not mandatorily need any re-qualification therefore, although adding the ICSA qualification is unlikely to be a disadvantage, and gives Chartererd Secretary status.

The ICSA is "the qualifying body for company secretaries and senior administrators, ICSA offers a professional qualification covering business, company law, corporate governance, management, finance/accounting, administration and company secretarial practice.". With a legal qualification, you can fast-track through the ICSA qualifying scheme "to a board-level role".

Sometimes you see the role of Company Secretary combined with that of General Counsel, and duties can be expected to include jurisdiction over regulatory compliance, corporate governance, liaising with auditors, pension scheme management, insurance matters, reporting to Directors, elements of risk management, preparing agenda and taking minutes etc. Every company needs one. Bigger companies advertise for 'Assistant Company Secretaries' in support of the Company Secretary and Company Solicitor or General Counsel. You can see some fairly big positions advertised in the Times law section on a Thursday.

The Institute of Chartered Secretaries and Administrators (ICSA)
16
Park Crescent
London
W1B 1AH
Tel: 020 7580 4741
Fax: 020 7323 1132
Email: info@icsa.co.uk
Link: http://www.icsa.org.uk

Made the move

Nick Lindsay

Nick Lindsay

I left private practice to set up Elemental CoSec, a corporate and company secretarial firm. We provide professional company secretarial services to SMEs, large corporates and law firms. As a corporate lawyer, I’ve been setting up companies and dealing with company secretarial businesses for years. It’s a very old fashioned industry and I always found that the service I received was poor and the prices too high. I had an idea that the business could be done better and through researching the .....

www.elementalcosec.com

http://www.elementalcosec.com/company-secretarial-

http://uk.linkedin.com/in/nicholaslindsay

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Whilst every care has been taken to ensure the accuracy of this information at the time of posting, the information is intended as guidance only. It should not be considered as professional or legal advice.





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