The CEO's Right Hand’s Post

“Resource management helps not only with profit; it helps with these other priorities– and decision makers need to be focusing on both because otherwise, they’re going to fall behind, lose clients, and then lose staff.” #Legal #MatterResourcing #ResourceManagement #profitability

An environment of volatility and uncertainty challenges today's legal industry. #Outsourcing can help weather a recession by reducing costs, increasing flexibility, and improving efficiency. Learn about the benefits of outsourcing during difficult economic times. https://ow.ly/RLow50P6Z4X

An environment of volatility and uncertainty challenges today's legal industry. #Outsourcing can help weather a recession by reducing costs, increasing flexibility, and improving efficiency. Learn about the benefits of outsourcing during difficult economic times. https://ow.ly/RLow50P6Z4X

An environment of volatility and uncertainty challenges today's legal industry. #Outsourcing can help weather a recession by reducing costs, increasing flexibility, and improving efficiency. Learn about the benefits of outsourcing during difficult economic times. https://ow.ly/RLow50P6Z4X

Under the Companies Act 2006, companies must maintain key registers, including those of members, directors, and individuals with significant control. 📑 These records are vital for corporate governance and should always be accurate and current. Niamh Wilson, Trainee Solicitor in our Corporate and Commercial team, emphasizes the importance of keeping them up to date, especially if you're considering selling your business. https://lnkd.in/eDu6Sdti #CorporateGovernance #StatutoryCompliance #BusinessLaw

“Resource management helps not only with profit; it helps with these other priorities– and decision makers need to be focusing on both because otherwise, they’re going to fall behind, lose clients, and then lose staff.” #Legal #MatterResourcing #ResourceManagement #profitability #acceleratingrevenue

Good evening, everyone. Last week by His grace, I became a grandpa. Mother, father, and son are very well. My God is faithful!   One of the clauses I dislike the most and find distressing is section 8.2 of the Nigeria Code of Corporate Governance 2018 that recommends that the appointment of a company secretary should go through the same rigorous process as that of a director. When I look at the disparity in the importance accorded the role and the benefits, especially for executive directors, my conclusion has always been that the drafters of the code had a mischievous sense of humour! However, more importantly, it connotes that the average company secretary of an established company is qualified to be a director. I can read your mind when you mumbled that you would do a better job than some board members. Shhhhhhhh 🤐 , do not let anyone hear. From my experience, company secretaries will make excellent directors, but I digress.   Another key burden of a company secretary is the burden/vow of silence. Oftentimes you sit in meetings where issues that may determine your career, affect your besties, confer benefits on unworthy candidates, but cut you out of the largesse. Yet, you are not expected to have an opinion or show emotion. An experienced company secretary understands the politics of Management and can smell hubris and nepotism a mile off; but then you should not express a view (although there are other avenues to handle this). Even if asked, your response must be clothed in diplomacy, before the MD will be looking for you with AK47! Your displeasure is only observed by the most discerning director. A vow of silence, almost cultlike.   Many years ago, the Board was investigating margin loans taken by staff. Most staff members had increased their exposure to match the value of the shares as it escalated and when the market crumbled, the entire security was lost. In discussions in EXCO, most staff members were pardoned but the key officers that ought to understand credit were asked to resign. I remember that the MD told me that if anybody got wind of the resolution before the staff members were notified, I will be held responsible. That is how I had to type the extract at about 9 P.M. and personally served the Head of HR. I saw these my friends at the Management meeting the following day throwing people under the bus, and generally asserting authority but I could not say anything. When they were eventually advised towards the end of day, it was a sad case; but they knew I was aware, yet they did not hear, and they were supposed to be my friends! Such is the nature of the job; such is the burden we carry. You must have stories. See you next week. 

Practicing Company Secretaries (PCS) play a vital role in corporate governance and compliance within the country and includes: Corporate Governance: PCS professionals ensure that companies adhere to corporate governance norms and practices. They advise boards of directors on governance-related matters, help implement best practices, and ensure transparency and accountability. Legal Compliance: They ensure companies comply with all applicable laws, regulations, and guidelines. This includes corporate law, securities regulations, taxation laws, and labor laws among others. PCSs help companies avoid legal pitfalls and ensure legal conformity in their operations. Company Law Matters: PCS professionals are experts in company law and play a crucial role in company formation, restructuring, mergers, and acquisitions. They ensure all legal formalities are followed and facilitate smooth corporate transactions. Board Support: PCSs assist boards of directors in organizing and conducting board meetings, maintaining minutes, and ensuring compliance with procedural requirements. They also facilitate communication between board members and management. Corporate Compliance Reporting: PCSs are responsible for preparing and filing various statutory returns and reports with regulatory authorities. This includes annual reports, financial statements, and disclosures as required by law. Advisory Services: They provide strategic advice to companies on matters related to corporate governance, compliance, risk management, and business ethics. PCS professionals help companies navigate complex regulatory environments and mitigate risks effectively. Practicing Company Secretaries play a crucial role in promoting good governance, ensuring legal compliance, and enhancing transparency in corporate operations. Their expertise is essential for the smooth functioning and sustainable growth of businesses in the country.

ASX-listed? Tackling compliance and governance can be daunting. Good news: A Company Secretary can be your compass in the complex world of ASX regulations. Why a Company Secretary? - Expertise in ASX Compliance: Navigate the legal landscape with ease. - Strategic Advisory: Align governance with your business goals. - Risk Mitigation: Protect against compliance pitfalls and reputational risks. - Operational Freedom: Focus on what you do best while we handle the governance. Dive Deeper into the Role of Company Secretaries: https://hubs.ly/Q02s1lyS0 #ASXListed #CorporateGovernance #CompanySecretary #ComplianceMadeEasy

ASX-listed? Tackling compliance and governance can be daunting. Good news: A Company Secretary can be your compass in the complex world of ASX regulations. Why a Company Secretary? - Expertise in ASX Compliance: Navigate the legal landscape with ease. - Strategic Advisory: Align governance with your business goals. - Risk Mitigation: Protect against compliance pitfalls and reputational risks. - Operational Freedom: Focus on what you do best while we handle the governance. Dive Deeper into the Role of Company Secretaries: https://sowo.kr/oxPenezf