Frequently Asked Questions
What’s the difference between an in-house and outsourced company secretary?
The main difference between an in-house and outsourced company secretary is how they’re hired and the scope of their involvement. An in-house company secretary is a full-time employee embedded within the company. They handle ongoing governance, compliance, and board support. This can be beneficial for larger organisations needing constant, hands-on assistance.
An outsourced company secretary, on the other hand, is a professional hired through a service provider to handle governance tasks as needed. Outsourcing is more flexible and cost-effective, especially for small to mid-sized companies or ASX-listed entities with fluctuating needs. You only pay for the services you require, whether it’s preparing a Notice of Meeting, managing ASIC filings, or overseeing an AGM.
Outsourcing also gives you access to a team of governance experts who bring a wealth of experience across different industries. They use specialised tools and stay up-to-date with regulatory changes, ensuring compliance and reducing risk.
The choice depends on your business’s size and needs. If you require full-time, on-site support, in-house might be better. But if you want flexible, on-demand expertise, outsourcing is the way to go. Both options ensure your governance and compliance requirements are met.