Frequently Asked Questions

What are the top challenges company secretaries face today?

Company secretaries face several challenges in today’s dynamic governance environment. One significant challenge is keeping up with evolving regulations, such as changes to the Corporations Act, ASX Listing Rules, and ESG reporting requirements. Staying informed and ensuring compliance across all areas is critical but can be complex.

Another challenge is managing increasing stakeholder expectations. Shareholders, regulators, and investors demand greater transparency, especially around ESG practices and financial disclosures. Balancing these expectations while maintaining confidentiality is a constant task.

Technology is both a challenge and an opportunity. Company secretaries must adopt new tools for governance, such as board portals and compliance software, while ensuring cybersecurity and data privacy.

For ASX-listed companies, managing continuous disclosure obligations and market-sensitive announcements requires precision and efficiency, with little room for error. The shift to virtual governance, including online AGMs and hybrid meetings, adds another layer of complexity.

Outsourcing certain responsibilities can help alleviate these pressures. Governance experts provide specialised knowledge, streamlined processes, and technological solutions to meet these challenges effectively. By addressing these issues, company secretaries play a vital role in maintaining strong governance and ensuring their companies remain compliant and competitive.