Is a company secretary permitted to be a company director of any company?
Written by Dr. Adv. Leigh Hefer & Jayne Hunter-Rhys. COMPANY SECRETARY’S HANDBOOK (2021). Published by Genesis Corporate Services.
Recommended Practice 96 of Principle 10 of the King IV Code on Corporate Governance™ recommends that the company secretary or other professional providing corporate governance services should have unfettered access to the board of directors but, for reasons of independence, should maintain an arms-length relationship with the board of directors and its members.
Accordingly, Recommended Practice 96 of Principle 10 recommends that the company secretary should not be a member of the board of directors.
Source: Recommended Practice 96 of Principle 10: Appointment and Delegation to Management – The King IV Code on Corporate Governance™. © The Institute of Directors in Southern Africa (IoDSA)
Hard copy and E-Book Publications for the Professionals, Company Secretaries, Company Directors and Prescribed Officers, Members of CCs, Business Owners, Lecturers and Students on various business, compliance and legislative topics.
Recommended Practice 96 of Principle 10 of the King IV Code on Corporate Governance™ recommends that the company secretary or other professional providing corporate governance services should have unfettered access to the board of directors but, for reasons of independence, should maintain an arms-length relationship with the board of directors and its members.
Accordingly, Recommended Practice 96 of Principle 10 recommends that the company secretary should not be a member of the board of directors.
Source: Recommended Practice 96 of Principle 10: Appointment and Delegation to Management – The King IV Code on Corporate Governance™. © The Institute of Directors in Southern Africa (IoDSA)
Hard copy and E-Book Publications for the Professionals, Company Secretaries, Company Directors and Prescribed Officers, Members of CCs, Business Owners, Lecturers and Students on various business, compliance and legislative topics.
Updated on: 23/05/2023
Thank you!