+27 31 765 4989 / 5911 / 2491

info@hicorp.co.za

Our Duties

The duties and responsibilities of a Company Secretary are set out in S88 of the Companies Act No. 71 of 2008 and in the King Code of Governance in South Africa – 2009 (“King III”).

The duties set out below are the most common duties we have undertaken in our role as outsourced Company Secretary to our existing clients:

All Companies

1. Appointment as Company Secretary

Accepting appointment as Company Secretary in terms of Section 84 of the Companies Act.


2. Compliance

Ensuring the company is compliant with its Memorandum of Incorporation, the current Companies Act and with the current King Code of Corporate Practices (“the King Code”).


3. Legislation

Keeping abreast of current and new legislation and making directors aware of legislation which will have an impact on the company and its activities.


4. Availability

  • Being available when needed to
  • Give advice to directors on matters relating to their duties or to best practice in terms of good corporate governance;
  • To attend to tasks as required; and
  • Do research or to provide advice and information when needed on matters related to the
  • Companies Act, JSE Listings Requirements and the King Code.

5. Statutory secretarial

Maintenance of the statutory secretarial records of the company and its subsidiaries, and preparation and filing of any returns required to be lodged with the Companies & Intellectual Property Commission (“CIPC”).


6. Directors’ Meetings

Attending all Board and Board committee meetings and strategy sessions, preparing the agenda and other board papers for such meetings, and writing up the minutes.


7. Shareholder Meetings

Preparing a Notice of General Meeting, or Annual General Meeting and circulating it to all shareholders within the time frames set down in the Companies Act. Attending all shareholder meetings. Preparing a schedule of proxy forms and letters of representation, the attendance register, Chairman’s Agenda and ensuring on the day that a quorum is present and that shareholders attending have the necessary authority to vote. Writing up the minutes after the meeting and drafting a SENS announcement.


8. Board Resolutions

Drawing up round robin resolutions when required, circulating to directors and monitoring responses. Providing certified true copies once the resolution has been signed.


9. Board Timetable

Preparation of the annual board timetable of all board, committee and general meetings for the year ahead.


10. Corporate governance templates

Providing examples of:

  • Terms of reference for committees;
  • Policy on nominations for appointment to the Board;
  • Board Charters;
  • Code of Ethics;
  • Delegation of Authority;
  • Policy on share dealing;
  • Risk Matrix and heat map;
  • Adapting same to suit the purposes of the company.

11. Appointment of Directors

When new directors are appointed ensuring that company policy in this regard is followed; that the necessary legislative returns are completed and submitted or lodged, inducting the new directors into his/her role and responsibilities, if required and ensuring that he/she receives induction in the business of the company.


12. Directors’ Declarations of Interests

Ensuring that directors update their Declarations of Interest annually and declare their interest in contracts when they have such an interest.


13. Risk Management

Creating awareness of the importance of good risk management and giving advice on implementing a risk monitoring process.


Additional Duties for Listed Companies


14. JSE Compliance

Ensuring that the company complies with the requirements of JSE Limited as set out in the JSE Listings Requirements.


15. Shareholder listings

Monitoring monthly shareholders listings of listed clients, comparing movements month to month, checking director and strategic shareholder movements and dealing with situations where deals have been done and not reported.


16. Directors’ share dealings

Ensuring that directors are aware of the requirements of the JSE Listings Regulations in this regard and co-ordinating purchases and sales of shares by directors of the company and subsidiary companies, making sure that the necessary permission to deal is obtained, and drafting SENS announcements.


17. Closed periods

Advising directors and directors of subsidiary companies by e-mail at the start of closed periods.

17.1 Liaising with the Designated Advisors or Sponsors and assisting with the preparation of announcements and corporate actions; checking of drafts and printers proofs prior to release.

17.2 Preparation of applications to the JSE for listing or de-listing of the company’s shares and ensuring that the necessary returns are lodged with Cipro.


18. Announcements and corporate actions


19. Annual Report

Preparing all the non-financial sections of the Annual Report, checking drafts and proofs and, if required, co-ordinating amendments between the directors, auditors and ourselves, and submitting copy and amended proofs to the printers. Certifying in the annual financial statements that the company has lodged with the Registrar all such returns as are required of a public company in terms of the current Companies Act and that all such returns are true, correct and up to date.


20. Listing

Where a company has not yet listed, assisting with the preparation of the prospectus and with checking the drafts and printers proofs. We also ensure that the company’s statutory records are in order and that good corporate governance practices are set up prior to listing.

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Role of a Company Secretary

Role of a Company Secretary

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The Services We Offer

The Services We Offer

Whilst the statutory duties of a Company Secretary are laid down in Section 88 of the Companies Act of 2008, as Company Secretary on an outsourced basis we ...

Our Executive Team

Our Executive Team

Jenny Lupton, FCIS, M.Inst.D Jenny is a Chartered Secretary, a Member of the Institute of Directors and founder of Highway Corporate Services (Pty) Ltd. ...

Our Duties

Our Duties

The duties and responsibilities of a Company Secretary are set out in S88 of the Companies Act No. 71 of 2008 and in the King Code of Governance in South ...

HIGHWAY CORPORATE SERVICES IS LOCATED AT:

14 Hillcrest Office Park

2 Old Main Road,

Hillcrest,

KwaZulu-Natal, 3610.

+27 31 765 4989 / 5911 / 2491

info@hicorp.co.za

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