Monday, October 28, 2019

Why Having a Company Secretary in a Dutch Business is Important?

In the past few years, company secretaries are being increasingly involved in governance responsibilities apart from their traditional tasks. Although it is not a legal requirement for the companies in Holland to employ a company secretary, it completely depends on the company’s internal regulations. Their presence ensures that all the requirements and regulations are complied with the authorities. Company secretary also helps in solving any legal issues which form the foundation of your business in Holland. Their role depends based on the size of the company, however, there are some general responsibilities which they have to undertake no matter how big or small the company is.

The role of company secretary in your business:

1. Company secretaries advise the board of directors on the matters regarding corporate governance and also about their duties which include dealing with guidelines, any conflicts of interests, managing the interest of shareholders etc.

2. They also help in keeping and maintaining certain statutory registers like minutes of meetings and resolutions, register of directors, members etc. and also maintain company’s records like accountancy and tax records or any other statutory compliance records.

3. They are also responsible for organising any board or general meetings, complying with the notice requirements and updating the records for your business in Holland.

Company secretaries are also known as the company’s internal housekeepers. They maintain and update all the records and ensure that the businesses comply with all the necessary regulations in Holland. In addition, there are certain obligations which the companies are required to fulfill. Although it is not mandatory for the companies in Holland to appoint a company secretary, having one will ensure that all these obligations are met in a timely manner. Finally, the decision is yours whether to employ one or not. Make it wisely after taking a thorough stock of the situation.

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