Boards, have you delegated your Company Secretary responsibilities to a member of staff? Or are you a staff Company Secretary who’s had that work thrust upon them – without understanding the responsibilities or risks?
The landmark Star Entertainment lawsuit has put Company Secretaries into the spotlight this month – and sent a lot of organisations into a panic as a result. But most arts, cultural and non-profit organisations should be alert, but not alarmed.
This month’s ‘and another thing’ vlog addresses the huge gap in our understanding of the legal roles and common responsibilities of Company Secretaries and Public Officers, the risks we create when we delegate some or all of those responsibilities to staff members instead of to our boards, their terrifying potential implications, and what we can do to avoid or address them.
Here’s Part 1:
And Part 2:
Read more
This episode draws from or references:
- ‘Multiple red flags’: ASIC’s court case against Star executives shows the risks of complacency by Elizabeth Sheedy for The Conversation
- Star Entertainment Group judgment: Implications for directors, AICD
- The Board Did Not Know: Governance Lessons from the Star Entertainment Case, Rochelle Hawkins for Moore Australia
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LARSEN | KEYS 
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