The Evolving Role of a Company Secretary in Malaysia’s Modern Business Landscape
Sharija Che Shaari1, Ida Shafinaz Mohamed Kamil2, Junaidah Zeno3.
The role of the company secretary in Malaysia has undergone significant transformations over
the years. This article delves into the dynamic character of the company secretary's function,
historically viewed as a clerical position, today plays a critical part in maintaining legal
compliance, transparent discourse, technological advancements alongside effective corporate
governance within modern business landscape. It is the aim of this article to explore the
changing responsibilities of a company secretary in the context of modern business practices.
The methodology deployed in this study is known as a doctrinal study which is common among
the legal fraternity. A thorough an examination of relevant statutes, regulations, court
decisions, and scholarly literature is carried out to explore the changing environment of the
company secretary's profession and its consequences upon modern corporate governance in
Malaysia. This study also analyses how these changes may affect Malaysia's corporate
governance, accountability, and sustainable modern business landscape. It is found that the
current company secretary plays multiple roles in ensuring compliance and adhering to
corporate governance. The Companies Act 2016 imposes heavier legal penalty upon a
company secretary who has breached his legal duties. Therefore, a company secretary must be
a person of integrity having a strong character. In sum, this article highlights the significance
of this evolution in promoting organisational transparency and accountability which is vital in
modern business landscape.
Affiliation:
- Faculty of Business, Economics and Accountancy, Universiti Malaysia Sabah (UMS), 88400 Kota Kinabalu, Sabah, Malaysia
- Faculty of Business, Economics and Accountancy, Universiti Malaysia Sabah (UMS), 88400 Kota Kinabalu, Sabah, Malaysia
- Faculty of Business, Economics and Accountancy, Universiti Malaysia Sabah (UMS), 88400 Kota Kinabalu, Sabah, Malaysia
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