What do you think of when Thailand comes to mind? Definitely, it has to be related to travel and shopping.
But, these days, Thailand is no longer just a vacation destination. This country’s fast-growing economy and continuous efforts to improve its corporate laws is now a great destination for both local and offshore businesses. In fact, a new law was passed recently to support the $45 billion government project, which will develop Thailand’s Eastern Economic Corridor [Reuters]. As a result, many aspiring entrepreneurs and foreign investors expand their business operations in this jurisdiction.

Additionally, constant changes in Thailand’s corporate guidelines were also implemented as part of the new law. As a result, corporate guidelines like filling up of statutory files and ensuring compliance obligations are under relevant laws. Therefore, it would be ideal to get the right corporate secretary to assist with these responsibilities.

So, if you are exploring a business venture in this country, understand why you would consider hiring a corporate secretary or seeking an alternative option for employing professional corporate secretarial services.

Duties of a Corporate Secretary in Thailand-based Companies

Thailand has updated its corporate guidelines to promote a more competitive business environment for foreign-owned companies. As a result, the new policies will affect how a foreign-owned business operates. Entrepreneurs and shareholders need to decide on how to steer the company in the right direction.

But, these key people often have busy schedules and limited free time. That is why it would be ideal to hire a company secretary who can efficiently organise company shareholder meetings. He or she also must ensure that these meetings agenda are met. Company secretaries also serve other vital roles such as an acting liaison officer and as the keeper of company documents.

Potential candidates must possess the right skills and knowledge for this important potion.

3 Qualities of an Effective Corporate Secretary

Company secretaries play an important role in the company. They can help delegate tasks, create efficient timetables, and assume a corporate governance role when necessary.

Here are the 3 qualities to look for in a candidate for the corporate secretary position.

Precise Decision-Making Skills

There are times when the company secretary must assume a corporate leader’s role. They must solve certain issues which may arise in the company. Therefore, the person hired for this position must have corporate governance experience and exemplary decision-making skills.

Efficient Management Skills

One of the company secretary’s primary role is to set-up company board meetings. He or she must be able to plan these meeting several months ahead of time to avoid schedule conflicts. That is why potential candidates must possess the necessary management skills.

Knowledge about Thailand’s Corporate Laws

A Company Secretary may be asked to handle the company’s legal procedures. That is why he or she must be updated with the latest changes in Thailand’s corporate policies. This is to ensure that all of the company’s statutory requirements are met.

An Alternative Solution to Hiring Corporate Secretary

After understanding how to better qualify a corporate secretary before hiring them, it can still be a challenge when it comes to requiring a period of time to find the right candidate.

Thus, corporate service agencies are also another means to solve your secretarial needs immediately.

References:

Thailand Raises 2018 GDP to 4.2 Percent, financialtribune.com

Thailand approves a law for $45 billion Eastern Economic Corridor, af.reuters.com