There are situations in which you might not be completely satisfied with the services you are getting from your existing company secretary in Malaysia. In this case, changing your company secretary should not be difficult if you are familiar with the rules and regulations associated with hiring and replacing the company secretary.
The Companies Act makes it compulsory for every company in Malaysia to appoint at least one company secretary to fulfil various company responsibilities. It is quite common for companies in Malaysia to change their company secretary.
In general, here are some of the common reasons why companies should consider changing their company secretary:
- The company secretary is not providing documents like meeting agendas in a timely manner.
- The company’s directors and stakeholders are not being reminded about the deadlines of different agendas and tasks.
- The company secretary is providing inaccurate or unreliable advice.
- The company is paying too much service fees for substandard services.
The following are some of the important factors that you should consider while changing the company secretary: