With the introduction of Sarbanes-Oxley several years ago and the ongoing changes in the legal environment the need for companies to implement rigorous internal controls and ensure effective management of legal entities is greater than ever. Even though Sarbanes-Oxley is U legislation it has had knock on effects on legislation internationally. Legal compliance has become one of the major challenges facing companies and can be an onerous responsibility for their directors.

Furthermore, company CEOs and directors are under increasing pressure due to changing legislative requirements governing the administration of their companies. Keeping up to date and compliant with legislation is a more complex and time consuming task than ever before, and most company official don’t have the time to do this thoroughly, even though failure to comply with statutory obligations can have potentially severe legal consequences for the company and its shareholders and directors.

Company Secretarial Services can help ease your administrative burden and allow you to focus on running your business, all while remaining legally compliant yet most small businesses can’t afford a full time company secretary.

Interesting to know: Sarbanes-Oxley (Accounting 101)

Sarbanes-Oxley was introduced in the US after the failure of enormous companies such as ENRON to force stricter accounting and accountability of company operations and to combat money laundering.