The Institute of Chartered Secretaries & Administrators (ICSA) has called for a blanket ban on finance directors acting as company secretaries and says that greater emphasis should be placed on the directors’ duty to appoint someone with requisite knowledge and experience to the post.
The recommendations form part of the ICSA’s response to the Higgs Review on the role and effectiveness of non-executive directors. The professional body for chartered secretaries argues that the company secretary is usually the only ‘independent’ member of the senior management team and should play a pivotal role in corporate governance and the internal audit function.
