WHAT’S IT ABOUT ?
A CS ensures a company’s legal and regulatory compliance. S/he has to guide the board of the company on governance issues with respect to shareholders’ meetings, meetings of directors, establish a link between the board and stakeholders. S/he also identifies gaps in the company’s and global governance practices
9:30 am: The AGM is coming up and the company is going to give dividends. So, coordinate with banks, registrar of companies, RBI, regulators, stock exchanges
1 pm: Lunch
2 pm: Complete the agenda for the upcoming quarterly board meeting. Make presentations on the dividends issue
5 pm: Prepare shareholding patterns to be filed with the stock exchange
6 pm: Prepare the annual performance report of the company’s foreign subsidiary, to be filed with RBI
6:30 pm: Set up a meeting with the team doing the quarterly internal audit. Explain a particular recording in the last board meeting minutes
7 pm: Rush home
- In the wake of the economic slowdown, a fresh CS’s annual salary is 3 lakh-Rs. 4 lakh on average.
- CSs with four-five years of experience make 25 lakh to Rs. 1 crore a year in Fortune 500 Companies, as per ICSI figures
- Good communication skills (both written and spoken English)
- Analytical and decision-making ability
- Facility with numbers
HOW DO I GET THERE ?
The Institute of Company Secretaries of India (ICSI) manages and conducts the CS programme in the country. Afer 10+2 in science, commerce or arts, excluding fine arts, you can enroll for the CS Programme conducted through distance mode in three stages: Foundation, executive and professional. Graduates in any discipline except fine arts need to do only the last two levels. After the executive or professional course, one completes 16 months of training in a company or under a practicing CS. Those with specified work experience can take partial or full waiver from the training. More on icsi.edu
INSTITUTES & URLS
- Indira Gandhi National Open University offers a special BCom programme with a major in corporate affairs and administration plus it also offers MCom with specialization in business policy and communication for ICSI students and members, ignou.ac.in
PROS AND CONS
- Opportunity to work with company’s top management
- Exposure to various external agencies and regulators
- You get an extensive view of legal matters along with taxation, finance and general management
- Not many people aware of a CS’s role, unlike a doctor or teacher’s profile