As governance responsibilities increase, companies are creating new positions. Ian Sax talks to corporate secretaries about their changing roles in the governance structure
It’s easy to forget that we’re already years into the Sarbanes-Oxley era of corporate governance. Companies continue to struggle with many of the regulatory changes, including Section 404, which sounds more like code in the penal system – and is viewed as such by many executives. But how these changes have affected the role of the corporate secretary and general counsel has never been quantitatively measured. Until now, that is.
The Society of Corporate Secretaries and Governance Professionals, together with Corporate Secretary, surveyed corporate secretaries, general counsels and other governance professionals to find out how they are adjusting to the new governance, ethics and compliance responsibilities mandated by regulatory changes and other guidelines that set out industry best practices.
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