Company secretary

Maintaining acc records, corresponding wit legal advisers, tax authority

Arrange meeting SH & BOD

Communicating the dec staff & advise board abt regulatory & legal responsibilities &duties

Signing, authentication , maintenance of doc & register

General admin duties

Include -give notice of meeting, - issue agenda in advance, -attend meeting, -ensure proper proc followed, drafting & circulating the min

Responsible -completing & signing annual return & -deliver various other statutory doc include annual a/c & maintain statutory register

Act as general admin& head office mgr tasks include: -ensure compliance wit co constitution, regulatory requirement --- listing rules

Stakeholder

Instrumental view

Normative view

Mainly economic & legal responsibilities

Moral duties towards stk hdr Existence of ethical & philanthropic responsibilities + economic, legal responsibilities

Maximizing profits, gaining mkt share, meet legal / stock exchange requirement

Narrow & wide

Narrow =those most affected by org strategy Wide =those less affected by org strategy

Primary & secondary Voluntary & involuntary

primary=whose without whose participation, org Voluntary = those who engage wit org of their own free will cant continue as GC & choice Involuntary =those whose involvement wit org imposed Known & unknown & who cannot themselves choose to withdraw Secondary=those whose loss of participation wont Known =whose existence is known to org affect co continue existence Classification Unknown =whose existence is unknown

Direct & indirect Int & ext Legitimate & illegitimate

Legitimate = those who has valid claim upon org Illegitimate =those whose claim upon org are nt valid Direct=those who know they can affect/be affected Indirect=those are unaware of claim they have on org & cannot express claim directly

Active & passive

active=those who seek to participate in the org activities passive=those who do nt seek to participate in policy making

Recognized & unrecognized

recognized =those whose int &views consider whn decide strategy Unrecognized=those whose claim nt take into acc in org DM

Stakeholder map
LOW

level of int HIGH Stakeholder mapping =assess the significant of stkhdr

LOW

Key player

Kept satisfied

HIGH

Kept informed

Minimal effort

Diff to measure each stkhdr power & int

Not static

Problems

Map based on strategic positioning rather than ethics concern

If no of key player, their view may conflict

Agency

Agency relationship

Agency problems

Agency costs

How to resolve

1. Profit related /economic value added pay -pay/ bonus related to the size of profit or economic value added 2. Rewarding mgr with shares -whn private co goes public; mgt are invite to subscribe share in the co at attractive offer price. In a mgt buy out or buy in--(involve existing mgr purchase the biz) mgr become joint owner mgr 3. ESOS -in share option scheme, selected ee are given a no of share option , each of which give the holder the right after a certain date to subscribe for shares in the co at fixed price -

Consequences of poor reputation: