Why isn’t this service more common?

Actually, it is quite common outside the United States, particularly in the United Kingdom and former British colonies. We attribute this to the fact that directors of corporations in those countries can have personal liability under more circumstances than is the case in the United States. As a result, directors in those countries insist that the corporate governance function be handled in strict compliance with all applicable laws. The best way to ensure strict compliance is to have a full-time experienced Company Secretary (as the corporate secretary is called in those countries) or to outsource the function to a professional firm. We believe that this model is becoming more and more appropriate in the United State as directors are increasingly the focus of investigations and lawsuits.


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