Another in the “newbies” series: It obviously depends on the size and culture of each company, but most larger companies will have a half-dozen or so staffers in the corporate secretary’s department, whereas a smaller company likely only has one or two staffers.
In general, the size of the corporate secretary’s department has grown over the years as the responsibilities have grown immensely – and the position is garnering the type of respect it deserves. Still, it’s often not seen as a “profit center” as most compliance departments are not. If the corporate secretary’s department is tasked with some of the fast-growing ESG responsibilities that companies now have, we can expect these departments to be adding staff in the near-term…