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Corporate Governance and Company Secretarial Practice.
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
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Corporate Governance and Company Secretarial Practice 06 May 2007 The History of the Company Secretary Introduction The role of the company secretary can be traced through history with the development of company regulation and legislation. History of Business Enterprise Major changes in the development of business enterprise within England can be traced back to the 11th Century (see appendix 1). Medieval England underwent a transformation from a largely agricultural base with ancillary trades (carpentry, farrier), to a semi-industrialised nation in the late 18th Century, with the formation of industrial enterprises. The first type of legislative business regulation and 'governance' was provided by the Guilds in the 12th and 13th Century. Guilds regulated the local market, looking after the rights of individual members and ensuring fair trade and protecting the public by regulating standards. Great 'merchants' emerged in the 16th and 17th Century whose role was that of trader, manufacturer and banker. These 'providers of capital',...
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