Streamlining corporate compliance: a Q&A with our Corporate Services Director

In today's business environment, managing company secretarial duties and compliance is a significant requirement, and it can be particularly taxing for growing businesses lacking the necessary resources or expertise in house. Outsourcing company secretarial (CoSec) services to an expert provider ensures that businesses meet their statutory obligations seamlessly without the administrative burden. Our newly enhanced CoSec services are designed to alleviate these pressures by offering packaged governance and compliance solutions for a range of business models.

Corporate Services Director, Joshua Gallienne, explains how these services can transform your company's administrative challenges into a strategic advantage.

What are the new packaged CoSec services launched by Praxis?

We are excited to have rolled out our rebooted CoSec services, which are designed to support businesses at every stage of their journey. Whether you are just starting out or are managing a complex global structure, we have a solution. Our range spans from CoSec LITE, a straightforward, essential governance package, to CoSec Classic, which offers a more comprehensive range of services, and we also offer bespoke solutions for more sophisticated needs. It’s all about providing the right level of support so that our clients can focus on what they do best.

What are some of the common compliance and governance challenges businesses face?

We often talk to businesses that are struggling with the extensive time commitments required to ensure full compliance and governance and this can be daunting for those without specialised in-house expertise. Added to this is the high costs associated with establishing and maintaining robust compliance and systems.

At Praxis, our CoSec services are designed to tackle these issues. We provide effective management of compliance tasks leveraging our expertise and technology, bridging any skill gaps that businesses may have and significantly reduce staff resource costs.

How do Praxis’ CoSec solutions help businesses to be more efficient?

Time is a resource, and we aim to give you more of it. Outsourcing CoSec services allows clients to focus on their core business while we handle the complexities of corporate governance and compliance. Our specialised expertise and advanced tools like the Diligent platform ensure professional management, enhanced efficiency, and resilient security. This is especially beneficial for firms operating across multiple jurisdictions, as we provide localised knowledge to understand the diverse regulatory landscapes. Partnering with us means having a dedicated team that extends your own, committed to strengthening and protecting your operations.

What are the key benefits for a company using Praxis’ CoSec services?

First, operational integrity - our services ensure that governance processes are robust and transparent. Second, reduced risks - we support you through the regulatory landscape, which minimises potential financial and reputational risks. Finally, we bring a level of technical expertise and strategic support that is hard to build in-house without significant investment. Our clients find that our support not only keeps them compliant but also strategically agile.

Can you tell us more about the technology behind the CoSec services?

Leveraging the Diligent platform, a leader in governance and compliance software, significantly enhances the effectiveness of our CoSec services. Diligent is known for its security features and intuitive interface, which support secure management and storage of crucial governance data. This technology allows us to provide our clients with real-time updates, secure communication channels for boards, and efficient board pack management. By incorporating such advanced technology, we ensure that our clients are equipped with the latest digital compliance solutions.

What is the key takeaway about Praxis' CoSec services?

It is essential to recognise that these services are more than just a compliance checkbox; empowering businesses with effective governance and strategic compliance is our goal. With our CoSec services, it’s not just about meeting basic requirements; it’s about setting the foundation for sustained success and growth.

How can interested businesses find out more about Praxis’s CoSec services?

Getting started is easy. Visit our CoSec page for detailed information on our packages and then drop us a line via email, contact forms, or by phone. We offer consultations to ensure that our services are tailored to meet the specific needs of each client.

Contact Joshua or Ava directly to schedule a personalised consultation and learn more about our CoSec offering.

Please note that this article is intended to provide a general overview of the matters to which it relates. It is not intended as professional advice and should not be relied upon as such. Any engagement in respect of our professional services is subject to our standard terms and conditions of business and the provision of all necessary due diligence. © Praxis 2023