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Directors and Key Managerial Personnel of a Company — Secretarial Practice STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsSecretarial PracticeDirectors and Key Managerial Personnel of a Company4 Marks
Question
State the importance of Secretarial Audit?
✓

Answer

Importance of Secretarial Audit:
  • It provides a mechanism that monitors the compliance requirements.
  • It detects errors and mistakes in compliance with companies’ rules and regulations mechanism.
  • It prevents the company from the risk and losses due to non-compliance.
  • It builds the confidence of regulators, management, and stakeholders.
  • Investors feel relaxed that the company is following a disciplined approach towards management.

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