The LMA Company Secretarial Forum convened to discuss key developments affecting company secretaries. Members explored the implementation of identity verification requirements under the Economic Crime and Corporate Transparency Act, highlighting practical challenges for UK and international directors, subsidiary filings, and the evolving role of Authorised Corporate Service Providers. The group noted ongoing uncertainty regarding guidance for foreign branches and legal entities with significant control.
A second theme focused on the adoption of artificial intelligence in company secretarial functions. Members shared experiences using AI tools to streamline minute-taking and administrative tasks, while emphasising the importance of human judgement and data security. The forum recognised the need for cultural change to support wider adoption of technology, and invited further questions on AI for future meetings.
Actions included circulating supporting materials to members. All discussions were held under Chatham House rules.