User:CoSec Malaysia/sandbox

What is a Cloud CoSec ?
Cloud Co Sec is a short form for Cloud Company Secretary.

In December 2020, the word Cloud Company Secretary (a.k.a Cloud CoSec) was coined by Boss Boleh. Cloud Co Sec is the beginning of digitalization of Company Secretary within the Regulatory Tech (RegTech) in Malaysia. A Cloud Company Secretary offers the same services such as Incorporation of Company (a.k.a Register Sdn Bhd) and Secretarial services, with the difference of it being focused on self-service as much as possible and the professional Company Secretary to focus more on advisory than administrative works.

History
Traditionally, Company Secretary relies heavily on preparing board resolutions, getting multiple copies printed and delivered to the Directors physically. The copies of Resolution are then circulated amongst the Board of Directors to be signed and finally returned back to the Company Secretary for the Resolution to be passed and officially implemented. The final step is to file it and if need to, update the Government registrar on the changes.

Up until year 2018, the first Digital Company Secretary appeared in Malaysia, turning the service into an online portal where entrepreneurs can access their company documents online and through a mobile app. It was then followed by a couple of Company Secretary firms which starting building websites and categorizing themselves as Digital Company Secretary.