Safe Assets Secretary Limited explains our functions
If you’re at a private company, your first question may be, “What the heck IS a transfer agent anyway?” If you type “transfer agent” into a Google search, you’ll get a little info about stock transfer agents, but it will be dwarfed by news stories about the trade and free agency market for English Premier League soccer.
You should know that for our purposes a transfer agent helps companies maintain records of share ownership as well as administering related processes (dividend payments, proxy mailings, etc.). Of course, transfer agents do a lot more than that.
Private companies that have issued stock should explore the options of working with a transfer agent for recordkeeping services, and here’s why:
Even though your company may not be listed on an exchange, and shares may only trade via private sale, you still have many of the same governance needs of a public company:
• You certainly want to have a record of shareholders and their ownership positions and history
• You need to keep track of records for taxes if you pay cash or stock dividends
• You need to manage proxy solicitation and voting if your company holds an annual shareholder meeting
Corporate records must be administered in the best interests of the company, employees, shareholders and prospective new investors. By retaining a trusted independent service provider.
A good transfer agent provides strong data security to protect shareholder records from hackers and other threats. This is an important factor, as both you and your shareholders may want the convenience of having online access to company information and account holdings. Transfer agents are held to rigorous auditing standards by their clients and by regulators to ensure sensitive data remains secure.
This provides an opportunity to provide your shareholders, potential investors and management team with the comfort of knowing that these records are safe.
Founded in 2006, Safe Assets Secretary Limited serves domestic and international public companies, providing complete stock transfer services, paying agent services and escrow agent services with unparalleled customer service.
Today’s marketplace is ever increasingly complex, and as a result, so are the demands of shareholders. In addition, public companies face mounting challenges both operationally and financially due to the impact of communications and technology. To successfully address these challenges, public companies need to be equipped with every available resource in their arsenal. Activities that detract from their core business detract from their ability to face the challenges that confront them.
Safe Asset Secretary Limited
18 Taikoo Shing Road
Taikoo Shing, Hong Kong
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