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How to protect your company board without fearing the paper work

Corporate Governance

How to protect your company board without fearing the paper work

The unglamorous job is the one that holds the world together.

The blue pen ran out of ink in the middle of the signature and the man in the suit looked at the white paper and he felt a small prick of heat at the back of his neck. It was a Tuesday in Colombo and the fans were spinning in the high ceiling and the room was full of people who were waiting for him to finish the work so they could go to lunch.

He shook the pen and he tried to scratch the name into the page but the line was thin and faint and it looked like a ghost of a name. This was the small failure. It was just a pen and it was just a signature on a page that most people would never read but it was the start of the crack that would eventually break the whole house.

The Champagne Goes Flat

the board chair stood in a room that smelled of expensive flowers and salt air and he held a glass of champagne that cost more than the clerk made in a month. The bubbles were rising and the deal was done and the photos were being taken for the news.

Then his phone buzzed in his pocket and he stepped away from the light to answer it and the voice on the other end was not happy. The voice told him that the resolution they thought was passed was not valid because the record of the meeting was not right and the stamp was missing and the whole deal was now a pile of smoke. The champagne went flat in his hand and he looked at the people laughing in the room and he realized that the boring person in the small office was actually the most powerful person in the building.

I used to think that the job of a company secretary was just a way to keep the files neat and the dates in a row. I thought the real work happened in the big rooms with the loud voices and the clever talk and the maps on the wall. I was wrong and I am happy to say it now because I have seen what happens when you treat the guardrails like they are just decorations.

I once saw a man lose a factory because he thought a filing date was a suggestion and he told the secretary to go home early and he did the work himself and he did it wrong. He thought he was saving time but he was really just building a trap for his own feet.

The Weight of the Clerical Mask

“The clerical label is a mask that people use to hide the weight of the thing they are doing.”

The hidden structural importance of paperwork versus perceived executive action.

The truth is that the clerical label is a mask and it is a mask that people use to hide the weight of the thing they are doing. If you think a job is just typing and filing then you do not have to pay much for it and you do not have to listen to the person who does it. This is a mistake that boards make every day and they make it because they want the world to be simple. They want to believe that the law is a big thing that only happens in court but the law is actually a thousand small pieces of paper that must be in the right order at the right time.

A Century of Vigilance

When a firm handles the work for more than 518 companies across Sri Lanka they see the patterns that other people miss. They see how a small mistake in a shipping office can lead to a big fight in a bank and they see how a missing minute from a meeting can stop a merger in its tracks.

This is the work of D. L. & F. De Saram and they have been doing it since which is a very long time to watch people make the same mistakes. They have seen four generations of families and they have seen the city change and they have seen the way the law grows like a vine around the business of the world.

The company secretary is like a lighthouse keeper and I think about my friend Natasha who used to work the lights on the coast. She told me once that her job was not to watch the ships but to watch the rocks. The ships can take care of themselves when the weather is good and the sea is flat but the rocks are always there and they do not move and they do not care who you are.

The secretary watches the rocks of the law and they watch the rocks of the rules and they make sure the board does not steer the company into the dark. If the light goes out for even one minute then the whole system is in danger but the people on the ships only think about the light when it is gone.

The Tax on Time

We live in a time where everyone wants to move fast and break things and they think that the rules are just blocks in the way of progress. They treat the corporate advisory team like a burden and they try to cut the cost of the compliance and they act like the paperwork is a tax on their time.

But the paperwork is the only thing that proves you own what you say you own and it is the only thing that gives you the right to make the choices you make. When you undervalue the boring stuff you are just deferring the cost of a disaster and that cost always comes with interest.

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50 Pages

The length of a routine document where a single-name error can hide.

1 Clerk

The only person standing between a routine day and a total catastrophe.

I remember a day when the sun was very bright and the air was thick and I sat in an office and watched a clerk find a mistake that three lawyers had missed. It was a small mistake in a name and it was tucked away in a corner of a document that was fifty pages long.

If that mistake had stayed there then the company would have been open to a lawsuit that would have eaten all their profit for the year. The clerk did not want a prize and he did not want a promotion and he just wanted the paper to be right because that was his job. He was the tripwire between a routine day and a catastrophe and nobody in the boardroom even knew his name.

Structural Integrity

The firm in Colombo understands this better than most because they have seen the way the colonial laws and the modern rules rub against each other and create heat. They help the foreign investors who come into the country and they guide the local banks and they make sure the hospitality and the shipping sectors keep moving without hitting the hidden walls.

They do this by treating the secretarial function as a load-bearing wall and they know that if you pull one brick out then the whole ceiling might come down on your head.

The chair watched the champagne go still because the record book was missing a single date.


There is a kind of pride in doing the boring work well and it is a pride that is hard to find in the world today. It is the pride of the craftsman who knows that the back of the cabinet must be as smooth as the front even if nobody ever sees it.

A good company secretary knows that the minutes they write today might be the only thing that saves the board from now and they write them with the care of a poet. They do not do it for the glory and they do not do it for the champagne but they do it because the system only works if the foundation is solid.

I have learned to look for the person who is quiet in the meeting and who is writing everything down and who is checking the clock. That is the person who knows where the bodies are buried and that is the person who knows how to keep you out of the fire.

If you treat them like a clerk then they will eventually stop trying to save you from yourself. But if you treat them like the guardrail they are then you can sleep at night and you can sign your deals and you can drink your champagne without the fear of a phone call in the dark.

The Solid Fact of the World

The history of the firm in Colombo is a history of being the quiet strength behind the big names. They have seen the transition from the old ways to the new and they have kept the 518 companies on the right side of the line.

It is easy to talk about mergers and acquisitions and capital markets and big disputes because those things sound exciting and they make for good stories. But none of those things can happen if the basic work of the company is not done with a high level of skill. You cannot build a skyscraper on a swamp and you cannot build a global business on a messy corporate record.

When the pen ran out of ink at the start of this story it was a warning that the man did not heed. He thought he could just finish the name and move on and he thought the intention was enough.

But the law does not care about your intention and the law only cares about what is written and what is stamped and what is filed. The clerical function is the place where the abstract ideas of the board become the solid facts of the world. It is the bridge between the dream of the business and the reality of the state.

If you are running a company today you should go to the office where the files are kept and you should thank the people who keep them. You should ask them if they have everything they need and you should listen when they tell you that a form is missing or a date is wrong.

They are not trying to slow you down and they are not trying to be difficult and they are just trying to make sure that the door stays locked against the storms that you cannot see yet. They are the lighthouse keepers and they are the only ones who know where the rocks are hiding under the water.

In the end the only thing that matters is that the record is clear and the rules were followed and the signatures are all there in blue ink. You can have the best strategy in the world and the most clever team and the most money but if your secretarial work is weak then you are just waiting for the day when the champagne goes flat.

The unglamorous job is the one that holds the world together and the people who know this are the ones who stay in business for a hundred years or more. They are the ones who understand that the small things are actually the big things and that the boredom is the sound of safety.