Challenges faced by Company Secretaries during Covid19 and
Challenges faced by Company Secretaries during Covid-19 and Lockdown period An analysis by Akshaya Rengan
Loss of Office Culture The Lockdown kept professionals centered far from office cubicles, in space of their own. These spaces remind us of dissimilarities across the spectrum and a loss of equal pedestal that office culture offers. ➔ Digital Divide Professionals had to make sure that all their staff are well equipped with High Speed. Internet Connectivity along with essential gadgets. ➔ Office rent and expenses While location of work changed, fixed costs such as office rent remained same which acted like an unnecessary cash outflow when the resources were already meagre. ➔ Stationary, Printouts, Stamps, Digital Signatures Minor issues like availability of stamps and stationary occupied center stage since they weren’t easily procurable during lockdown. Ensuring centralised control of digital signatures was a primary concern as well.
Change in Payment Cycles and a halt on Hiring ❖ Scanty resources at one’s disposal meant that there was a drastic change in payment cycle with mutual understanding amongst vendor and buyers. ❖ Lockdown also meant a decrease in traineeship and an absence of learning and interactive sessions
Work - Life Imbalance The usual 9 to 5 hustle was replaced by inappropriate sleep patterns, a decrease in outside leisure activities that earlier acted as stress busters and a creation of work space within the home environment. Balance became a myth Pandemic hit the livelihood of various working woman who crossed societal barriers to finally occupy the positions they did, only to be sacrificed at the altar of lockdown hit family life…. One had to incorporate roles of a professional, a teacher, a cook, a househelp, a parent, all at once in real time!
Conduction of Virtual AGMs
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