your senior executives and directors
Your senior executives and directors make a significant contribution to your business and if one (or several) of them should leave, it will have a significant impact. Of course, you will hope they will part on good terms, but if there is a dispute involved then you will need to be prepared by having contracts of employment, directors service agreements and restrictive covenants in place to protect the business interests.
The departure of a senior executive can be particularly complex because, as well as being an employee, they may also be a shareholder and possibly a director. This adds extra complications because you will be dealing with shareholder agreements and company laws, as well as employment laws.
Acting incorrectly could result in the senior executive taking you to an employment tribunal, and the penalties could be significant. To avoid this risk, it is essential that you have specialist legal advice.
We will provide the expert support you need, and you can trust us to be efficient, practical and dependable.
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Friday 7th May 2021
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