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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Tuesday 13th October 2020
Redundancies – Do’s and Dont’s
With a number of sectors hit by the current economic downturn we are now starting to see a number of businesses look to reduce cost by reducing staff numbers. The majority of businesses making staff cuts have seen a genuine downturn in business, and as a result have genuine redundancy situations. It is still however important that any redundancy process …
Sunday 28th June 2020
Ready for Flexible Furlough?
What is flexible furlough? From 1st July, you’ll have the flexibility to bring previously furloughed employees back to work part time, you can decide the hours and shift patterns they work to suit the needs of your business – you’ll pay their wages for the time they’re in work and can apply for a scheme grant to cover any of their normal …