If you are a senior executive director who requires a review of your service agreement / contract of employment, and/or shareholder’s agreement, or you require help negotiating incentive plans, advice on understanding your legal responsibilities as a director or support with negotiating your departure from the business, do not hesitate to get in touch.
As a senior executive it is likely you have been offered enhanced benefits and incentives to join the Senior Management Team, usually as a statutory director at Companies House under the Companies Act 2006. This may comprise of enhanced salary and pension terms, performance and non-performance related bonuses, share incentives, private medical and health insurance, life assurance, directors and officers insurance and a company car or car allowance. Once an agreement has been signed and you commence work under these terms it can be difficult to amend the terms and any variation requires the agreement of your employer.
To contact one of our employment law specialists regarding any employment law issue, please call the number above or fill out our contact form below and one of our expert solicitors will get back to you.
The General Data Protection Regulations
What do you need to know? The General Data Protection Regulations (‘GDPR’) come in to force on the 25th May 2018 and whilst the Regulations are new, the principles and requirements are not. The GDPR is an overhaul of the Data Protection Act 1998 (‘DPA’), and extends to the processing of personal data of all data subjects in the whole of the EU. Brexit will not prevent businesses from needing to comply with the Regulations. In practice for those businesses that have already been complying fully with the DPA, they should not need to undertake much work to ensure that they are compliant with the GDPR, and will at the very least have the basics in place.
The impact of Brexit on the UK’s Employment Law
As the Nation waits with baited breath to discover what the Government’s strategy for leaving the EU will be, when it will happen and whether it will be a ‘hard’ or ‘soft’ Brexit, many employers are, unsurprisingly, concerned about what the future of employment law will look like. How quickly will it change, what will their obligations be, and what steps will they need to take to ensure compliance?
Employees negligence can amount to gross misconduct
The Court of Appeal recently ruled that a senior manager’s negligence in failing to ensure that a colleague followed company policy could amount to gross misconduct justifying the manager’s summary dismissal.
Do employers care about their employees financial well-being?
A recent study has found that only one in three employees believes their employer cares about their financial wellness.
Need to Sort out Your Finances?
Around 50% of us make a New Year’s Resolution to 'sort out the finances’ but for most of us it's more of a wish than a firm commitment to take action. Looking at the January appointments we’ve had with wealth management clients here are the topics that we’ve discussed most often. If you’re determined to sort out your finances, these may give you some food for thought.