Eversheds International
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Employment Disputes
Senior executive severance
The challenge for employers
"In these days of high rewards for senior executives, exacting standards of corporate behaviour, and the volatility of the share markets, it is essential that an employer seeking to remove a senior employee has access to appropriate advice in order to avoid taking action that may damage the business. At the same time, it is important to have a lawyer who is of sufficient seniority and expertise. The executive's representative will automatically be looking for telephone number figures. Board members must believe they are getting the appropriate level of support to ensure the best outcome."
Peter Norbury, Partner
How we can help
Given the nature of the work in question, there are very few solicitors in the UK who have the relevant experience and expertise to provide support to companies faced with these challenges. In the Eversheds team, we have a number of senior lawyers who can provide support and have done so for a number of major FTSE 100 and FTSE 250 companies.
Guidance
Some issues that are as important as the director's contract:
- remember the role of the Remuneration Committee
- remember the Stock Exchange Rules to prevent insider trading
- remember the PR aspects.
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