How to dismiss a company director
If the decision has been made to dismiss a director, the company must ensure the termination is conducted lawfully. Dismissing a company directory can potentially raise a number of issues, and the exit can quickly become contentious if not handled correctly. Company directors have certain rights and responsibilities, over and above those of employees and workers. Many […]
Directors’ conflict of interest: how to comply
Directors operate under a number of duties as prescribed by law. In particular, directors must take positive actions in respect of any potential or actual conflict of interest. This duty is placed on the individual director and not the company. Failure to comply can lead to serious consequences, including criminal proceedings. Broadly speaking, there are […]
Directors’ remuneration: best practice guide
Directors’ remuneration refers to how directors of a company are compensated by a company for their services usually fees, salary, use of company property or other benefits. The packages are first approved by shareholders and the board of directors. A number of regulations apply to how directors can be compensated, as well as best practices which […]
Directors’ service agreement: protect your business
Directors have specific statutory duties and responsibilities in relation to the organisation, which should be addressed within a directors’ service agreement. More than a compliance requirement, the agreement can also be used by the business to protect its interests in the event of the director’s exit. What is a directors’ service agreement? In many cases, […]
