Business Law Directors & Executives Service Contracts The terms on which directors and executives are employed often come under close examination. Companies and their shareholders need carefully drafted service agreements, which regulating a directors’ terms of appointment or that of executives. The Companies Act is the starting point and tax efficiency and the demands of the Inland Revenue must also be considered often in conjunction with accountants. Executive directors are usually employees of a company so this has implications in respect of both employment and equal opportunities legislation. Case law, has also affected the ways that directors are employed and paid. Baron Grey can draft and negotiate executives and directors service agreements and will guide you through the process. If you need advice, ring us on 020 8891 4311. Directors Contracts & Duties At Baron Grey, our solicitors regularly supply advice to directors on their duties, rights and obligations as shareholders in limited companies. A director is usually both an employee and an officeholder, and as a result it is often preferable for the terms of employment to be clearly established in a written service agreement. If the director is an independent contractor, this can be achieved with a consultancy agreement. It is important that all directors of companies properly understand their duties under Companies Acts, common law, and other legislation. Consulting Adams can ensure that you are kept fully informed and up-to-date. | 