Your Board of Directors stands as the guiding force behind your company's vision and strategy. It should encompass a diverse blend of expertise, experience, and vision.
Directors' Service Agreements
Employment contracts for executive directors are commonly known as service contracts.
At MBM Commercial, our team of expert Employment Law Solicitors and HR Advisers will work collaboratively with you to ensure that your director’s service agreement is comprehensively drafted, and addresses the key issues associated with the position and the accompanying duties and responsibilities.
Our team of experienced solicitors and HR Advisers are on hand to provide clear and practical advice regarding any aspect of these service agreements. We can draft an agreement bespoke to your specific requirements, and highlight the implications of important aspects of an agreement and negotiate the terms of a service contract with the other party on your behalf. We provide an all-encompassing legal service to ensure your best interests are represented and maintained.
Key Considerations about Directors’ Contracts
When evaluating the effectiveness of a board of directors, there are several key factors to consider:
- Expertise: Look for a diverse range of skills and experiences among board members, ensuring that they possess the knowledge needed to navigate complex challenges and opportunities.
- Independence: Assess the independence of board members to ensure impartial decision-making and effective oversight.
- Transparency: Seek transparency in governance practices, including clear communication channels between the board, management, and shareholders.
- Engagement: Evaluate the level of engagement and commitment demonstrated by board members, as active participation is essential for effective governance.
- Alignment: Ensure alignment between the interests of the board, management, and shareholders, promoting accountability and sustainable value creation.
Executive directors have significant powers and responsibility for numerous aspects of a company's business, and it is for this reason that it is fundamental that a director’s rights and duties are correctly specified and agreed in legally binding document.
At MBM Commercial, our team of expert Employment Law Solicitors will advise on the most appropriate and important provisions to be included in your executive director’s service agreement and provide a comprehensively drafted contract bespoke to your particular circumstances. We will work hard to understand the unique issues affecting you as an individual and work with you to identify the safeguards you will require to be included in a service agreement.
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Our Holistic HR service offers employers a retainer package that provides you with specialist employment law advice at a fixed cost - without the uncertainty and worry of escalating or unknown fees. You’ll get responsive and bespoke HR advice for your business delivered in an understanding and friendly way. It’s like having an on-demand employment law team at your fingertips.