Nowadays, the terms on which directors and senior executives are employed are subject to close examination. Companies and shareholders will increasingly require well drafted service agreements, which carefully regulate a directors’ appointment or that of any senior executive. These should demonstrate that pay and benefits have been properly scrutinised.

The Companies Act plays an important role, as does the requirement for tax efficiency and the demands of the Inland Revenue. Executive directors are almost always employees of a business, and this has a number of implications in terms of employment and equal opportunities legislation, as well as case law, which have all affected the ways that directors are engaged and remunerated in recent years.

Adams is experienced at drafting and negotiating executive and directors service agreements, and can guide you through the process cost-effectively and often, at speed. If you are interested in this area or need further advice, contact our expert solicitors based in east London (020 790 2000) or the West End (020 7182 4500) or complete our enquiry form.