Directors and senior executives negotiating an exit factsheet

Increasingly, organisations are recognising that their most valuable assets are their employees. Productivity, reputation and competitive edge can all be affected by the way a workforce is treated, and by the way an organisation is perceived to be dealing with employment issues and organisational change. 

When new directors or senior executives are taken on, it is therefore important that a service agreement (otherwise known as a contract of service or contract of employment) is entered into, preferably at the start of a director’s employment, and that it is carefully thought out.