Specialist legal advice for senior executives
Senior employees and directors of companies are often highly paid executives with a wide ranging package of benefits and frequently share options. They may also be subject to aspects of Company law legislation which may require particular attention to be paid to their terms and conditions. Specialist advice is sometimes required from a Company law perspective in dealing with Senior Executives/Directors.
Expert knowledge is required when undertaking aspects of corporate governance (the management of the Company) and the statutory obligations under the Companies Acts, especially when the Company involved is a PLC or AIM Company. Additionally, there are certain specific obligations binding on Directors and non-executive Directors which need to be considered when dealing with matters at board level.
A Senior Executive is often granted benefits that require specialist company/tax advice. By way of an example, bonus schemes which involve specific financial and performance targets need to be carefully drafted.
Where the Company is considering granting shares to a Senior Executive/Director, a shareholder’s agreement will be needed to regulate the rights and responsibilities of the respective parties.
Finally, share option schemes are often used as a way of motivating key employees. This may either be an individual or group scheme including EMI schemes. Specialists in our Company Department can advise on and prepare these option schemes.
“What the team is known for: Handles a full range of employment matters including advice in relation to employee shareholder schemes, business restructuring and employment litigation. Strengths (Quotes mainly from clients): “They are a brilliant team and great support for businesses. They’re also very friendly and approachable.” Work highlights Advised an individual in an appeal at the Employment Appeal Tribunal brought by Oxfordshire County Council, who appealed an Employment Tribunal judgment that the individual had been subjected to unlawful whistle-blowing detriments. Notable practitioners: Mark Emery (Band 3) has experience advising claimants and respondents on employment litigation, as well as working with businesses on general advisory matters. Sources say he “provides excellent advice and documentation.” Lauren Harkin (Associate to watch) is known among her clients for her “excellent understanding of employment law.” She is experienced in defending Employment Tribunal proceedings involving all aspects of discrimination. Malcolm Gregory is a Recognised Practitioner.” Chambers 2017 Thames Valley
“Richard White (Band 2) of Royds Withy King “has been superb in his approach, exceedingly knowledgeable and really understands business,” according to one client. He regularly advises employers on matters such as redundancies, discrimination cases and business transfers.” Chambers 2017 South West
“At Royds Withy King, department head Malcolm Gregory handles employee shareholder schemes, restructuring, pension cap applications and TUPE matters, while Richard White predominantly acts for employers and has strength in tribunal claims.” Legal 500 2016 South West
“Royds Withy King’s highlights included successfully representing an in-house solicitor in a disability discrimination and unfair dismissal claim against a former employer. Practice head Malcolm Gregory is recommended alongside tribunal and mediation expert Mark Emery.” Legal 500 2016 South East