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reduction of notice period

This topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.

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December 25, 2014 at 2:42 am #221593
nrjsma
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Dear Sir/Madam,
Could you explain “there is requirement that companies consider a reduction of the notice period of directors to one year or less” -Chapter 2.
December 25, 2014 at 9:24 am #221600
John Moffat
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If the notice period is more than one year then it means that if it is wanted to sack a director then they would have to be paid for however long the notice period was. So companies should consider not having notice periods longer than a year.
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