20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>

reduction of notice period

This topic has 1 reply, 2 voices, and was last updated 9 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
December 25, 2014 at 2:42 am #221593
nrjsma
Participant
- Topics: 45
- Replies: 30
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
Keymaster
- Topics: 57
- Replies: 54458
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.
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.