A company’s owners have the right to terminate a director’s employment agreement without giving a reason. But they usually don’t follow the procedure in accordance with the law.
Andrew Bezhan, a Counsel and Attorney-at-Law in the Dispute Resolution Practice at Nordic Star Law Offices, wrote an article for Corporate Lawyer magazine where he explains the rules of procedure, focusing on the violations that LLC members commit and how to formalise a director’s dismissal for embezzlement.
Andrew Bezhan
Counsel, PhD in Law, Attorney-at-Law