Companies Act 2006: Primary legislation governing company directors' duties, obligations, resignation procedures, removal processes, and Companies House filing requirements
Employment Rights Act 1996: Covers statutory employment rights for executive directors, including notice periods, unfair dismissal provisions, and other employment protections
Equality Act 2010: Legislation protecting against discrimination, including age and disability discrimination, which must be considered in director exits
Data Protection Act 2018 and UK GDPR: Regulations governing the handling of personal data, privacy considerations, and data retention requirements during and after director exit
Financial Services and Markets Act 2000: Regulatory framework for financial services sector, including necessary notifications and approvals for director changes in regulated entities
Corporate Governance Code: Best practice guidelines for listed companies regarding director appointments and exits, including governance requirements
Tax Legislation: Including Income Tax Act 2007 and Corporation Tax Act 2010, covering treatment of termination payments and National Insurance contributions
Contract Law: General principles governing contract formation, consideration requirements, and enforceability of exit agreements
Confidentiality Obligations: Legal requirements and best practices for maintaining company confidentiality post-exit
Post-termination Restrictions: Legal framework for restrictive covenants including non-compete and non-solicitation provisions
Share Schemes and Options: Legislation and regulations governing the treatment of equity-based compensation upon director exit
Pension Arrangements: Legal framework governing treatment of pension rights and obligations upon director departure
Directors' and Officers' Liability: Insurance and indemnity considerations for post-exit liability protection
Intellectual Property Rights: Legal framework governing ownership and transfer of IP rights upon director exit
