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To print this article, all you need is to be registered or login on Mondaq.com. A recurring discussion whenever there is a proposal to dismiss a managing director is whether they actually are a managing director under the articles of association (statutair bestuurder). This is an important question because a managing director under the articles of association enjoys less protection from dismissal than does a "regular" employee. The main rule is that managing directors under the articles of association are appointed by the general meeting of shareholders. Such appointme...

To embed, copy and paste the code into your website or blog: A recurring discussion whenever there is a proposal to dismiss a managing director is whether they actually are a managing director under the articles of association (statutair bestuurder). This is an important question because a managing director under the articles of association enjoys less protection from dismissal than does a “regular” employee. The main rule is that managing directors under the articles of association are appointed by the general meeting of shareholders. Such appointment must be based on a shareholders’ r...