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The current CEO of our French subsidiary is not performing well how can we terminate the CEOs role?

Latest News The current CEO of our French subsidiary is not performing well how can we terminate the CEOs role?

The first question is to determine what type of company the CEO works for. Certain positions in certain types of companies can be removed at will without the need to give reasons; such is the case of the President and members of the board of directors of société anonyme (SA). On the other hand in certain other types of companies, for example a SARL, justifiable grounds need to be given for the removal of the CEO and failure to provide justifiable grounds could give rise to a claim for damages. In principle the termination in all cases will be without notice and will take immediate effect. Sometimes difficulties of a formal or procedural nature can arise particularly in companies in which the CEO has the sole right to call meetings of shareholders; it may then be necessary to circumvent the CEO in order to call a meeting at which the CEO will be removed.