What Executives Should Remember (Not Only) During A Pandemic

In Slovakia, the exercise of powers by company executives like managing directors or board members involves a relatively wide range of legal obligations and liabilities.

The aim is to ensure that executives perform their duties professionally and to protect the company and its creditors.

In charge in times of crisis

Being a company executive has become more demanding due to the unprecedented COVID-19 pandemic. In this context, executives need to pay even more attention to the principle of loyalty, especially in terms of acting in the best interests of the company. Though the possibilities of terminating an executive are not limited by law, executives should always critically evaluate the impact on the company of a possible resignation during a crisis while also considering their statutory liability.