Document background
The Director Employment Contract is a crucial legal document used when appointing executive or non-executive directors to a company's board or management team in Pakistan. It serves as the primary agreement governing the employment relationship between the company and its directors, ensuring compliance with the Companies Act 2017, Industrial Relations Act 2012, and other relevant Pakistani legislation. This contract typically includes comprehensive terms covering appointment, duties, remuneration, benefits, performance expectations, and termination provisions. It's essential for establishing clear governance structures, protecting company interests, and ensuring transparency in director appointments. The document is particularly important for both listed and private companies in Pakistan, as it helps maintain corporate governance standards while addressing specific requirements of Pakistani corporate and employment law.
