It is possible that the CEO of an Ibex company does not know that they will say goodbye? The last months have been marked by some high -draft outings, such as O. Behind this type of separation there is usually a previous agreement that ensures the manager a series of benefits and the company that neither its reputation nor its quote will leave badly. The margin of maneuver to agree will be greater if the signs that alert advisers and senior executives that the end of their era is near are read enough. It is advisable to take the bull by the horns and sit down to negotiate.
And of the directors in the quoted is very sensitive. Permanence, in most cases, is a matter of trust. “It doesn’t depend only on it is great. It must be good and, in addition, loyal to the house. You must drink from the source of the President and the Council. As this is subjective, you cannot constantly be on the crest of the wave or cling to a chair. It cannot be that a director does not find out that they will dismiss him ”, underline In action.
Sometimes you have to read between the lines, but there are cases in which the clues are evident. “When we talk about, you are the one who adopts the strategic decisions of the company. At the moment when your plans are not accepted or the projects you present do not evolve, something is not going well, ”warns Enrique Ceca, partner of Ceca Magán. If the company’s situation is critical from the economic point of view, if the Executive has not charged the variable for not meeting the objectives or if there has been a management problem, everything is more obvious.
. “In the quoted, for example, a background with a significant participation enters. If the manager himself has brought it; But if a Sunday counselor brings it, a majority shareholder, it is very common not to come in peace, he will want to change things, ”explains Rafael Núñez, director of Next Lawyers. If you provide money to reduce debt or to change the strategy, it may be time to prepare the suitcases. The same happens when there are duplicate posts fruit of mergers or acquisitions or after a change of president. In these cases, you do not have to lower your guard for at least six months or until the manager approves the budget or a project.
But some situations are more conflictive: the manager is separated, they stop calling the operational committees, no longer dispatches with the president, they do not give a budget and paralyze the initiatives. “I have seen cases in which they are transferred by the office next to the bathroom,” says María de la Torre. The ideal, he points out, is to accept it and avoid reaching the limit of the predespido.
The succession
When these signals occur, you have to anticipate. “The first thing is to have the duties done. In a commercial relationship, the regulation is free for the parties, but the manager must have a shielding with an ex -agreed proven. Many times there is no replacement and the exit is precipitated or non -consensual. In these cases the communication to the market is very important, due to the impact on the image of the manager, the reputational damage for the company and because the action suffers, ”says Enrique Ceca, a specialist in senior management dismissals. The usual thing is to agree with a disagreement with a overlap period to close the changes of the company’s government.
Delaying the exit and rooting into a conflict is not the most advisable. Experts recommend seeking advice and agreeing on conditions, which can be very varied, especially since companies are also interested in managing a soft exit and continuous succession to minimize the risk of loss of commercial relations, falls in turnover or in turnover or The price of the action. “There is always a quote oscillation, which is then recovered if the succession is well managed,” says Rafael Núñez. The more the disconnection protocol is taken care of, the less the company will suffer with the change of leadership.
In intermediate -rank managers, the ordinary employment relationship is covered by the Workers’ Statute, but in senior management contracts the measures for their output are usually agreed previously, but with time it can be better negotiated. However, legal frictions may arise, for example, with the clauses of post -contractual non -competence: a plus is paid so that the manager does not incorporate into a competing company as soon as he left. But if it is agreed in good faith, an external collaboration can even be agreed via consulting or an appointment as an external advisor.
In many cases, the outputs of high executives of the IBEX are produced by common professional maturation processes for all. If your stage is over, the ideal is to assume and manage it with the same proactivity with which a job is sought. Sitting to negotiate is the best option, experts point out, because change is normal in a quoted.
Goodbye begins with signing
The output conditions are usually agreed at the same time of signing and are quite standard. A senior management contract is signed with high fixed remuneration and a variable remuneration plan that includes company shares, which are subscribed at different stages at a lower market price: Stock Options. It also receives a bonus based on the company’s march and a pension plan in which the firm makes several contributions. Finally, a paid suspension period can be agreed to prevent the competition from marking.
