[Consultation] Legal issues regarding compensation and condolence payments to departing employees.

Veat provided legal advice regarding measures to minimize legal risks related to the compensation paid to retired executives by a company.

A Corporation inquired about compensation paid to retired executive B following his long-term employment, particularly concerning the fact that the compensation was paid without approval from the board of directors and shareholders’ meeting.

In response, Veat reviewed ▲the legal nature of comfort money or bonuses paid by a company, ▲whether the payment of retirement compensation to a retired executive constituted a breach of fiduciary duty or breach of trust under the Companies Act, ▲and whether a breach of trust could be established for a retired executive. It also presented