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One of two Directors/Shareholders - Maternity leave policy



New Member
Hi there

Myself and a friend/current colleague are in the process of setting up our own business which will be launching in August.

Unlike my business partner, I plan to have children within the next three/four years so will need to take maternity leave at that point and we want to agree on a maternity leave policy.

I wondered if anyone had been in a similar situation, in which they were co-Director (and one of two shareholders, each owning 50% of the business) and one of those Directors fell pregnant.

We want to adopt a policy which is fair for my Partner and makes financial sense (we will need to hire a replacement for myself whilst I am off) but equally, allows me to have the maternity leave I am entitled to and enjoy that time without too much financial strain.

We'll be on a very low salary and take the majority of our income from dividends.

Hoping someone can offer some advice!

Many thanks