High Court rules sacked automotive firm boss is entitled to €1.5m shares

The former boss of an international automotive parts manufacturing firm - whose main shareholder is registered in Sandyford, Dublin - is entitled to €1.5m worth of shares after he was fired for allegedly failing to address the company's financial difficulties, the High Court has ruled.

Adrianus Goudriaan was president-director and CEO of the Bosal Group from 2010 until 2016 when he was dismissed without any compensation following an AGM at which it was claimed the group had lost confidence in him. It was claimed the group had found itself in an "extremely difficult situation" which could only be addressed by divestures and capital increase.