Supreme Court dismissed appeal upholding board's power to simultaneously dismiss CEO and terminate employment contract.

The Supreme Court dismissed the cassation appeal filed by a former CEO against the termination of his employment contract. The lower court found that the supervisory board had the authority to simultaneously remove him from his position and terminate his contract due to his failure to recover funds for an exhibition, which caused financial losses to the company. The court ruled that the supervisory board, not the management board, was the proper representative of the company in this dispute involving the personal interest of the CEO, thereby validating the board's actions.