Do we really need a shareholder agreement?
What is covered in a shareholder agreement?
- how company shareholder/director disputes should be handled
- which specific company matters require wider shareholder consent
- shareholder dividend policy – outlining payments to shareholders
- restrictions on company founders
- when the company can be wound up
- shareholders duties
- shareholder entitlements
- when major assets and/or property can be disposed of or acquired
- the issuing of new shares to incoming shareholders
- restrictions on removing and appointing directors
- board and shareholders meeting requirements
- the directors’ terms of employment and remuneration package
- first refusal for shareholders to buy shares of shareholders leaving the company
- shareholders leaving the company – including a non-compete clause
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- By Lawbite Team
- October 26, 2020
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