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Shareholder Agreements |
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Numerous companies find themselves in financial difficulty due to issues or disputes between their business partners or shareholders.
A shareholders agreement is necessary because company constitutions (previously known as Memorandum and Articles) do not cover many issues that relate to inter-shareholder matters.
The types of issues that are commonly addressed in a shareholders agreement include the following:
- Shareholdings
- Funding of the company
- Directors
- Board meetings and voting rights
- Board decisions requiring special majority approval
- Financial reporting and bank account control
- Profits and dividend policy
- Terms of transfer of shares
- Determination of fair market value for shares
- Right of first refusal in relation to shares
- Change in control or insolvency event
- Restraint on competing
- Conduct of parties
- Mutual warranties
- Confidentiality obligations
If you would like to speak to one of business consultants for further information you contact us on 1300-551-826. Alternatively, if you would like us to contact you then please fill in our Enquiry Form