Companies, Partnerships and Directors
Shareholders’ agreements are important as they offer protection to all shareholders, since they provide a method for addressing:
- Transfers of shares
- The effects of the death of a shareholder (and the maximising of available tax reliefs)
- The powers of the shareholders and what activities require unanimous consent
- Shareholder disputes
The contents of a shareholders’ agreement will, of course, differ for each company depending on its size, the nature of business and parties involved.