Further capital. Term The shareholder agreement should deal with: a. when the arrangements between the shareholders commence; b. when and how the arrangements between the shareholders will cease. Controller The document will need to state who has the control over the day to day operation of the business. This may not necessarily be all of the shareholders. In addition, it should outline the rights of the shareholders to vote on relevant/ significant matters to the business. The shareholders should agree on the following: a. How are decisions of the business made? b. Who will be the decision makers for the business and how will the decision makers be appointed? c. Will all shareholders have the right to appoint? d. Can a representative of a shareholder be removed? e. What happens when a representative of a shareholder is removed? f. How and when will meetings be held? g. What are the requirements in order to hold a meeting (i.e. quorum, notice periods etc)?
Appears in 3 contracts
Sources: Shareholders Agreement, Shareholders Agreement, Shareholders Agreement