The shareholder agreement is a guide
Are you a company shareholder? Or are you planning to be one or are you looking for shareholders for a company you plan to put up? If you lie in one of these categories, there are important things to put in mind before you make up your mind on any kind of shareholding. Shareholding literally means having part of the shares, which already brings the word agreement into play. Shareholder agreements differ and they may be set by the founder of the organisation or consultants in such areas. An organisation which has more than one person having shares; it is the shareholders agreement that will guide the running of that organisation. What the shareholders agree on must be the guiding principle and anyone can be sued for going against that agreement.
The agreement should be legally sealed
The fact that the shareholders agreement is a crucial agreement it must be sealed before a recognized lawyer. Before the lawyer signs, the shareholders must have agreed together on everything in the agreement during the shareholder meeting. The shareholder meeting will only decide on what to be included in the agreement if the required quorum is fulfilled, for most shareholder meetings, the quorum should be at least two thirds of the expected number.
Know your rights
The agreement must clearly state the shareholder rights as well as what the organisation expects from every shareholder. Shareholder rights also vary depending on the position of the shareholder in the company or organisation. Every shareholder is supposed to know his /her rights as well as the rights of his colleagues to avoid any misunderstands that might arise due to ignorance.
