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  • Corporate Governance Lesson 1A

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    Rajaa Berry
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    The document discusses shareholder agreements and unanimous shareholder agreements. Shareholder agreements can anticipate and avoid problems for minority shareholders by outlining rights such as employment, management participation, and a fair price for shares. Unanimous shareholder agreements govern closely held corporations like partnerships by creating a relationship among unanimous shareholders that can impact directors' roles.

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    Corporate Governance lesson 1A

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    The document discusses shareholder agreements and unanimous shareholder agreements. Shareholder agreements can anticipate and avoid problems for minority shareholders by outlining rights such as employment, management participation, and a fair price for shares. Unanimous shareholder agreements govern closely held corporations like partnerships by creating a relationship among unanimous shareholders that can impact directors' roles.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    27 views3 pages

    Corporate Governance Lesson 1A

    Uploaded by

    Rajaa Berry
    The document discusses shareholder agreements and unanimous shareholder agreements. Shareholder agreements can anticipate and avoid problems for minority shareholders by outlining rights such as employment, management participation, and a fair price for shares. Unanimous shareholder agreements govern closely held corporations like partnerships by creating a relationship among unanimous shareholders that can impact directors' roles.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Shareholder Agreements

    • May be used to anticipate and avoid problems of the minority


    shareholder
    • Distinct from corporation’s charter/by-laws
    • Could include
    • Right to employment with the corporation
    • Right to participate in management
    • Right to fair price for shares
    Unanimous Shareholder Agreements
    • Used to govern relationships among shareholders of closely held
    corporations
    • Creates a relationship similar to that of partnerships
    • May impinge on the role of directors only if unanimous shareholder
    agreements
    Elect - Vote
    50 25 25

    Board of directors T J B Shareholders

    TJ Liabilities
    Duties Assets
    Management powers Equity
    Bank
    X1
    X2
    Appoint officers Duties X3

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