Shareholders agreement: Google is not your best friend

Linkedin Post

A shareholders’ agreement reflects the dynamics of the shareholders’ relationship.

A shareholders’ agreement typically sets out clauses relating to appointment of directors, quorum required for a shareholders’ or board meeting to be valid, procedures for directors or shareholders to decide on matters relating to the company, whether there are any reserved matters that require unanimous decision at shareholders’ or board meeting, how deadlock is resolved, transfer of shares and the rights and responsibilities of each shareholders.

Some business owners rely on Google for sample clauses or precedents for shareholders’ agreements.

Google is not your best friend in such instance.

Each precedent should be tailored to meet the shareholders’ specific requirements and circumstances. The shareholders’ responsibilities should be set out clearly, which may differ on a case-by-case basis, depending on the nature of business undertaken by the company.


This post was first posted on Linkedin on 8 February 2021.

Linkedin Post
Five key steps for legal due diligence

Most lawyers are good at identifying issues, but legal due diligence shouldn’t be limited to merely reviewing documents and identifying issues. Here are my five steps for conducting legal due diligence: 1. Identify the issues based on the scope of legal due diligence as agreed with the clients. 2. Provide recommendations …

Linkedin Post
Begin with the end in mind: Post-completion integration

I once worked on an M&A deal that took more than a year to complete. While the deal was not inherently complex, it dragged on due to delays in finalizing the details of the transaction agreements for reason beyond my control. As the deal involved a larger corporation acquiring a …

Being a Corporate Lawyer: Why I Do What I Do

After years of demanding schedule and juggling simultaneous corporate exercises which take a toll on physical and mental health, it is not surprising that some corporate lawyers experience burnout. Unlike some legal practice areas, the work of a corporate lawyer may not seem immediately impactful or “make a difference” to …