Get in touch today
Call us on 07855 849232 or
email david.gordon@dg-law.co.uk
We guarantee that you can only collect benefits from a shareholders agreement. That’s it. But that’s not to say that those benefits do not include responsibilities. Nothing comes from nothing but it can become nothing, if you fail to comply with the rules. There are rules for everything in life, so don’t be intimidated by a legal document with rules. At DG Law, we have an array of expert advice to help you understand what a shareholders agreement is, what it entails, what your responsibilities are and what benefits you’ll get from such a legal document.
As a shareholder of a company with your name on a shareholders agreement, some of your responsibilities will include:
Shareholders appoint directors. Whilst Shareholders are in charge of the company, directors are in charge of running it. Company directors are stewards accountable to shareholders and corporate statutes. You might think that the shareholders delegate how the company should run but that’s not the case. The shareholders appoint directors with an expertise to run a particular part of the business.
Here are some examples of directors and their roles: the finance director is appointed to deal with the financial part of the business. So the finance director will be the one responsible for all aspects of finance. The same goes for the marketing director and the business development director as well as the sales director. Each director will be responsible for their own department.
Directors are accountable to shareholders, but shareholders are not responsible for the way a director runs their department. Nor do shareholders run those departments, because they don’t need to be experts or knowledgeable in areas of finance or sales (that’s why they need to appoint someone specialised in that field).
If you have any queries regarding your existing shareholders agreement or if you would like to have one drafted by our team, please book a call with one of our corporate lawyers. We can have an initial no commitment discussion on the phone. Please fill in the contact form below. SG
Call us now on 07855 849232 or complete our Online Enquiry and we will be delighted to talk with you about your legal matter.
DG Law were fantastic throughout our purchase process. We had a short, fixed, timeline to
DG Law supported us through a very difficult contractual negotiation to achieve exactly the outcome
We were very pleased with the way that DG Law helped us on our transaction
DG Law resolved a difficult lease renewal for us and their services were excellent –
I needed understanding and experienced legal advice. DG Law provided an excellent service at a
My experience was second to none – the service was professional and personal. DG Law
DG Law always step up to the plate on our transactions and handle the various
DG Law was recommended to me and my partner and I received excellent advice –
Having worked with DG Law a number/couple of times now, I have been really impressed
DG Law were constantly at hand, and kept pro-active throughout the thorny process of getting
DG Law came recommended to me and whilst setting up a new business it was
We were recommended three lawyers to handle the sale of our seven year old successful
We live by our core values of transparency, flexibility and being honourable – every day
We put ourselves in your shoes so we understand your problems from the inside out
We deliver our advice in a way that is easy to understand