shareholders' agreement

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shareholders' agreement

n. an employment agreement among the shareholders of a small corporation permitting a shareholder to take a management position with the corporation without any claim of conflict of interest or self-dealing against the shareholder/manager. Such agreements are common when there are only three or four shareholders.

References in periodicals archive ?
The decision was followed by the signature of the shareholders' contract in Abidjan between Total, which will operate the project with a 34 percent interest, PetroCI (11 percent), CI Energies (5 percent), SOCAR (26 percent), Shell (13 percent), Golar (6 percent) and Endeavor Energy (5 percent).
CI-GNL receives rights to build and operate liquefied natural gas re-gasification terminal in Ivory Coast
As it stems from the shareholders' contract the vEnergetike.sk website dedicated to energy topics has at disposal, the state has no preemption right for shares offered by Enel for sale.
Finnish firm eyes Slovenske Elektrarne shares
(112) In comparison with the contracts of other constituents, the shareholders' contract with the firm is the most incomplete--it is more open-ended.
Incomplete contracts, contingent fiduciaries and a director's duty to creditors
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