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 ?
Model 1 seeks to test the first research hypothesis, i.e., if the effect of the shareholders' agreements on the firm's value is associated with the redistribution of the power provoked through the indirect OS formed by the bonded shares in the shareholders agreements. This relationship is measured by the interaction between the variable agree and avot.
Under the mandatory tender offer for all the shares of BBVA Chile required under Chilean law or the Said family's tag-along rights under the shareholders agreement of BBVA Chile, the Said family has the right to sell its shares of BBVA Chile on the same basis to Scotiabank.
The arbitration clause inserted in the Articles of Association provided for an ad hoc arbitration, while the arbitration clause inserted in the Shareholders Agreement provided for an institutional arbitration under the auspices of Qatar International Center for Conciliation and Arbitration ("QICCA").
Following the transaction, the BNP Paribas group and Societe Generale will hold 2.22 percent and 1.50 percent of Euronext's share capital respectively, in accordance with the terms of the new Reference Shareholders Agreement, with a new two-year lock-up until 20 June 2019.
"We also firmly believe that discussions are urgently required between all parties in order to determine how the buyers will work with the remaining shareholders for the long term benefit of the football club, and the negotiation of a new Shareholders Agreement is key to achieving this, but we are disappointed that our desire to enter into these discussions has not been matched by the buyers or the other remaining shareholders.
SapuraKencana Brunei's investment in the joint venture company is expected to be funded by internally generated funds, parent firm SapuraKencana Petroleum said in a press release, adding that the Shareholders Agreement is expected to be effective by August 31.
It noted that, the period to file a response to allegations made by the Ongpin Group over the validity of the Shareholders Agreement has not yet expired and thus, "as a result of the court's actions Ashmore's right to due process has been removed."
"We find it improper and irregular that the court ruled that the shareholders agreement is invalid when at this point the only issue before it is whether it will grant the Ongpin group's application for temporary restraining order or Ashmore's request for assistance to enforce the interim measure of protection issued by the arbitral tribunal in Singapore," Ashmore said in a statement issued in Manila on Monday.
CAIRO: Weather Investments II rather than its majority owned Wind Telecom will ask for seats on Russian operator Vimpelcom's board if an existing shareholders agreement is cancelled, a Wind spokeswoman said on Thursday.
International Resource News-March 3, 2011--Colibri Resource Corporation signs Earn-In and Shareholders Agreement with Agnico-Eagle Mines Ltd(C)1994-2011 ENPublishing - http://www.enpublishing.co.uk
Summary: The External Bank of Algeria (BEA) is expected to ink in the next few days a shareholders agreement for the start-up of a leasing company in partnership with Portuguese banking group Banco Espirito Santo
The companies had signed a Joint Venture framework agreement in February earlier this year confirming their intentions to form the Joint Venture Company which has now been concluded after signing of the Shareholders Agreement. The shareholder agreement was signed by Dr.