{"id":6673,"date":"2012-04-27T13:31:03","date_gmt":"2012-04-27T13:31:03","guid":{"rendered":"https:\/\/gregorydamy.niceavocats.fr\/?p=6673"},"modified":"2023-08-02T10:54:09","modified_gmt":"2023-08-02T10:54:09","slug":"shareholders-agreement-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/gregorydamy.niceavocats.fr\/en\/shareholders-agreement-what-you-need-to-know\/","title":{"rendered":"Shareholders&#8217; agreement: what you need to know"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;section&#8221; _builder_version=&#8221;4.19.5&#8243; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;1_3,1_3,1_3&#8243; _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; background_enable_mask_style=&#8221;on&#8221; background_mask_style=&#8221;wave&#8221; background_mask_color=&#8221;rgba(0,0,0,0.08)&#8221; custom_padding=&#8221;||6px|||&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_circle_counter title=&#8221;Estimated reading time (in minutes)&#8221; number=&#8221;2&#8243; percent_sign=&#8221;off&#8221; _builder_version=&#8221;4.20.2&#8243; _module_preset=&#8221;default&#8221; title_font=&#8221;Amiri||||||||&#8221; max_width=&#8221;137px&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_circle_counter][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_divider _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;row&#8221; _builder_version=&#8221;4.16&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_image _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; title_text=&#8221;finance-4858797_1280-2&#8243; src=&#8221;https:\/\/gregorydamy.niceavocats.fr\/wp-content\/uploads\/2023\/07\/finance-4858797_1280-2.jpg&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;][\/et_pb_image][et_pb_text admin_label=&#8221;Text&#8221; _builder_version=&#8221;4.21.0&#8243; text_font=&#8221;Amiri||||||||&#8221; header_2_font=&#8221;Amiri||||||||&#8221; header_3_font=&#8221;Amiri||||||||&#8221; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<div class=\"entry-content\">\n<p><span>In a public limited company, the\u00a0<\/span><a href=\"https:\/\/www.economie.gouv.fr\/facileco\/que-regarde-actionnaire-en-priorite\"><span>shareholders<\/span><\/a><span>\u00a0establish a shareholders&#8217; pact which organizes the life of the company and its management.\u00a0A certain number of clauses make it possible to optimize coordination between the shareholders, in particular concerning the development of the powers of the directors.\u00a0It is during the general meeting that the shareholders make major decisions such as the distribution of dividends.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span>The shareholders&#8217; agreement:<\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span>The shareholders&#8217; pact is a contract that governs the life of the company and its management.\u00a0It protects the converging interests of shareholders.\u00a0This contract has a flexible form and is concluded with or without a lawyer.\u00a0It can be established only between certain shareholders.\u00a0It allows, for example, to approve a shareholder or to ensure his exit.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span>Coordination between shareholders:<\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span>Coordination between shareholders is provided for by the articles of association or by shareholders&#8217; pacts to coordinate the interests of the partners.\u00a0Certain clauses can be passed as voting agreements to ensure the appointment of directors or their dismissal.\u00a0Agreements may also provide for the protection of minority shareholders.\u00a0These clauses must make it possible to coordinate and harmonize the shareholders&#8217; policy in the company.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span>What is their control over the company?<\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span>The shareholders meet once a year at a general meeting.\u00a0This is where they appoint the directors and vote on whether or not to distribute dividends.\u00a0Furthermore, they can decide to set up non-aggression pacts in order to prevent certain shareholders from strengthening their power to the detriment of other shareholders.\u00a0The aim is to ensure their common interest for better control over the management of the company.<\/span><\/p>\n<p><a href=\"https:\/\/gregorydamy.niceavocats.fr\/notre-equipe\/\"><span>DAMY Law Firm<\/span><\/a><span>\u00a0, Nice, Shareholders&#8217; Agreement, Update 2022<\/span><\/p>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_divider _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_divider][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a public limited company, the\u00a0shareholders\u00a0establish a shareholders&#8217; pact which organizes the life of the company and its management.\u00a0A certain number of clauses make it possible to optimize coordination between the shareholders, in particular concerning the development of the powers of the directors.\u00a0It is during the general meeting that the shareholders make major decisions such [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[295],"tags":[],"class_list":["post-6673","post","type-post","status-publish","format-standard","hentry","category-commercial-and-company-law"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Shareholders&#039; 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