Company Constitutions v Shareholders’ Agreements
When people go into business together it’s common for them to enter into a Shareholders’ Agreements to govern how they will own and administer their company. Our preference is to use a tailored version of the company’s ‘Constitution’ as the primary instrument to regulate the affairs of a company. Our reasons are:
Does your company need a Constitution?
Here are some reasons why you should think about a Constitution for your company, rather than simply adopting the ‘replaceable rules’ in the Corporations Act.
Who gets to choose who goes on your board?
Most people think the directors of their company are appointed by a majority of shareholders. But often this is not the case. Discover the full picture.