Commentary

111 Ensuring that the shareholders have adequate information to make decisions

BUSINESSES vol 4(2) start-up, sale and purchase
| Commentary

111 Ensuring that the shareholders have adequate information to make decisions

| Commentary

111 Ensuring that the shareholders have adequate information to make decisions

There is little point in providing that certain major decisions require the written consent of all the shareholders if those shareholders, or their representatives, are unaware that such a decision is about to be made. It will also be impossible for shareholders to make an informed decision as to whether to consent if they have not been provided with sufficient financial and other information to do so. These information provisions are particularly important when there are some shareholders who are not directors, for example, where certain family members have

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