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This agreement is made between the shareholders of the company and its directors to stipulate and clarify key issues in the running of the company and its relationship to, and the rights of its, shareholders above the legal requirements of the Companies Act 1985. It is a confidential internal company document and not available for public inspection. It complements the Memorandum and Articles of Association and covers only the shareholders who have signed up to it.
The directors and shareholders agree that without the written permission of shareholders representing 75% of the ordinary equity of the company, or as specifically stated otherwise in this agreement, the directors and shareholders will:
1. The Directors shall not:
• Open any new bank accounts
• Enter any new loan agreements, debentures or provide any guarantees or indemnities
• Deviate materially from the business plan or enter any new area of business
• Transfer, lease, assign, grant any license over any company property other than the sale of current assets in the normal course of trading
• Establish any subsidiary
• Authorise any increase in the authorised share capital of the company
• Agree the sale or takeover of the business
• Authorise any share option schemes or revise director emoluments
2. The directors shall:
• Hold a monthly board meeting, with a maximum of 50 days between meetings, and a minimum of 10 board meetings per calendar year.
• At each board meeting, the time, date and place for the next meeting shall be agreed and each director and investor representative shall be notified at least 14 days prior to it.
• Circulate an agenda a week in advance of the meeting, including minutes from the last board meeting for approval. The agenda will include a review of trading activities and financial status, as well as any other material issues that are proposed for inclusion by directors and / or shareholders representing 5% of issued shares. Proposed agenda items should be proposed to the chairman at least 14 days prior to the meeting.
• Present a brief monthly management report, including a set of management accounts, covering progress in relation to plan, prospects for the business, and highlighting any key or material issues faced by the company.
Translation - Spanish Acuerdo del Accionista
XYZ Co Ltd
Co Reg No: 12345678910
Este acuerdo esta hecho entre los accionistas de la compañía y sus directores para estipular y clarificar las cuestiones claves en el funcionamiento de la compañía y su relacion con, y los derechos de, los accionistas mencionados sobre los requerimientos legales de el Acto de Compañías de 1985. Es un documento interno confidencial y no es disponible para su inspeccion publica. Se complementa al Memorandum de los Articulos de Asociacion y cubren solamente a los accionistas pertenecientes con su firma.
Los directores y los accionistas acuerdan que sin el permiso escrito de los accionistas representando el 75% de la equidad ordinaria de la compañía, o como indicado especificamente en este acuerdo, los directores y los accionistas deberan:
1. Los directores no deberan:
• Abrir nuevas cuentas bancarias
• Incorporar ningun nuevo acuerdo de prestamo, obligaciones o proporcionar cualquier garantias o indemidad
• Desviarse materialmente del plan de negocio o incorporar cualquier nueva area del negocio
• Transferir, arrendar, asignar, conceder cualquier licencia sobre cualquier característica de la compañía con excepción de la venta de activos actuales en el curso normal del negocio
• Establecer algun subsidiario
• Autorizar cualquier aumento en la autorizacion de el capital de la accion de la compania.
• Acordar en la venta o la toma de posecion del negocio.
• Autorizar cualquier opcion de esquemas de share o revisar emolumentos del director
2. Los directores deberan:
• Organisar una reunion mensual del consejo, con un maximo de 50 dias y un minimo de 10 dias enre cada reunion al ano.
• En cada reunion del consejo, se debera acordar la fecha, el lugar y la hora de la proxima reunion y cada director y representante investor debera notificar por lo menos 14 dias en adelantado.
• Circular un agenda una semana en adelantado para la reunion, incluyendo minutos de la reunion anterior para aprobacion. La agenda debera incluir una revision de las actividades de negociacion y estado financiero, como tambien cualquier otros asuntos materiales propuestos para inclusion entre los directores y/o los accionistas representando el 5% de los asuntos de las acciones. Los asuntos propuestos en el agenda deberan ser propuestos al presidente por lo menos 14 dias antes de la reunion.
• Presentar un informe breve mensual de la gerencia, incluyendo un systema de cuentas de gerencia, cubriendo el progreso en relacion al plan, los prospectos del negocio, y destacar cualquier asunto material clave para la compania.
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Experience
Years of experience: 26. Registered at ProZ.com: Jan 2009.
Adobe Acrobat, Microsoft Excel, Microsoft Word, Powerpoint, Wordfast
Bio
Life made me speak 3 languages. My name is Susana Liao and I was born in Taiwan. My mum imported me in her laps when I was two and I arrived to Bolivia where I studied at the american school. There, I learnt english and continued my studies abroad in England at the University of Westminster. After getting my BA in English Studies I moved to Taiwan to start work. My Mandarin Chinese improved here. Thanks to these life opportunities I am a natural translator with professional laboral and life experience.
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