(b) how a shareholder may sell his shares with minimal disruption to the company`s operations. A shareholders` agreement should be prepared in a professional manner, as it must be tailored to the specific needs of the shareholders and the company, but should contain some of the important provisions mentioned above. Managers are employees who are accountable to the company and its shareholders. If directors are also shareholders, as is often the case, a director may be able to make decisions that are favorable to him as shareholders, but that are not in the interest of his co-owners. The articles of association set out how a single company is managed by the directors and shareholders. This document documents how the owners control and manage the operation between them and provides the basic business structure. Many of the topics discussed are procedures such as.B. convening meetings or how an offer to purchase shares should be made. . . .