How Can Partners Work Happily Together During The Period Of Partnership?
Do not under estimate the power of a Shareholders’ Agreement to safeguard happy partners from becoming enemies later.
Do’s and Dont’s of Equity Partners will be clearly spelled out in a Shareholders’ Agreement.
In addition, your Constitution spells out the other “safeguards” of Directors and power of CEO too.
A company is not only run by 1 person called the CEO. The CEO reports to the Board of Directors ( BOD ) which is led by the Chairman of the Board.
The CEO takes instructions from the BOD. So, is it fair to blame for CEO alone for declining value of your Company Shares?
The BOD takes lead in the longer term Strategic Direction of a Company, and the CEO takes lead in planning the company’s direction in the shorter term within the frame work of the longer term Strategic Direction.
Very often, many business owners do not know how to use their BOD, Directors, CEO and BOD Advisor like myself .
Many business owners continue to have misconceptions of the various corporate positions, lack of Shareholders’ Agreement and inadequate Constitution of the company. All these may lead to eventual demise of the company, they have bled so much to build.
If you need help, feel free to contact us at :
(O) +65 63851011
(M) +65 90880669
