Document background
The Simple Shareholder Agreement is essential for any New Zealand company with multiple shareholders, whether it's a startup or an established business. This document becomes particularly important when transitioning from a single-shareholder to a multi-shareholder structure, or when establishing a new company with multiple investors. It addresses key aspects such as share transfers, voting rights, dividend policies, and management decisions, all while ensuring compliance with New Zealand corporate law, particularly the Companies Act 1993. The agreement helps prevent future disputes by clearly defining shareholders' rights and obligations, protecting both majority and minority interests, and establishing clear procedures for important company decisions. It's typically used alongside the company's constitution and can be customized to suit specific business needs while maintaining its fundamental purpose of governing shareholder relationships.
