Shareholders’ Agreement: why should your company have one?

Although there is no legal requirement to have a Shareholders’ Agreement (‘SHA’), shareholders are often advised to have an agreement when starting a company with more than one shareholder. An SHA is an agreement between all or some of a company’s shareholders defining the parties’ rights and duties and how they will reach certain decisions. The following are some of the important reasons why your company should have an SHA in place: Privacy When a company is incorporated, the Articles of Association of the company are filed at Companies House,…

Abusive email puts employer on the spot

An abusive rejection letter sent by email to a jobseeker has landed a company director in hot water. The email was sent to 48 year old James Allen, a former serviceman from Devon, who was described in the letter as ‘an old, aesthetically challenged guy with no teeth’. Written by the company director of a window and conservatory manufacturer, the message to the would-be labourer read: “You are not only the most inappropriate person for this job, but probably for any job you will spend the next few years applying…

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