The shareholders’ agreement may contain all kinds of clauses relating to the functioning of the company and its internal organisation.
For example, it may contain a clause that divides the tasks within the company. It could stipulate that one shareholder-director is mainly responsible for sales and therefore signs sales contracts, while another is mainly responsible for purchases and therefore signs contracts with suppliers.
It should be noted that each director is obliged to fully exercise his or her management functions. He can never avoid his responsibility as a director by including such a clause in a shareholder agreement or even in the articles of association.
It can also contain a clause that decides who will be paid and how, a clause that determines who will perform which function, etc.
