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Archives for October 2020

Shareholders Agreement

DEFINITION A shareholders’ agreement is essentially a corporate pre-nuptial agreement. A shareholders’ agreement is, as you might expect, an agreement between the shareholders of a company. It can be between all or, in some cases, only some of the shareholders (like, for instance, the holders of a particular class of share). Its purpose is to protect the shareholders’ investment…

BOARD CHARTER

BOARD CHARTER A board charter is a policy document that clearly defines the respective roles, responsibilities and authorities of the board of directors (both individually and collectively) and management in setting the direction, the management and the control of the organisation. BENEFITS OF BOARD CHARTERS Assists the corporation’s leadership in delivering good governance; Documents the…

Establishing an ESOP in Kenya

Establishing an ESOP in Kenya AN EMPLOYEE SHARE OWNERSHIP PLAN An employee share ownership plan (ESOP) is a mechanism that enables and facilitates employee ownership in a company. Employee ownership schemes are an attractive form of giving employees an opportunity to participate in the ownership and decision making of their company. An employee share ownership…