Shareholders' Agreements · glossary
The company's articles of association: its public rulebook, filed at Companies House. They bind the company and every member, and change only by special resolution. Where they clash with the shareholders' agreement, the agreement wins between the owners. Definition: Articles · Clause 21.1 · Chapter 1 · Chapter 10
Explained in Chapter 1, Why the Articles Are Not Enough, of Shareholders' Agreements.
Under the Companies Act 2006 and the articles of association (the company's public rulebook), more than half the votes passes an ordinary resolution. That can remove any director (section 168). At least 75% passes a special resolution, which is needed to change the articles.Read Chapter 1, Why the Articles Are Not Enough →
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the articles of association of the Company adopted at Completion, as amended from time to time, extracts of which are in Schedule 6;Read the definition in the document →
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