Document background
The Unanimous Shareholder Agreement is a fundamental document for corporations in the Philippines where all shareholders wish to establish clear guidelines for corporate governance and mutual obligations. This agreement becomes particularly crucial in closely-held corporations, family businesses, or joint ventures where shareholders need to agree unanimously on key business decisions. The document must comply with the Revised Corporation Code of the Philippines and typically includes provisions for share transfers, voting rights, management structure, dispute resolution, and exit mechanisms. It serves as a vital tool for preventing potential conflicts while ensuring all shareholders' interests are protected and aligned with corporate objectives. The agreement is especially relevant when shareholders want to establish more detailed governance rules than those provided by standard corporate bylaws.
