Document background
The Shareholder Representative Agreement is a crucial document in Nigerian corporate governance, typically used when multiple shareholders wish to appoint a single representative to act on their behalf in corporate matters. This arrangement is particularly common in companies with diverse shareholding structures, foreign investors, or when professional representation is required for effective participation in corporate governance. The agreement, governed by Nigerian law and compliant with CAMA 2020, details the scope of the representative's authority, including voting rights, decision-making powers, reporting obligations, and communication protocols. It provides essential protection for both the shareholders and the representative while ensuring efficient shareholder participation in corporate affairs. The document is especially relevant for publicly listed companies, joint ventures, and companies with institutional investors.
