# Shareholders agreement review
> Source: https://legalcode.md/skills/legalcode-shareholders-agreement-review | [HTML version](https://legalcode.md/skills/legalcode-shareholders-agreement-review)

Review shareholders agreements clause-by-clause — flag governance imbalances, generate confidence-scored redlines, and produce an auditable minority protection analysis.

Review shareholders agreements clause-by-clause — flag governance imbalances, generate confidence-scored redlines, and produce an auditable minority protection analysis. Use when reviewing shareholders agreements, voting agreements, investor rights agreements, subscription agreements, or any governance document covering drag-along and tag-along rights, anti-dilution protections (full ratchet vs. weighted average), ROFR/ROFO, pre-emptive rights, board composition and nomination rights, reserved matters, information and inspection rights, dividend policies, deadlock resolution mechanisms, and exit provisions (IPO, trade sale, buyback, redemption). Jurisdiction-aware with detailed US/UK/IN/AU coverage and [JURISDICTION-SPECIFIC] markers. GREEN/YELLOW/RED classification with redline suggestions. Evaluates minority protection adequacy and majority control balance across all 12 core SHA clause categories. Produces an auditable Glass Box analysis with Glass Box audit trail.

This skill reviews shareholders agreements (SHAs), voting agreements, and investor rights agreements clause-by-clause against market-standard positions and any available organizational playbook. It identifies governance imbalances, minority protection gaps, and majority overreach, classifies their severity, generates actionable redline suggestions, and produces a confidence-scored, auditable analysis with a minority protection scorecard. **Covers:** - Clause-by-clause analysis across all 12 core SHA clause categories - Minority protection vs. majority control balance assessment - Deviation classification (GREEN / YELLOW / RED) - Redline generation with fallback positions - Missing clause detection - Business impact assessment and negotiation strategy - Jurisdiction-specific analysis across US, UK, India, and Australia - Quality-verified output with Glass Box audit trail **Does not:** - Draft new shareholders agreements (use a drafting-specific skill) - Provide legal advice or replace qualified corporate counsel - Review financial models, cap tables, or valuation mechanics (refer to financial advisers) - Provide advice on securities law compliance (prospectus, placement, SEBI/SEC filings) - Apply exclusively to any single jurisdiction — jurisdiction-aware with [JURISDICTION-SPECIFIC] markers **Complementary skills:** - `legalcode-purchase-agreement-review` — for the SPA/APA reviewing the acquisition itself - `legalcode-ma-due-diligence-checklist` — for the broader M&A due diligence workstream - `legalcode-indemnification-analysis` — for deep-dive on the indemnification mechanics This skill is ...

## Jurisdictions

Global



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