Write an essay answering the following questions:

1.Define shareholder agreement. Explain how it is different to articles of association. (2 Marks)

2.Explain the reasons for preparing and providing a shareholder agreement. (2 Marks)

3.State the items that a shareholder agreement includes. Briefly explain each of these. (2 Marks)

4.Explain the benefits and drawbacks of preparing a shareholder agreement. (2 Marks)

5.In your opinion, do you think preparing a shareholder agreement is desirable? Provide reasons to support your answer. (2 Marks)