Closely Held Companies Committee

About the Committee

The mission of the Closely Held Companies Committee is to address issues of particular interest to start ups, owner-managed, closely held and family businesses and their legal advisors, and to organisations with ambitions for growth.

The committee's aim is to provide a focus for the different needs of ownership, management and financing of such organisations.

• management and ownership issues;
• finance and the raising of tier one and two capital;
• shareholder issues and agreements;
• business succession plans;
• exit planning;
• relationships with outside investors;
• protection of minority interests;
• dispute monitoring and resolution;
• the role of professionals in management and advisory roles; and
• relevant issues arising from tax, employment, real estate, estate planning and family law.

Projects and reports

The IBA Guide on Shareholders’ Agreements

The IBA Guide on Shareholders' Agreements, prepared by this Committee, provides practical information on the legal rules on shareholders’ agreements and their application in each contributing jurisdiction. Many of the submissions have been updated (as indicated).

Subcommittees and other groups

The Closely Held Companies Committee also coordinates the activities of the following subcommittees/working groups.

• Closely Held Companies Committee Advisory Board