I am a 33.3% holder in a private company. Another shareholder also holds 33.3%. He also runs a number of other companies in the same industry and they all operate under the same name but differentiated by a geographical title (e.g (Devon) Ltd, or (Lincoln) Ltd, etc)
Because of his position in the industry, he has more influence on the management of the company. He runs it as though a subsidiary and incorporates the results in his business as a minority interest. He does only hold 33.3% though just to emphasise
I notice in the accounts there is a cross-guarantee with his other companies. If this isn't specifically allowed in the Shareholders Agreement can I object to this arrangement?