Document background
The Operating Agreement For Corporation is a crucial document used when establishing or updating the governance structure of a Hong Kong corporation. It becomes particularly important when multiple shareholders are involved or when sophisticated governance mechanisms are required. This document operates within the framework of Hong Kong's Companies Ordinance and common law system, providing detailed provisions for corporate operations that go beyond the standard Articles of Association. It addresses key aspects such as shareholder rights, management responsibilities, share transfers, dispute resolution, and protection mechanisms for minority shareholders. The agreement is essential for both newly incorporated companies and existing corporations seeking to formalize their operational procedures and stakeholder relationships.
