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In this video, Brend from Company Partners discusses the significance of share certificates and shareholders agreements. He clarifies the distinction between directors and shareholders: directors are registered in company documents and manage daily operations, while shareholders own the company and hold power. It’s possible for one person to be both a director and a shareholder, but they have different roles. A director without shares acts as an employee and can be held liable for unethical behavior or bankruptcy issues. When a company is registered with CIPC, only the directors appear in the registration documents, not the shareholders.
