An anti-dilution economic provision would protect that investor by stipulating that, if it issues shares at a lower price than the previous round in which that preferred shareholder invested, it may receive more common shares upon conversion to make them whole. 1) Sellers have the right and right to sell shares in the manner and conditions defined in the contract. A SHA usually indicates the number of initial board members (and often their names and other details) and sometimes the rights of certain shareholders to appoint a certain number of board members. Other shareholders who do not have the right to appoint directors must vote in accordance with the articles of the company. .