SHA Structuring: The Clauses That Kill Deals at the Last Mile

Published Date –

June 23, 2026

Sumeet Seraf
Valuation
Views 27

Governance Rights

Common issues include:

Board composition
Voting thresholds
Reserved matters
Founder decision-making authority

Excessive investor control can discourage founders, while insufficient governance may concern institutional investors. A balanced governance structure promotes accountability without limiting operational flexibility.

Most deals that fall apart at the documentation stage do so because of three specific SHA provisions. We break down what they are and how to handle them.

Lorem ipsum dolor sit amet consectetur. Vestibulum sed velit vestibulum.

Lorem ipsum dolor sit amet consectetur. Quam vestibulum habitasse augue nunc. Erat a posuere massa aliquet enim lacinia volutpat. Lectus adipiscing arcu vulputate turpis arcu augue ut metus. Sagittis a amet aliquam mi sed id bibendum.Lorem ipsum dolor sit amet consectetur. Quam vestibulum habitasse augue nunc. Erat a posuere massa aliquet enim lacinia volutpat. Lectus adipiscing arcu vulputate turpis arcu augue ut metus. Sagittis a amet aliquam mi sed id bibendum.Lorem ipsum dolor sit amet consectetur.

Quam vestibulum habitasse augue nunc. Erat a posuere massa aliquet enim lacinia volutpat. Lectus adipiscing arcu vulputate turpis arcu augue ut metus. Sagittis a amet aliquam mi sed id bibendum.Lorem ipsum dolor sit amet consectetur. Quam vestibulum habitasse augue nunc. Erat a posuere massa aliquet enim lacinia volutpat. Lectus adipiscing arcu vulputate turpis arcu augue ut metus. Sagittis a amet aliquam mi sed id bibendum.

Lorem ipsum dolor sit amet consectetur. Vestibulum sed velit vestibulum.

Search Posts

Blog Categories

Why Your Valuation Deck Is Getting Rejected by Institutional Investors

Five common valuation mistakes we see in Indian growth-stage companies — and the precise fixes that get decks past institutional

India’s Mid-Market PE — What Founders Need to Know in 2025 – Copy

The PE landscape is shifting. Deal timelines are longer, diligence is deeper, and valuations are more disciplined. Here’s what that