Jelena and Patrick Are Starting a Retail Sporting Goods Business

Jelena and Patrick are starting a retail sporting goods business. They have incorporated a corporation to carry on the business. Jelena has 60 of the 100 issued common shares and Patrick has 1. They have decided that each should be a director and all decisions relating to the business should require the consent of both of them. Which of the following is a reason that Jelena and Patrick should have a shareholders' agreement? They need to agree

A) that all shareholder decisions require the consent of both Jelena and Patrick.
B) on some process by which shares may be transferred, such as a right of first refusal.
C) that each should be elected a director.
D) to restrict the transfer of shares, except in accordance with the agreement.
E) all of the above