Can Separated Spouses Serve Rival Corporations?
Philippine rules on interlocking directorships when separated spouses operate competing corporations, including conflicts, by-laws, disclosures, and director liability.
Who Does Corporate Counsel Represent During Boardroom Disputes?
Philippine rules explain why corporate counsel represents the corporation—not individual directors or shareholders—during boardroom control disputes.
Who Does Corporate Counsel Represent During Boardroom Disputes? Read More »
Are managerial employees allowed to join labor organizations?
Managerial employees are completely ineligible to join, assist, or form any labor organization to avoid harmful conflicts of interest.
Are managerial employees allowed to join labor organizations? Read More »
Are high-ranking government officials allowed to obtain business loans from government-owned banks during their tenure?
High-ranking officials are prohibited from securing business loans or financial accommodations from government-owned banks during their tenure.
What must a member do if a conflict of interest arises from legislation?
Congress members must notify their respective house of any potential conflict of interest regarding legislation they author or file.
What must a member do if a conflict of interest arises from legislation? Read More »
When must a management contract be approved by a two-thirds (2/3) vote of the managed corporation’s stockholders?
When must a management contract be approved by a two-thirds (2/3) vote of the managed corporation’s stockholders? A management contract requires approval by the stockholders of the managed corporation owning at least two-thirds (2/3) of the total outstanding capital stock entitled to vote under two specific scenarios (SEC. 43, Revised Corporation Code of the Philippines).
