director

What officer positions are automatically assumed by the single stockholder in a One Person Corporation?

What officer positions are automatically assumed by the single stockholder in a One Person Corporation? In a One Person Corporation, the single stockholder shall automatically be the sole director and president of the corporation (SEC. 121, Revised Corporation Code of the Philippines). This consolidation of directorial and executive power is a hallmark of the OPC

What officer positions are automatically assumed by the single stockholder in a One Person Corporation? Read More »

What are the three categories of final judgment convictions that disqualify a person from holding corporate office?

What are the three categories of final judgment convictions that disqualify a person from holding corporate office? A person is disqualified from being a director, trustee, or officer of any corporation if, within five (5) years prior to election, they were convicted by final judgment for specific offenses (SEC. 26, Revised Corporation Code of the

What are the three categories of final judgment convictions that disqualify a person from holding corporate office? Read More »