Internal Controls

What constitutes prima facie evidence of corporate liability when the corporation is used for graft and corrupt practices?

Legal Answers /

What constitutes prima facie evidence of corporate liability when the corporation is used for graft and corrupt practices? A corporation used for fraud or for committing or concealing graft and corrupt practices shall be liable for a fine ranging from One hundred thousand pesos (P100,000.00) to Five million pesos (P5,000,000.00) (SEC. 166, Revised Corporation Code […]

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Name two reports or statements that the board of directors must endeavor to present at each regular meeting.

Legal Answers /

Name two reports or statements that the board of directors must endeavor to present at each regular meeting. At each regular meeting, the board must endeavor to present a detailed, descriptive, balanced, and comprehensible assessment of the corporation’s performance, including information on any material change in business or strategy (SEC. 49, Revised Corporation Code of

Name two reports or statements that the board of directors must endeavor to present at each regular meeting. Read More »

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