Inheriting a One Person Corporation (OPC): The Role of the Nominee in Business Continuity
Learn how an OPC nominee takes over management upon the owner’s death, timelines for share transfer, and steps for business continuity in the Philippines.
Control Is the Risk: Anti-Dummy Law Compliance for CEOs, CFOs, and General Counsel
This is a comprehensive guide to the Philippines’ Anti-Dummy law dealing with managing foreign ownership risk.
Control Is the Risk: Anti-Dummy Law Compliance for CEOs, CFOs, and General Counsel Read More »
What are two special functions of the Corporate Secretary in a One Person Corporation related to the single stockholder’s status?
What are two special functions of the Corporate Secretary in a One Person Corporation related to the single stockholder’s status? The corporate secretary in a One Person Corporation has special functions beyond typical secretarial duties related to the single stockholder’s status (SEC. 123, Revised Corporation Code of the Philippines). They are responsible for notifying the
What is the purpose of designating a nominee and an alternate nominee in a One Person Corporation?
What is the purpose of designating a nominee and an alternate nominee in a One Person Corporation? The single stockholder must designate both a nominee and an alternate nominee, and their purpose is to ensure the continuity of management (SEC. 124, Revised Corporation Code of the Philippines). These individuals shall, in the event of the
Qualifications of Party-List Nominees
This article talks about the qualifications of party-list nominees pursuant to the Party-List System Act and relevant jurisprudence.
Qualifications of Party-List Nominees Read More »
