Compensation of Directors or Trustees of a Corporation
Directors and trustees of a corporation are not automatically entitled to compensation for their services.
Compensation of Directors or Trustees of a Corporation Read More »
Liability for Directors: 7 Important Insights into Philippine Corporate Governance
This article discusses what every director needs to know about criminal, civil and administrative liability for directors under the revised corporation code.
Liability for Directors: 7 Important Insights into Philippine Corporate Governance Read More »
Understanding the Changes in the Revised Corporation Code of the Philippines
Introduction The Revised Corporation Code of the Philippines, enacted through Republic Act 11232, marks a significant shift in the landscape of corporate governance and business operations within the country. Signed into law on February 20, 2019, this new code aims to modernize corporate procedures, enhance ease of doing business, and promote good governance practices among
Understanding the Changes in the Revised Corporation Code of the Philippines Read More »
The Qualifications, Duties and Responsibilities of a Corporate Treasurer
This article discusses the functions, office, qualifications duties, and responsibilities of a Corporate Treasurer under the Revised Corporation Code of the Philippines.
The Qualifications, Duties and Responsibilities of a Corporate Treasurer Read More »
How Many Incorporators are Required to Form a Corporation?
The Revised Corporation Code allows one (1) incorporator for a One Person Corporation (OPC) while a corporation that is not an OPC requires at least two (2) but not more than fifteen (15) incorporators.
How Many Incorporators are Required to Form a Corporation? Read More »
What is the Minimum Number of Shares of Stock to Form a Corporation?
There is NO minimum number of shares of stock required for a corporation to possess. However, certain industries or corporations with foreign equity are required to have a minimum paid-up capital.
What is the Minimum Number of Shares of Stock to Form a Corporation? Read More »
What is a Proxy?
This article is all about corporate proxies, their use, and the laws and regulations that govern them in the Philippines.
How to Elect Directors of a Corporation
Directors are elected by the stockholders of a corporation in an election held where the owners of majority of the outstanding capital stock, whether in person or through proxy, are present.
How to Elect Directors of a Corporation Read More »
Protection of Trade Names
A trade name pertains to the identity of a company and is given protection by the law even prior to or without registration, against any unlawful act committed by third parties. The right to the exclusive use of a corporate name with freedom from infringement by similarity is determined by priority of adoption. The injured company can seek relief from the SEC.
Protection of Trade Names Read More »
Steps Required to Declare Cash Dividends in Corporations
This outlines the steps which must be complied with for a corporation to validly declare cash dividends.
Steps Required to Declare Cash Dividends in Corporations Read More »
