What are the requirements for proxies and their maximum period of validity?
Proxies must be in writing, signed and filed by the stockholder or member, and submitted in any form authorized in the bylaws (SEC. 57, Revised Corporation Code of the Philippines). They must be received by the corporate secretary within a reasonable time before the scheduled meeting. Unless otherwise specified in the proxy form itself, a proxy shall be valid only for the meeting for which it is explicitly intended. Crucially, no proxy shall be valid and effective for a period longer than five (5) years at any one time, ensuring that long-term delegation of voting rights is periodically reviewed.
30 October 2025
About Nicolas and De Vega Law Offices
Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
