What percentage of stock or membership is required to constitute a quorum for the election of directors or trustees?
For the election of directors or trustees, there must be present, either in person or through a written proxy, the owners of a majority of the outstanding capital stock (SEC. 23, Revised Corporation Code of the Philippines). If the entity is a nonstock corporation, the requirement is a majority of the members entitled to vote. Stockholders or members are permitted to vote through remote communication or in absentia if authorized by the bylaws or the board, and a participant using these modes is still counted as present for quorum purposes. This ensures that only a substantial number of owners can validly proceed with an election.
02 November 2025
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