Who are the mandatory officers required for a corporation, and what restrictions apply to holding multiple offices?
Immediately after their election, the directors must formally organize and elect a president, who is required to be a director (SEC. 24, Revised Corporation Code of the Philippines). They must also elect a treasurer, who must be a resident of the Philippines, and a corporate secretary, who must be both a citizen and resident of the Philippines. While the same person is generally permitted to hold two or more positions concurrently, a critical restriction prohibits any individual from simultaneously acting as president and secretary or as president and treasurer, unless specific exceptions are allowed in the Code. Corporations vested with public interest must also elect a compliance officer.
02 November 2025
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