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What is Board of Directors: Terms & Liabilities about?

The document discusses the governance of corporations under Philippine law. It addresses: 1) The board of directors exercises corporate powers, conducts business, and controls corporate property. Directors serve one-year terms while trustees serve up to three-year terms. 2) Corporations vested with public interest must have at least 20% independent directors elected by shareholders. Independent directors must be independent of management. 3) The business judgment rule protects board decisions from scru

Author

Chezka Celis

Language

EN