Compensation

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1. Absent a bylaw provision fixing compensation, what may directors receive in their capacity as directors without the sep…
2. Which stockholder vote may grant director compensation and approve its amount under section 29?
3. The yearly director-compensation ceiling uses which income base?
4. A corporation’s preceding-year net income before income tax was P8,000,000. What is section 29’s maximum total yearly d…
5. Directors propose voting on the amount of their own per diems. What does section 29 provide?
6. A corporation has P10,000,000 preceding-year net income before tax. Stockholders validly approve P900,000 total yearly …
7. A corporation vested with public interest pays its directors and claims that compensation need not be disclosed because…
8. State section 29’s default compensation rule and the stockholder approval route.
9. Calculate the yearly director-compensation ceiling where preceding-year net income before tax is P15,000,000. Explain w…
10. Explain the self-participation and public-interest reporting safeguards in section 29.
11. For trustees in a nonstock corporation, Section 29’s member-approval route to grant compensation requires what membersh…
12. Is Section 29’s ten-percent annual director-compensation ceiling calculated separately for every director?