Practice question
Absent a bylaw provision fixing compensation, what may directors receive in their capacity as directors without the separate compensation grant described in section 29?
- Any salary they secretly choose
- Unlimited commissions
- Reasonable per diems
- All corporate profits
- Every shareholder’s dividends
Legal references
- https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463 — RA 11232, section 29
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