Practice question
Which stockholder vote may grant director compensation and approve its amount under section 29?
- One director’s vote
- At least a majority of outstanding capital stock at a regular or special meeting
- Only a majority of employees
- Only the auditor’s signature
- Only one creditor’s consent
Legal references
- https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463 — RA 11232, section 29
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