Practice question
Under Section 28, newly created directorships from an increase in board size are filled by which body through the prescribed election?
- Only the corporate accountant
- Only the old directors acting alone
- Only a private investor
- Only the bank manager
- The stockholders or members
Legal references
- Revised Corporation Code, RA 11232, Sections 23 and 28: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html
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