All ▸ Bar 2024 ▸ COMMERCIAL AND TAXATION LAWS ▸ I. CORPORATION LAW (R.A. No. 11232, Revised Corporation Code) ▸ D. Directors, Trustees, and Officers ▸ 1. Qualifications and Disqualifications - Sections 22-26

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Directors, Trustees, and Officers: Qualifications and Disqualifications

In a corporate meeting, the shareholders of XYZ Corporation, a Philippine corporation engaged in the manufacturing industry, are discussing the appointment of its board of directors. The proposed nominees for directorship include individuals who have outstanding criminal charges pending against them. Additionally, one of the nominees is a minor. The shareholders are divided on the issue, with some arguing that the nominees should be disqualified based on their criminal charges and the age requirement, while others believe that these factors should not affect the nominees' eligibility to become directors.

Based on the provisions of the Corporation Code of the Philippines, particularly Sections 22-26, answer the following questions:

Are individuals with pending criminal charges disqualified from being directors of a Philippine corporation? Explain.
Is a minor eligible to be appointed as a director of a Philippine corporation? Provide a legal basis for your answer.

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