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AllBar 2024COMMERCIAL AND TAXATION LAWSI. CORPORATION LAW (R.A. No. 11232, Revised Corporation Code)D. Directors, Trustees, and Officers1. Qualifications and Disqualifications - Sections 22-26

Question

Question D: Directors, Trustees, and Officers - Qualifications and Disqualifications

Scenario: ABC Corporation is undergoing a reorganization and is looking to appoint new directors to its Board. Review the following situations and determine whether the individuals mentioned meet the qualifications or are disqualified to serve as directors under the provisions of Sections 22-26 of the Corporation Code:

  1. John, who is a minor but has been declared emancipated by court order.
  2. Maria, a foreign national who has been residing in the Philippines for the past 10 years and has obtained a permanent resident visa.
  3. James, who is an employee of XYZ Corporation, which is a competitor of ABC Corporation.
  4. Michelle, a certified public accountant (CPA) with 8 years of experience in financial advisory services.
  5. Robert, who was convicted of a crime involving moral turpitude but was subsequently granted a full and unconditional pardon.
  6. Olivia, who is a government official appointed as a member of the Board of Directors of ABC Corporation.



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Bar Review Question: Question D: Directors, Trustees, and Officers - Qualifications and Disqualifications Scenario: ABC