Question

Create a practical scenario regarding the election process of directors, trustees, and officers of a corporation. Consider the provisions of Sections 23, 25, and 91 of the relevant Philippine law.

1. Explain the qualifications and disqualifications for individuals seeking election as directors, trustees, or officers. Discuss the requirements, if any, for shareholders or members to nominate candidates.
2. Outline the procedures for conducting the election, including the notice requirements, voting procedures, and any necessary quorum or approval thresholds. Discuss any specific provisions on cumulative voting, if applicable.
3. Describe the duties and responsibilities of the election committee or the designated individuals responsible for overseeing the election process. What actions should they take to ensure a fair and transparent election?
4. Illustrate the consequences of any violations or irregularities in the election process, both for the candidates and the corporation itself. Discuss the procedures for challenging the election results, if any.