Practice question
Article XII, Section 11 limits foreign investors’ participation in a public utility’s governing body to what?
- All seats whenever any foreign share exists
- No legally stated limit
- Their proportionate share in its capital
- Whatever a foreign investor demands
- Every seat except one regardless of ownership
Legal references
- 1987 Constitution: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/3/353; Article XII, Section 11.
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