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Corporation Code of the Philippines

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Summary

The Corporation Code of the Philippines discusses the following subjects: general provisions definitions and classifications; incorporation and organization of private corporations; board of directors/trustees and officers; general meetings; stocks and stockholders; corporate books and records; mergers and consolidation; appraisal; non-stock corporations (which includes: members, trustees and offices, and distribution of assets in non-stock corporations); close corporations; special corporations (which includes: educational corporations and religious corporations); dissolution; foreign corporations; and miscellaneous corporations. The Corporation Code provides the structure and guidelines needed to establish a corporation in the Philippines and also outlines governance procedures in various types of organizations, with accompanying reporting requirements.

Thumbnail image for The Corporation Code of the Philippines discusses the following subjects: general provisions definitions and classifications; incorporation and organization of private corporations; board of directors/trustees and officers; general meetings; stocks and stockholders; corporate books and records; mergers and consolidation; appraisal; non-stock corporations (which includes: members, trustees and offices, and distribution of assets in non-stock corporations); close corporations; special corporations (which includes: educational corporations and religious corporations); dissolution; foreign corporations; and miscellaneous corporations. The Corporation Code provides the structure and guidelines needed to establish a corporation in the Philippines and also outlines governance procedures in various types of organizations, with accompanying reporting requirements.
Issuer

Philippines

Year

2018

Region

Asia

Issuer (type)

Congress of the Philippines (Government)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Voluntary


Main industries targeted
  • Finance & Insurance
  • Education
  • Real Estate, Rental & Leasing
  • Administrative, Support, Waste Management
Restrictiveness

High

Sustainable Development Goals (SDGs)
  • SDG 5: Gender Equality
  • SDG 14: Life Below Water

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