It is the policy of the State to encourage debtors, both juridical and natural persons, and their creditors to collectively and realistically resolve and adjust competing claims and property rights.
All stockholders of a corporation shall enjoy preemptive right to subscribe to all issues or disposition of shares of any class, in proportion to their respective shareholdings in the corporation.
Attending online meetings as a shareholder? Read here: BOARD MEETINGS THROUGH TELECONFERENCING AND OTHER REMOTE OR ELECTRONIC MEANS OF COMMUNICATION Stockholders’ meetings are either regular or special A Shareholder may put an item on the agenda for stockholders’ meetings Any officer of the corporation may not unjustly refuse to allow a shareholder to exercise his Read more about MAY A SHAREHOLDER PUT AN ITEM ON THE AGENDA FOR STOCKHOLDERS’ MEETINGS?[…]
Read also: Trust as tool for securing corporate assets from dissipation A corporation may sell its assets In selling corporate assets, a majority vote of its board of directors or trustees is required If the sale is of all or substantially all of the corporation’s properties and assets, it must be authorized by the vote Read more about SHAREHOLDERS’ APPROVAL ON SALE OF CORPORATE ASSETS[…]
Corporations offer a range of advantages, including limited liability, access to capital, perpetual existence, enhanced credibility, and the ability to attract talent. However, they also come with drawbacks such as complexity, double taxation, regulatory burdens, potential conflicts of interest, and reduced personal control.
Stock market transactions affect the general public and the national economy. The rise and fall of stock market indices reflect to a considerable degree the state of the economy. Trends in stock prices tend to herald changes in business conditions.
(Philippine Stock Exchange, Inc., et al. v. Secretary of Finance, et al., G.R. No. 213860, July 05, 2022)
Under the “business judgment rule”, the courts are barred from intruding into the business judgments of the corporation, when the same are made in good faith.
No share may be deprived of voting rights except those classified and issued as preferred or redeemable shares, unless otherwise provided in the Revised Corporation Code.
The rights of a stockholder are categorized into three: Management Rights, Proprietary Rights, and Remedial Rights.
A sole proprietorship is a form of business organization with only one proprietary owner, a single individual who conducts business under his own name or a business name. (p.3, Commentaries and Jurisprudence on the Revised Corporation Code of the Philippines, Aquino, 2020)
