DIRECTOR MEETINGS VERSUS STOCKHOLDER MEETINGS

Directors Stockholders
Not allowed. They need to hear each
Proxy others views, deliberate about them, Allowed
and decide.
Regular Special Regular Special

Annually as fixed
Any time upon call in the by-laws; if Any time deemed
Date Monthly*
of the President* no date, any date necessary
in April

1-day notice* 1-day notice* 2-week notice* 1-week notice*

City or municipality where the principal

office of the corporation is located
(preferred at the principal office of the
corporation)
Anywhere inside or outside the
Place Philippines* Metro Manila is a city.
If improperly held or called, it is valid
if within the power of the corporation
and ALL stockholders are present or
duly represented.

Quorum Majority* Majority

Presider The President shall preside.*
*unless the by-laws provide otherwise

Cities/municipalities of Metro Manila:

1. Manila 9. Navotas 17. Taguig
2. Mandaluyong 10. Valenzuela
3. Marikina 11. Las Pias
4. Pasig 12. Makati
5. Quezon City 13. Muntinlupa
6. San Juan 14. Paraaque
7. Caloocan 15. Pasay
8. Malabon 16. Pateros