Break it down yo! Karen Jimeno discusses changes to Corporate Code

Atty. Karen Jimeno happily listed down the new changes signed into law by President Rodrigo Duterte. The president recently approved the revisions to 38-year old Corporation Code in the Philippines.

Jimeno noted that there are significant changes in the law. The abogado noted that there will be no minimum number of incorporators and the minimum capital stock is now 1 million.

The abogada also noted that the revisions removed the 50-year corporate term limit. She wrote, “Allows remote communication methods in board meetings.”

Ang productive ni Digong ah!

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