CHIEF FINANCIAL OFFICER CFO OR TREASURER CORPORATE OFFICER Handles all the

Chief financial officer cfo or treasurer corporate

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CHIEF FINANCIAL OFFICER (CFO) OR TREASURER CORPORATE OFFICER
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Handles all the corporation s administrative and informative work, safekeeping and preserve records, documents and minutes of all meetings. Must be a natural person and is of legal age Must be a Filipino citizen and not just a resident of the Philippines A person cannot be the President and the Corporate Secretary at the same time or the President and Corporate Treasurer at the same time. CORPORATE SECRETARY CORPORATE OFFICER
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The by-laws of a corporation may create an executive committee, composed of not less than three members of the board, to be appointed by the board (Sec. 35). Such committee may act on specific matter within the competence of the board as may be delegated by the by-laws or majority vote of the board, except the following: Approval of any action for which shareholders' approval is also required; Filing of vacancies in the board; Amendment, repeal or adoption of by-laws; Amendment or repeal of any resolution of the board which by its express terms is not so amendable or repealable; and Distribution of cash dividends to the shareholders. EXECUTIVE COMMITTEE
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Stockholders Meetings Directors/Trustees Meetings Regular Meeting Special Meeting MEETINGS
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Every meeting (regular or special) should comply with the following requisites to be considered as authorized: A notice of such meeting must be served A quorum (i.e. majority of the outstanding capital stock of the corporation) must be fully established MEETING
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Regular meetings of stockholders or members shall be held annually on a date fixed in the by-laws , or if not so fixed, on any date in April of every year as determined by the board of directors or trustees. Written notice of regular meetings shall be sent to all stockholders or members of record at least two (2) weeks prior to the meeting , unless a different period is required by the by-laws. Special meetings of stockholders or members shall be held at any time deemed necessary or as provided in the by-laws: Provided, however, That at least one (1) week written notice shall be sent to all stockholders or members, unless otherwise provided in the by-laws. STOCKHOLDERS MEETING CONDUCT OF (SEC. 50, BP BLG. 68)
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Whether regular or special, it shall be held in the city or municipality where the principal office of the corporation is located , and if practicable in the principal office of the corporation. Notice of meetings shall be in writing, and the time and place thereof. All proceedings had and any business transacted at any meeting of the stockholders or members, if within the powers or authority of the corporation, shall be valid even if the meeting be improperly held or called, provided all the stockholders or members of the corporation are present or duly represented at the meeting.
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  • Fall '19
  • Gilbert R. Huafana

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