{"id":203232,"date":"2019-02-21T02:50:36","date_gmt":"2019-02-21T07:50:36","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=203232"},"modified":"2019-02-21T02:50:36","modified_gmt":"2019-02-21T07:50:36","slug":"ph-more-biz-friendly-with-revised-corporation-code","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2019\/02\/21\/ph-more-biz-friendly-with-revised-corporation-code\/","title":{"rendered":"PH more biz-friendly with Revised Corporation Code"},"content":{"rendered":"<figure id=\"attachment_203234\" aria-describedby=\"caption-attachment-203234\" style=\"width: 1350px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/02\/Duterte-1-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-203234\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/02\/Duterte-1-1.jpg\" alt=\"\" width=\"1350\" height=\"900\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/02\/Duterte-1-1.jpg 1350w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/02\/Duterte-1-1-300x200.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/02\/Duterte-1-1-768x512.jpg 768w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/02\/Duterte-1-1-1024x683.jpg 1024w\" sizes=\"auto, (max-width: 1350px) 100vw, 1350px\" \/><\/a><figcaption id=\"caption-attachment-203234\" class=\"wp-caption-text\">President Rodrigo Roa Duterte leads the ceremonial signing of the Revised Corporation Code and the Universal Health Care Act at the Malaca\u00f1an Palace on February 20, 2019. ROLANDO MAILO\/PRESIDENTIAL PHOTO<\/figcaption><\/figure>\n<p>MANILA\u00a0&#8212; The newly-signed Revised Corporation Code of the Philippines will help simplify corporate governance, provide a more business-friendly environment and boost the competitiveness of the country&#8217;s economy, President Rodrigo R. Duterte said.<\/p>\n<p>&#8220;I also sign today the Revised Corporation Code which seeks to simplify corporate governance standards and establish a more business-friendly environment that will enable corporations and other juridical entities to thrive,&#8221; Duterte said in his speech at the ceremonial signing of the Revised Corporation Code and other landmark legislations in Malaca\u00f1ang on Wednesday.<\/p>\n<p>One of the salient provisions of the new law is the removal of the minimum limit on the number of shareholders required to register a corporation from five to allowing one person to register a business as a corporation.<\/p>\n<p>Other provisions include allowing stockholders to vote remotely on meetings and giving the Securities and Exchange Commission power to remove directors and update the provisions on records-keeping and records access based on current technologies.<\/p>\n<p>The new law also provides protection to minority stockholders by requiring corporations vested with the public interest to have independent directors.<\/p>\n<p>The measure amends Batas Pambansa 68, or the Corporation Code of the Philippines, that was passed on May 1, 1980.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0&#8212; The newly-signed Revised Corporation Code of the Philippines will help simplify corporate governance, provide a more business-friendly environment and &hellip;<\/p>\n","protected":false},"author":33,"featured_media":203234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1145,16,95],"tags":[],"class_list":["post-203232","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headline","category-news","category-news-ph","mauthors-ej-roque","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/203232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=203232"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/203232\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/203234"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=203232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=203232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=203232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}