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Board of Directors

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1 Board of Directors on Mon Jan 14, 2013 11:03 pm

aizle


Arresto Menor
gud pm. ask lang po ako uli. ang amin pong school batch ay may panukalang magkaroon ng board of directors. although may set of officers na rin po ang aming batch.
1. san po ba talaga dapat ginagamit ang term na "board of directors". hindi pa naman po kami registered sa sec.
2. sa tingin nyo po ba ay kelangan pa ang"board of directors" sa isang organization na kagaya namin?

thanks po and more power!

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2 Re: Board of Directors on Tue Jan 15, 2013 2:12 pm

tsi ming choi


Reclusion Perpetua
Ganito po yun, Under the corporation code, there are 2(two) types of corporation, one is a stock corporation(profit), and the other is a non-stock corporation(non-profit).

The term board of directors must be used in case your corporation is a stock corporation. BOard of trustees in case your corporation is a non-stock corporation.

aizle wrote:
1. san po ba talaga dapat ginagamit ang term na "board of directors". hindi pa naman po kami registered sa sec.

For legality purposes, the term "board of directors" or "board of trustees" must be used AFTER the corporation has been registered or incorporated before teh SEC.

aizle wrote:
2. sa tingin nyo po ba ay kelangan pa ang"board of directors" sa isang organization na kagaya namin?

Yes, Board of trustees to direct the affairs of the school aside from set of batch officers.

Board of trustees not board of directors considering your school is organized not for profit and not a corporation.

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