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Sec. 30 Corporation Code of the Philippines

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1 Sec. 30 Corporation Code of the Philippines on Tue Nov 05, 2013 8:39 pm


Arresto Menor
Gusto ko lng po mag-clarify sa section na ito ng corp. code of the phils.

"Sec. 30. Compensation of directors. - In the absence of any provision in the by-laws fixing their compensation, the directors shall not receive any compensation, as such directors, except for reasonable pre diems: Provided, however, That any such compensation other than per diems may be granted to directors by the vote of the stockholders representing at least a majority of the outstanding capital stock at a regular or special stockholders' meeting. In no case shall the total yearly compensation of directors, as such directors, exceed ten (10%) percent of the net income before income tax of the corporation during the preceding year. "

dun po ba sa "net income" na sinasabi dito ay bawas na po ang nareceive ng board of directors na compensation previous year?
ang alam ko po kasi "as is" net income means less n lng lahat lahat, tax lang ang hindi included. tinanong po kasi ito ng isa sa aming director. ang interpretation nya ay hindi dapat isinama ang compensation nila prev. year.

thanks po ng marami.

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