Mar 092016
As we near the end of the first quarter of the year, most companies are also busy finalizing their audited financial statements for the financial year ending December 2015. In parallel with this and as a matter of good corporate practice, an annual stockholders’ or members’ meeting should be arranged. The Philippine Corporation Code mandates the holding of an annual stockholders or members meeting on a date fixed in the by-laws, or if not fixed, on any date in April of every year as determined by the board of directors or trustees.