Summary
The Corporation Code of the Philippines discusses the following subjects: general provisions definitions and classifications; incorporation and organization of private corporations; board of directors/trustees and officers; general meetings; stocks and stockholders; corporate books and records; mergers and consolidation; appraisal; non-stock corporations (which includes: members, trustees and offices, and distribution of assets in non-stock corporations); close corporations; special corporations (which includes: educational corporations and religious corporations); dissolution; foreign corporations; and miscellaneous corporations. The Corporation Code provides the structure and guidelines needed to establish a corporation in the Philippines and also outlines governance procedures in various types of organizations, with accompanying reporting requirements.