Question

A corporation code requires that

A. At least a majority of the directors are residents of the Philippines
B. All of the directors or trustees are residents of the Philippines
C. All of the directors or trustees are citizens of the Philippines
D. Majority of the directors are citizens of the Philippines

Answer 1

At least a majority of the directors are residents of the Philippines.

Step-by-step explanation:

The answer to the question is A. At least a majority of the directors are residents of the Philippines.

This means that according to the corporation code, at least more than half of the directors of a corporation must be residents of the Philippines. This requirement ensures that there is local representation and understanding of the domestic market and business environment.

For example, if a corporation has 10 directors, at least 6 of them should be residents of the Philippines.