Question
1. Which statement is correct regarding by-laws? a. The right to amend and adopt by-laws resides with the stockholders and can never be delegated to
1. Which statement is correct regarding by-laws?
a. The right to amend and adopt by-laws resides with the stockholders and can never be delegated to the Board alone
b. May contain provisions on good governance. anti-graft corruption measures, and arbitration agreement
c. There is only 1 way or method to adopt and to amend by-laws
d. Needs only to be consistent with the Articles of Incorporation
2. The Board of Directors of a stock corporation whose head office is in Makati may hold regular meetings in Davao City
a. TRUE
b. FALSE
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Auditing and Assurance Services
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
6th edition
978-1259197109, 77632281, 77862341, 1259197107, 9780077632281, 978-0077862343
