Description
Historically, the Corporation Code of the Philippines was enacted in 1980, or 35 years ago. According to Senator Drilon during his sponsorship speech — “If we are to keep up with the rest of the financial world, we need to codify the best international corporate practices and address the archaic bottlenecks in the areas of starting a business, and protecting minority investors.” Senator Drilon goes on to state the country must likewise provide an environment conducive not just to big businesses, but make the corporate vehicle an appealing prospect for startups and entrepreneurs.
