11. Under the Revised Corporation Code, what is the latest period for the holding of new election in case of nonholding of elections of directors/trustees?

It shall not be later than 60 days from the scheduled date or original date.

It shall not be later than 50 days from the scheduled date or original date.

It shall not be later than 40 days from the scheduled date or original date.

It shall not be later than 30 days from the scheduled date or original date.

12. Under the Revised Corporation Code, what are the duties to be performed by the directors or trustees?

Duties prescribed by law

Duties prescribed by rules of good governance

Duties prescribed by the by-laws of the corporation

All of them

13. What is the period for reporting the names, nationalities and residences of directors, trustees and officers elected to the SEC by the corporate secretary or any other officer?

Within 30 days after the election

Within 20 days after the election

Within 10 days after the election

Within 40 days after the election

14. As a general rule, the vacancy in the board of directors/trustees may be filled up only by the stockholders/members through an election called for that purpose. The following are the instances wherein vacancy in the board of directors/trustees shall be filled up only by stockholders or members but not by the remaining director or trustee with quorum, except

If the vacancy results from the removal by the stockholders or expiration of term.

lithe vacancy results from the expiration of term.

If the vacancy is created by reason of an increase in the number of directors or trustees.

If the vacancy is referred by the board of directors to the shareholders.

If the vacancy results from death, resignation, abandonment, or disqualification and the remaining members of the board still constitutes a quorum.