RA 4690 Section 20

Disqualifications.

Section 20

SEC. 20. Disqualifications.—No member of the Board of Directors shall practice any profession or engage in any business, directly or indirectly, affected by or related the exercise of the functions and powers of the Company; nor shall he be financially interested, directly or indirectly, in any contract entered into, or in any special privilege granted by the Company during his term of office. Violation of any of these prohibitions shall constitute a ground for dismissal.

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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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