In a corporation, which roles cannot be held concurrently by the same person?

In a corporation, certain roles are designed to provide checks and balances within the governance structure. The role of the President typically involves overseeing the operations and management of the corporation, while the Secretary acts as the record-keeper and oversees the corporate formalities and governance processes. Allowing one individual to hold both positions simultaneously could create a concentration of power and reduce accountability, which is contrary to sound corporate governance practices.

The separation of these roles is consistent with the principles outlined in the Revised Corporation Code, aimed at ensuring that no single individual has undue influence over both the operational and procedural aspects of the corporation. This separation helps to foster more transparent decision-making processes and protects the interests of the stakeholders involved.

In contrast, there are instances in the other roles mentioned, such as the President and Treasurer or Vice President and Secretary, where overlap may not inherently lead to the same concerns regarding accountability and governance. Thus, the choice specifying that the roles of President and Secretary cannot be concurrently held by the same person is aligned with the overarching principles of effective corporate governance.