Final answer:
Members of the BOD (Board of Directors) are not required to be residents of the Philippines.
Step-by-step explanation:
The subject of this question falls under the category of Social Studies in the High School level.
The majority of the following must be residents of the Philippines, except for members of the BOD (Board of Directors), who are not required to be residents of the country. Members of the Board of trustees, Incorporators, and Officers must all be residents of the Philippines.
For example, in a corporation in the Philippines, the Board of Directors consists of individuals who may not necessarily be residents of the country, while the Board of trustees, Incorporators, and Officers all need to be residents.