What is the governing body of a corporation called?

The governing body of a corporation is known as the Board of Directors. This group is responsible for overseeing the company's management, making significant business decisions, and protecting the interests of the shareholders. The Board serves various crucial functions, including establishing company policies, approving budgets, and providing guidance on the overall direction of the organization.

Members of the Board are typically elected by the shareholders and represent their interests, ensuring that the company operates in a manner that is ethical, legal, and aligned with the shareholders' goals. This structure allows for a separation of ownership and management, where the Board holds management accountable and supports long-term growth and value creation.

While stockholders have ownership stakes in the corporation, they do not directly manage the business; their role is to elect the Board and vote on major issues affecting the company. An executive team typically refers to the individuals managing the day-to-day operations of the corporation, and a shareholder committee is not a standard term used in corporate governance. Therefore, the Board of Directors is the appropriate term for the governing body of a corporation.