In project governance, which entity is typically governed by a board of directors and corporate officers?

• A. Corporations
• B. Sole Proprietorship
• C. General Partnership
• D. Limited Partnership

Answer: (A)

Governing structures that use a board of directors and corporate officers are typical of corporations. In a corporate form, shareholders elect a board of directors to oversee major decisions, set policy, and represent owners’ interests. The board then appoints corporate officers—such as a chief executive officer, chief financial officer, and chief operating officer—who manage the daily operations and implement the board’s policies. This separation of ownership (shareholders) from control (board and officers) is a defining feature of corporations and supports scalable management and accountability.

Sole proprietorships are run by a single owner without a board or corporate officers, since there is no separate ownership structure. General partnerships involve partners who share management responsibilities directly, rather than a formal board and corporate officers. Limited partnerships have general partners who manage the business and limited partners who are typically passive investors, again without a board of directors or corporate officers.