Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'corporate bylaws'?

A. written rules for conduct of a corporation, association, partnership or any organization
B. person acting in a role that has some formal responsibility, such as a fiduciary responsibility, a signatory, an examiner or registrar, etc.
C. written rules for conduct of a corporation, adopted by the board of directors
D. situation in which a party authorizes someone to act on their behalf under certain conditions for some period of time

Answer: written rules for conduct of a corporation, adopted by the board of directors