"A corporate is a governing body that is elected by the stockholders and charged with overseeing a firm's general management to ensure that it is run to best serve the stockholders’ interests."

Board of Directors

Explanation:

There is always a conflict of interest between the stockholder's and the management of the organization. The is due to their conflict in the interest. The management receives the remuneration which ultimately reduce the stockholder's wealth. Due to this reason the stockholder's need to ensure that the management ia working in the interest of stockholders not in their own. A supervising governing is placed over the management which protects the stockholders interest by overseeing all the operational, financial and other matters.