board of directors of a corporation:$15$Multiple Cholce$800\mathrm{.}13\mathrm{.}26$May not also be executive officers of the corporation, due to the separate entity principle.Is responsible for overseeing corporate activities.Are responsible for day$-$to$-$day operations of the business.Is elected by the corporate registrar.Does not have the power to bind the corporation to contracts, due to lack of mutual agency.