Which type of governance is primarily managed by a board of directors?

Corporate governance is primarily managed by a board of directors because it encompasses the systems, principles, and processes through which a corporation is directed and controlled. The board of directors plays a vital role in overseeing the management of the company, ensuring that the organization adheres to legal and ethical standards, and aligning the interests of stakeholders, including shareholders, management, and the community.

In corporate governance, the board sets strategic objectives, monitors performance, and helps ensure transparency and accountability within the organization. This structured oversight is essential in balancing the various interests involved in a company and helps foster trust among investors and the general public.

Other forms of governance mentioned, such as public governance, process governance, and non-profit governance, involve different structures and mechanisms that do not revolve around a board of directors in the same manner as corporate governance. For example, public governance typically refers to the way government entities operate and oversee public sector organizations, while non-profit governance might involve boards, but with different goals focused on social missions instead of profit. Process governance deals with the systems and practices that ensure efficient and effective operations but lacks the board oversight characteristic of corporate governance.