If a new venture is a corporation, a board of directors is required and is elected by the shareholders.

Name: If a new venture is a corporation, a board of directors is required and is elected by the shareholders.
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In a corporation, a board of directors is a requirement and is responsible for overseeing the company's management and making major decisions. The board is elected by the shareholders of the corporation.

If a New Venture Is a Corporation, a Board of Directors