What are the internal rules of a corporation known as?

The internal rules of a corporation are known as bylaws. Bylaws serve as the framework for the day-to-day operations of the corporation and outline the roles and responsibilities of the board of directors, the rights of shareholders, and the procedures for managing corporate affairs. They establish how decisions are made within the corporation, including the processes for conducting meetings, voting, and appointing officers.

Bylaws are essential for ensuring that a corporation operates smoothly and in compliance with applicable laws and regulations. They can vary between corporations as they are tailored to meet the specific needs and governance structure of each entity. Having clearly defined bylaws helps prevent conflicts and misunderstandings among stakeholders.

The other options, while relevant to corporate governance and operations, do not specifically refer to the internal rules. Operating procedures generally outline the specific processes within an organization rather than its governing framework. Corporate policies refer more to guidelines for behavior and decision-making within the corporate environment, which do not encompass the comprehensive nature of governance provided by bylaws. Articles of incorporation, on the other hand, are legal documents filed with the state to create the corporation and typically include basic information such as the corporation's name, purpose, and structure, but they do not govern internal operations like the bylaws do.