What is the minimum number of directors required for a corporation under most legal frameworks?

The minimum number of directors required for a corporation varies depending on the jurisdiction, but under most legal frameworks, including the Model Business Corporation Act commonly adopted in the United States, the correct answer is typically one. This means that a corporation can function with just a single director, which is especially common in small corporation structures or where the business is owned by one person.

However, the choice of three directors is often a common practice in larger or publicly held corporations as it allows for a more balanced governance structure, enabling effective oversight and diversity of thought. Having three directors can help ensure that there is an effective decision-making process and reduce the risk of deadlock in votes, which may occur with an even number of directors.

In summary, while many jurisdictions might set the minimum at one director, three is frequently seen as a more practical baseline in a corporate governance context.