Which document typically outlines the responsibilities of a company's board of directors?

The document that typically outlines the responsibilities of a company's board of directors is the Bylaws. Bylaws function as the internal rules governing the management and operations of a corporation, detailing the responsibilities, powers, and structure of the board, as well as procedures for meetings and decision-making. They play a crucial role in ensuring that the board operates effectively and in compliance with applicable laws.

The Articles of Incorporation primarily serve to establish the corporation's existence with the state and usually include basic information like the company's name, purpose, and structure, but do not delve into the specifics of the board's responsibilities. The Corporate Charter is often synonymous with the Articles of Incorporation, depending on the jurisdiction, and similarly does not provide in-depth details about board responsibilities. A Management Agreement typically outlines the terms of engagement between a company and its managers or management team, lacking details about the board's role and governance functions. Thus, Bylaws are indeed the document specifically crafted to delineate the duties and powers of the board of directors within a company.