What aspect does corporate powers NOT include as defined in the corporate code?

The correct answer highlights that the power to conduct audits is not typically considered a corporate power granted by the corporate code. Corporate powers generally encompass the fundamental authorities that allow a corporation to function effectively in its business environment, which includes entering contracts, managing assets, and conducting business operations.

Corporate governance often delineates specific responsibilities, including financial oversight, but the authority to conduct audits is usually not encompassed within the core powers of the corporation itself. Instead, audits are performed by external auditors or an internal audit committee focused on ensuring compliance, financial integrity, and organizational accountability. These audits are often mandated by law or by the corporation's own governance structure but do not constitute a primary power of the corporation as defined under the corporate code.