Which term describes legal rules that empower and regulate agents of corporations?

The correct answer, Corporate Governance, refers specifically to the framework of rules, practices, and processes that govern how corporations are directed and controlled. This encompasses the relationships between the various stakeholders in a corporation, including shareholders, board members, and management. Corporate governance establishes the legal rights and responsibilities of these parties, as well as their accountability, thereby ensuring that agents of the corporation operate within legal and ethical boundaries.

In contrast, the other listed options do not directly address the regulatory framework related to corporate agents. Contract Law focuses on the agreements made between individuals or entities, outlining how contracts are created, interpreted, and enforced. Tort Law deals with civil wrongs and liabilities that arise from breaches of duty or negligence, impacting individuals' rights rather than those related solely to corporate governance. Property Law pertains to the rights and regulations surrounding ownership and use of property, which is distinct from the governance structure of corporations. Thus, Corporate Governance is the most accurate term to describe the legal rules that empower and regulate corporate agents.