The names and addresses of the persons to serve as the initial directors may also be outlined in the Articles. If you name the first board of directors in the.Illinois Corporate Bylaws create the policies and procedures for your corporation. Our free, attorney-drafted template can get you started. The bylaws tell the board of directors how to run the corporation, i.e. Corporate bylaws guide internal governance and operations. Board of Directors play a key role in corporate oversight. Contact Peck Ritchey, LLC if you are seeking legal help in corporate law or family business planning. Call us at (312) 201-0900.