Final answer:
The Board of Directors is typically the main entity responsible for member accountability at the chapter level, functioning as the primary force in corporate governance and oversight.
Step-by-step explanation:
What board is in place at the chapter level to hold members accountable for their actions? The question seeks to identify the type of board responsible for the governance and accountability of a chapter's members. Looking at various types of boards that operate within an organization's structure, the Board of Directors emerges as the primary entity responsible for corporate governance and oversight. They are elected by the shareholders and function as the first line of accountability. The auditing firm serves as the second institution by reviewing financial records and providing certification. The third institution includes outside investors, particularly large shareholders. However, in some instances like with Lehman Brothers, the mechanisms of corporate governance can fail, leading to a misrepresentation of financial information to investors.