Who may the Board of Directors assign their fiduciary powers to according to their discretion?

The Board of Directors holds significant fiduciary responsibilities in an organization, and they have the discretion to assign these powers to various entities. The correct answer encompasses all potential recipients of these powers, including internal and external options. This flexibility allows the Board to delegate responsibilities to specialized committees or individuals within the organization, as well as to agents or individuals outside the bank who may possess the expertise or experience necessary to fulfill the fiduciary duties effectively.

Such delegation is essential for efficient governance, as it enables the Board to focus on high-level strategy and oversight while entrusting specific functions to those who are best qualified to manage them. This can include tasks such as risk management, compliance, and financial oversight, which may be better handled by professionals with the relevant skills or knowledge. Therefore, the broad scope of assignment highlighted in the correct option reflects the comprehensive nature of fiduciary duties that the Board can delegate as needed for the organization's benefit.