State and Federal Corporate Governance Laws
What laws affect corporate governance?
Written by Jason Gordon
Updated at November 28th, 2020
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What state and federal laws primarily contribute to corporate governance?
Regulation of corporate governance practices is a mixture of state and federal law and organizational requirements. Below is a list of the primary state and federal laws and stock exchange rules contributing to corporate governance:
- State-specific corporate laws (particularly Delaware law and Model Business Corporation Act states),
- the Securities Exchange Act of 1934 (34 Act) and SEC Rules,
- the Sarbanes-Oxley Act of 2002 (SOX)
- the Foreign Corrupt Practices Act (FCPA)
- the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank),
- the listing standards of the NYSE and NASDAQ, and
- the advisor rules from Proxy Advisory Firms.
Each of the above sources of regulation are discussed in detail below.
Next Article: State Law and Corporate Governance Back to: CORPORATE GOVERNANCE
Discussion: If corporate entities exist by virtue of state law, why do you think that there are so many federal laws and private organization standards concerning corporate governance?