Which of the following is not a federal statute influencing corporate governance?

Prepare for the NACD Certification Exam with flashcards and multiple choice questions. Each question comes with hints and explanations to aid your understanding. Ensure you are fully ready for your test!

The Delaware General Corporation Law is a state statute and not a federal law, which is why it is the correct answer to this question. This law governs the formation, operation, and governance of corporations specifically in the state of Delaware, where many corporations choose to incorporate due to its business-friendly regulations.

In contrast, the Sarbanes-Oxley Act, Dodd-Frank Act, and Gramm-Leach-Bliley Act are all federal statutes. These laws were enacted by the U.S. Congress and address various aspects of corporate governance, financial disclosure, and the regulation of financial institutions, making them relevant to corporate governance at the national level. Thus, while the other options are federally mandated regulations that influence how corporations are governed across the entire United States, the Delaware General Corporation Law operates at the state level, establishing local governance standards for corporations incorporated in Delaware.

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