Stephen Bainbridge (UCLA): The State of Corporate Law and Governance in the U.S.
Description
(0:00 ) Intro
(1:24 ) About the podcast sponsor: The American College of Governance Counsel
(2:11 ) Start of interview. *Reference to E91 (April 2023) for Steven's personal/professional background.
(2:34 ) The current era of corporate law.
(3:39 ) Transition to Substack Publishing
(6:40 ) The DExit Phenomenon Explained
(11:35 ) Understanding Delaware's SB21 and Its Implications. His article, Course Correction for Controller Shareholder Transactions.
(19:53 ) The impact of SB21 on shareholder inspection rights (Section 220 litigation)
(23:20 ) Texas and Nevada: business-friendly but different environments
(25:55 ) The Future of Startups and Incorporation Choices *reference to a16z's Delaware exit (July 2025)
(29:56 ) The Cycle of IPOs and Market Trends (stay private vs go public debate). Reference to The Eclipse of the Public Corporation (1989)
(36:47 ) The Rise of U.S. Government Intervention in corporate affairs (industrial policy).
(38:28 ) The concept of a "golden share" (in reference to US Steel situation)
(42:04 ) The fluctuation of politics in corporate governance and industrial policy.
(45:44 ) Analyzing Public Benefit Corporations in AI industry ("is it driven by economics or PR?")
(53:07 ) Rethinking the ESG phenomenon (political polarization)
Stephen Bainbridge is the William D. Warren Distinguished Professor of Law at UCLA School of Law
You can follow Evan on social media at:
X: @evanepstein
LinkedIn: https://www.linkedin.com/in/epsteinevan/
Substack: https://evanepstein.substack.com/
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Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License
United States
