Stephen Bainbridge (UCLA): The State of Corporate Law and Governance in the U.S.

(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: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__To support this podcast you can join as a subscriber of the Boardroom Governance Newsletter at https://evanepstein.substack.com/__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

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