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: @evanepstein LinkedIn: 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