The first decade of the new millennium was bookended by two major economic crises. The bursting of the dotcom bubble and the extended bear market of 2000 to 2002 prompted Congress to pass the Sarbanes-Oxley Act, which was directed at core aspects of corporate governance. At the end of the decade came the bursting of the housing bubble, followed by a severe credit crunch, and the worst economic downturn in decades. In response, Congress passed the Dodd-Frank Act, which changed vast swathes of financial regulation. Among these changes were a number of significant corporate governance reforms. Corporate Governance after the Financial Crisis asks two questions about these changes. First, are they a good idea that will improve corporate governance? Second, what do they tell us about the relative merits of the federal government and the states as sources of corporate governance regulation? Traditionally, corporate law was the province of the states. Today, however, the federal government is increasingly engaged in corporate governance regulation. The changes examined in this work provide a series of case studies in which to explore the question of whether federalization will lead to better outcomes. The author analyzes these changes in the context of corporate governance, executive compensation, corporate fraud and disclosure, shareholder activism, corporate democracy, and declining U.S. capital market competitiveness.

Corporate Governance after the Financial Crisis

Bainbridge, Stephen M.

Business

Oxford University Press

The first decade of the new millennium was bookended by two major economic crises. The bursting of the dotcom bubble and the extended bear market of 2000 to 2002 prompted Congress to pass the Sarbanes-Oxley Act, which was directed at core aspects of corporate governance. At the end of the decade came the bursting of the housing bubble, followed by a severe credit crunch, and the worst economic downturn in decades. In response, Congress passed the Dodd-Frank Act, which changed vast swathes of financial regulation. Among these changes were a number of significant corporate governance reforms. Corporate Governance after the Financial Crisis asks two questions about these changes. First, are they a good idea that will improve corporate governance? Second, what do they tell us about the relative merits of the federal government and the states as sources of corporate governance regulation? Traditionally, corporate law was the province of the states. Today, however, the federal government is increasingly engaged in corporate governance regulation. The changes examined in this work provide a series of case studies in which to explore the question of whether federalization will lead to better outcomes. The author analyzes these changes in the context of corporate governance, executive compensation, corporate fraud and disclosure, shareholder activism, corporate democracy, and declining US capital market competitiveness.

The Profit Motive: Defending Shareholder Value Maximization

What responsibility, if any, does a corporation have to society? How should corporations balance environmental, social, and governance factors? The Profit Motive addresses these questions of corporate purpose using historical, legal, and economic perspectives. Stephen M. Bainbridge enters the debate around corporate social responsibility to mount an unabashed defense of shareholder capitalism and maximizing shareholder value. The book offers context for the current questions about corporate purpose, and provides a reference going forward. Direct and corrective, The Profit Motive argues that shareholder value maximization is not only required by law, but what the law ought to require.\nBook Description\nThe Profit Motive offers a legal and economic defense of shareholder capitalism against proponents of corporate social responsibility.

The Profit Motive

Cambridge University Press

Outsourcing the Board: How Board Service Providers Can Improve Corporate Governance

In this groundbreaking work, Stephen M. Bainbridge and M. Todd Henderson change the conversation about corporate governance by examining the origins, roles, and performance of boards with a simple question in mind: why does the law require governance to be delivered through individual board members? While tracing the development of boards from quasi-political bodies through the current 'monitoring' role, the authors find the reasons for this requirement to be wanting. Instead, they propose that corporations be permitted to hire other business associations - known as 'Board Service Providers' or BSPs - to provide governance services. Just as corporations hire law firms, accounting firms, and consulting firms, so too should they be permitted to hire governance firms, a small change that will dramatically increase board accountability and enable governance to be delivered more efficiently. Outsourcing the Board should be read by academics, policymakers, and those within the corporations that will benefit from this change.

Henderson, M.Todd

What responsibility, if any, does a corporation have to society? How should corporations balance environmental, social, and governance factors? The Profit Motive addresses these questions of corporate purpose using historical, legal, and economic perspectives. Stephen M. Bainbridge enters the debate around corporate social responsibility to mount an unabashed defense of shareholder capitalism and maximizing shareholder value. The book offers context for the current questions about corporate purpose, and provides a reference going forward. Direct and corrective, The Profit Motive argues that shareholder value maximization is not only required by law, but what the law ought to require.

Selected insider trading cases have been compiled in this Turning Points series casebook as a way of illustrating the development of securities/insider trading law. Text and explanations accompany each case.

Securities Law: Insider Trading (Turning Point Series)

Foundation Pr

Law students taking the basic course in corporations or business associations are the target audience for this text, although the author hopes the analysis will also prove useful to lawyers and judges seeking a fresh perspective on corporate law problems. For many law students, the prospect of studying corporate law is a daunting one. They may lack training in economics, business and accounting. This publication helps to bring aspects of those subjects into an introductory course book on corporations law.

Corporation Law and Economics

Foundation Press

Law students taking the basic course in corporations or business associations are the target audience for this text, although the author hopes the analysis will also prove useful to lawyers and judges seeking a fresh perspective on corporate law problems. For many law students, the prospect of studying corporate law is a daunting one. They may lack training in economics, business and accounting. This publication helps to bring aspects of those subjects into an introductory course book on corporations law.

Corporation Law and Economics (University Casebook Series)

Book by Klein, William A., Ramseyer, J. Mark, Bainbridge, Stephen M.

Business Associations: Agency, Partnerships, and Corporations : Cases and Materials

Business & Money

Klein, William A.

RAMSEYER, J. MARK

Economics

See the best price to sell, buy, or rent books by Bainbridge, Stephen M.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Bainbridge, Stephen M.

See the best price to sell, buy, or rent books by Bainbridge, Stephen M.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Corporate Governance after the Financial Crisis

Corporate Governance after the Financial Crisis

The Profit Motive

Outsourcing the Board: How Board Service Providers Can Improve Corporate Governance

The Profit Motive: Defending Shareholder Value Maximization

Outsourcing the Board: How Board Service Providers Can Improve Corporate Governance

Securities Law: Insider Trading (Turning Point Series)

Corporation Law and Economics

Corporation Law and Economics (University Casebook Series)

Business Associations: Agency, Partnerships, and Corporations : Cases and Materials