Podcast #91 | Stephen Bainbridge: "The Profit Motive: Defending Shareholder Value Maximization."

In episode #91 of the Boardroom Governance Podcast, Evan Epstein talks with Stephen Bainbridge, the William D. Warren Distinguished Professor of Law at UCLA School of Law.

In this podcast, they talk about Stephen’s latest book “The Profit Motive: Defending Shareholder Value Maximization” where he addresses questions of corporate purpose and ESG using historical, legal, and economic perspectives. The book offers context for current debates on corporate purpose and argues that shareholder value maximization is not only required by law, but what the law ought to require.

They also discuss other corporate governance topics, including:

👉 The SVB collapse and the ongoing financial crisis.
👉 The McDonald’s case and the expansion of Caremark duties for directors and officers.
👉 The rise of compliance in the corporate context. 
👉 Public benefit corporations.
👉 Pass-through voting by large asset managers.

You can listen to the episode directly in the Boardroom Governance Podcast website (where you can find all the show notes), or wherever you listen to your favorite podcasts such as in: Apple, Spotify, Google, Amazon or Stitcher.

___

Pacifica Global was founded in San Francisco to serve as a leading corporate governance advisory firm. The mission of Pacifica Global is to help founders, executives, directors and investors solve some of their most complex corporate governance conflicts and challenges.