Title: Corporate Governance after the Financial Crisis
Author: Stephen M. Bainbridge
Publish Date: 2012
Publisher / Edition: Oxford University Press
In this book Stephen Bainbridge addresses the changes introduced into corporate governance law by both Sarbanes Oxley (the Public Company Accounting Reform and Investor Protection Act of 2002 – SOX) and Dodd Frank (the Wall Street Reform and Consumer Protection Act of 2010). These two public policies serve as temporal bookends to the contemporary era of financial crisis. Sarbanes Oxley was a response to the Enron accounting scandal as well as corporate malfeasance at World Com, Global Crossing, etc.; while Dodd-Frank was a response to the financial crisis created by the securitization of mortgages.
With regard to these two public policies, Bainbridge raises two questions: (1) did they improve corporate governance and (2) how did they affect the relationship between state and federal regulation of corporate governance. ...
Bainbridge has written a remarkably clear and concise account of the major controversies in the corporate governance literature. This book will be of great value to legal scholars, economists, and business ethicists for a long time to come.
I've just excerpted a much longer review and, obviously, encourage you to go read the whole thing.