In the Texas Law Review by Holly J. Gregory and Rebecca C. Grapsas. They open by stating that:
Professor Stephen M. Bainbridge’s Corporate Governance After the Financial Crisis presents a cogent discussion of the congressional and regulatory reaction to two significant economic crises within the past decade and the unprecedented federal expansion into the traditional state bulwark of corporate law that resulted. Much has been written about corporate governance and the federal reaction to these crises in the aftermath of the Sarbanes-Oxley Act of 2002 (the Sarbanes-Oxley Act or Sarbanes-Oxley) and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the Dodd-Frank Act or Dodd-Frank). For those trying to understand the state of corporate governance regulation today and the key debates and tensions that are at work, Bainbridge’s book is a must read, along with Lynn Stout’s The Shareholder Value Myth, and—to balance things out with a broader perspective about how crises drive governance regulation and change—Ira Millstein’s and Paul MacAvoy’s book, The Recurring Crisis in Corporate Governance. Indeed, when the next crisis comes along, but before the federal legislators and regulators pick up their pens, these should all be required reading to help avoid further federal imposition of “quack corporate governance” as Bainbridge—borrowing from Professor Roberta Romano—colorfully terms the recent federal efforts.