Dodd-Frank: Quack Federal Corporate Governance Round II

@inproceedings{Bainbridge2010DoddFrankQF,
  title={Dodd-Frank: Quack Federal Corporate Governance Round II},
  author={Stephen M. Bainbridge},
  year={2010}
}
In 2005, Roberta Romano famously described the Sarbanes-Oxley Act as “quack corporate governance.” In this article, Professor Stephen Bainbridge argues that the corporate governance provisions of the Dodd-Frank Act of 2010 also qualify for that sobriquet. The article identifies 8 attributes of quack corporate governance regulation: (1) The new law is a bubble act, enacted in response to a major negative economic event. (2) It is enacted in a crisis environment. (3) It is a response to a… CONTINUE READING

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