Joe Grundfest: Reflecting on 2024 and What’s Next for Business and Governance

Boardroom Governance with Evan Epstein

(0:00) Intro

(2:06) About the podcast sponsor: The American College of Governance Counsel

(2:53) Start of interview. *Reference to prior episodes with Joe (E1 from '20, E35 from '21, E84 from '23, E123 from '24)

(4:53) The future of the SEC with Chairman Paul Atkins

(6:30) New approach to crypto by SEC

(9:40) On the politicization of corporate governance

(10:48) On the future of ESG ("Extremely Subjective Guessing") and DEI ("Decrease Emphasis Immediately")

(14:18) On DOGE, and how it plays out

(17:13) On the influence of Silicon Valley in the new Trump Administration

(21:40) On Delaware’s Corporate Landscape (two canaries in the coalmine: pre-IPO incorporations and re-domestications)

(25:01) On the Tornetta v Musk case, and challenging the award of $345 million in attorneys' fees to the plaintiffs

(28:54) AI and the malpractice insurance system. "How AI eats the world"

(32:52) On OpenAI's structure and PBCs. On "exit tax" from converting from non-profit to for-profit.

(36:49) How do corporations relate to (an increasingly polarized) society: big theme for 2025.

(38:05) Biggest winner and loser in business in 2024

(40:38) Biggest business surprise in 2024

(42:46) Best and worst corporate governance trend from 2024

(43:05) What’s the biggest corporate governance trend to watch out for in 2025

Joe Grundfest is the William A. Franke Professor of Law and Business Emeritus at Stanford Law School and Senior Faculty at the Rock Center for Corporate Governance.

You can follow Evan on social media at:

X: @evanepstein

LinkedIn: https://www.linkedin.com/in/epsteinevan/

Substack: https://evanepstein.substack.com/

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Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License