Wed.Oct 25, 2023

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Boards of Directors in Disruptive Times: Improving Corporate Governance Effectiveness

Harvard Corporate Governance

Posted by Jordi Canals (IESE Business School), on Wednesday, October 25, 2023 Editor's Note: Jordi Canals is Professor of Strategic Management and the holder of Fundación IESE Chair in Corporate Governance at IESE Business School. This post is based on his book. Disney’s board of directors fired CEO Bob Chapek on November 20, 2022. He was nominated for that job in February 2020 to replace Bob Iger -Disney CEO between 2005 and 2020-, after several board attempts in previous years to speed up Ig

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How a defined risk appetite can improve nonfinancial risk management

Mckinsey and Company

Costly and disruptive, nonfinancial risks are an ever-present concern in the financial services industry. A defined risk appetite strategy can mitigate the problem.

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CPA’s Guide to Corporate Political Spending: A Practical Checklist for Management

Harvard Corporate Governance

Posted by Bruce F. Freed, Jeanne Hanna, Karl J. Sandstrom, Center for Political Accountability, on Wednesday, October 25, 2023 Editor's Note: Bruce F. Freed is President and Co-founder, Jeanne Hanna is Research Director, and Karl J. Sandstrom is Strategic Advisor at the Center for Political Accountability. This post is based on their CPA publication.

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Right skills, right person, right role

Mckinsey and Company

A shift from credential-based to skills-based hiring could be a key to filling technical roles amid talent shortages.

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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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The Journey to Achieving a BHAG of 10 Million Shoes

Rhythm Systems

I am still reflecting on what an inspiring experience Christine Rutherford and I had last week traveling to South Africa as part of a larger mission to help Samaritan’s Feet International hit their BHAG ( Big Hairy Audacious Goal ) of serving the 10 millionth recipient with a pair of shoes. I am grateful to have brought our Head of Sales, Christine, alongside me - who was so focused on giving back and connecting with everyone we met.

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‘There is only one world, and it must have room for all of us’

Mckinsey and Company

Linamara Battistella, MD, shares insights from more than three decades promoting rehabilitation, accessibility, and rights for people with disabilities in Brazil and beyond.

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More Trending

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‘Never waste a crisis’: StarHub’s CEO on leading transformative change

Mckinsey and Company

Nikhil Eapen lays out his sector-redefining ambitions for Singaporean telecom firm StarHub and how his time in Singapore’s Naval Diving Unit prepared him for corporate leadership in challenging times.

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The Social Security Wage Base for Employees and Self-Employed People Is Increasing In 2024

Machen McChesney

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $168,600 for 2024 (up from $160,200 for 2023). Wages and self-employment income above this threshold aren’t subject to Social Security tax.

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Checking in on the aviation value chain’s recovery

Mckinsey and Company

The results of the annual aviation value chain analysis are in: all subsectors are recovering, but overall, the value chain still shows significant losses.

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Pro Bono Work Is Powerful Self-Help For Attorneys

Law 360 M&A

Oct. 22-28 is Pro Bono Week, serving as a useful reminder that offering free legal help to the public can help attorneys expand their legal toolbox, forge community relationships and create human connections, despite the challenges of this kind of work, says Orlando Lopez at Culhane Meadows.

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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Chipmaker SK Hynix says it opposes merger between Kioxia and Western Digital

Financial Times M&A

South Korean company’s sign-off is needed for Bain Capital’s attempt to create a US-Japan chip champion

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Benchmark International Opens Newest Location In Denver

Benchmark Report

Benchmark International is proud to announce that we have opened an office in Denver, CO, to better serve the lower-middle market in the Rocky Mountains, Great Plains, and Northwestern regions of the United States—all areas that have historically been underbanked.

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Comment on Fannie Mae Filed a Complaint Against Me by Maria

Appraisers Blog

Would it be possible that these complains would reach your state license agency? Earlier or later, if not now already, you will be accused by fannie. Maybe go ahead of time and help those who are accused now, and your future yourselves? Also, I am asking all of you who were accused to send your thoughts to your license agency: to your State Appraisal Board.

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How a music mogul’s royalties bet got funked up

Financial Times M&A

Plus, the Hess dynasty tale and AirAsia taxis down Spac runway

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Mastering Intent Data: Understanding its Importance & Best Practices

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

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Stellantis Invests $1.6B In Leapmotor, Aims To Accelerate Global EV Sales

Benzinga

Stellantis N.V. (OTC: STLA ) and Leapmotor have announced a €1.5 billion ($1.58 billion) investment from Stellantis to acquire approximately 20% of Leapmotor, making Stellantis a strategic shareholder. The deal also includes the creation of Leapmotor International , a joint venture led by Stellantis which will oversee the manufacturing and sales of Leapmotor products outside Greater China.

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Silver Lake moves to take entertainment group Endeavor private

Financial Times M&A

Value of Ari Emanuel’s group jumps to $14bn as it says it is exploring strategic alternatives

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How to Obtain an Equipment Appraisal 

Peak Business Valuation

If you want to know how to obtain an equipment appraisal , it is essential to understand the process and key steps involved. A machinery and equipment appraisal is a valuable tool for many small businesses. Like a compass, an accurate appraisal can point your company in the right direction for managing your assets. Whether you’re looking to assess the value of machinery for business expansion, financial reporting, or other purposes, this guide will walk you through the steps to ensure a sm

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MVP: Shearman's Daniel Litowitz

Law 360 M&A

Daniel Litowitz of Shearman & Sterling LLP's mergers and acquisitions practice guided CVS Health Corp. in a $10.6 billion acquisition that helped it enter the primary care industry and fought for JetBlue Airways Corp. in its $3.8 billion hostile takeover of Spirit Airlines, earning him a spot as one of Law360's 2023 Mergers and Acquisitions MVPs.

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Adobe's $20B Figma Deal Deadline Extended - What's Going On?

Benzinga

The U.K. extended its probe into Adobe Inc's (NASDAQ: ADBE ) $20 billion takeover of Figma Inc, citing more time to look at new submissions from the companies. The Competition and Markets Authority pushed back the statutory deadline to February 25 from the end of the year. They will publish the provisional findings in late November. Also Read: CMA Approves.

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Divorce & Business Valuations: Rules Vary By State

Merrimack Business Appraisers

So, you have a client who is going through a divorce, and they need a business valuation to settle the allocation of assets. Or you are filing for a divorce and need to hire a business valuation professional. Whatever the situation, state-specific knowledge is essential. When it comes to business valuations for settling divorces, every […] The post Divorce & Business Valuations: Rules Vary By State appeared first on Merrimack Business Appraisers.

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Overstock.com's Major Rebrand: New Name, Ticker, And Exchange After Bed Bath & Beyond Acquisition

Benzinga

Leading ecommerce company Overstock.com Inc (NASDAQ: OSTK ) acquired the IP and digital assets from the bankrupt Bed Bath & Beyond company in June. The company is making several changes to better align with its acquired property. What Happened: Since acquiring the IP from Bed Bath & Beyond, Overstock.com has shared several company updates on how it will grow the brand in the future.

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The formula to responsible AI adoption and sustainable business growth

Avanade

Avanade's Southeast Asia Managing Director Bhavya Kapoor shares his insights on the critical elements every organization needs to ensure responsible AI use.

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SLAM Exploration Acquires New Niobium Critical Mineral Project

Benzinga

MIRAMICHI, New Brunswick, Oct. 25, 2023 (GLOBE NEWSWIRE) -- SLAM Exploration Ltd. (TSXV: SXL ) (" SLAM " or the " Company ") is pleased to announce it has signed an arm's length binding term sheet with St-Georges Eco-Mining Corp. (CSE: SX ) (" St-Georges ") to give SLAM the option to acquire a 51% interest in the Notre Dame Niobium Critical Mineral Project (the " Notre Dame Project ").

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Eversheds Sutherland Adds Transactional Tax Attorney

Law 360 M&A

Eversheds Sutherland has hired a new senior counsel to its tax practice who will work out of the firm's Washington, D.C., office.

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Davis Polk Discusses the Federal Reserve OIG Report on Silicon Valley Bank Failure

Reynolds Holding

The Federal Reserve OIG issued a report on SVB’s failure. Media reports have described it as nearly identical to the Barr Report. The report is more critical of the supervisory staff. It does not blame regulatory tailoring for reduced supervisory intensity, except when SVB had assets between $50-$100 billion. Nor does it blame supervisory deficiencies on a less-assertive supervisory culture instituted by former Vice Chair for Supervision Quarles.

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EPIC Acquisition SPAC Gets Extension To Find Target

Law 360 M&A

Blank-check company EPIC Acquisition Corp. said Wednesday that it has been granted a fifth extension to allow it to find and buy a target company, in a sign of a struggling European SPAC market.

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Why the SEC’s SPAC Solution Makes Sense

Reynolds Holding

On March 30, 2022, the SEC proposed much-anticipated regulations governing Special Purpose Acquisition Companies (“SPACs”), which provide an alternative route for a company to be traded on a national exchange without undertaking the cumbersome process of an initial public offering (“IPO”). The proposal would in many ways make creating SPACs similar to launching IPOs.

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OptimizeRx Announces Completion of Medicx Acquisition and Sets Third Quarter 2023 Conference Call for November 6, 2023, at 8:30 a.m. ET

Benzinga

WALTHAM, Mass., Oct. 25, 2023 (GLOBE NEWSWIRE) -- OptimizeRx Corp. (the "Company") (NASDAQ: OPRX ), the leading provider of healthcare technology solutions helping life sciences companies reach and engage healthcare professionals (HCPs) and patients, today announced it has successfully completed its acquisition of Healthy Offers, Inc., dba Medicx Health ("Medicx"), a leading healthcare consumer-focused omnichannel marketing and analytics company.

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Avoiding Bribery, Corruption And Sanctions Risks In Int'l M&A

Law 360 M&A

Given the evolving merger and acquisition landscape — as evidenced by the Justice Department’s recently announced safe harbor policy — acquirers conducting international transactions must build bribery, anti-corruption and sanctions risk considerations squarely into their due diligence processes, say Brian Markley and Jennifer Potts at Cahill Gordon.

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FE International Advises Acquisition of Positive Psychology by Eden Capital and Phlebotomy Training Specialists

Benzinga

NEW YORK, Oct. 25, 2023 (GLOBE NEWSWIRE) -- FE International, Inc. , the global market leader in mid-market technology mergers and acquisitions (M&A), today announced the successful acquisition of Positive Psychology , online provider of continuing education in the healthcare space, by Eden Capital. This merger was structured through Eden Capital's platform, Phlebotomy Training Specialists ("PTS"), resulting in the formation of Intelvio, an innovative healthcare training platform dedicat

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UK Needs More Time To Review $20B Adobe-Figma Deal

Law 360 M&A

Britain's Competition and Markets Authority said on Wednesday that it is extending the deadline to complete its investigation of Adobe's $20 billion blockbuster deal with design collaboration company Figma by eight weeks.

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LKQ Corporation Completes Divestiture of GSF Car Parts to Epiris

Benzinga

CHICAGO, Oct. 25, 2023 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ: LKQ ) today announced that it has sold GSF Car Parts ("GSF") to Epiris Fund III ("Epiris"), a private equity fund based in the United Kingdom. The divestiture fulfills LKQ's undertaking to the UK's Competition and Markets Authority to sell the GSF business in connection with LKQ's acquisition of Uni-Select Inc.

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IronNet Files Proposed Dual-Track Sale Process In Ch. 11

Law 360 M&A

Bankrupt cybersecurity venture IronNet Inc. has moved for court approval to run a "dual track" Chapter 11 in Delaware, seeking clearance to pursue sale options or sales of equity in a reorganized company.

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Blockmate Ventures to Acquire Lithium Battery Distributor, BESS

Benzinga

TORONTO, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Blockmate Ventures Inc (TSX.V: MATE) (FSE: 8MH1) (" Blockmate " or " the Company "), is pleased to announce that it has entered into a binding Share Purchase Agreement dated October 25, 2023, pursuant to which the Company proposes to acquire all of the issued and outstanding share capital of BESS Power Innovation Corporation ("BESS"), a company focused on the sales, distribution, and manufacturing of residential and industrial lithiu