Thu.Jun 15, 2023

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ESG and Fiduciaries: A New Age Dawns

Harvard Corporate Governance

Posted by James C. Woolery, Woolery & Co., on Thursday, June 15, 2023 Editor's Note: James C. Woolery is a Partner and founder at Woolery & Co. This post is based on his Woolery piece. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

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A peek at the future health and wealth of our global economy

Mckinsey and Company

A new McKinsey report looks at four scenarios for inflation, interest rates, and growth over the next decade. Three of the economic outcomes portend stagnation and stagflation—but one offers hope.

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Market Power, Not Consumer Welfare: A Return to the Foundations of Merger Law

Harvard Corporate Governance

Posted by Eric A. Posner (University of Chicago), on Thursday, June 15, 2023 Editor's Note: Eric A. Posner is the Kirkland and Ellis Distinguished Service Professor of Law at the University of Chicago. This post is based on his recent paper. Section 7 of the Clayton Act prohibits mergers and acquisitions where “the effect may be substantially to lessen competition, or to tend to create a monopoly.

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Benchmark International successfully facilitated the transaction between eLogger and Vogl Ventures

Benchmark Report

Benchmark International is pleased to announce Vogl Venture's acquisition of eLogger. eLogger is an innovative software developer focused on providing electronic logbook solutions for electric utilities, water utilities, oil & gas companies, and other industrial operations. Founder Ron Vogl has decades of experience wearing many hats in his industry.

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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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When Do COVID-19-Related Extended HIPAA Special Enrollment Periods End?

ThomsonReuters

QUESTION: As required, our group health plan has extended the length of HIPAA special enrollment periods due to the COVID-19 emergency. When do the extended special enrollment periods end? ANSWER: In response to the COVID-19 emergency, the DOL and IRS extended HIPAA special enrollment period deadlines by requiring plans to disregard (for a maximum of one year) the COVID-19 “outbreak period,” which began March 1, 2020, and is set to end on July 10, 2023.

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What Is Regulatory Change Management at Financial Institutions?

N Contracts

Regulatory change management is the process financial institutions use to identify, evaluate, and implement new or amended rules and regulations. It’s designed to create an efficient, repeatable process that helps these institutions understand how new requirements affect their operations and modify their practices accordingly.

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All change: The new era of perpetual organizational upheaval

Mckinsey and Company

To flourish at a time when massive shifts are shaking their organizations, business leaders need to focus on the “superpowers” of speed, technology, talent, and leadership.

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CMS Issues Guidance on Elimination of MHPAEA Opt-Out Elections by Self-Insured Non-Federal Governmental Health Plans

ThomsonReuters

CMS Insurance Standards Bulletin Series—Information (June 7, 2023) Available at [link] HHS’s Centers for Medicare & Medicaid Services (CMS) has issued guidance addressing legislative provisions that eliminated the ability of self-insured non-federal governmental health plans to opt out of complying with the Mental Health Parity and Addiction Equity Act (MHPAEA).

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Good, better, best: Railways are advancing their ESG agenda

Mckinsey and Company

A comprehensive ESG strategy could help railway companies to advance their sustainability agendas—and address more than decarbonization.

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Challenges and changes within the audit industry

ThomsonReuters

Increased focus on ESG There are a number of issues and challenges around ESG that tax and accounting firms need to consider. Here is a brief summary of the top five: 1. How is the growing focus on ESG affecting the audit profession? Auditors are having to expand the scope of their work as ESG is increasingly under the scrutiny of stakeholders and investors.

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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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Use the Tax Code to Make Business Losses Less Painful

Machen McChesney

Whether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow by allowing businesses to apply losses to offset taxable income in future years, subject to certain limitations.

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FTC Pharma Merger Digest May Offer Policy Clues

Law 360 M&A

The Federal Trade Commission's and the U.S. Justice Department's recently published summary of the agencies' workshop on proposed changes to pharmaceutical merger analysis reads like a policy roadmap and its timing may forecast the release of new draft merger guidelines, say attorneys at Mintz.

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JPMorgan claims Frank founder told staff to overstate user numbers

Financial Times M&A

News, analysis and comment from the Financial Times, the worldĘĽs leading global business publication

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4 Ways Mergers and Acquisitions Can Transform Your Business

Scott Mashuda

Mergers and acquisitions (M&A) can provide the key to enhanced business transformation, streamlining operations, extending the reach of your operations or even transitioning ownership. With the right deal team , the M&A process can be intensely rewarding and a defined path toward achieving financial goals. Successful M&A deals can help businesses reduce expenses and result in increased efficiency, better utilize capital investment, and achieve a greater ROI.

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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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Why Saudi Arabia Came for Golf and Why the PGA Let Them In

NYT M&A

The surprise merging of golf’s rival circuits is expected to transform the sport.

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Comment on GLA Adjustment: Adjusting Full Difference vs a Threshold Amount by Baggins

Appraisers Blog

In reply to WAD. ‘If an appraiser were to do that, it results in double dipping the adjustments if any other adjustments are made in the grid.’ The whole enchilada, from extracted regression tools. What about the extra features? Quite right. The alternative is a classical simple mathematical approach. Distributed allotment. Each component a piece of the pie, no more than 100% should be applied.

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US oil services: consolidation means more pricing power

Financial Times M&A

News, analysis and comment from the Financial Times, the worldĘĽs leading global business publication

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Comment on GLA Adjustment: Adjusting Full Difference vs a Threshold Amount by Spencer Paul

Appraisers Blog

In reply to David. I look at 5 properties on a Monday and write them on a Tuesday. Same style and still make long the same base fees I was during the pandemic. Around here that has been very hard to do.

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EU Competition Law: New Horizontal Block Exemption Regulations and Horizontal Guidelines

National Law Review M&A

Jacques Buhart Stéphane Dionnet Frédéric Pradelles Jurisdiction: European Union Type of Law: Antitrust & Trade Regulation Corporate & Business Organizations Mergers & Acquisitions Global

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The Future of ESG: Executing a Compliance-Driven Strategy

Audit Board

94% of executives face external pressure to prioritize ESG strategies. That pressure will only intensify, as new ESG reporting regulations coming in 2024 will introduce formal policies on how information is reported, substantiated, and assured. A closer examination of current regulatory initiatives will illuminate the substance of these regulations and how organizations must adjust to become compliant.

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Amazon's $1.7B Bid For Roomba Vacuum Maker Gets UK Nod

Law 360 M&A

The Competition and Markets Authority said Friday that it has cleared Amazon's $1.7 billion acquisition of iRobot after finding that the company behind the Roomba robotic vacuum cleaner has only a modest market share in the U.K.

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3 1/2 Years, 182 Weeks, and 1,278 Days of Walking

Chris Mercer

And, of course, Pickleball! Walking has become part of my daily life. Some readers have been following my posts about walking for quite a while. My current journey began 3 1/2 years ago on December 15, 2019. As 2019 was drawing to a close, I realized that I had not been taking care of myself. My weight had risen to 212 pounds, which was the highest it had ever been.

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A Comprehensive Look at the NIST Cybersecurity Framework

Audit Board

In the field of cybersecurity, risk management, and compliance, there are a collection of acronyms that you’ll hear often enough. There’s ISO , the International Organization for Standardization; the AICPA (now AICPA-CIMA), the American Institute of CPAs and the Chartered Institute of Management Accountants; CISA , the Cybersecurity and Infrastructure Security Agency; and NIST , the National Institute of Standards and Technology.

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Squarespace Stock Is Surging On Deal With Google: What's Going On?

Benzinga

Squarespace Inc (NYSE: SQSP ) shares are rising in extended trading Thursday after the company entered into a definitive agreement to acquire Alphabet Inc's (NASDAQ: GOOG ) Google Domains business. What To Know: Squarespace entered into a definitive asset purchase agreement with Google to acquire the assets associated with the Google Domains business, which includes approximately 10 million hosted domains.

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Colo. EV Maker Says It's Accused Of 'Fraud By Hindsight'

Law 360 M&A

Commercial electric-vehicle company Lightning eMotors has urged a Colorado federal judge to toss a shareholder suit alleging company leadership made false or misleading claims about future production capacity, arguing the investors behind the suit "fault defendants for failing to predict the future.

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Secure an SBA Loan for a Restaurant

Peak Business Valuation

The restaurant industry is changing a lot right now. Many restaurants are making improvements like offering take-out and delivery services and improving their ordering system. As such, now is a good time to buy , grow , or sell a restaurant. If you need funding, you can look into SBA financing for a restaurant. With an SBA loan for a restaurant, you can get the capital needed to buy, grow, or sell a restaurant.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

By Carol Akers Klug, ASA, with contributions by Susan Golashovsky, FASA Appraisers may not be aware of what ASA’s Educational Foundation (ASAEF) does to sustain our profession and aspiring appraisers. Below is our vision that education provides a path to membership in the appraisal profession, and hopefully to ASA. “Believe me when I tell you it’s been a bear to raise funds.

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Just Released: 2023 Benchmarking Guide for Family Business Directors

Auto Dealer Valuation Insights

Growing up playing football, the team would gather after every game to run back the tape and review film. Rewatching games where you made a big play and the team won was always a good feeling. A loss? As my college coach from East Tennessee used to say, “Katy, bar the door.” If 2021 was a comeback win for a lot of companies after the COVID-19 downturn, 2022 was like running into a stonewall.

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Gibson Energy Buys South Texas Gateway Oil Terminal For $1.1B

Benzinga

Gibson Energy, Inc. (OTC: GBNXF ) plans to acquire Ingleside-based South Texas Gateway oil terminal for $1.1 billion in cash. The acquisition expands Gibson's footprint with connectivity to the Permian basin and provides a platform for future infrastructure growth with existing and new customers. The company said this transaction strengthens Gibson's infrastructure revenues and bolsters the continued growth of distributable cash.

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What Does Innovation Look Like? | Ncontracts

N Contracts

Dave Hales, Chairman and CEO of $53 million-asset Global Innovations Bank in Kiester, Minnesota, was recently named a finalist for Innovator of the Year by American Banker. Hales and his team bought a small community bank in Minnesota five years ago and found a way to expand into a high-risk niche while still serving the local community – nearly tripling the size of the bank.

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Carlisle Companies Divests Carlisle Fluid Technologies For $520M

Benzinga

Carlisle Companies Inc (NYSE: CSL ) has inked a definitive deal to sell Carlisle Fluid Technologies (CFT) to an affiliate of Lone Star Funds in a transaction valued at $520 million. Lone Star is a private equity firm that invests in real. Full story available on Benzinga.

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Sun Acquisitions Announces Successful Buy-Side Campaign for TOPS Products

Sun Acquisitions

Sun Acquisitions is pleased to announce the acquisition of Redi-Tag Corporation from Identity Group by its Buy-Side client TOPS Products. TOPS is an industry leader in the manufacturing of home, school, and office products and is based in Naperville, IL. TOPS is owned by private equity firm Atlas Holdings, which is based in Greenwich, CT. Redi-Tag is a leading manufacturer of page flags, laser tabs, sticky notes, and other back-to-school and office products and is based in Nashville, TN.

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Earthstone & Northern Oil & Gas Ink Acquisition Deal For Delaware Basin Permian Assets

Benzinga

Earthstone Energy, Inc. (NYSE: ESTE ) inked a deal to acquire Novo Oil & Gas Holdings , LLC, a privately-held Delaware Basin-focused E&P company, for $1.5 billion. Concurrently, Northern Oil & Gas Inc (NYSE: NOG ) penned a deal with Earthstone to acquire a 33.33% undivided working stake in the Novo assets for $500.0 million in cash. With this, ESTE will hold 66â…” % interest in Novo assets.

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Avoid These Mistakes When Buying a Business

Hallmark Brokers

Purchasing an existing business can be an exciting venture, offering a faster entry into entrepreneurship and the potential for immediate profits. However, it’s crucial to approach the process with caution and avoid common pitfalls that can lead to costly mistakes. In this blog, we will discuss four common errors to steer clear of when buying.

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