Fri.May 03, 2024

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Defenseless companies invite activism

Harvard Corporate Governance

Posted by Miles Rogerson, Diligent Market Intelligence, on Friday, May 3, 2024 Editor's Note: Miles Rogerson is a Financial Journalist at Diligent Market Intelligence (DMI). This post is based on his Diligent memorandum. Nearly half of the Russell 3000 companies targeted by activists in 2023 had few defenses against such advances. According to Diligent Market Intelligence’s (DMI) Governance data, of the 103 Russell 3000 companies targeted by primary- and partial-focus activists in 2023, 50 had

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Why so many bad bosses still rise to the top

Mckinsey and Company

Narcissism. Overconfidence. Low EQ. Why do we persist in selecting for leadership traits that hamper organizational progress—and leave the right potential leaders in the wrong roles?

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Weekly Roundup: April 26-May 2, 2024

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, May 3, 2024 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of April 26-May 2, 2024 The CSDDD: How the Phoenix Can Rise from the Ashes Posted by Robert G. Eccles (SaĂŻd Business School), Richard Gardiner, and Andrea Webster, World Benchmarking Alliance, on Friday, April 26, 2024 Tags: Corporate Sustainability Due Diligence Directive , CSDDD , EU , Sustainability That St

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Gen AI talent: Your next flight risk

Mckinsey and Company

Active users of gen AI are high value and in demand—and in many cases, poised to quit. New research reveals how to attract them, keep them engaged, and motivate them to stay put.

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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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Glencore-Anglo American Tie-Up Makes More Sense Than BHP Offer, Analyst Says

Benzinga

Diversified miners Glencore (OTC: GLNCY ) and Anglo American (OTC: NGLOY ) offer a better match than that proposed in BHP Group ‘s (NYSE: BHP ) offer for Anglo, RBC Capital Markets analyst Marina Calero said in a note to clients on Friday. Last week, Australia-headquartered BHP said it had made a $39 billion offer for London-based Anglo, which swiftly rejected the proposal as too low.

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Digital twins: Capturing value from renewable hydrogen megaprojects

Mckinsey and Company

Hydrogen developers could use digital twins to improve the economic viability of renewable projects and meet increasing demand. Here, we illustrate how, using renewable hydrogen as an example.

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From start-up to centaur: Leadership lessons on scaling

Mckinsey and Company

This playbook for founder CEOs on scaling from start-up to standout and beyond borrows lessons from the global B2B software-as-a-service industry.

Start-ups 131
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IRS releases plan to triple its audit rates on large corporations

LaPorte

(authored by RSM US LLP) Audit rates on large corporations to increase threefold, per newly released IRS roadmap for spending Inflation Reduction Act funds. The post IRS releases plan to triple its audit rates on large corporations first appeared on LaPorte.

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What is deep learning?

Mckinsey and Company

Deep learning is a type of machine learning that is more capable, autonomous, and accurate than traditional machine learning.

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Comment on GSE Exec Boasts Scheme to Slash Appraiser Numbers by Flash

Appraisers Blog

In reply to wildman. Presently I have 3 appraisals on my desk to complete. Kind of busy here. Why are you continuing with a discussion on the lack of a National Appraiser Union which never has or never will exist due to economics of running a business and making a profit? Blaming Reagan for the lack of Appraiser Unions, Really? You are just pointing at other actors or people.

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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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Why flow matters most in highly complex manufacturing

Mckinsey and Company

To meet escalating demand for the latest advanced products, companies need a better way to handle the interactions and uncertainties of increasingly complex manufacturing.

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Comment on GSE Exec Boasts Scheme to Slash Appraiser Numbers by wildman

Appraisers Blog

In reply to Flash. Flash go back to bed. Unfortunately, we screwed ourselves. Reagan broke the unions. There will be a change in our society when people wake up and realize how much Reagan screwed us over (Iran – Contra) with the unions. He gave Iran the arms. Now look where we are with that. There is no safe return on our money. Placing your savings in a bank, that’s a joke.

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Anant Bhalla on the convergence of insurance, asset management

Mckinsey and Company

The former CEO of American Equity Investment Life reflects on his career path, Brookfield’s acquisition of AEL, and his predictions for the insurance industry.

Equity 107
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Comment on Low Value = Material Deficiencies? New FHA ROV Policy by Todd Redington

Appraisers Blog

I will be blunt. I have no problem with 95% of this announcement. Note that the reason the term “material deficiencies” is stated so many times is because it has to be included in each of the housing programs. So on the left you have Forward mortgages, reverse mortgages then you have the different sections of each of those programs that have to reference to the changes in other sections and so on and so forth.

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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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Thomas Dohmke on improving engineering experience using generative AI

Mckinsey and Company

Thomas Dohmke, CEO of GitHub, discusses the impact generative AI will have on software development, the evolution of the developer’s role, and the opportunity to accelerate innovation.

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Comment on Low Value = Material Deficiencies? New FHA ROV Policy by Mary T Thompson

Appraisers Blog

In reply to George Easton on Twitter. I like that idea! They should not be wasting our time and delaying the entire process by numerous ROV’s that are useless and will not change the value already determined by the only person who has the education and training to do so… The Appraiser.

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What’s the future of AI?

Mckinsey and Company

AI is here to stay. To outcompete in the future, organizations and individuals alike need to get familiar fast. This series of McKinsey Explainers dives deep into the seven technologies that are already shaping the years to come.

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Potential Bidding War Emerges For Anglo American As Glencore Considers Offer

Benzinga

Anglo American (OTCQX: NGLOY ) could be at the center of a bidding war with commodities giant Glencore (OTCPK: GLCNF) after it rejected BHP ‘s (NYSE: BHP ) $39-billion offer. What Happened : According to sources cited by Reuters, discussions within Glencore are internal and preliminary at this stage. With Glencore potentially entering the race and BHP contemplating an improved offer, Anglo American finds itself in a prime position to benefit from a potential bidding war.

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What is machine learning?

Mckinsey and Company

Machine learning is a form of artificial intelligence that is able to learn without explicit programming by a human.

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Comment on Low Value = Material Deficiencies? New FHA ROV Policy by Spencer Paul

Appraisers Blog

In reply to Rose. But your example is defect appraisal products and we are talking about ROV due specifically to “racial bias”. How is this applicable here? Just an example of the process failing anyways?

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Author Talks: The magic of unmuting yourself

Mckinsey and Company

Do you tend to speak up or play it safe? Author Elaine Lin Hering shares how you can build the confidence to find—and use—the voice you’ve learned to bury.

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Comment on Low Value = Material Deficiencies? New FHA ROV Policy by Todd Redington

Appraisers Blog

In reply to Spencer Paul. I am actually speaking from first hand experience. As a Sr Residential Collateral Risk Analyst for HSB we would review any ROV request that came through before passing it on to the appraiser. I was able to address the concern(s) or ROV comps much of the time and the ROV would be rejected as unsubstantiated. The appraiser would never see it.

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A microscope on small businesses: Spotting opportunities to boost productivity

Mckinsey and Company

MSMEs are vital for growth and jobs, but struggle with productivity. The route to higher productivity lies in creating a win-win economic fabric for all companies.

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Comment on Low Value = Material Deficiencies? New FHA ROV Policy by Mary Cummins

Appraisers Blog

Great article, Dave. I was thinking the same things when I saw that letter. I also don’t have a problem with a fair and legitimate ROV. My issue is that some people will do ROVs for the hell of it. Their thinking is “why not, can’t hurt, it’s my right…” One important oversight here. They must include a fee for appraisers to do ROVs.

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Gen AI in customer care: Early successes and challenges

Mckinsey and Company

The contact center emerged as an early use case for generative AI—with varied success. Organizations can learn from early adopters and think about their adoption strategies across three horizons.

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Comment on Low Value = Material Deficiencies? New FHA ROV Policy by Dave F. Towne

Appraisers Blog

In reply to Spencer Paul. No. That’s Mary’s point. Appraisers are expected to review and analyze up to FIVE more properties for FREE, just so someone else’s value opinion can be hopefully supported.

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Creating a European AI unicorn: Interview with Arthur Mensch, CEO of Mistral AI

Mckinsey and Company

Arthur Mensch, CEO and cofounder of Paris-based Mistral AI, discusses his company’s large language models, its open-source strategy, and how AI will change the workplace.

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Comment on Low Value = Material Deficiencies? New FHA ROV Policy by Chuck

Appraisers Blog

OK, it sounds like lenders want a completely unbiased and accurate appraisal. Granted I am a newbie (4 years on), but my question is this; why do we not receive the contract with no price ? Terms etc. would be fine, but why include the price ? My guess is that lenders would not like that. why not you may ask ? Every piece of information will have your brain collating and comparing with possibly some influence, acknowledged or not.

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Stand and deliver: Three imperatives for civil servants

Mckinsey and Company

Today’s governments face increasing obstacles to achieving their primary mission: serving the public. Refreshed management approaches and new technologies can help.

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Comment on Low Value = Material Deficiencies? New FHA ROV Policy by Spencer Paul

Appraisers Blog

In reply to Todd Redington. There is no way they are going to actually do that, especially is someone it throwing around racial bias. They crap their pants too. So far no appraiser has had to pay out of pocket for any of the recent cases (I’m not including the loss of work, time and stress), rather mortgage companies and E&O policies. The LO teams will apply tons of pressure on the AMC and appraisal departments to force the issue on us.

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Evolving federal R&D to meet the challenges of tomorrow

Mckinsey and Company

Maximizing the value of R&D expenditures will require taking a broader, portfolio-level perspective and accepting a certain level of risk—and failure—in the process.

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Comment on Low Value = Material Deficiencies? New FHA ROV Policy by Rose

Appraisers Blog

In reply to KK. To many in the appraisal industry, Tidewater reevaluation process may seem tedious. However, it doesn’t go far enough to address damage when true fraud is discovered, and a harmed buyer is left holding an empty equity bag. Appraisers must be required to inform Lenders to obtain HUD Verifications when evidence is present that all is not as it was originally presented to be.

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Faster, smarter, bolder: How midtenure CFOs shift into a higher gear

Mckinsey and Company

Former finance leaders offer advice on how CFOs can go from good to great in the middle years of their tenure.

Finance 86
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Comment on Low Value = Material Deficiencies? New FHA ROV Policy by George Easton on Twitter

Appraisers Blog

Any good appraiser is already explicitly explaining their comp search, includes a farm list AND discusses specific sales not used that someone might wonder about. How bout a requirement that the underwriter screen any ROV before automatically sending it to the appraiser?

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