Thu.Sep 07, 2023

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Corporate Governance and Risk-Taking: A Statistical Approach

Harvard Corporate Governance

Posted by Steven L. Schwarcz (Duke University), on Thursday, September 7, 2023 Editor's Note: Steven L. Schwarcz is the Stanley A. Star Distinguished Professor of Law & Business at Duke University School of Law and Senior Fellow of the Centre for International Governance Innovation. This post is based on his recent paper. Recent bank failures have spurred widespread demands to impose greater penalties on corporate managers that engage in excessive risk-taking.

Banking 232
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The plant as a product: Hyperscaling green capex

Mckinsey and Company

Most capital projects overrun schedules and exceed budgets. A new delivery system for capital expenditures can help reduce costs and increase efficiency for green tech projects.

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Board Oversight of Diversity, Equity, and Inclusion

Harvard Corporate Governance

Posted by Blair Jones (Semler Brossy), Anna Natapova (Semler Brossy), and Chuck Gray (Egon Zehnder), on Thursday, September 7, 2023 Editor's Note: Blair Jones is a Managing Director at Semler Brossy LLC, Anna Natapova is Principal at Semler Brossy LLC, and Chuck Gray is Coleader of the US CEO and Board Practice at Egon Zehnder. This post is based on a Semler Brossy memorandum by Ms.

Equity 228
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Ncontracts Endorsed by The Georgia Bankers Association

N Contracts

BRENTWOOD, Tenn., September 7, 2023 -- Ncontracts , the leading provider of integrated compliance, vendor, and risk management solutions to the financial industry, has been officially endorsed by the Georgia Bankers Association for its Risk Performance Management (RPM) Suite.

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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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Transitioning from Cash Basis to Accrual Accounting

Redpath

Experienced business leaders know they need accurate information to make the best decisions for their company. Simply put, using a cash basis system for your bookkeeping and accounting leaves you lacking important information to measure your business by.

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Microsoft’s looming regulatory vulnerability

Financial Times M&A

Tech giant has side-stepped some issues with deft concessions but faces scrutiny over its most important business

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More Trending

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The Importance of Communication During Due Diligence

A Neumann & Associates

Mergers and acquisitions ( M&A ) are complex transactions that require careful planning, analysis, and execution. Due diligence is a critical part of the M&A process, as it involves an in-depth examination of the target company’s financial, legal, operational, and other relevant information. Effective communication between the acquiring company and the target company is essential during the due diligence period to ensure a smooth and successful transaction.

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Daily Mail in talks over Qatari funding for Telegraph bid

Financial Times M&A

Gulf finance in demand as rival media groups circle conservative broadsheet

Finance 134
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FRP Corporate Finance advises on Go Plastic Pallets sale

Accountancy Today

FRP Corporate Finance has advised UK’s leading independent supplier of plastic pallets, Go Plastic Pallets, on its sale to Dutch based products and logistics services provider, Rotom Group. East Sussex-based Goplasticpallets.com is an independent supplier of plastic pallets, plastic pallet boxes and plastic containers. Founded in 2001, by co-founder’s Jim Hardisty and Chris Adam, the business is a team of experts who have over 160 years of experience within the logistics industry.

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Will London’s members-only scene work in New York?

Financial Times M&A

Plus, one of Europe’s richest families bets on US media and sport and Armani charts his legacy, without a French takeover

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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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Update on Depreciating Business Assets

Machen McChesney

The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year due to inflation adjustments. And due to high inflation, the adjustments for 2023 were big. Here are the numbers that small business owners need to know.

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Head of Luxury Goods Maker Kering Buys Majority Stake in Talent Agency CAA

NYT M&A

The deal for Creative Artists Agency by François-Henri Pinault’s family office reflects the growing convergence of celebrities and fashion.

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Pinault’s Artémis to buy majority stake in Hollywood talent agency CAA

Financial Times M&A

Transaction begins new chapter for family whose holdings have largely focused on the luxury industry

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Daily Mail owner looks to Middle Eastern backers over Telegraph bid

The Guardian M&A

Lord Rothermere is second potential suitor to turn to oil-rich region for financial support The owner of the Daily Mail has tapped Middle Eastern investors about potentially backing his bid for the Telegraph, the second prospective suitor known to have turned to the oil-rich region for financial support in a forthcoming auction of the leading Conservative newspaper.

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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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Smurfit Kappa/WestRock: packaging combination should offer more than paper gains

Financial Times M&A

The tie-up would create the world’s largest paper and packaging group by sales and be worth $30bn

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Consortium-Backed By Billionaires Boaz Weinstein, Bill Ackman Revise Sculptor Capital Bid As Board Shows Concern

Benzinga

American hedge fund manager and founder of Saba Capital Management , Boaz Weinstein and his consortium of bidders have updated their purchase offer for Sculptor Capital Management Inc (NYSE: SCU ) in response to concerns outlined by the board's special committee in a recent proxy filing. This consortium, which includes billionaires such as Bill Ackman , Marc Lasry , and Jeff Yass, increased its offer by 51 cents per share the previous week.

Equity 69
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The 2024 Middle Market Strategic CEO Playbook

Rhythm Systems

Navigating the complex and dynamic business environment requires middle-market CEOs to have a robust and adaptable strategic playbook. This comprehensive guide explores 7 essential plays that every middle market CEO must consider to effectively tackle the challenges and opportunities they may encounter in 2024 and beyond.

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Nestle Ups The High-End Gifting Game, Buys Major Stake In Premium Chocolate Maker Of Brazil

Benzinga

Nestle S.A. (OTC: NSRGY ) inked a deal with Advent International to buy a majority interest in Grupo CRM , the Brazilian premium chocolate company, for an undisclosed amount. A couple of publications predicted transaction value to be about R$3 billion ($602.78 million) or R$4.5 billion ($904.18 million), as per Reuters. Grupo CRM has a direct-to-consumer model and.

Equity 59
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The future of accounting is here: Are you ready to move forward?

ThomsonReuters

Jump to: What is the future of accounting? Prepare for the future of accounting with Thomson Reuters Practice Forward® How to turn transactions into connections In today’s economic landscape, roles are constantly shifting and evolving to meet the demands of compliance frameworks, changes in tax laws , and the expectation of more data on demand. Clients are turning to their professional teams, including their accounting firms, to take on more advisory roles.

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US Packaging Company WestRock Expected To Lock Deal With European Firm Creating $20B Entity

Benzinga

WestRock Co (NYSE: WRK ) is reportedly nearing a merger with Europe's Smurfit Kappa Group (OTC: SMFKY ), a move set to create a global paper and packaging giant valued at around $20 billion. This potential merger comes as both companies face challenges amid weakening demand and declining prices in the containerboard market, used for making corrugated shipping boxes and industrial packaging, along with a challenging outlook for the global paper industry.

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Accounting implications of digital transformation in health care

LaPorte

(authored by RSM US LLP) How economic conditions and related accounting implications are affecting life sciences companies, according to RSM audit leaders. The post Accounting implications of digital transformation in health care first appeared on LaPorte.

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Precision Drilling Bolsters Service Offering Via Acquisition Of CWC Energy Services For C$141M

Benzinga

Precision Drilling Corp (NYSE: PDS ) penned an agreement to acquire CWC Energy Services Corp. for approximately C$141 million. The acquisition price comprises 947,909 PDS shares valued at approximately C$88 million as of September 1, 2023, market close, C$14 million in cash, plus the assumption of CWC's outstanding debt. With the deal, PDS expects to add 62 marketed service rigs in Canada, seven in Canada, and 11 in the U.S. to its fleet.

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Who Owns ESG Today? Second Line Evolution and the Integrated Reporting Imperative

Audit Board

Who owns environmental, social, and governance (ESG) in your organization? Who should own it? What does “good” ESG governance and strategy look like, and how are companies integrating it with existing risk and compliance governance structures? As stakeholder interest in ESG continues to rise and disclosure requirements are written into law worldwide, forward-looking companies are working to answer these questions and others.

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Why Summit Materials Stock Is Trading Lower Today

Benzinga

Summit Materials, Inc. (NYSE: SUM ) shares are trading lower after the company announced a combination with Argos North America Corp. (Argos USA), the U.S. operations of cement manufacturer Cementos Argos S.A. in a cash and stock transaction valued at $3.2 billion. The combination of Summit and Argos USA will create the fourth-largest cement platform in the U.S. and accelerate Summit's 'Elevate Summit' strategy.

Equity 52
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Child and dependent care tax credit 101

ThomsonReuters

Jump to: Child and dependent care credit FAQs What is kiddie tax? What is the adoption tax credit? Claiming children on taxes Choosing the best tax preparation software As all working parents know, the cost of child and dependent care can be a significant financial burden. To help offset these expenses, the IRS offers the child and dependent care tax credit.

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Comment on Appraiser Countersuing Black Homeowners for Defamation by Antney

Appraisers Blog

The Maryland appraiser has filed a motion to dismiss and a countersuit against the black homeowners, claiming defamation.

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Child tax credit: FAQ

ThomsonReuters

Jump to: What is the child tax credit? Who qualifies for the child tax credit? How much is the child tax credit? What is the advance child tax credit? What is the difference between the child tax credit and the child and dependent care credit? Are there any recent changes with child tax credit legislation? Which tax software can accountants use for calculating the child tax credit?

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Antitrust: Will the FTC & DOJ’s Failed Attacks on Vertical Deals Spark a Merger Wave?

John Jenkins

We’ve blogged quite a bit about the FTC & DOJ’s aggressive approach to merger enforcement and the agencies’ willingness to adopt novel theories in litigation. That combination has led to several high-profile losses in federal court, but it’s been suggested that “winning by losing” is part of the strategy.

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What is Form 2441?

ThomsonReuters

Jump to: What are the qualified expenses for Form 2441? Form 2441 instructions Helping clients with Form 2441 Tax software for Form 2441 Form 2441 is a tax form used to claim the child and dependent care tax credit. This credit is designed to provide tax relief to individuals or couples who have incurred expenses for the care of qualifying children or dependents while they are working or looking for work.

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Comment on Appraiser Countersuing Black Homeowners for Defamation by Antney

Appraisers Blog

In reply to Kenneth Mullinix. HUD has jurisdiction over any real estate transaction when it comes to The Fair Housing Act (Act) sets forth the boundaries of the Department’s jurisdiction to act on housing-related complaints of discrimination.

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What to know about claiming dependents on taxes

ThomsonReuters

Jump to: Qualifying for the dependent care credit What is a dependent care FSA? When does a dependent have to file their own taxes? Helping clients with claiming dependents Tax software for claiming dependents on taxes From an accountant’s perspective, helping your clients navigate the various aspects of claiming dependents on taxes can be complicated.

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Comment on Appraiser Countersuing Black Homeowners for Defamation by Antney

Appraisers Blog

In reply to Kenneth Mullinix. People look thru rose colored glasses when it comes to their real estate. Many have a warped view of what market value means and what determines market value.

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What is Schedule 8812?

ThomsonReuters

Jump to: What is the additional child tax credit? Schedule 8812 instructions Helping clients with Schedule 8812 Tax software for Schedule 8812 In an effort to provide financial relief to families, Schedule 8812 is an IRS form designed to help taxpayers maximize their tax benefits for qualifying children through the additional child tax credit.

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Corporate Governance in the Age of Superstar CEOs

Reynolds Holding

In recent years, certain CEOs have gained remarkable prominence and influence not only within the business world, but also in mainstream media. These “superstar” CEOs are portrayed as exceptional, charismatic, and innovative leaders capable of extraordinary financial results. In other words, their leadership is “essential” to the company’s value, and they wield significant influence and power over investors and their board of directors.

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