Thu.Nov 09, 2023

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Issues Facing Compensation Committees in 2024

Harvard Corporate Governance

Posted by Mike Kesner, Steve Pakela, and Lane Ringlee, Pay Governance LLC, on Thursday, November 9, 2023 Editor's Note: Mike Kesner is Partner, Steve Pakela and Lane Ringlee are Managing Partners at Pay Governance LLC. This post is based on their Pay Governance memorandum. Related research from the Program on Corporate Governance includes The Perils and Questionable Promise of ESG-Based Compensation (discussed on the Forum here ) by Lucian Bebchuk and Roberto Tallarita; Paying for long-term

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Ten key requirements for a systemic approach to climate adaptation

Mckinsey and Company

Civilization has been built on a foundation of climate stability that no longer exists. Adaptation is now as important as mitigation, and so is understanding its interrelated requirements.

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Top 5 SEC Developments

Harvard Corporate Governance

Posted by Haimavathi V. Marlier, Michael Birnbaum, and Nicole Serfoss, Morrison & Foerster LLP, on Thursday, November 9, 2023 Editor's Note: Haimavathi V. Marlier , Michael Birnbaum , and Nicole Serfoss are Partners at Morrison & Foerster LLP. This post is based on a Morrison & Foerster memorandum by Ms. Marlier, Mr. Birnbaum, Ms. Serfoss, Jina Choi , and Justin Kareem Rezkalla. we summarize below some of the most important SEC enforcement developments from the past month, with links

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Resilience during uncertainty: What industrial leaders must know

Mckinsey and Company

McKinsey’s Global Resilience Survey reveals how leaders in advanced industries view the current landscape and highlights the challenges ahead as they manage uncertainty.

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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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Year-end tax planning strategies: How to set your accounting firm up for success

ThomsonReuters

Jump to: Prioritize staffing and bandwidth Harness the power of technology Shift your value proposition to advisory As the end of the year approaches, many forward-looking accounting firms are not only guiding clients through the intricacies of year-end tax planning, but they are also setting aside time to prepare for the year ahead. In the first of our two-part year-end planning series, we’ll delve into three key ways accounting firms can prepare for next year and ensure sustained futu

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Striking the balance: Catalyzing a sustainable land-use transition

Mckinsey and Company

Without a step change in action to increase land-use efficiency, growing demand for food, fuel, and natural capital may require additional land equivalent to the total cropland of Brazil by 2030.

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Cloud-powered technologies for sustainability

Mckinsey and Company

AI, machine learning, the Internet of Things, and other technologies can play a critical role in decarbonization, and the cloud can significantly speed up and catalyze this process.

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If FTX Is Up For Sale, New Owners Must Adhere To Law, FTX Chair Gary Gensler Says

Benzinga

SEC Chair Gary Gensler has expressed that a revived FTX (CRYPTO: FTT ) could operate successfully under new leadership, provided it adheres to the law. This comes amid reports that Tom Farley , former president of the New York Stock Exchange, is among the top contenders to acquire the bankrupt crypto exchange. Farley, who launched his own digital asset exchange, Bullish , in May, is reportedly one of the final bidders in the bankruptcy auction.

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Untapped opportunities for health system pharmacies

Mckinsey and Company

Two McKinsey surveys of health system pharmacy leaders reveal that pharmacies could do more to manage margins, improve patient access, and position themselves as strategic sources of growth.

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CRA Modernization Final Rule

N Contracts

CRA Modernization Final Rule: Preparing Your Bank for What Comes Next After years of discussions and false starts, the Federal Reserve, FDIC, and OCC issued their final rule modernizing the Community Reinvestment Act (CRA) on October 24th, 2023. How will CRA modernization impact your bank? What do regulators hope to achieve? What are they looking for from banks?

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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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Do big companies cut dividends to grow?

Mckinsey and Company

Large, stable corporations almost never cut dividends as a strategic choice. Instead, they reduce dividends only when they have low earnings or when challenging economic conditions force their hand.

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Virtual Reality Co.'s $655M SPAC Merger Plans Unravel

Law 360 M&A

Special-purpose acquisition company Arogo Capital Acquisition Corp. revealed Thursday that its plans to absorb and take public virtual-reality education business EON Reality Inc. at a $655 million valuation have been terminated, and that the would-be buyer will instead pursue another merger.

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Author Talks: Anu Bradford discusses the race to become the next technology superpower

Mckinsey and Company

The global battle among the three digital powers—the United States, China, and the European Union—is intensifying. Anu Bradford explores competing digital governance models and why some are more likely to prevail than others.

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Musgrave Gin Client Video Testimonial

Benchmark Report

Benchmark International successful ly facilitated the acquisition of Musgrave Crafted Spirits ( Musgrave ). Watch as Simone Musgrave, the founder of Musgrave, shares her rationale for divesting from the brand, her journey with Benchmark International, and her future endeavours following the transaction.

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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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US holiday shopping 2023: Consumer caution and retailer resilience

Mckinsey and Company

The final stretch of an increasingly long holiday shopping season is critical for retailers, particularly as consumers focus on value and new shopping journeys.

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Maximizing Value: Tips for Selling Your Business in a Competitive Market

Sun Acquisitions

Selling a business can be one of the most significant and challenging decisions a business owner will ever make. Whether you’re looking to retire, pursue new ventures, or cash in on your hard work, maximizing the value of your business is likely a top priority. In today’s competitive market, achieving the best possible sale price requires careful planning, strategic execution, and often the assistance of experienced professionals like business brokers.

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Dolce&Gabbana’s next chapter: A conversation with CEO Alfonso Dolce

Mckinsey and Company

The Italian luxury brand has its eyes fixed on the future, launching new categories to bring global consumers closer to the Dolce&Gabbana lifestyle—and evolving along the way.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Why attending ASA’s MD114 How to Excel at Your Expert Witness Deposition December 6, 2023 course is a must for appraisers from all disciplines. In the course of their careers, all appraisers will likely find themselves in situations where they need to defend their valuation conclusions. These situations can range from inquiries by clients or advisors to formal disputes with insurance companies or lending institutions.

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Understanding and prioritizing nurses’ mental health and well-being

Mckinsey and Company

More than half of surveyed nurses in the United States reported symptoms of burnout. Employers can take additional steps to better support nurses today and sustain the profession for the future.

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The secretive Texas oil groups that are prime targets in M&A race

Financial Times M&A

Mewbourne Oil, Endeavor Energy Resources and CrownRock may struggle to resist offers to sell out as industry consolidates

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From the military to the workforce: How to leverage veterans’ skills

Mckinsey and Company

Traditional ways of hiring make it harder for many service members to land civilian jobs. A new approach could help veterans transition to the workforce—and add $15 billion to the US economy.

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Comment on Seller Filed a Racial Bias Complaint Against Me by Baggins

Appraisers Blog

In reply to Steve Maher. Receivership… Dare to look what’s really going on with that. I did and provided a research roadmap if anyone was interested. If appraisers would write and appeal to those people instead… [link] Waivers, fees, dismantling of the appraisal profession. Wrote about that too. [link] Perverse incentives to manufacture complaints against appraisers.

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CEOs’ choice for growth: Building new businesses

Mckinsey and Company

Business leaders and investors see now as an opportune time to build new businesses. New survey data reveals what’s really needed.

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Comment on Fannie Mae Filed a Complaint Against Me by Ralph

Appraisers Blog

Thanks for sharing, ones like these I usually avoid, once you go out 15-20 miles and you are in a niche market, those types of reports get flagged all day long, will usually trigger a field review and are typically harder loans to sell to investors. Hope you don’t lose business over this one and no claims are filed against your E and O.

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Tapping into dormant data can boost industrial SMEs’ competitive edge

Mckinsey and Company

Industrial-sector manufacturing SMEs amass vast data stores from sales, operations, and production that remain largely untouched. But some companies mine their dormant data to considerable advantage.

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Comment on Appraisal Bias Mantra is Largely False Reporting by Baggins

Appraisers Blog

Just How Commonplace Is Appraisal Bias? It's been proven that most of the allegations are mostly a dump truck load of bovine substance.

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From ambition to action: Decarbonization and beyond in the Netherlands 

Mckinsey and Company

The Netherlands can spearhead innovation in the global effort toward decarbonization. We explore five “forward-leaning moves” that drive economic growth, resilience, and decarbonization.

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The Art of Active Listening: Becoming a Better Internal Audit Listener

Internal Audit 360

Y ou will likely find the characteristic of being a good communicator, including the ability to listen well, on just about any list of the top traits of great internal auditors. Internal auditors are always conducting interviews and asking questions, but the real skill happens after a good question is asked—the part where they listen to the answer. Internal auditors really don’t accomplish much if they are talking, preparing the next response, and not really actively listening to what comes out

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Ami Vitale’s solution-based narratives for nature and humanity

Mckinsey and Company

Ami Vitale, a National Geographic photographer and filmmaker, is passionate about illuminating the connection between humans and nature and empowering the next generation of environmental storytellers.

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Inflexion To Sell Chambers To PE Firm In £400M Deal

Law 360 M&A

Private equity group Inflexion said on Friday that it has agreed to sell Chambers and Partners to Abry Partners in a deal that values the legal rankings giant at more than £400 million ($490 million).

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Global Insurance Report 2023: Navigating Asia’s evolving market

Mckinsey and Company

Insurance premium growth in Asia has slowed. Across both life and property and casualty lines, Asia’s insurers are at a pivotal juncture.

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How to Value a Paint Business

Peak Business Valuation

Painting businesses primarily paint and coat interior walls for residential and non-residential buildings. Painters may also paint the exterior walls of buildings. In recent years, the painting industry has seen healthy profit growth. According to IBIS World , the industry generates over $650 million in profit each year. Moving forward, we can expect healthy revenue growth and steady profit margins.

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The McKinsey Crossword: For the Boys | No. 153

Mckinsey and Company

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

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October 2023 SAAR

Auto Dealer Valuation Insights

The October 2023 SAAR was 15.5 million units, down 1.2% from last month but up 5.6% compared to this time last year. As we predicted in last month’s SAAR blog, this month officially marks the end of a seven-month streak of consecutive double-digit year-over-year improvements in the SAAR. While we do expect to see double-digit improvements pop up over the next few months, the end of this streak is.

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