Tue.Sep 19, 2023

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Guarding Against a Short Attack

Harvard Corporate Governance

Posted by Richard J. Grossman, Neil P. Stronski and Demetrius A. Warrick, on Tuesday, September 19, 2023 Editor's Note: Demetrius A. Warrick , Richard J. Grossman , and Neil P. Stronski are Partners at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on their Skadden memorandum. Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism (discussed on the Forum here ) by Lucian Bebchuk, Alon Brav, and Wei Jiang; Dancing wi

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Building food and agriculture businesses for a green future

Mckinsey and Company

Many industry leaders expect significant disruption across the agriculture value chain over the next two years, resulting in new opportunities to build and scale green-growth, resilient businesses.

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CEO Succession Practices in the Russell 3000 and S&P 500

Harvard Corporate Governance

Posted by Matteo Tonello, The Conference Board, on Tuesday, September 19, 2023 Editor's Note: Matteo Tonello is Managing Director of ESG Research at The Conference Board, Inc., Jason D. Schloetzer is Associate Professor of Business Administration at the McDonough School of Business at Georgetown University, and Lyndon A. Taylor is a Partner at Heidrick & Struggle and the regional managing partner of the Americas CEO & Board of Directors Practice.

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AI: The next frontier of performance in industrial processing plants

Mckinsey and Company

AI is more accessible than ever. With a wealth of historical data and existing subject matter expertise, processing plants are well positioned to create new opportunities.

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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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IRS Immediately Stops New Employee Retention Credit Processing Due to Fraud Concerns

Machen McChesney

Machen McChesney is committed to keeping you informed about critical developments that may impact your business. Today, we would like to bring to your attention an important update from the Internal Revenue Service (IRS) concerning the Employee Retention Credit (ERC) program.

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The organization of the future: Enabled by gen AI, driven by people

Mckinsey and Company

Generative AI can empower people—but only if leaders take a broad view of its capabilities and deeply consider its implications for the organization.

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Seize the decade: Maximizing value through pre-construction excellence

Mckinsey and Company

The capital projects ecosystem has a once-in-a-generation opportunity to support the transformation of economies—and can avoid past mistakes through pre-construction excellence.

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How effective are your leadership systems and processes?

JPAbusiness

There are a lot of ‘soft skills’ involved in being a good business leader – listening, empathising, communicating and motivating are probably top of the list. But leading a business or a team also requires a level of planning and control that is best underpinned by effective and efficient business systems and processes. The following table is designed to help you conduct an initial self-assessment of the effectiveness of your current leadership systems and processes.

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The McKinsey Crossword: Spread Sheets | No. 146

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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How a CFO Can Help with Standard Cost Accounting

Redpath

As a business owner or manager, you have to accurately predict costs in order to set prices that enable your company to operate efficiently and turn a profit.

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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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Author Talks: How you can future-proof your business for sustainable, long-term growth

Mckinsey and Company

Brunswick Group partner Lucy Parker shares how a new lens on leadership can allow you to drive financial and social value.

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Expert Q&A: What Is a Risk Appetite Statement?

N Contracts

An exceptional risk management professional, Jason Moses leverages more than 10 years of experience to help financial institutions implement risk management solutions – including developing risk appetite statements. As Senior Business Advisor at Ncontracts, he collaborates with banks, credit unions, and other financial companies to build out robust appetite statements that help them make strategically sound decisions.

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SBA Loans for Roofing Companies

Peak Business Valuation

Businesses in the roofing industry install roofing and skylights for residential and commercial customers. In addition, roofing companies can perform roofing treatments such as coating, spraying, painting, etc… IBIS World notes that the roofing industry has struggled over the past several years. This is due to various factors including a decrease in housing starts and residential construction.

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Strong IT Controls: Your IT Risk Program's Strategic Advantage

Audit Board

What are your top priorities when developing a strategic IT risk program? Steve Schlegel (Managing Director, Deloitte ) moderates a lively discussion between Greg Keches (Information Security Director, Boston Consulting Group ), Greg Boehmer (Managing Director, Deloitte ), and Melissa Pici (Senior IT Audit Manager, Syniverse ) that covers: How IT risk has changed over the last few years and how it continues to evolve.

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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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Fall 2023 M&A Update

Auto Dealer Valuation Insights

In this week’s post, we take a look at recent trends in private company transaction activity up to this point in 2023. Middle-market transaction activity fell in the second quarter of 2023, continuing an ongoing decline in transaction activity in the middle market. The decline was seen across the entire market — as activity by both strategic and financial buyers declined in the quarter.

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What to do if you filed an employee retention credit claim with the IRS

LaPorte

(authored by RSM US LLP) ERC submissions are under scrutiny by the IRS due to a surge in questionable claims. Are you confident your claim meets the eligibility requirements and can stand up to a potential audit? The post What to do if you filed an employee retention credit claim with the IRS first appeared on LaPorte.

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AI and job security: Will technology replace tax professionals?

ThomsonReuters

Jump to: Job security: AI is an enhancement, not a replacement Making AI work for you: Best practices for tax professionals A collaborative future with AI The dawn of artificial intelligence (AI) has sparked concerns across various industries about the potential replacement of human workers with machines. With the recent release of tools like ChatGPT , apprehensions about job security are growing among many professionals, including those in the tax and accounting space.

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Can hot IPOs revive the market?

Financial Times M&A

Plus, the CMA takes its power and western companies fret over lost Russian profits

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2023 state legislatures break even on efforts to tax sports wagering?

ThomsonReuters

With the recent start to the NFL season, sports wagering is a popular topic of conversation among football fans. It’s also been a popular topic of debate in state legislatures. Earlier this summer, Kentucky, North Carolina, and Vermont all enacted laws that legalize and tax sports wagering activities. Similar efforts in Texas, Missouri, and Georgia failed to garner enough support.

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Top 8 Reasons why Buyers Walk Away from an Acquisition

Exit Strategy

Deciding to pursue a merger or acquisition can be a complicated process fraught with risk. Even when the financials look good and the potential rewards seem great, there are several reasons why a buyer might decide to walk away from a deal. Understanding these reasons can help sellers prepare for negotiations and improve the likelihood […] The post Top 8 Reasons why Buyers Walk Away from an Acquisition appeared first on Exit Strategies Group, Inc.

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Latham & Watkins Discusses the Proposed ESG Auditing Rule You Know Nothing About

Reynolds Holding

On June 6, 2023, the Public Company Accounting Oversight Board (PCAOB), the nonprofit corporation established by Congress to oversee the audit of public companies, proposed new auditing standards designed to further its “investor-protection mandate.” [1] These standards, if adopted, would heighten requirements for auditors to identify, evaluate, and communicate regarding a company’s possible or actual noncompliance with laws and regulations, as described in more detail below.

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Top 8 reasons why buyers walk away from an M&A deal

Exit Strategy

Making the decision to pursue a merger or acquisition can be a complicated process fraught with risk. Even when the financials look good and the potential rewards seem great, there are several reasons why a buyer might decide to walk away from a deal. Understanding these reasons can help sellers prepare for negotiations and improve […] The post Top 8 reasons why buyers walk away from an M&A deal appeared first on Exit Strategies Group, Inc.

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Non-Competes: Del. Chancery Declines to “Blue Pencil” Another One

John Jenkins

It hasn’t been a good year for plaintiffs seeking to enforce non-compete clauses in Delaware Chancery Court, and things didn’t improve last month when Vice Chancellor Zurn issued her letter ruling in Centurion Service Group, LLC v. Wilensky, (Del. Ch.; 8/23).

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Putting the (Insta)cart before the (Grocery) horse: A COVID Favorite's Reality Check!

Musings on Markets

After years of rumors of an imminent IPO, Instacart has finally filed for a public offering of it’s shares, aspiring to raise about $600 million from markets, at a pricing of about $9-$10 billion for its equity. Coming in the week after ARM, an AI chip designer, also filed to go public, but with an estimated pricing of $55-$60 billion, it is an indication of how much the ground has shifted under Instacart since the heady days of 2020, when Instacart was viewed by some Americans as the only thing

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Does Common Ownership Constrain Rent Extraction by Managers?

Reynolds Holding

Over the past four decades, the share of U.S. public firms held by institutional investors who concurrently invest in other firms within the same industry – common ownership – has increased fivefold. While some argue that common ownership has anticompetitive effects, others tout its economic benefits. Yet the impact of common ownership on rent seeking by managers remains relatively unexplored.