Wed.Dec 06, 2023

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SEC’s SolarWinds complaint Demonstrates Regulator’s Aggressive Enforcement on Cybersecurity

Harvard Corporate Governance

Posted by Brock Dahl, Timothy Howard, and Pamela Marcogliese, Freshfields Bruckhaus Deringer LLP, on Wednesday, December 6, 2023 Editor's Note: Brock Dahl , Timothy Howard , and Pamela Marcogliese are Partners at Freshfields Bruckhaus Deringer LLP. This post is based on a Freshfields memorandum by Mr. Dahl, Mr. Howard, Ms. Marcogliese, Elizabeth Bieber , Beth George , and Mark Appleton.

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Future-proofing health systems for climate risks and pandemics

Mckinsey and Company

Climate change and infectious-health risks are threatening health systems across the globe. High-impact investments that address these risks concurrently could also help build resilient health systems.

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Attorney General Barr Could Use Some Help On Delaware Law

Harvard Corporate Governance

Posted by Hon. J. Travis Laster, Delaware Court of Chancery, on Wednesday, December 6, 2023 Editor's Note: The Honorable J. Travis Laster is Vice Chancellor at the Delaware Court of Chancery. This post is based on his article and is part of the Delaware law series ; links to other posts in the series are available here. The universe regularly provides reminders to remain humble, including reminders that having expertise in one area does not make you an expert in adjacent areas.

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Forward Thinking on the tricky business of removing carbon from our world with Nan Ransohoff

Mckinsey and Company

A leading market maker for investment in carbon removal believes that tackling climate change has to be done quickly, but that the problem is tractable. Doom-laden thinking has gone too far.

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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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BV Insights: Who Does the Marketing?

BVR

With the 2023 BVR Benchmarking Survey closed and the full results having been released, let's take a look at some of the insights regarding practice management.

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Why do organizations have COOs?

Mckinsey and Company

The operations lead is the counterweight to the external-facing CEO, building organizational resilience and employee empowerment.

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More Trending

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Solving the climate finance equation for developing countries

Mckinsey and Company

To achieve net-zero emissions by 2050, it will be vital to mobilize sufficient capital to drive decarbonization in developing countries.

Finance 122
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How the “Wild West” of Tax Preparation Led to Massive ERC Issues

ThomsonReuters

The Employee Retention Credit (ERC) emerged as a lifeline for many companies during the COVID-19 pandemic, incentivizing them to retain their employees and navigate through the financial turmoil. However, while the ERC served as a valuable support mechanism, it has also raised concerns about abuse when it comes to accurate claims for the credit. James Creech, a senior manager with Baker Tilly’s tax advocacy and controversy team, explained that the origin of the current issues with the ERC

Start-ups 105
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Exxon Mobil's Big Bet: $20B Annual Buybacks, Doubling Upstream Earnings By 2027 Amid Pioneer Merger Scrutiny

Benzinga

Exxon Mobil Corporation (NYSE: XOM ) said it expects oil and gas production in 2024 to be about 3.8 million oil-equivalent barrels per day. The company projects production to rise to about 4.2 million oil-equivalent barrels per day by 2027, driven by growth in the Permian and Guyana. Since 2019, the solid execution of strategy has increased the earnings power of the corporation, adding about $10 billion to its annual earnings and cash flow at a real Brent price of $60 per barrel, ExxonMobil said

Equity 105
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Kirkland-Led AbbVie To Pay $8.7B For Cerevel Therapeutics

Law 360 M&A

Kirkland & Ellis LLP-advised AbbVie Inc. said Wednesday it has agreed to buy Latham & Watkins LLP-guided Cerevel Therapeutics and its neuroscience treatment portfolio for approximately $8.7 billion.

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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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2023 Year-End Guide - Tax Accounting Methods

Machen McChesney

A taxpayer’s tax accounting methods determine when income is recognized and costs are deducted for income tax purposes. Strategically adopting or changing tax accounting methods can provide opportunities to drive tax savings and increase cash flow. However, the rules covering the ability to use or change certain accounting methods are often complex, and the procedures for changing methods depend on the mechanism for receiving IRS consent — that is, whether the change is automatic or non-automati

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Use GenAI to secure your environment – without creating new risks

Avanade

Avanade’s Data, AI and Security expert Sarah Rench discusses the conundrum of generative AI and if it complicates your security challenge or helps you to address it.

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Pandemic lessons learned: ‘We need to be more equitable, effective, and efficient’

Mckinsey and Company

Former White House official Raj Panjabi shares his insights on pandemic prevention and preparedness, and the critical role public and private sectors can play in a global health emergency response.

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95% of SMEs recognise strategic importance of accountants, FreeAgent finds

Accountancy Today

Almost all (95%) of UK business leaders acknowledge the importance of accountants to their organisations, According to new research from online accounting provider FreeAgent. The survey, conducted among business leaders and accounting professionals, provides an overview of the skills, expectations and perceptions surrounding the accounting profession.

Finance 83
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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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Will today’s environment affect vehicle purchase decisions for US consumers?

Mckinsey and Company

The economic environment has US consumers rethinking their next car purchase. At the same time, interest in environmentally friendly vehicles continues to grow.

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KPMG plans merger of UK and Swiss businesses

Financial Times M&A

Tie-up subject to votes by partners in both countries as consultancy seeks to boost growth and move past scandals

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Q4 2023 Quarterly Economic and M&A Middle Market Update

Butcher Joseph & Co.

Jeff Buettner talks about how business and financial planning in the current economic environment is more important now than ever. The post Q4 2023 Quarterly Economic and M&A Middle Market Update appeared first on ButcherJoseph & Co.

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Italy’s veto on French deal shows EU defence consolidation is a distant dream

Financial Times M&A

Rome’s decision to block Safran’s acquisition of Microtecnica is latest shot in an often strained security relationship

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Popular Coffee Collection To Boost Ohio Wellness Company's Position In Market

Benzinga

Ohio-based Better For You Wellness, Inc. (OTC: BFYW ) announced on Tuesday the successful closure of its previously announced asset purchase agreement with The Ideation Lab, LLC and its subsidiaries. This deal marks a significant milestone for the company, positioning it for growth in the $1.5 trillion wellness industry, BFYW said. The Ideation Lab, founded in 2019, has been at the forefront of innovation in various wellness segments, including functional beverages, skincare, personal care, pet

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7th Circ. Searches For Guidance Over Ancestry.com Terms

Law 360 M&A

A Seventh Circuit judge found little help Wednesday from both Ancestry.com and minors suing the company for sharing their genetic testing information, as he searched for cases to back up a trial court ruling letting the plaintiffs avoid an arbitration clause their parents signed.

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Coventry bid for Co-op Bank could return lender to mutual ownership

Financial Times M&A

Private equity-owned lender receives non-binding bid from UK’s third-largest building society

Banking 101
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Weber Stockholder Burned By BDT's $3.7B Buy Sues In Del.

Law 360 M&A

The private equity firm that took barbecue grill mainstay Weber Inc. public in 2021 and then private again a year and a half later took advantage of its influence on the board to grab the company at an unfairly low price of $8.05 per share, a new Delaware Court of Chancery complaint alleges.

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Benchmark International Successfully Facilitated The Transaction Between Mission Data, LLC And Growth Acceleration Partners

Benchmark Report

Benchmark International has successfully facilitated a transaction between Louisville, Kentucky-based Mission Data, LLC, and Austin, Texas-based Growth Acceleration Partners.

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Winston & Strawn Closing Hong Kong Office Next Year

Law 360 M&A

After 15 years in business, Winston & Strawn LLP will shutter its Hong Kong office before the Chinese New Year, the firm told Law360 Pulse on Wednesday.

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Qatar approached to take stake in Drahi’s auction house Sotheby’s

Financial Times M&A

Franco-Israeli billionaire under pressure to sell assets to pay down Altice debt

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Benchmark International Successfully Facilitated The Transaction Between Prolist, Inc. And JAL Equity

Benchmark Report

Benchmark International has successfully facilitated a transaction between Frederick, Maryland-based ProList, Inc. and Sarasota, Florida-based JAL Equity.

Equity 63
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Canadian Home Of Cookies, Sherbinskis And Wyld Cannabis Brands: BZAM Expands Empire With New Acquisition

Benzinga

Canadian cannabis producer BZAM Ltd. (CSE: BZAM) (US-OTC: BZAMF) has entered into a definitive share exchange agreement on Tuesday to acquire Final Bell Canada Inc. from Final Bell Holdings International Ltd. What Happened Under the terms of the agreement, FBHI, the sole shareholder of FBC, will receive 90 million common shares of BZAM at a deemed price of $0.15 per share, representing approximately one-third of the issued and outstanding shares of BZAM following the closing of the transaction,

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How to Raise Your First Round: A Step-by-Step Guide to Startup Fundraising Strategy

Equidam

Fundraising for your startup is more than just a quest for capital; it’s about creating a narrative that embodies your team’s vision and attracts the right investors. This guide will delve into crafting an impactful fundraising story, strategizing your campaign, and choosing the best time to fundraise. Crafting Your Story: Where to Start Start with Your Ambition Refine Your Strategy Create Financial Projections Iterate Your fundraising journey begins with the core ambition of your st

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Transportation & Logistics Company XPO Wins Bid To Acquire 28 Service Centers Of Bankrupt Yellow Corp., Sees EPS Accretion

Benzinga

XPO Inc (NYSE: XPO ) disclosed winning an auction for 28 service centers of Yellow Corporation and its subsidiaries across the U.S. for around $870 million. The auction, held on November 28, 2023, includes the assumption of three asset leases. This also comprises the right to designate, in consultation with Yellow, additional contracts that are related exclusively to the acquired assets, for 45 days Full story available on Benzinga.

Equity 59
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Comment on Another ‘Bad’ Word to Avoid! by PD

Appraisers Blog

In reply to Tom. I think the point made was not from an appraisers point of view but from the general public which of course is based on perception. I’m not for over analyzing when it comes to the general public.

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What Internal Audit Needs to Know About ‘AI Washing’

Internal Audit 360

T he term “AI washing” has emerged as a major concern in recent years, paralleling the previously established concept of “greenwashing.” Just as greenwashing involves misleading claims about a company’s environmental practices, AI washing involves exaggerating or falsifying the use of artificial intelligence (AI) in products, services, or processes.

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Comment on Another ‘Bad’ Word to Avoid! by Johnny Q

Appraisers Blog

In reply to Tom. Tom, I’m not denying the wokism and dumbness that you point out but “good” is subjective. What’s good for me may not be for you. The same 5 persons went to a highly acclaimed movie after dinner. Three of them thought the movie was good and two of them thought it was bad. What was the movie in reality? Well, it depends on individual point of views, doesn’t it?

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Simpson Thacher Guides KKR On £1.3B UK Shares Buy-Up

Law 360 M&A

U.S. investment giant KKR said Thursday that it plans to take Smart Metering Systems, a British energy infrastructure company, private in a £1.3 billion ($1.6 billion) cash deal, adding to the list of businesses leaving the London market.

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Valuation of land of an IT Park for Financial Reporting Purpose

RNC

Introduction A company had a factory land which was later redeveloped as an IT Park. Situation The property was completely developed and there was no balanced potential development over the said land parcel. The entire IT Park was on lease to different lessees. The valuation was to be done only for land as building was separately considered in the books of accounts of the company.