Mon.Aug 14, 2023

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Moving Beyond Sustainability Rhetoric

Harvard Corporate Governance

Posted by Clarke Murphy, Russell Reynolds Associates, on Monday, August 14, 2023 Editor's Note: Clarke Murphy is a Board and CEO Leadership Advisor at Russell Reynolds Associates. This post is based on his Russell Reynolds memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

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Look Inside: Economic Outlook Update Q4 2019

BVR

The Economic Outlook Update provides monthly and quarterly digests designed to give you the most defensible economic data available at your fingertips when you need it. This excerpt comes from the Q4 2019 issue.

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Trending Sources

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Public Environmental Enforcement and Private Lender Monitoring: Evidence from Environmental Covenants

Harvard Corporate Governance

Posted by Shushu Jiang (National University of Singapore), on Monday, August 14, 2023 Editor's Note: Shushu Jiang is an Assistant Professor of Accounting at the National University of Singapore. This post is based on an article forthcoming in the Journal of Accounting & Economics by Professor Jiang; Stacey Choy , Ph.D. Student in Accounting at the University of Toronto; Scott Liao , Professor of Accounting at the University of Toronto; and Emma Wang, Assistant Professor of Accounting at Cor

Finance 187
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Private equity investments in tech services: Three considerations

Mckinsey and Company

While they can generate significant returns, tech services companies have a different business model than software and software-as-a-service assets.

Equity 98
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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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The 3 Approaches and Most Commonly Used Methods of Business Valuation

BV Specialists

A Business Appraisal relies on three broadly accepted approaches that consider all the potential variables that factor into a valuation: The Income Approach, Market Approach, and Asset Approach. These approaches review and analyze historic performance, reasonable growth projections, and the underlying assets of a company to estimate value. Depending on the circumstances, one or all three will be weighed in the final assessment.

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What is burnout?

Mckinsey and Company

Burnout is the feeling of depletion, cynicism, and emotional distance that results from a lack of impact or autonomy at work.

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More Trending

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Tokenization: A digital-asset déjà vu

Mckinsey and Company

Tokenization adoption was poised for success six years ago, but progress was limited. Renewed interest might feel like déjà vu, but stronger business fundamentals and structural changes suggest the path could be different this time.

Banking 76
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Shareholders Get Court OK On $133.5M Madison Square Deals

Law 360 M&A

Shareholders who filed dueling Delaware Chancery Court suits over Madison Square Garden Entertainment's 2021 merger with MSG Networks won court approval Monday for $133.5 million worth of settlements to resolve the two disputes, with attorneys for the plaintiffs securing more than $36 million in fees and expenses.

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The Committed Innovator: Talking with Shopify’s Harley Finkelstein

Mckinsey and Company

How starting a T-shirt business in college led to helping run a giant e-commerce platform, why starting a side business makes sense, and why the meaning of ‘e-commerce’ is shifting.

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SEC Fines UK-Based Auditor, CEO Over Flawed Akazoo Audit

Law 360 M&A

A U.K. auditing firm on Monday agreed to pay the U.S. Securities and Exchange Commission $750,000 and accept other penalties to settle charges it negligently cleared a music streamer's faulty financial statements before the streamer's 2019 go-public merger with a special-purpose acquisition company.

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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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Paul Weiss poaches Kirkland lawyers in London and US

Financial Times M&A

Elite US law firm hires private equity and debt finance specialists as competition for top lawyers intensifies

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Comment on Finding of Bias in Home Valuations Fails by Own Measure by Baggins

Appraisers Blog

In reply to WAD. Sure. There is a saying; Nobody goes to jail. Just search this term; The Holder Doctrine, nobody goes to jail. Too many articles to post. In the latest series of untouchable white collar criminals SBF from FTX, charges related to illegal campaign finance contributions dropped. Of course they were. It’s not like Pam Crowley went into witness protection after blowing the whistle on appraisal management companies in the lead up to HVCC or anything.

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Esmark becomes second US Steel suitor with $10bn offer

Financial Times M&A

Move comes a day after steelmaker rejected offer from Cleveland-Cliffs

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Comment on The Real Cause of the Home Value Gap Is the Income Gap by Pat Turner

Appraisers Blog

Blaming appraisers for the income gap will never solve the real underlying problem. It's as ridiculous as blaming them for gas prices.

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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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Superstar lawyers: the poaching war between Paul Weiss and Kirkland

Financial Times M&A

Plus, Apollo gets into the accounting business and retail investors give Buffett a boost

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Buying a Restaurant with an SBA Loan

Peak Business Valuation

Buying a restaurant is an exciting opportunity! But it often requires a large financial investment. For aspiring restaurant owners securing funds can seem daunting. But, one financing option is an SBA loan for a restaurant. In this guide, we explore how to buy a restaurant with an SBA loan. We help you understand the basics of SBA loans. As a business appraiser, we can provide you with valuable insights into buying a restaurant with an SBA loan.

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ISS Discusses SEC’s $153 Million Fair Fund Payout to Investors in Mortgage-Backed Security Offering

Reynolds Holding

Investors of RBS Securities Inc.’s multi-billion 2007 subprime mortgage-backed security offering – Soundview Home Loan Trust 2007-OPT1 – will soon be eligible to receive payment from the SEC’s $153.7 million fair fund. The SEC first commenced its case in 2013 alleging RBS – a subsidiary of the Royal Bank of Scotland plc – misled investors by claiming that the loans backing the $2.2 billion security offering were generally in compliance with the lender’s underwriting guidelines.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Jack Young, ASA, ARM, has been elected as the first member for new ARM Discipline Governor Representative position. ASA has recently changed its Governance Structure to add new Appraisal Review & Management Discipline Governor Representative position on the ASA Board of Governors with Jack Young as the first elected person for this new position.

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Calhoun to Co-Present at Family Law 2023

Auto Dealer Valuation Insights

Karolina Calhoun, CPA/ABV/CFF is co-presenting an in-person CLE session alongside Will Perry and Lisa J. Gill at Family Law 2023: Intersections of Family Law hosted by the Tennessee Bar Association on August 17, 2023, at 3:30 PM. Their session will cover “Pitfalls and Pointers for Litigation Involving Closely-Held Businesses, Including Involvement in Family Law Actions.” They will answer questions.

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How to Achieve Clarity by Using a Common Framework and Methodology

Rhythm Systems

I’m a Mac guy. So, on the Rhythm team, we are all Mac users. If I hire you and you try to walk through the door with a PC, you will not be able to connect to my world. All of our monitors are set up for Macs; we have Apple TV powering our presentation monitors and not an HDMI cord in sight. If you work for me, you must be fluent with the Apple ecosystem (Mac OS and iOS).

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Clash of Valuation Visions: Appraisal Proceeding Over Manhattan Eyeglass Shop Goes the Distance

Farrel Fritz

The authors of this blog have a special affinity for fair value appraisal proceedings. The narrow hearings—where the sole issue before the court is the fair value of an owner’s interest in a business—require attorneys and appraisers to understand, convey, and advocate on both the intricacies of the business, and complex (and sometimes esoteric) valuation issues.

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Unlocking Your Company's Potential: The Transformative Power Of An M&A Firm

Benchmark Report

If you are considering selling your company, planning your retirement or succession plan , or seeking a growth or exit strategy , you have quite a few options. You can find a buyer and pursue a deal on your own.

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Private equity group CVC revives listing plans

Financial Times M&A

European buyout firm targets multibillion-euro IPO in Amsterdam and potentially before year-end

Equity 72
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Benchmark International Facilitated The Transaction Of Monarch Title To The Walker Agency

Benchmark Report

Monarch Title (seller) is a multi-location Missouri-based title insurance agency. They offer a full suite of closing services as well as title insurance.

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Agnellis/Philips: Exor scans horizon, shuns opportunity close to home

Financial Times M&A

Family holding company’s acquisition of 15% exposure to Dutch medical technology firm company’s stock not a complete surprise

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Comment on The Real Cause of the Home Value Gap Is the Income Gap by Pat Turner

Appraisers Blog

In reply to Maria. Maria, Please forward me every letter that sets a fixed fee!!! You are right, it is illegal. We want the direct evidence!!! Pturner@peturner.

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Time for Private Equity to Separate the Green from the Greenwashing

Reynolds Holding

It is de rigueur to label everything as sustainable – including in private equity. In a new working paper, we examine the claims of the top 100 private equity firms in the United States as to their committment to ESG. These firms represent more than $1.5 trillion of capital and directly employ 12 million individuals. We read and examine every document that each firm discloses on its website.

Equity 52
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Comment on Finding of Bias in Home Valuations Fails by Own Measure by Seneca

Appraisers Blog

So what, It will fall on deaf ears. Does anyone really think HUD, Fannie, Freddie and all the rest are just going to have a press conference, admit they were wrong and reverse course?

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Drafting M&A Documents Following the 2023 DGCL Amendments

John Jenkins

On TheCorporateCounsel.net, I recently blogged about the 2023 amendments to the DGCL. The governor of Delaware signed those amendments into law on July 17th, and, with a few exceptions, they will be effective August 1st.

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Comment on Finding of Bias in Home Valuations Fails by Own Measure by Baggins

Appraisers Blog

In reply to Mark skapinetz. Mark, the author Mr Bagott refers to the higher property values for lower income communities as ‘debt traps’ You see, the issue at hand is not really race, but that of the last independent group in real estate, the appraisers, still daring to stand up against lenders lining up minority tracts, and everyone else for that matter, from the debt trap machine. aka; predatory lending.

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Life Sciences Biz Paying Up To $200M For CBD Drugmaker

Law 360 M&A

Hogan Lovells-led Harmony Biosciences said on Monday it would pay up to $200 million to acquire fellow pharmaceutical company and CBD-focused drugmaker Zynerba, advised by Goodwin Procter.

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Comment on Finding of Bias in Home Valuations Fails by Own Measure by Mark skapinetz

Appraisers Blog

Here’s the thing. Y’all ain’t gonna combat bias with bias. Simple. Appraisers continue to state there is no bias. I agree. However appraisers are up against government and more. So what is the solution? I don’t know. But the more you go against the bias claims without any actual and factual data, you won’t get anywhere. You are going to continue to be in the same place you are now.

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Money Talks As Sovereign Funds Aim To Play In US Sports

Law 360 M&A

The foothold established in major U.S. sports with Saudi Arabia's investment in the PGA Tour is only the beginning for international sovereign wealth funds, legal experts say — and the sheer amount of money those funds bring in could drown out opposition to human-rights abuses.

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Comment on Finding of Bias in Home Valuations Fails by Own Measure by Baggins

Appraisers Blog

In reply to Sam Jackson. Your fight against those defending themselves from being falsely accused of bias, is biased as well. Y’all ain’t gonna win? Y’all are making it worse? Please specify what battle is being fought and whom we are supposedly winning or losing against? Move on to where? We live here too. Now what?

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