Tue.Sep 05, 2023

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Lessons from the 2023 Proxy Season: Advance Notice Bylaws and Officer Exculpation

Harvard Corporate Governance

Posted by Douglas K. Schnell and Daniyal Iqbal, Wilson Sonsini Goodrich & Rosati, on Tuesday, September 5, 2023 Editor's Note: Douglas K. Schnell is a Partner and Daniyal M. Iqbal is an Associate at Wilson Sonsini Goodrich & Rosati. This post is based on a WSGR memorandum by Mr. Schnell, Mr. Iqbal, Amy L. Simmerman , Ryan J. Greecher and Brad Sorrels.

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Filling the gap: Boosting supply of recycled materials for packaging

Mckinsey and Company

High long-term demand for recycled content in packaging could lead to shortages of recycled packaging materials. We explore three ways to boost rPET availability in the US market.

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Pay Equity-Related Shareholder Proposals in 2023

Harvard Corporate Governance

Posted by J.T. Ho, Robert Bee, and Hayden Goudy, Orrick, Herrington & Sutcliffe LLP, on Tuesday, September 5, 2023 Editor's Note: J.T. Ho is a Partner, Robert Bee is Practice Support Counsel, and Hayden Goudy is Director of Environmental, Social and Governance and Corporate Governance, at Orrick, Herrington & Sutcliffe LLP. This post is based on an Orrick memorandum by Mr.

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US government productivity: A more than $2,000 per resident opportunity

Mckinsey and Company

Government remains one of the biggest productivity improvement opportunities. Organizations must be given both the ability and motivation to improve.

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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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AI Adoption in the Workplace Outpaces Risk Management Strategies

Audit Board

AuditBoard recently commissioned The Harris Poll to survey over 1,200 employed Americans on the use of AI-powered tools in the workplace compared to the presence of basic risk management controls. The results highlight interesting trends and potential concerns in AI adoption in the workplace. Regarding adoption, the survey found that about half of employed Americans (51%) use AI-powered tools (e.g., ChatGPT, DALL·E 2, Grammarly) for work, which can be viewed as a positive trend as employees seek

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Virgin Media O2 buys Russian-backed broadband provider

Financial Times M&A

Investment company LetterOne was forced to sell the business on national security grounds

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More Trending

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Saudi telecoms group acquires 9.9% interest in Telefónica

Financial Times M&A

STC move on Spanish company marks latest venture by state-owned Gulf groups into Europe

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The G20 must press ahead with sustainable and inclusive growth

Mckinsey and Company

McKinsey estimates that reducing G20 emissions by half by the end of the decade, in line with the 2015 Paris Agreement, will require its members to invest $35 trillion towards closing the net-zero investment gap, over and above current spending, write Rajat Dhawan and Anu Madgavkar in Mint.

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Enbridge in $14bn deal for Dominion gas utilities as US energy mix shifts

Financial Times M&A

Canadian pipeline group to become largest natural gas distribution company in North America

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Generosity key to successful business leadership

JPAbusiness

I was chatting with a business owner who I really admire recently and she said something about training and leadership that actually gave me goosebumps. The business owner is Rosy Sullivan from the Australian College of Professionals (ACOP) – a very successful registered training organisation based in Sydney, which Rosy and her husband John (both pictured above) started 20 years ago.

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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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Ontario Teachers’ fund to take majority stake in UK wealth manager 7IM

Financial Times M&A

Canadian pension fund agrees to buy holding from Caledonia Investments for £255mn

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Emerging Risks in Banking 2023 | Ncontracts

N Contracts

What does the survey data tell us about the emerging risks in banking? Does your financial institution face the same risks?

Banking 95
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Planning Ahead for 2024: Should Your 401(k) Help Employees With Emergencies?

Machen McChesney

The SECURE 2.0 law, enacted last year, contains wide-ranging changes to retirement plans. One provision in the law is that eligible employers will soon be able to provide more help to staff members facing emergencies. This will be done through what the law calls “pension-linked emergency savings accounts.

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Benchmark International Is A Finalist For 22 M&A Advisor Awards

Benchmark Report

Benchmark International is a finalist for an impressive 22 awards in the 22nd Annual M&A Advisor Awards. Our transactions and firm were among hundreds of entries from 450 participating companies that have successfully passed the initial evaluation stage. The process will continue as the independent panel of judges further evaluates and selects a winner from the finalists in each category.

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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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Warner Music takes majority stake in label run by son of top rival

Financial Times M&A

Elliot Grainge has criticised major record companies as ‘a conveyor belt’

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How to Value a Tax Preparation Business

Peak Business Valuation

Tax preparation businesses provide various tax-related services to individuals and businesses. This may include tax return preparation, tax planning, income tax filing, etc… As such, the tax preparation industry retains steady demand during tax season. According to IBIS World , this industry generates over $2 billion dollars per year. The tax preparation industry also has very healthy profit margins.

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Redpath Announced as Finalist in the 22nd Annual M&A Advisor Awards

Redpath

Saint Paul, Minnesota (September 5, 2023) - The M&A Advisor announced the finalists of the 22nd Annual M&A Advisor Awards. Redpath and Company (Redpath)/Acquisition of E.A. Quinn Landscape Contracting by Northern Lakes Capital, LLC was named a finalist for the M&A Deal of the Year (deals between $25MM - $50MM). The awards will be presented and winners revealed at a Black-Tie Awards Gala during the 2023 Future of Dealmaking Summit on November 14-15, 2023, in New York City.

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Exit Strategies Group Advises California Caster in Strategic Sale

Exit Strategy

California Caster, a respected and long-established industrial hardware design and distribution company located in Oakland, CA, was recently acquired by OneMonroe, an international industrial hardware manufacturing and distribution company. Exit Strategies Group, Inc. advised the seller in the transaction. Terms of the transaction are confidential.

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Five Reasons to Conduct a Shareholder Survey

Auto Dealer Valuation Insights

In this video, Atticus Frank breaks down the top five reasons why your family business should consider conducting a shareholder survey. He emphasizes how these surveys can provide critical insights into shareholder perspectives, facilitate informed business decisions, and enhance communication among family members involved in the business. From uncovering deeply held views to promoting educated.

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REAG Plays Key Sourcing Role in MCM’s Majority Recapitalization of TechNH

Scott Mashuda

Cleveland, OH – REAG , a leading lower-middle market investment bank specializing in mergers and acquisitions, is proud to announce their support in the majority recapitalization of TechNH, Inc. (TechNH) connecting them with MCM Capital Partners (MCM). TechNH, headquartered in Merrimack, New Hampshire, boasts a longstanding and rich expertise in molding high performance resins to exacting complex, geometric specifications along with an extensive suite of vertically integrated and secondary value

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Strength in Numbers: The Resurgence of the Accounting Claim in Business Divorce Litigation

Farrel Fritz

At the beginning of last year, I wrote a eulogy for the equitable accounting cause of action in business disputes: But What of the Equitable Accounting? The gist was that perhaps due to its potential potency, and certainly due in part to litigants’ frequent confusion of the accounting claim with a discovery demand, courts were increasingly enforcing various roadblocks to a claim for an accounting in the business context.

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Compensation-related tax risks when cashing out employee shareholders

LaPorte

(authored by RSM US LLP) The sale of stock at a price in excess of a 409A valuation can create risk that the shareholder must treat a portion of the sale proceeds as compensation, subject to higher tax rates, and that the company is subject to payroll tax withholding on that portion. The post Compensation-related tax risks when cashing out employee shareholders first appeared on LaPorte.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

ASA completed its popular Summer Appraisal Camp this past August 1-24. The accelerated, intensive four-week virtual education program is designed to give participants the foundational skills needed to work toward becoming a professional appraiser of personal property. Completion of this rigorous program satisfies the educational requirements of ASA’s accreditation process.

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IRS releases guidance on Roth catch-up contributions under SECURE 2.0

LaPorte

(authored by RSM US LLP) Notice 2023-62 provides an administrative transition period for Roth catch-up contributions to high-income individuals. The post IRS releases guidance on Roth catch-up contributions under SECURE 2.0 first appeared on LaPorte.

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Comment on What Are They Lobbying For? by Baggins

Appraisers Blog

I’m still sharing these articles out there today you know. The rise of the non profits. They’re destroying a lot of industries, not just appraisal.

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Distressed Deals: Transactional Risk Insurance

John Jenkins

A recent Willis Towers Watson blog says that both debtors and potential buyers of distressed assets should consider using R&W insurance and the other transactional insurance solutions which have become staples of private M&A deals in other contexts as an alternative to traditional risk allocation for their transactions.

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Can Sequoia get its spark back?

Financial Times M&A

Plus, CVC bets on infrastructure and Arm’s target IPO valuation faces sceptical investors

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The “Great Disconnect between InfoSec and the Business”

Norman Marks

A new piece from AuditBoard, Scaling ITRM: The Promise and Challenges of Risk Quantification, has a lot to recommend it. They talk (correctly) about the Great Disconnect between CISOs and the executive suite. Their failure to understand each other leads to what cyber practitioners see as underfunding cybersecurity. However, I believe their solution is wrong.

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Caledonia/7IM: wealth manager stake sale highlights trust’s yawning discount

Financial Times M&A

Deal premium should reassure investors in Cayzer family’s investment vehicle

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Morrison & Foerster Discusses Proposed Revisions to Capital Framework for Large Banking Organizations

Reynolds Holding

On July 27, the three federal banking agencies (the Agencies) [1] jointly proposed changes to the regulatory capital framework applicable to large banks and bank holding companies (the Proposal). The Proposal is the U.S. adaptation of the 2017 revisions to the Basel III capital regime promulgated by the Basel Committee on Banking Supervision. The 2017 revisions are commonly referred to as the Basel III Endgame.

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Buyer of Trump’s Truth Social Gets More Time to Complete Merger

NYT M&A

Shareholders in a shell company that has been trying for nearly two years to merge with former President Donald Trump’s media company approved a 12-month extension to complete the deal.

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Will the Common Good Guys Come to the Shootout in SEC v. Jarkesy? And Why It Matters

Reynolds Holding

During my recent visit to Columbia Law School, Professor John Coffee shared with me a draft of a short article that later appeared in the New York Law Journal. [1] Coffee’s article assessed the prospects in the U.S. Supreme Court next term of Securities and Exchange Commission v. Jarkesy , [2] a case which raises an important challenge to the power of administrative law judges (ALJs).

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