Harvard Corporate Governance

JUNE 16, 2023

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, June 16, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of June 9-15, 2023. Embracing Environmental Justice Initiatives to Advance Corporate Objectives Posted by Tatjana Vujic, Arie T. Feltman-Frank, and Daniel L. Robertson, Jenner & Block LLP, on Friday, June 9, 2023 Tags: Corporate culture , Disclosure , Environmental disclosure , environmental justice , in

Treasury 185

Treasury Marketability 185

ThomsonReuters

JUNE 16, 2023

Many of today’s accounting professionals have a new perspective on when and how they want to work. Are firms heeding the call? The onset of the COVID-19 pandemic forced countless businesses, including accounting firms, to go remote essentially overnight due to mandated shutdowns and stay-at-home orders. Now with the public health emergency officially over , the shift to more remote work has become the new normal.

Accounting Firms 111

Accounting Firms Finance Technology Marketability 111

Harvard Corporate Governance

JUNE 16, 2023

Posted by Sally Wagner Partin, Sharon Flanagan, and Hannah M. Brown, Sidley Austin LLP, on Friday, June 16, 2023 Editor's Note: Sally Wagner Partin and Sharon R. Flanagan are Partners and Hannah M. Brown is an Associate at Sidley Austin LLP. This post is based on their Sidley Austin memorandum. Related research from the Program on Corporate Governance includes Are M&A Contract Clauses Value Relevant to Target and Bidder Shareholders?

Equity 153

Equity Marketability 153

ThomsonReuters

JUNE 16, 2023

Artificial intelligence (AI) has proven that it is a far cry from just a buzzword. Over the years, AI in accounting has increasingly gained traction and, going forward, it will continue to transform the tax and accounting profession. Is your firm ready? Like many industries, the accounting profession is exploring how AI can improve efficiencies and help strained firms better serve clients.

Technology 110

Technology Start-ups Compliance 110

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.

Marketability

Mckinsey and Company

JUNE 16, 2023

The energy and materials transition is stoking demand for critical metals needed in the net-zero supply chain. Regulatory and public policy uncertainty could put the transition at risk.

103

103

ThomsonReuters

JUNE 16, 2023

Is your firm running its gears on outdated accounting technology? That is a question many accounting firms should consider as they look to remain competitive, better serve clients, and expand bandwidth in today’s challenging environment. Advancements in technology continue to have a significant impact on how accounting professionals work and serve their clients.

Technology 98

Technology Start-ups Accounting Firms Compliance 98

ThomsonReuters

JUNE 16, 2023

The accounting profession is in the midst of a transformation, and firms must ensure they are upskilling their accountants to remain competitive and keep pace. While the profession is no stranger to change, the COVID-19 pandemic shifted that change into higher gear, driving home the need to meet rising client demands and shifts in employee wants and expectations.

Data Analysis 98

Data Analysis Technology Accounting Firms Firm Value 98

NYT M&A

JUNE 16, 2023

The Brooklyn-based ice cream chain boomed with the help of Oprah and Disney, then went bust. But the couple behind it are opening new shops and thinking small.

Mergers & Acquisitions 98

Mergers & Acquisitions 98

ThomsonReuters

JUNE 16, 2023

Many of today’s tax and accounting practices are struggling with strained firm capabilities. Is your firm among them? Rising client expectations , an ever-changing regulatory environment , and the ongoing war on talent have left many of today’s firms grappling with strained bandwidth. In fact, a 2022 survey by the Virginia Society of CPAs (VSCPA) found that the greatest challenges facing firms are being overworked and understaffed.

Accounting Firms 98

Accounting Firms Technology Marketability 98

Mckinsey and Company

JUNE 16, 2023

A gradually evolving industry now faces nonlinear competition and technological shifts. Here are two key scenarios for the future.

Technology 101

Technology 101

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

Corporate Finance

ThomsonReuters

JUNE 16, 2023

The Enron scandal. The Worldcom scandal. When one thinks of accounting fraud, it is likely that these are some of the cases that come to mind. However, most cases of accounting fraud will not make news headlines and can happen in companies of all sizes and industries. Do you know how to spot it? How widespread is corporate fraud? A study on the pervasiveness of corporate fraud estimates that in an average year, 41 percent of companies are committing accounting violations, which are less seve

Banking 93

Banking Finance 93

Law 360 M&A

JUNE 16, 2023

Last week in Chancery Court, an aircraft suit crashed, a football suit sailed out of bounds, and shareholders made up with a cosmetics company. The Chancery also registered new cases involving used cars and self-driving trucks. In case you missed it, here's a recap of all the top news out of Delaware's Chancery Court.

75

75

Mckinsey and Company

JUNE 16, 2023

John Horn breaks down the difficulties companies have in assessing competitors, the future of competitive insights, and their relevance in today’s world.

79

79

Law 360 M&A

JUNE 16, 2023

The past week in London has seen former Everton FC manager Carlo Ancelotti hand the Premier League club a red card in a commercial contracts claim, law firms Pinsent Masons and McGrigors hit with a pensions lawsuit from 14 vehicle sale and rental companies, and Dana Petroleum fire up a claim against Waldorf Energy over its acquisition from Korean National Oil Corp.

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75

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.

Marketability

Mckinsey and Company

JUNE 16, 2023

The president of Building Bridges Across the River talks about the equity challenges his organization works to address in the nation’s capital and the importance of giving community voices a platform.

Equity 71

Equity 71

Law 360 M&A

JUNE 16, 2023

A California federal judge has slimmed down a security services company's suit claiming a rival company was unfairly trying to compete, narrowing a trademark claim and copyright claim.

74

74

NYT M&A

JUNE 16, 2023

Although the tour’s deal with the Saudi wealth fund has not closed, the request to a federal judge was a milestone in golf’s surprise détente.

Mergers & Acquisitions 71

Mergers & Acquisitions 71

Law 360 M&A

JUNE 16, 2023

More than a dozen stockholders of mobile software and blockchain company Phunware Inc. who sued over a disputed, six-month trading block on their newly public shares saw much of their case kept alive Friday by a Delaware vice chancellor.

73

73

NYT M&A

JUNE 16, 2023

Jordan, the former star of the Chicago Bulls, purchased the team in 2010.

Mergers & Acquisitions 98

Mergers & Acquisitions Equity 98

Appraisers Blog

JUNE 16, 2023

In reply to Baggins. Baggs, Almost the entirety of my thinking these days is colored by the many appraisal complaints I read from states all over America. While I think of FNMA as an actual criminal organization that simply hasn’t been caught yet (or should I say recently, again?) they do influence a lot of lenders and appraisers. Often incorrectly.

Appraisal 61

Appraisal 61

Financial Times M&A

JUNE 16, 2023

Broadcaster in talks to buy All3Media, which would shift the balance of its business towards the production side

73

73

Appraisers Blog

JUNE 16, 2023

Brianne, You seem to be doing everything right if your main source of information is other real estate agents and maybe buyer feedback. That said tell us all how you quantify that to a $/sf adjustment or a site adjustment, etc. My point being these two things (qualitative/quantitative) do not have to be mutually exclusive but one requires a little of the other in the reconciliation.

60

60

Peak Business Valuation

JUNE 16, 2023

Within the United States, there are more than 141,000 primary care doctors and physician practices. The annual growth in this industry is expected to increase over the coming years. As such, it is always a great time to buy or sell a medical practice. When a business appraiser is valuing a medical practice or primary care doctor’s office, they will analyze many things.

Business Valuation 52

Business Valuation EBITDA Fair Market Value Appraisal 52

Appraisers Blog

JUNE 16, 2023

In reply to don. Interesting Don. Pools are an animal to themselves, often difficult to explain to people on account of their personal fears or personal attachments to the pool. Their costs may not have alignment with market value. In Colorado pools used to be much more popular, lately I rarely see them, most were over time dismantled and removed. All it takes is one season of poor attention, one extreme temp swing, costs nearly as much as installing a new one, just to fix them.

Marketability 60

Marketability 60

Auto Dealer Valuation Insights

JUNE 16, 2023

In this week’s post, we feature an entry from our Family Business Director blog that recaps the recent Berkshire Hathaway Shareholder Meeting. While the content is not targeted directly to energy industry participants, it is timeless for all of us. We hope you enjoy! Can you guess who said the following? “[M]y long-time partner, and I have the job of managing the savings of a great number of.

52

52

Appraisers Blog

JUNE 16, 2023

Related. Better Mortgage is finally no more. Now moving to a London based acquisition company. They were paying the VA rates and using full service appraisal traditional ordering direct methods. However, they were also dealing with innovative approaches that were not tried and true on their creative financing and purchasing assistance side. They had this program where better actually bought the property for buyers, and then after closing would then extend financing to buyers, so the buyers could

Appraisal 55

Appraisal Finance 55

Auto Dealer Valuation Insights

JUNE 16, 2023

There’s been a great deal of interest in RIA acquisitions in recent years from a diverse group of buyers ranging from consolidators, other RIAs, banks, diversified financial services companies, and private equity. These acquirers have been drawn to RIA acquisitions due to the high margins, recurring revenue, low capital needs, and sticky client bases that RIAs often offer.

Banking 52

Banking Equity 52

Appraisers Blog

JUNE 16, 2023

In reply to Julie Friess. The Federal Reserve. One hundred and ten years of not being federal, and not having any reserves. A private corporation whom creates money out of thin air, backed by nothing. Placing an entire country in a usury debt based currency system. The last jubilee was a mere decade ago, rolling around again soon. You and I will not be the beneficiaries.

54

54

Law 360 M&A

JUNE 16, 2023

Activist investor Eminence Capital LP on Friday denounced gaming company Entain PLC's recent proposed acquisition of Polish competitor STS Holding, saying in a letter to Entain's board of directors that its approach to purchasing the betting platform is "perplexing on many levels.

52

52

Benzinga

JUNE 16, 2023

BMO Capital Markets analyst Ketan Mamtora raised the price target of Beacon Roofing Supply Inc (NASDAQ: BECN ) to $90 from $75, maintaining an Outperform rating. The analyst has confidence in BECN's medium-term growth, margin expansion initiatives, and capability to cruise through tough economic conditions. Management noted that new housing demand (20% of overall roofing demand) is improving better than expected at the start of 2023.

Marketability 52

Marketability Equity 52

Peak Business Valuation

JUNE 16, 2023

When it comes to purchasing , selling, or financing a business involving vehicle equipment, obtaining a vehicle equipment appraisal is essential. We at Peak Business Valuation are a reputable provider of such appraisals. We offer a comprehensive evaluation that ensures accuracy in determining the value of your assets. In this article, we explore how we conduct vehicle equipment appraisals, enabling you to make well-informed decisions for your business and ensuring the precision of your equipment

Appraisal 52

Appraisal Business Valuation Fair Market Value Marketability 52

Benzinga

JUNE 16, 2023

Offshore wind turbine and foundation installation companies Eneti Inc (NYSE: NETI ) and Cadeler A/S said they have entered into a business combination agreement to combine through a stock-for-stock exchange. The exchange offer is to be made to all stockholders of Eneti based on an exchange ratio of 3.409 Cadeler shares for each Eneti share. Based on Cadeler's share price on June 15, 2023, the proposed combination would value each.

Equity 52

Equity Marketability 52

Benchmark Report

JUNE 16, 2023

When selling a business, most owners focus on the bottom line, typically represented by EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). However, while EBITDA is an essential metric for valuing a business, it is not the only one that matters. There are other factors that potential buyers consider when evaluating a business, and as a seller, it is crucial to understand these factors to get the best possible value for your company.

EBITDA 52

EBITDA 52

Benzinga

JUNE 16, 2023

TPCO Holding Corp. (OTCQX: GRAMF ) (NEO:GRAM) announced that holders of common shares of the c ompany voted in in favor of a special resolution to approve the proposed business combination with Gold Flora LLC , at the company's annual general and special meeting held on June 15, 2023. The special resolution required approval by at least two-thirds of the votes cast at the meeting by TPCO shareholders.

Marketability 52

Marketability 52