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IVSC Perspectives Paper: Inspection of Tangible Assets

IVSC

IVSC has issued a new Perspectives Paper focusing on the inspection of tangible assets in the valuation process. This paper, authored by the IVSC Tangible Assets Board, explores the topic of valuation inspections and considers the benefits and challenges associated with various types of inspections, including traditional physical inspections and technology-based virtual assessments.

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Diversity, Equity, and Inclusion in the 2024 Proxy Season: A New Era of Scrutiny

Harvard Corporate Governance

Posted by Merel Spierings, The Conference Board, on Thursday, June 13, 2024 Editor's Note: Merel Spierings is a Senior Researcher at The Conference Board. This post was authored by Ms. Spierings and is based on voting data published by The Conference Board and ESGAUGE in collaboration with Russell Reynolds Associates and The Rutgers Center for Corporate Law and Governance.

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Key priorities for an “early days” GenAI strategy

Harvard Corporate Governance

Posted by Barbara Berlin, PricewaterhouseCoopers LLC, on Tuesday, June 11, 2024 Editor's Note: Barbara Berlin is Managing Director at the PricewaterhouseCoopers (PwC) Governance Insights Center. This post is based on her PwC memorandum. We are in what might be termed the early days of generative AI (GenAI). It was only in November 2022 that the consumer release of ChatGPT captured the world’s imagination.

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Paramount’s Deal With Skydance Falls Apart

NYT M&A

There were several hitches in the last week as Skydance, Paramount and its parent company, National Amusements, reached the final stages of negotiations.

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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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Enhancing customer experience in an evolving mobility ecosystem

Mckinsey and Company

Toyota Insurance President and COO Robert Spencer shares his views on how OEMs and insurers can partner to enhance customer experience as the mobility ecosystem evolves.

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What's Going On With Banking Giant HSBC Stock Today?

Benzinga

HSBC Holdings plc (NYSE: HSBC ) shares are trading lower today. HSBC Bank (China) Company Limited finalized the acquisition of Citigroup Inc’s (NYSE: C ) retail wealth management portfolio in mainland China. HSBC has also transitioned over 300 employees as a part of this integration. This deal shows HSBC’s ongoing improvement in wealth services in China and Asia.

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Call to Action: ISSB Global Adoption

Harvard Corporate Governance

Posted by Elisa Cencig, Wilhelm Mohn, and Carine Smith Ihenacho, NBIM, on Monday, June 10, 2024 Editor's Note: Elisa Cencig is Head of Policy Engagement, Wilhelm Mohn is Global Head of Active Ownership, and Carine Smith Ihenacho is Chief Governance and Compliance Officer at Norges Bank Investment Management (NBIM). This post is based on a statement endorsed by NBIM and other organizations.

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As Feds Stalk Anticompetitive Mergers, What Can Competitors Do?

Mogin Rubin M&A

Continuing to make good on President Biden’s pledge to root out and challenge anticompetitive mergers, the Antitrust Division of the Justice Department and the Federal Trade Commission have asked the public to join the hunt. On May 23, the agencies publicly asked companies for information they may have on any serial acquisitions and “roll-up strategies” being undertaken across the U.S. economy.

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What is the future of travel?

Mckinsey and Company

Travel is roaring back after the COVID-19 pandemic nearly decimated the industry. Here’s what you should know about the journey ahead.

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Bullish Sentiment Soars For Robinhood As Stock Rises With Bitstamp Acquisition

Benzinga

Robinhood Markets Inc (NASDAQ: HOOD ) closed at $22.97 on Thursday, recording a 6.49% gain. On Friday, the stock was up 3.35% by 6 a.m. ET in pre-market trading. Robinhood’s rally comes on the heels of the company’s acquisition of cryptocurrency exchange Bitstamp Ltd. for $200 million. The all-cash deal is expected to close in the first half of 2025.

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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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Goldman Sachs Now In Riyadh

Global Finance

Goldman Sachs became the first Wall Street bank to comply with Saudi Arabia’s Regional Headquarters (RHQ) program and secure a license to establish its Middle Eastern base in Riyadh. The kingdom’s new rules, which took effect on January 1, 2024, require companies to maintain a regional headquarters in Saudi Arabia with at least 15 employees, including high-ranking C-suite executives overseeing operations in other countries.

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Ventilator Co. Vyaire Hits Ch. 11 As COVID Demand Wanes

Law 360 M&A

Vyaire Medical Inc., a company that makes breathing ventilators and other respiratory treatment and diagnosis products, filed for Chapter 11 protection in Delaware after demand for its products waned following the COVID-19 pandemic.

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State of the Consumer 2024: What’s now and what’s next

Mckinsey and Company

Amid massive shifts in the consumer landscape, companies can’t afford to rely on yesterday’s consumer insights. Here are nine trends that merit close attention.

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Noble Corporation To Acquire Diamond Offshore Drilling In $15.52/Share Deal; Enhances Dividend Payouts By 25%

Benzinga

Diamond Offshore Drilling, Inc. (NYSE: DO ) shares are trading higher after the company disclosed that it signed a definitive agreement to be acquired by Noble Corporation plc (NYSE: NE ) in a stock-plus-cash transaction. The implied cash and stock consideration for Diamond shareholders is $15.52 per share, reflecting an 11.4% premium over Diamond’s closing share price on June 7, 2024.

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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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Comment on CFPB Crackdown: Unfair Practices Hurting Consumers by Denise

Appraisers Blog

If you want your blood to boil, read the public submission sent by Benjamin Nelson. Here is just a taste: “Thus, we continue to have existing appraisers that are using several reasons to justify their price increases because there is limited competition in their industry. The (sic) are, in effect, a small pool of appraisals with cartel-like powers to increase prices due to limited competition.” Appraisers should flood the CFPB with public comments to silence these types of ignorant a

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ExxonMobil’s Lawsuit Against its Shareholders: A Cautionary Tale

Harvard Corporate Governance

Posted by Timothy Smith, ICCR, on Wednesday, June 12, 2024 Editor's Note: Timothy Smith is Senior Policy Advisor at the Interfaith Center on Corporate Responsibility (ICCR). On January 21, ExxonMobil filed a case in the Fifth Circuit Court in Dallas, Texas suing two shareholders, Arjuna Capital and Netherlands-based FollowThis, who had dared to file a proposal requesting that the company do more to reduce its greenhouse gas (GHG) emissions to help counter the growing climate crisis.

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Live Nation May Shake It Off In A Long Game With The DOJ

Law 360 M&A

Don't expect a swift resolution in the U.S. Department of Justice's case against Live Nation, but a long litigation, with the company likely to represent itself as the creator of a competitive ecosystem, and the government faced with explaining how the ticketing giant formed under its watch, say Thomas Kliebhan and Taylor Hixon at GRSM50.

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Tech services and generative AI: Plotting the necessary reinvention

Mckinsey and Company

The rapid emergence of generative AI has the potential to disrupt a dynamic the sector has relied on for decades, but it also offers an opportunity to tap a lucrative new market.

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CBS. MTV. How Will Paramount’s Shari Redstone Rule On Our Cultural Future?

NYT M&A

Shari Redstone will decide the fate of Paramount and the future of some of America’s most recognized cultural icons.

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Does the Moelis Decision Warrant a Quick Legislative Fix?

Reynolds Holding

On February 23, 2024, the Delaware Court of Chancery issued its decision in West Palm Beach Firefighters’ Pension Fund v. Moelis & Company , which invalidated a stockholder agreement between Moelis & Company (the “Company”) and its founder and controlling shareholder, Ken Moelis. [1] The decision generated immediate criticism from members of the Delaware bar, who described it as having “shaken up the existing state of the governance and management of Delaware corporations.” [2] In short,

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Did Tesla Directors Take a Big Accounting Bet without any Independent Accounting Advice?

Harvard Corporate Governance

Posted by Lucian Bebchuk (Harvard Law School) and Robert Jackson (NYU School of Law), on Tuesday, June 11, 2024 Editor's Note: Lucian Bebchuk is the James Barr Ames Professor of Law, Economics, and Finance, and Director of the Program on Corporate Governance, at Harvard Law School. Robert Jackson is a professor of law at NYU School of Law who served as a Commissioner of the U.S.

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Buy the right business with our Business Buying Funnel [infographic]

JPAbusiness

When assessing different business acquisition opportunities, I tell business buying clients to imagine the process as a funnel. At the top, the funnel is wide and it has a screen ‘sifting against your requirements’. This is where you look broadly at businesses that might suit you, based on your specific requirements such as: geography size and turnover earnings price product or service customer base, etc.

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Digital transformation: Health systems’ investment priorities

Mckinsey and Company

Health system executives globally view digital and AI transformation as crucial to overcome many challenges, a new survey reveals, yet 75 percent say their investments may be falling short.

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Sony Pictures Acquires Alamo Drafthouse in Lifeline to Cinema Chain

NYT M&A

The deal is the first time in half a century that a traditional Hollywood studio will own a movie theater chain.

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Redpath and Company Hires Andrew Kizer to Lead Lender Services

Redpath

Saint Paul, Minnesota (June 11, 2024 ) - Redpath and Company (Redpath) has hired Andrew Kizer as Managing Director to lead the Lender Services practice area. He will be tasked with helping lenders minimize their risk profile by providing objective collateral evaluations, field exams, and assurance services.

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Letter in Opposition to the Proposed Amendment to the DGCL

Harvard Corporate Governance

Posted by Sarath Sanga (Yale Law School), Gabriel Rauterberg (Michigan Law School), and Eric Talley (Columbia Law School), on Friday, June 7, 2024 Editor's Note: Sarath Sanga is a Professor of Law and Co-Director of the Center for the Study of Corporate Law at Yale Law School, Gabriel Rauterberg is a Professor of Law at the University of Michigan Law School, and Eric Talley is the Isidor and Seville Sulzbacher Professor of Law at Columbia Law School.

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Comment on CFPB Crackdown: Unfair Practices Hurting Consumers by Denise

Appraisers Blog

It is crucial for appraisers to act & provide the Bureau/CFPB with as much information as possible regarding the unethical practices of AMCs.

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Gen AI: A cognitive industrial revolution

Mckinsey and Company

Silicon Valley pioneer Reid Hoffman explains why we should view generative AI as a “steam engine of the mind” that promises to profoundly alter our professional and personal lives.

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Nonprofits Beware: Protect Tax-Exempt Status During Election Year

Gross Mendelsohn

Many nonprofit organizations have a vested interest in political issues and their outcomes. But it’s important that nonprofit organizations, board members and leaders clearly understand how their campaign-related activities could attract unwelcome IRS scrutiny.

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Private equity groups poised to own one in three top US accounting firms

Financial Times M&A

A wave of talks with financial bidders comes as regulators voice concern about audit quality and ‘tone’

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Current Trends in Executive Compensation Based on the 2024 Proxy Season

Harvard Corporate Governance

Posted by Don Kokoskie, Ira Kay and Connie Lin, Pay Governance LLC, on Thursday, June 13, 2024 Editor's Note: Don Kokoskie is a Partner, Ira Kay is a Managing Partner, and Connie Lin is a Principal at Pay Governance LLC. Introduction Pay Governance LLC provides counsel and advice to the Board of Directors’ Compensation Committees of more than 450 prominent publicly-traded and private companies.

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Comment on CFPB Crackdown: Unfair Practices Hurting Consumers by Honest Appraiser

Appraisers Blog

It is crucial for appraisers to act & provide the Bureau/CFPB with as much information as possible regarding the unethical practices of AMCs.

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The case for doubling down on refinery reliability now

Mckinsey and Company

With unplanned refinery outages at an all-time high, reliability fundamentals remain critical to capturing market opportunities, while digital tools can unlock further impact.

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Innovation Beyond Technology: Q&A With J.P. Morgan Payments’ Lori Schwartz

Global Finance

Lori Schwartz, Global Head of Liquidity & Account Solutions and Digital & Design at J.P. Morgan Payments, discusses fostering innovation within the corporate treasury with Global Finance. GF : How has artificial intelligence affected your organization’s performance in the past year? Lori Schwartz : We are looking at ways to harness the power of such technology to simplify and make our internal processes more efficient.