Tue.Apr 12, 2022

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The Capitalist and the Activist

Harvard Corporate Governance

Posted by Tom C.W. Lin (Temple University), on Tuesday, April 12, 2022 Editor's Note: Tom C.W. Lin is the Feinberg Chair Professor of Law at Temple University Beasley School of Law. This post is based on his recent book. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance by Lucian A. Bebchuk and Roberto Tallarita (discussed on the Forum here ); Companies Should Maximize Shareholder Welfare Not Market Value by Oliver Hart and Luigi Z

Equity 233
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Lithium mining: How new production technologies could fuel the global EV revolution

Mckinsey and Company

Lithium is the driving force behind electric vehicles, but will supply keep pace with demand? New technologies and sources of supply can fill the gap.

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Russian Invasion of Ukraine: Potential Litigation Issues

Harvard Corporate Governance

Posted by Daniel Perry, Melanie Yanez, and Stephen Benz, Milbank, on Tuesday, April 12, 2022 Editor's Note: Daniel Perry is partner, Melanie Yanez is special counsel, and Stephen Benz is an associate at Milbank. This post is based on their Milbank memorandum. The Russian military’s invasion into Ukraine and the resulting economic sanctions imposed by various nations against certain Russian entities and individuals have, among other things, created volatility and uncertainty in the economic marke

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Understanding your restaurant’s chart of accounts

Henry Horne

A restaurant’s chart of accounts is the foundation for all financial recordkeeping. It’s a coded list of all of the assets, liabilities, income and expenses that flow in and out of your business. Have you ever looked at your P&L and wondered what made up each line item? Having a solid chart of accounts will … Keep Reading. The post Understanding your restaurant’s chart of accounts appeared first on Henry+Horne.

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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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SEC Proposes Cybersecurity Risk Management, Strategy, Governance and Incident Disclosure Rules

Harvard Corporate Governance

Posted by Nicholas Goldin, Karen Hsu Kelley and Shanice Hinckson, Simpson Thacher & Bartlett LLP, on Tuesday, April 12, 2022 Editor's Note: Nicholas Goldin and Karen Hsu Kelley are partners and Shanice Hinckson is an associate at Simpson Thacher & Bartlett LLP. This post is based on their Simpson Thacher memorandum. On Wednesday, by 3-1 vote, the SEC approved proposed rules aimed at enhancing and standardizing disclosures made by public companies regarding cybersecurity risk management,

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The McKinsey Crossword: Thank You, Uncle Sam | No. 71

Mckinsey and Company

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

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A formula for transformation success: A conversation with Jon Garcia

Mckinsey and Company

Organizations can learn from a three-part equation on the critical factors for a successful transformation.

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Ignore the metaverse. The real value in gaming is intellectual property

Financial Times M&A

Sony and Microsoft say recent deals will help create virtual worlds but the immediate prize is having the best games portfolio

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Turn your vision into value with Microsoft Power Platform

Avanade

Find out how a low-code app on Microsoft Power Platform can free up employees to focus on value-added work.

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The US investment giant ditching Deutsche Bank

Financial Times M&A

Plus, Michael Rubin’s sports merchandise empire enters a new era of M&A and Wall Street’s immortal CEO gets another boost

Banking 98
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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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Buffett Resisted Goldman Fee for $11.6B Alleghany Acquisition: Reuters

Benzinga

According to a recent regulatory filing , Warren Buffett needed just two weeks to put together Berkshire Hathaway Inc's (NYSE: BRK-B ) $11.6 billion takeover of Alleghany Corporation (NYSE: Y ), the insurer's largest acquisition in six years, despite his refusal to pay the insurer's banking charge, reports Reuters. Alleghany's Chief Executive Officer Joseph Brandon met with Buffett for dinner in New York City on March 7.

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7 Red Flags that Scare Financial Institution Partners Away from Fintechs

N Contracts

The only thing worse than getting in trouble for making a mistake is getting in trouble when somebody else makes a mistake. That’s the situation financial institutions face when a fintech acting on its behalf doesn’t comply with laws and regulations.

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Numinus to Acquire Novamind For $20.74M In Stock

Benzinga

Numinus Wellness Inc. (TSX:NUMI)(OTCQX: NUMIF ) and Novamind Inc. (CSE:NM)(OTCQB: NVMDF )(FSE:HN2) have entered into a definitive arrangement agreement pursuant to which Numinus will acquire all of the issued and outstanding common shares of Novamind in an all-share transaction, by way of a court-approved plan of arrangement, for total consideration of approximately C A $26.2 million ($20.74 million) on a fully diluted in-the-money basis.

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In conversation: The CFO’s critical role in innovation

Mckinsey and Company

By embracing discipline and well-defined processes, innovation teams can make finance leaders their biggest allies.

Finance 90
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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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Celebrities backed by private equity to build consumer and tech brands

Financial Times M&A

Fund group Azimut joins Hollywood investors seeking to find deals through the famous

Equity 75
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Ukraine Crisis: Impact on Rep & Warranty Insurance

John Jenkins

This Woodruff Sawyer blog discusses how the RWI industry is responding to Russia’s invasion of Ukraine. The blog says that if your deal is in the underwriting process, you should expect to be asked several questions concerning business activities in Ukraine or Russia.

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The greatest risk and the greatest asset

Norman Marks

I am, of course, talking about people. X If you look at the root cause of almost every failure or missed opportunity, it comes down to people. Yet, we don’t pay nearly enough attention to whether we have the right people in the right jobs. You could add to that ‘the right information and authority’, […].

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Is Redemption a Four-Letter Word?

Auto Dealer Valuation Insights

As recently noted in the Wall Street Journal, large public companies are announcing share repurchase programs at a record pace. And, yes, the article includes the usual hand wringing about whether buybacks are “good.” We tend to think that – for public companies – share repurchases are neither good nor bad in themselves. Individual share repurchases may, of course, be ill-advised if, for example.

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3 Tips For Your Value Creation Journey

Quantive

Have you begun your value creation journey?

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The 6 Steps To Get An SBA Startup Loan

Gergory Caruso

. The United States Small Business Administration—or SBA—loans are primarily for new businesses to get off the ground. The amounts you can receive vary by loan program but some range up to $5 million! Funds also may be more accessible to some borrowers who struggle to qualify for other business financing methods. However, most new business owners say that applying for an SBA loan can feel daunting because of the eligibility requirements and application procedures imposed by individual SBA lende

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Session 4: Retaining Top Talent: Keys to an Effective Employee Incentive Plan

Quantive

[av_textblock size=” font_color=” color=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” av_uid=’av-3xpi21′ custom_class=” admin_preview_bg=”] Session 4: Retaining Top Talent: Keys to an Effective Employee Incentive Plan Session IV of Smart M&A Growth Strategies spotlights experiences and lessons learned from the real-world success story of IMPAQ International, LLC, global policy research, analytics, and implementati

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FCF Bank Monitor – Q1 2022 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Bank Monitor – Q1 2022”. FCF regularly engages in research on the banking sector based on available data from the most active and. Read more. The post FCF Bank Monitor – Q1 2022 published appeared first on FCF Fox Corporate Finance GmbH.

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Why do I need my ID to file taxes

Henry Horne

When you filed your taxes this year were you asked to provide ID? How could your tax return and your driver’s license possibly be connected? Well, several states have added a request or a requirement for a driver’s license number (or other state identification number) to be entered into the tax software system for the … Keep Reading. The post Why do I need my ID to file taxes appeared first on Henry+Horne.

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Jersey private placements continue to grow as alternative AIFMD passport

Private Funds CFO

More non-EU alternative investment fund managers are choosing Jersey private placements rather than access EU investors via AIFMD passports.

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First single audit?

Henry Horne

Is this your first single audit? Did the American Rescue Plan funding push you over the threshold to require a single audit? You might be in luck! The Governmental Audit Quality Center (GAQC) recently sent out guidance regarding smaller entities receiving federal funds for the first time. Federal agencies realize the burden that the additional … Keep Reading.

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Jersey private placements on the rise

Private Funds CFO

Jersey private placements continue to grow as alternative AIFMD passport.

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It’s finally here – Topic 842 Leases Part 1

Henry Horne

In February 2016, the Financial Accounting Standards Board (“FASB”) issued its highly anticipated leasing standard (Topic 842) in Accounting Standards Update (“ASU”) 2016-02. Private companies and not-for-profit organizations must adopt the new lease accounting standard for fiscal years beginning after December 15, 2021. Don’t miss: The end of LIBOR interest rates The purpose for this … Keep Reading.

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The 6 Steps To Get An SBA Startup Loan

Gergory Caruso

. The United States Small Business Administration—or SBA—loans are primarily for new businesses to get off the ground. The amounts you can receive vary by loan program but some range up to $5 million! Funds also may be more accessible to some borrowers who struggle to qualify for other business financing methods. However, most new business owners say that applying for an SBA loan can feel daunting because of the eligibility requirements and application procedures imposed by individual SBA lende

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Manufacturers: Get on the Cutting Edge of Inventory Control

Concannon Miller

It's rare a manufacturer who doesn't want to improve profits and boost cash flow by reducing the carrying cost of inventory. Here are two cutting-edge ways to help you manage inventory more efficiently.

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Bally's Acquires 9% Stake In Snipp Interactive

Benzinga

Bally's Corp (NYSE: BALY ) subsidiary has signed an agreement to invest $5 million in Snipp Interactive Inc (OTC: SNIPF ). As part of the investment, Bally's will be entitled to nominate. Full story available on Benzinga.com.

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Latham Adds 2nd Willkie Atty To Growing PE Practice

Law 360 M&A

For the second time this year, Latham & Watkins LLP has added a Willkie Farr & Gallagher LLP attorney for its private equity and mergers and acquisitions practices in Houston, the firm announced Monday.

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KKR To Acquire Cybersecurity Firm From Thoma Bravo For Undisclosed Sum

Benzinga

KKR & Co Inc (NYSE: KKR ) has agreed to acquire cybersecurity company Barracuda Networks Inc from Thoma Bravo. The deal terms were not disclosed, but Bloomberg reports that. Full story available on Benzinga.com.

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Norton Rose Fulbright Adds D.C. Renewable Energy Tax Atty

Law 360 M&A

Norton Rose Fulbright has announced that it's brought on a new renewables tax partner for its Washington, D.C., office from Hunton Andrews Kurth.

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LBO finance: buyout groups push into lucrative private credit

Financial Times M&A

Banks no longer retain a monopoly on financing blockbuster leveraged buyouts

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