Wed.Sep 13, 2023

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ESG Reporting for Private Companies

Harvard Corporate Governance

Posted by David A. Bell, Dan Dorosin, and Ron C. Llewellyn, Fenwick & West LLP, on Wednesday, September 13, 2023 Editor's Note: David A. Bell and Dan Dorosin are Partners, and Ron C. Llewellyn is a Counsel at Fenwick & West LLP. This post is based on their Fenwick 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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Average Growth Rate For Startups

Equidam

Editor’s note: This post was originally published in November 2016 and has been updated with latest data for accuracy in September 2023. Building a startup into a sustainable business requires multiple years of commitment. But how do founders see this roadmap? When do we expect the company to be generating revenues? How steep should the proverbial hockey stick be?

Start-ups 120
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Testimony of Chair Gary Gensler Before the U.S Senate Committee on Banking, Housing, and Urban Affairs

Harvard Corporate Governance

Posted by Gary Gensler, U.S. Securities and Exchange Commission, on Wednesday, September 13, 2023 Editor's Note: Gary Gensler is Chair of the U.S. Securities and Exchange Commission. This post is based on his recent testimony. The views expressed in this post are those of Chair Gensler, and do not necessarily reflect those of the Securities and Exchange Commission or its staff.

Banking 206
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Twitter chaos after Elon Musk takeover may have violated privacy order, DoJ alleges

The Guardian M&A

US Department of Justice questions compliance with FTC order on data security and privacy practices Elon Musk’s takeover of Twitter created a “chaotic environment” at the social media platform that may have violated a government order requiring an overhaul of its data security and privacy practices, according to a court filing. The US Department of Justice (DoJ) alleged in a legal filing on Tuesday that depositions from former employees at Twitter, now rebranded X , raised “serious questions” ab

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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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Gen AI in high gear: Mercedes-Benz leverages the power of ChatGPT

Mckinsey and Company

Philipp Skogstad, CEO of Mercedes-Benz R&D North America, shares the story of bringing generative AI to 900,000 beta testers and discusses the vision, impact, challenges, and path forward for generative AI applications in the automotive sector.

Beta 100
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Private equity plunges into US college sports with Learfield deal

Financial Times M&A

Fortress, Charlesbank and Clearlake take control of marketing group representing campus teams and athletes

Equity 111

More Trending

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How do consumers perceive in-car connectivity and digital services?

Mckinsey and Company

It’s a connected world—and a recent McKinsey survey suggests that digital solutions are increasingly important along the entire mobility value chain.

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Blackstone combines internal units as it sets sights on ‘next $1tn’

Financial Times M&A

Merging insurance and credit arms signals growth prospects lie away from private equity and property pursuits

Equity 105
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What is cultivated meat?

Mckinsey and Company

Cultivated meat is animal protein grown in a lab from animal cells.

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The Lex Newsletter: bankers get creative to overcome M&A fee drought

Financial Times M&A

With fewer companies being bought and sold, banks are seeking income by offering more specialist advice

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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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Panama’s ambitious 30x30 plan: Protecting its rich biodiversity

Mckinsey and Company

Milciades Concepción, Panama’s Minister of Environment, reflects on the country’s conservation program designed to safeguard its natural resources and drive a sustainable economy.

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Why grant options over existing shares?

Vested

What are the advantages of granting options over existing shares? And why do it? Check out our quick guide on options, shares and dilution to find out.

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Gearing up for mobility’s future with quantum computing

Mckinsey and Company

Quantum computing is advancing—and it could put the mobility revolution into higher gear.

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Valuing a Property Management Firm

Peak Business Valuation

Property management firms essentially take over the responsibilities of a property’s landlord. This includes rent collection, maintenance, security, trash removal, etc… As such, the main markets for the property management industry are residential and non-residential real estate owners. IBIS World notes that the property management industry performs well, generating over $22 billion dollars in revenue per year.

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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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Walmart: Testing what a “regenerative” company means in practice

Mckinsey and Company

Kathleen McLaughlin, executive vice president and chief sustainability officer for Walmart, describes how Walmart operates at the vital intersection where business, society, and a healthy planet meet.

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Do You Know How Much Your Dealership Is Worth?

Auto Dealer Valuation Insights

If you’ve never had your auto dealership valued, chances are that one day you will. The circumstances giving rise to this valuation might be voluntary (such as a planned buyout of a retiring partner) or involuntary (such as a death, divorce, or partner dispute). When events like these occur, the topic of your auto dealership’s valuation can quickly shift from an afterthought to something of great.

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Building Organizational Resilience: Demonstrating Audit’s Value in Times of Economic Recovery

Audit Board

Most organisations don’t realise how resilient they are until after a crisis has passed — which is why the road to recovery holds some of the best growth opportunities for organisations. Whether it be a wash-up meeting, detailed report, or chat by the water cooler with other departments, internal auditors must translate the lessons learnt in times of crisis to fortify their organisation’s resilience in the face of any future crises.

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How to Value an SME—An Introductory Guide

Valutico

How to Value an SME—An Introductory Guide Small and Medium-sized Enterprises (SMEs) are key players in driving economic growth, fostering innovation, and creating jobs. Recognized as firms with under 250 employees, their accurate valuation is highly important for many finance professionals. In this article, we’ll unravel how to value SMEs, including what you need to consider to do so accurately.

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DOJ’s Top Antitrust Official Turns Spotlight on Broadened Scope of Bank Merger Enforcement

Cooley M&A

In the wake of major bank failures in the US, the Department of Justice (DOJ) has signaled that it plans to step up antitrust enforcement of bank mergers. In June 2023, the DOJ’s Assistant Attorney General for Antitrust Jonathan Kanter delivered a speech at the Brookings Institution, providing listeners with insights into significant changes in the way the DOJ and bank regulators are reviewing proposed bank mergers.

Banking 52
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Why the Major Questions Doctrine Does Not Cover SEC Crypto Lawsuits

Reynolds Holding

In West Virginia v. EPA , the Supreme Court expanded the reach of the major questions doctrine (MQD) by reframing it as a substantive canon and clear-statement rule rooted in both the Constitution’s separation of powers and “a practical understanding of legislative intent.” The literature has missed two unanswered questions that will determine the extent of the doctrine’s domain.

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Private Equity: Private Fund Adviser Rules Challenged In Court

John Jenkins

In early September, six trade associations jointly filed a lawsuit in federal court challenging the validity of the SEC’s recently adopted Private Fund Adviser Rules. We’ve previously blogged about the content of the new rules and criticisms by two SEC Commissioners.

Equity 49
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AI-driven smart retail solutions in China: An interview with Cloudpick CEO Jeff Feng

Mckinsey and Company

Computer vision can boost earnings and cut costs, while enhancing the in-store experience.

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Healthcare Transactions: States Enact “Mini-HSR” Acts

John Jenkins

This Morgan Lewis alert highlights 10 states that now have enacted “mini-HSR” laws that require notifications to state agencies and waiting periods in healthcare transactions. The alert warns that these laws will increase costs, extend timelines and create deal risk for the industry.

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HeartCore Enterprises Announces Expansion of Sales and Marketing Teams

Benzinga

NEW YORK and TOKYO, Sept. 13, 2023 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (NASDAQ: HTCR ) ("HeartCore" or the "Company") , a leading enterprise software and consulting services company based in Tokyo, announced that it has hired the New York-based sales team of Sabatini Global ("Sabatini"). "The acquisition of this sales team is another accomplishment as our two-pronged growth strategy continues to manifest itself into full effect," said CEO Sumitaka Yamamoto.

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SoftBank’s go-to banker makes it Raine

Financial Times M&A

Plus, the fallout at BP and the latest drama to play out at ed-tech start-up Byju’s

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Distressed Debt Hedge Funds: How to Become a Vulture Capitalist

Brian DeChesare

Ask anyone interested in distressed debt hedge funds for “the pitch,” and they’ll probably mention one of the following: “It’s like long/short equity or credit , but more interesting!” “Distressed investing offers equity-like returns with lower risk.” “Distressed assets offer non-correlated returns, similar to global macro.” These are nice sales pitches, but the reality is quite different.

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Arnold & Porter Discusses New National Security-Based Restrictions on Corporate Activity

Reynolds Holding

Recently, the whole of the U.S. government has showcased its commitment to addressing the national security implications of certain corporate activities. On September 11, 2023, the U.S. Department of Justice (DOJ) tapped its first National Security Corporate Enforcement Chief. The previous week, the Congressional Research Service published two updated reports surveying the United States’ existing national security legal framework, in light of recent and anticipated expansion of U.S. national sec