Fri.Jan 13, 2023

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Investment Stewardship Global Principles 2023

Harvard Corporate Governance

Posted by Sandy Boss, John McKinley and Michelle Edkins, BlackRock, Inc., on Friday, January 13, 2023 Editor's Note: Sandy Boss is Global Head of Investment Stewardship, John McKinley and Michelle Edkins are Managing Directors at BlackRock, Inc. This post is based on their BlackRock memorandum. Introduction to BlackRock. BlackRock’s purpose is to help more and more people experience financial well-being.

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Diversity, Equity and Inclusion Lighthouses 2023

Mckinsey and Company

Leaders need clarity on what works to improve diversity, equity, and inclusion. Our 2023 report shows success factors that contributed to significant, quantifiable, scalable, and sustainable DEI impact.

Equity 133
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Weekly Roundup: January 6-12, 2023

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, January 13, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of January 6-12, 2023. 2023 Annual Letter to Boards. Posted by Pamela Marcogliese, Freshfields Bruckhaus Deringer LLP, on Friday, January 6, 2023. Tags: Activism , Corporate governance , Executive Compensation , Fiduciary duties , M&A , Privacy , Risk oversight.

Banking 189
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Financing the net-zero transition: From planning to practice

Mckinsey and Company

Financial institutions will play a leading role in the transition to a net-zero economy. To maximize the opportunity, they must make fundamental changes across portfolios and organizations.

Finance 123
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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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Atlas Global To Acquire Cannabis 'Trading House' And Two Pharmacies In Israel, Commences Trading On The CSE

Benzinga

Atlas Global Brands Inc. (CSE:ATL), (formerly Silver Phoenix Resources Inc.) announced that, through its Israeli subsidiary, signed a binding letter of intent at an arm’s length with no finder’s fee, on January 11, 2023, to acquire 51% of the outstanding securities of the following entities : An Israeli licensed cannabis “Trading House”, located in Tel Aviv.

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Expanding publicly funded pre-K: How to do it and do it well

Mckinsey and Company

High-quality early childhood education is one of the most cost-effective ways to close achievement gaps and break the cycle of poverty.

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The next chapter: Lighthouses shape the Fourth Industrial Revolution

Mckinsey and Company

The story of the Fourth Industrial Revolution is moving forward at speed, with members of the Global Lighthouse Network grasping the pen and writing a tale of the need for scale.

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New Leaf Ventures Acquires High Profile, Bolsters Management Team With Two New Hires Including Xebra's CEO

Benzinga

New Leaf Ventures Inc. (OTCPK:NLVVF) (CSE:NLV) has completed the acquisition of High Profile Holdings Corp. by way of a statutory three-cornered amalgamation. Jason Garnett, CEO and director of Xebra Brands (OTCQB: XBRAF ) and director of High Profile, will be joining New Leaf’s board of directors and initially acting as chief strategy officer.

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The continuing evolution of the Global Lighthouse Network

Mckinsey and Company

The growth of the Global Lighthouse Network showcases the opportunities for Fourth Industrial Revolution technologies to make a positive impact for people and the planet.

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WWE Retains Restructuring Specialists For Strategic Review

Benzinga

World Wrestling Entertainment Inc (NYSE: WWE ) has retained The Raine Group, LLC as financial advisor, Kirkland & Ellis LLP as legal advisor, and August LLC as strategic communications advisor to support its review of strategic options. The company’s shares skyrocketed recently on reports about a deal with Saudi Arabia’s Public Investment Fund, Full story available on Benzinga.com.

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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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Asia’s top CEOs embrace change with boldness and resilience

Mckinsey and Company

Asia’s top business leaders are navigating today’s shocks with bold moves and a determination toward building sustainable and inclusive growth.

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Bed Bath & Beyond in Talks to Sell Assets

NYT M&A

The beleaguered retailer, which has warned of a possible bankruptcy, is said to be in discussions with suitors about selling pieces of its business, including its Buy Buy Baby stores.

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Why Are Fannie, Freddie Peddling Exotic Junk-Rated Risk Swaps?

Appraisers Blog

Meanwhile, cratering home prices are eroding demand for the junk-rated credit transfers. As mortgage giants Fannie and Freddie bend the knee to their political overlords, they securitize ever riskier loans. It’s a sign of the times. But while no one was looking, the twins – who wield the full faith and credit of the U.S. government – began quietly offloading this surplus risk in the form of so-called “credit-risk transfers.

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Barry Diller Explores Sale of The Daily Beast

NYT M&A

The tech mogul’s company has hired Whisper Advisors, an advisory firm, to find potential buyers for the digital publication.

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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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Energy & Sustainability M&A Activity — January 2023

National Law Review M&A

Thomas R.

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Goldman Sachs’ Marcus Consumer Banking Move Turns Costly

NYT M&A

Goldman Sachs will take a big hit from its ill-fated move into consumer banking, even as its other businesses weaken amid an economic slowdown.

Banking 84
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Robbins Geller Gets $12.6M Fee In Grubhub Suit

Law 360 M&A

Robbins Geller Rudman & Dowd LLP attorneys can collect a $12.6 million fee for their work representing a class of Grubhub Inc. investors in a case alleging the takeout delivery company misrepresented its growth, a federal judge in Chicago has determined.

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Proposed FTC Rule Would Ban Noncompete Clauses in Employment Contracts

Mogin Rubin M&A

The Federal Trade Commission has proposed a rule that would ban most non-compete clauses in employment contracts, calling it “a widespread and often exploitative practice that suppresses wages, hampers innovation, and blocks entrepreneurs from starting new businesses.” The agency estimates that the rule could increase wages by nearly $300 billion per year and expand career opportunities for 30 million workers.

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6 Questions For Boutique Firms Considering Mergers

Law 360 M&A

To prepare for discussions with potential merger partners, boutique law firms should first consider the challenges they hope to address with a merger and the qualities they prioritize in possible partner firms, say Howard Cohl and Ron Nye at Major Lindsey.

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Recruitment and retention tips for startups in 2023

Vested

We’ve just made it through one of the toughest years for the economy on record, but what does 2023 have in store for us and how will it affect recruitment for startups and SMEs?

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Musk Says SEC Has 'Long History' Of Unconstitutional Deals

Law 360 M&A

Elon Musk on Thursday urged the Second Circuit to reject the U.S. Securities and Exchange Commission's position that he doesn't have a constitutional right to tweet about Tesla without the company's authorization, arguing that the SEC has a "long history of mandating constitutionally suspect concessions in settlements.

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Why You Might Want The Energy of Flowers in The Workplace

Financial Analyst Insider

Today, many people talk about the energy of flowers. Truly magical qualities are attributed to this miraculous power: it can calm, tune in a positive. The post Why You Might Want The Energy of Flowers in The Workplace appeared first on Financial Analyst Insider.

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UK Litigation Roundup: Here's What You Missed In London

Law 360 M&A

The past week in London has seen the company behind Dr Martens kick off a copyright claim against a vegan footwear brand, SFO-investigated property developer Pinnacle Alliance sue a real estate management company and insurer AIG, and broadcaster Sky on the ropes following a lawsuit from British boxer Josh Taylor. Here, Law360 looks at these and other new claims in the U.K.

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National Instruments Seeks Strategic Options; Adopts 'Poison Pill' To Avoid Hostile Takeover

Benzinga

National Instruments Corp's (NASDAQ: NATI ) board evaluates strategic options in consultation with its financial and legal advisors. The comprehensive review will include various strategic, business, and financial alternatives, including solicitation of interest from potential acquirers. The board also approved a limited-duration shareholder rights plan.

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Voyager Sells Digital Assets For $1B, FTX Finds $5B In Crypto

Law 360 M&A

Cryptocurrency debtors put billions of dollars in play this week as Voyager Digital Holdings got the nod for a $1 billion sale of assets and FTX Trading located $5 billion of its own assets. Over at the U.S. Supreme Court, the justices wrestled with Puerto Rican sovereignty in a case involving the island's fiscal board. This is the week in bankruptcy.

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Benchmark International Facilitated The Transaction Of Flowstate Branding To Decision Sciences Research Associates

Benchmark Report

Benchmark International successfully facilitated the transaction between Flowstate Branding and Decision Sciences Research Associates.

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Law360 Names Practice Groups Of The Year

Law 360 M&A

Law360 would like to congratulate the winners of its Practice Groups of the Year awards for 2022, which honor the attorney teams behind litigation wins and major deals that resonated throughout the legal industry this past year.

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Atticus Frank to Present at the Venice Estate Planning Council

Auto Dealer Valuation Insights

Atticus L. Frank, CFA, ABV, is presenting in person at the Venice Estate Planning Council in Venice, Florida, on January 23, 2022. His session addresses “Art and Science: A Guide to Business Valuation for Attorneys and Financial Advisors.” Atticus Frank is a Vice President at Mercer Capital and a member of Mercer Capital’s Family Business Advisory Services Group.

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Va. Developers Say Kimco Deal Cost Them $6M For Project

Law 360 M&A

Two Virginia real estate developers claim that Kimco Realty's roughly $3.8 billion acquisition of real estate investment trust Weingarten Realty Investors eventually resulted in the developers' losing out on $6 million for a multimillion-dollar Alexandria development project.

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RIA M&A Update

Auto Dealer Valuation Insights

RIA M&A activity set new records in 2022, even as macro headwinds for the industry emerged throughout the year. Fidelity’s December 2022 Wealth Management M&A Transaction Report listed 229 deals through December 2022, up from 215 in 2021. However, deal volume was most significant in the first half of 2022 and began to cool in the second half of the year, particularly in the fourth quarter.

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Secure Act 2.0—Changes to Retirement Plans

Meade & Moore

The Consolidated Appropriations Act of 2023, which containedSecure 2.0 Act of 2022 (Securing a Strong Retirement Act), was signed into law on December 29, 2022. The overall goal was to increase retirement savings, improve retirement rules and also lower some of the costs associated with implementing retirement plans. The bill provides for significant changes to retirement plans, a few of the more significant changes are provided here.

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Six Things to Consider When Working with a Business Appraiser

Auto Dealer Valuation Insights

We’ve turned the page on 2022, another year defined by challenges, record profitability and elevated valuations for auto dealers. As we enter 2023, there will likely be unique challenges and opportunities for auto dealers regarding business valuations. We will dedicate future blogs to the discussion of these opportunities from the perspective of succession planning in an environment with.

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Endo Claimants Say It's Time For Alternative Ch. 11 Plans

Law 360 M&A

Representatives of unsecured and opioid injury claimants are asking a New York bankruptcy judge to reject Endo International's request to bar the filing of alternatives to its proposed Chapter 11 asset sale for another six months.

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Municipal Emergency Services Acquires Blue Ridge Rescue Suppliers

Benzinga

Montvale, VA January 13, 2023 --( PR.com )-- Municipal Emergency Services (MES, Inc.) acquired Blue Ridge Rescue Suppliers on January 13, 2023. Founded in 2001, Blue Ridge Rescue Suppliers is the leading Honeywell First Responder turnout gear provider to municipalities and volunteer fire departments throughout Virginia. Tom Hubregsen, CEO of MES, commented, “We are thrilled to have the.

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