Thu.Jun 15, 2023

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ESG and Fiduciaries: A New Age Dawns

Harvard Corporate Governance

Posted by James C. Woolery, Woolery & Co., on Thursday, June 15, 2023 Editor's Note: James C. Woolery is a Partner and founder at Woolery & Co. This post is based on his Woolery piece. 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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Comment on GLA Adjustment: Adjusting Full Difference vs a Threshold Amount by Spencer Paul

Appraisers Blog

In reply to David. I look at 5 properties on a Monday and write them on a Tuesday. Same style and still make long the same base fees I was during the pandemic. Around here that has been very hard to do.

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Market Power, Not Consumer Welfare: A Return to the Foundations of Merger Law

Harvard Corporate Governance

Posted by Eric A. Posner (University of Chicago), on Thursday, June 15, 2023 Editor's Note: Eric A. Posner is the Kirkland and Ellis Distinguished Service Professor of Law at the University of Chicago. This post is based on his recent paper. Section 7 of the Clayton Act prohibits mergers and acquisitions where “the effect may be substantially to lessen competition, or to tend to create a monopoly.

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Comment on GLA Adjustment: Adjusting Full Difference vs a Threshold Amount by Baggins

Appraisers Blog

In reply to WAD. ‘If an appraiser were to do that, it results in double dipping the adjustments if any other adjustments are made in the grid.’ The whole enchilada, from extracted regression tools. What about the extra features? Quite right. The alternative is a classical simple mathematical approach. Distributed allotment. Each component a piece of the pie, no more than 100% should be applied.

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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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Benchmark International successfully facilitated the transaction between eLogger and Vogl Ventures

Benchmark Report

Benchmark International is pleased to announce Vogl Venture's acquisition of eLogger. eLogger is an innovative software developer focused on providing electronic logbook solutions for electric utilities, water utilities, oil & gas companies, and other industrial operations. Founder Ron Vogl has decades of experience wearing many hats in his industry.

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When Do COVID-19-Related Extended HIPAA Special Enrollment Periods End?

ThomsonReuters

QUESTION: As required, our group health plan has extended the length of HIPAA special enrollment periods due to the COVID-19 emergency. When do the extended special enrollment periods end? ANSWER: In response to the COVID-19 emergency, the DOL and IRS extended HIPAA special enrollment period deadlines by requiring plans to disregard (for a maximum of one year) the COVID-19 “outbreak period,” which began March 1, 2020, and is set to end on July 10, 2023.

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ACA Preventive Health Services Mandate to Remain in Effect During Braidwood Appeal

ThomsonReuters

Braidwood v. Becerra, 2023 WL 2703229 (N.D. Tex. 2023) (Docket: Unpublished Order (5th Cir. June 13, 2023)) A federal appellate court has paused a portion of the trial court’s ruling in Braidwood v. Becerra while the ruling is appealed, following an agreement by the parties. At issue is the constitutionality of the Affordable Care Act’s preventive health services mandate—specifically, coverage requirements triggered by recommendations of the United States Preventive Services Task Force (USPSTF

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Comment on Dazzled by Wizardry, Federal Mortgage Regulators Ignore Zillow Debacle by Spencer Paul

Appraisers Blog

Federal bureaucrats are all in on a whacky plan to use technical wizardry to tease out the value of individual properties across the country.

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CMS Issues Guidance on Elimination of MHPAEA Opt-Out Elections by Self-Insured Non-Federal Governmental Health Plans

ThomsonReuters

CMS Insurance Standards Bulletin Series—Information (June 7, 2023) Available at [link] HHS’s Centers for Medicare & Medicaid Services (CMS) has issued guidance addressing legislative provisions that eliminated the ability of self-insured non-federal governmental health plans to opt out of complying with the Mental Health Parity and Addiction Equity Act (MHPAEA).

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Use the Tax Code to Make Business Losses Less Painful

Machen McChesney

Whether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow by allowing businesses to apply losses to offset taxable income in future years, subject to certain limitations.

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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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Challenges and changes within the audit industry

ThomsonReuters

Increased focus on ESG There are a number of issues and challenges around ESG that tax and accounting firms need to consider. Here is a brief summary of the top five: 1. How is the growing focus on ESG affecting the audit profession? Auditors are having to expand the scope of their work as ESG is increasingly under the scrutiny of stakeholders and investors.

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What Is Regulatory Change Management at Financial Institutions?

N Contracts

Regulatory change management is the process financial institutions use to identify, evaluate, and implement new or amended rules and regulations. It’s designed to create an efficient, repeatable process that helps these institutions understand how new requirements affect their operations and modify their practices accordingly.

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Comment on GLA Adjustment: Adjusting Full Difference vs a Threshold Amount by Baggins

Appraisers Blog

In reply to David. Are you analyzing the whole market in that grid, or a small set of carefully selected individual examples? Convoluted would be intermingling the theories for macro economics into micro analysis of individual sales examples. My entire life is a waste of time, I’m a mortgage lending appraiser. Had to edit, I said sampling! Try to stay away from that language.

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FTC Pharma Merger Digest May Offer Policy Clues

Law 360 M&A

The Federal Trade Commission's and the U.S. Justice Department's recently published summary of the agencies' workshop on proposed changes to pharmaceutical merger analysis reads like a policy roadmap and its timing may forecast the release of new draft merger guidelines, say attorneys at Mintz.

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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 GLA Adjustment: Adjusting Full Difference vs a Threshold Amount by Spencer Paul

Appraisers Blog

In reply to Baggins. I agree fully with you on this post. That being said, I still don’t understand your point the phrase sample pool. You manually picked comps, let say the average workfile might have a total of 8-10 sales, of which you rank and file the most similar to the 5-7 that you place in the report. Why would this not be called a sample/comparable pool?

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4 Ways Mergers and Acquisitions Can Transform Your Business

Scott Mashuda

Mergers and acquisitions (M&A) can provide the key to enhanced business transformation, streamlining operations, extending the reach of your operations or even transitioning ownership. With the right deal team , the M&A process can be intensely rewarding and a defined path toward achieving financial goals. Successful M&A deals can help businesses reduce expenses and result in increased efficiency, better utilize capital investment, and achieve a greater ROI.

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Comment on GLA Adjustment: Adjusting Full Difference vs a Threshold Amount by Baggins

Appraisers Blog

In reply to Spencer Paul. To say sample implies there are other options. Perhaps there is but I like to reiterate that after extensive market review, I have selected the most meaningful most pointed sales for detailed grid analysis. If there was actually more than six best choices, I may at the end of the report write up, detail the considered but unused comparables.

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JPMorgan claims Frank founder told staff to overstate user numbers

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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Comment on GLA Adjustment: Adjusting Full Difference vs a Threshold Amount by Realist

Appraisers Blog

In reply to David. Interesting. All I do is write narrative reports that win cases. I won’t touch a form report. They are inadequate and too often deceiving. My reports are very inclusive and long – to the chagrin of the opponents typically lazy appraiser. What is funny is that, it is not uncommon for the opposing attorneys to attempt to engage me for future assignments.

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Why Saudi Arabia Came for Golf and Why the PGA Let Them In

NYT M&A

The surprise merging of golf’s rival circuits is expected to transform the sport.

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Comment on GLA Adjustment: Adjusting Full Difference vs a Threshold Amount by Spencer Paul

Appraisers Blog

In reply to Baggins. I think that we agree. I don’t use regression because a math professor once stated that you can not properly run regression if there is more than one unknown variable in the equation. Comparing one house to the next, there are at least 50 on the exterior, let alone the interior. To me that increases the margins of error, nor shrink them.

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All change: The new era of perpetual organizational upheaval

Mckinsey and Company

To flourish at a time when massive shifts are shaking their organizations, business leaders need to focus on the “superpowers” of speed, technology, talent, and leadership.

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Comment on GLA Adjustment: Adjusting Full Difference vs a Threshold Amount by Baggins

Appraisers Blog

In reply to Chuck Minzenberger, SRA. Thanks. Run two different models, that’s interesting. I have only one workfile, and only one brain to analyze the data their in. Personally I don’t run models or use advanced tools, I just look at market data a hundred different ways until I feel I’ve identified the market segment I’m needing, and the market set with most logically oriented trends.

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Good, better, best: Railways are advancing their ESG agenda

Mckinsey and Company

A comprehensive ESG strategy could help railway companies to advance their sustainability agendas—and address more than decarbonization.

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Comment on GLA Adjustment: Adjusting Full Difference vs a Threshold Amount by Spencer Paul

Appraisers Blog

In reply to Realist. The forms were meant to be the base minimum. If you are working in the mortgage industry and you aren’t writing a near narrative report, I just fear that when it craps, they will come back to blame the appraiser and having little data to support your opinions, without additional consideration to those higher and lower being included in the report just opens up your liability.

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EU Competition Law: New Horizontal Block Exemption Regulations and Horizontal Guidelines

National Law Review M&A

Jacques Buhart Stéphane Dionnet Frédéric Pradelles Jurisdiction: European Union Type of Law: Antitrust & Trade Regulation Corporate & Business Organizations Mergers & Acquisitions Global

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Comment on GLA Adjustment: Adjusting Full Difference vs a Threshold Amount by David

Appraisers Blog

Spencer, multiple regression is easy to run, but it does involve creating. a ranking matrix and I emphasize it only provides correlation which must be explained. Years ago McKissock attempted to peddle a package which would derive adjustments, but it failed. I have no knowledge of getting from regression to actual adjustments. FYI regression can be very useful with limited data – Take 8 land sales and rank them be flat, frontage, size and you can show the effect of each on value/acre.

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US oil services: consolidation means more pricing power

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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Comment on GLA Adjustment: Adjusting Full Difference vs a Threshold Amount by Baggins

Appraisers Blog

In reply to Realist. That’s next level Realist. You won’t catch me going to a government building on purpose, lol. I’ve had many an appraiser try to pull me in with good advice. I’ve always appreciated the easy nature of mortgage lending work. Not because the job is easy, that took a lot of work. But just dealing with people in their homes, vacant houses, this used to be a really great career until amc’s ruined the industry.

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The Future of ESG: Executing a Compliance-Driven Strategy

Audit Board

94% of executives face external pressure to prioritize ESG strategies. That pressure will only intensify, as new ESG reporting regulations coming in 2024 will introduce formal policies on how information is reported, substantiated, and assured. A closer examination of current regulatory initiatives will illuminate the substance of these regulations and how organizations must adjust to become compliant.

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Comment on GLA Adjustment: Adjusting Full Difference vs a Threshold Amount by David

Appraisers Blog

To Realist! I made a decision 2 decades ago to never write a commercial narrative report again for less the 10K. We will assume that is your base fee. The bigger the files, and the greater the words printed is just smoke. In every report there is a hook to take throw information at the wall appraisals down. As a hearing officer it was hours of listening with a one sentence note as to the decision.

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Amazon's $1.7B Bid For Roomba Vacuum Maker Gets UK Nod

Law 360 M&A

The Competition and Markets Authority said Friday that it has cleared Amazon's $1.7 billion acquisition of iRobot after finding that the company behind the Roomba robotic vacuum cleaner has only a modest market share in the U.K.

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Comment on GLA Adjustment: Adjusting Full Difference vs a Threshold Amount by David

Appraisers Blog

Spencer, as usual, you missed the point. Why sit down and labor over a narrative report for 2-4 weeks for peanuts when you can make the more money looking at a property on a Monday, finish it Wednesday and get paid Friday times five. That is the way to make more money and continuously have new entertaining work. 100 plus pages of narrative report mostly BS – not for me.

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3 1/2 Years, 182 Weeks, and 1,278 Days of Walking

Chris Mercer

And, of course, Pickleball! Walking has become part of my daily life. Some readers have been following my posts about walking for quite a while. My current journey began 3 1/2 years ago on December 15, 2019. As 2019 was drawing to a close, I realized that I had not been taking care of myself. My weight had risen to 212 pounds, which was the highest it had ever been.

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