Wed.Aug 02, 2023

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?ESG Mid-Year Review: Expectations for the Remainder of 2023

Harvard Corporate Governance

Posted by Marc S. Gerber, Greg Norman, and Simon Toms, Skadden, Arps, Slate, Meagher & Flom LLP, on Wednesday, August 2, 2023 Editor's Note: Marc S. Gerber , Greg Norman , and Simon Toms are Partners at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden memorandum by Mr. Gerber, Mr. Norman, Mr. Toms, Boris Bershteyn , Tansy Woan and Kathryn Gamble.

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Top 10 tips for successful accounting firm recruitment

ThomsonReuters

It takes a combination of insight and determination to recruit the right talent for your accounting firm. Recently, respondents to the 2023 State of the Tax Professionals Report shared their top ten tips for a successful accounting firm recruitment strategy. If you also want to ensure that your firm is staffed with the most capable and experienced professionals, here are some priorities to keep in mind. 1.

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How Directors Can Optimize Shareholder Engagement in 2023

Harvard Corporate Governance

Posted by Kris Pederson, EY, on Wednesday, August 2, 2023 Editor's Note: Kris Pederson is Leader at the EY Americas Center for Board Matters. This post is based on her NACD piece. In today’s proxy landscape, investor engagement is increasingly key to understanding and addressing shareholder voting outcomes and potential areas of vulnerability that activists could exploit.

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What are countries doing to implement OECD’s BEPS Pillar 2.0?

ThomsonReuters

As the Organization for Economic Co-Operation and Development’s (OECD) ground-breaking Base Erosion Profit Shifting (BEPS) framework for taxing the digital economy is being implemented, countries around the globe are beginning to roll out the second of the OECD’s two BEPS pillars—Pillar 2.0. Pillar 2.0 aims to end the ‘race to the bottom’ on tax rates by ensuring that multinational enterprises (MNEs) pay a minimum effective corporate tax rate of 15%.

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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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Selecting a Qualified Auditor for Your Employee Benefit Plan

Machen McChesney

Does your organization offer health care and retirement benefits for its employees? Benefit plans with 100 or more participants are generally required to have their annual reports audited under the Employee Retirement Income Security Act of 1974 (ERISA). Here’s some guidance to help plan administrators fulfill their fiduciary responsibilities for hiring independent qualified public accountants to perform audits.

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Enabling renewable energy with battery energy storage systems

Mckinsey and Company

The market for battery energy storage systems is growing rapidly. Here are the key questions for those who want to lead the way.

More Trending

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Bidding for Simon & Schuster Draws to a Close

NYT M&A

The move to acquire the publisher, one of the five largest in the country, comes after the government blocked a deal last year on antitrust concerns.

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What is the gig economy?

Mckinsey and Company

The gig economy refers to the workforce of people engaged in freelance and side-hustle work.

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Public Service Announcement: Please Stop Using ChatGPT for Email

Brian DeChesare

Normally on this site, I write about a mix of careers, sectors within finance, financial modeling topics, and current events. This week, though, I am posting a public service announcement. Please stop using ChatGPT for email – or learn to use it correctly so you don’t write horrible emails that sink your career. Over the past few months, I’ve seen an uptick in AI-generated messages from students, customers, suppliers, and random people asking me for favors on LinkedIn.

Banking 52
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How to Finance a Business Purchase Using an SBA Loan

Peak Business Valuation

Are you looking to buy a business but don’t have the funds to do so? If you’re an entrepreneur, you know that financing a business purchase can be a daunting task. Fortunately, SBA loans can help you get started. The Small Business Administration (SBA) offers loans to entrepreneurs who want to start, acquire , or expand their businesses.

Finance 52
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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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Story Cannabis Company Acquires 4 Vertically Integrated Nature's Medicines Dispensaries In Arizona

Benzinga

Story Cannabis Company, an emerging player in the fast-growing cannabis industry, announced the acquisition of four vertically integrated cannabis licenses, currently branded under the name Nature’s Medicines, located in Arizona. The Company acquired the assets from Devi Holdings Inc. Financial terms are not disclosed. The newly purchased facilities are currently operating and serving Arizona’s adult-use and medical consumers from two locations in Phoenix, one in Tolleson, and one in

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Erickson to Present at the WaterStone Stewardship Advisory Summit

Auto Dealer Valuation Insights

Bryce Erickson, ASA, MRICS will be presenting in person at the WaterStone Stewardship Advisory Summit on August 3, 2023, in Colorado Springs, Colorado. Bryce will be speaking on “Valuation Considerations in Charitable Gifting Scenarios: Liquidity Events, Client Goals, Taxes, and Where Valuations Fit.” Bryce Erickson, Senior Vice President at Mercer Capital, leads Mercer Capital’s Dallas office.

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Chamberlain Hrdlicka Expands In Philly With Tax Attorney Hire

Law 360 M&A

Chamberlain Hrdlicka has expanded its tax practice this week with the addition to its Philadelphia office of an attorney specializing in state and local tax, or SALT, matters.

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Mercer Capital Welcomes New Financial Analysts

Auto Dealer Valuation Insights

Mercer Capital welcomes several new members to our team: Mr. John Farris, Mr. Rayan Itani, Ms. Elizabeth Mueller, Mr. Brown Myers, and Mr. Alex Rodriguez. They are all joining the team as financial analysts. “It’s always exciting to welcome a new group of talented analysts to our team,” said Matt Crow, CEO. “Their energy and intellectual curiosity will be invaluable to strengthening our firm for.

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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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FCF European Forestry, Paper and Packaging Market Study – 2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Forestry, Paper & Packaging Market Study – 07/2023”. Based on available data from European timber, paper and packaging manufacturers, the FCF FORESTRY, PAPER. Read more The post FCF European Forestry, Paper and Packaging Market Study – 2023 published appeared first on FCF Fox Corporate Finance GmbH.

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UK and EU divide opens up on dealmaking regulation

Financial Times M&A

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

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The strategy leader’s evolving mandate

Mckinsey and Company

Strategy leaders have taken on additional responsibilities over the past decade in response to increasing volatility and shifting mandates.

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Goodwin Adds Weil Restructuring Partner in NY

Law 360 M&A

Goodwin Procter LLP has brought on a financial restructuring partner formerly of Weil Gotshal & Manges LLP in its New York office, the firm announced Tuesday.

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How competitive is Europe on technology?

Mckinsey and Company

Managing partner for Europe Massimo Giordano discusses the state of European technology, which lags behind the United States and Asia in most sectors.

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Inside EY’s brewing succession battle

Financial Times M&A

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

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How can Europe navigate the future of work?

Mckinsey and Company

Managing partner for Europe Massimo Giordano discusses European efforts to adapt to the future of work, which will be shaped by sustainability and generative AI.

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TCW agrees deal to buy Engine No. 1’s ETF business

Financial Times M&A

Acquisition of activist manager’s ETFs is expected to complete in third quarter pending shareholder approval

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Nona Lim Announces Acquisition by Hong Kong-based DDC Enterprise Limited

Benzinga

SAN FRANCISCO, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Nona Lim , the San Francisco-based producer of fresh, better-for-you noodles, broths and stir-fry kits, has been acquired by DDC Enterprise Limited, dba DayDayCook, a leading food content consumer brand headquartered in Hong Kong. Both companies are woman-founded and woman-led, sharing a focus on delivering convenient, nourishing, and authentic Asian fare.

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Michael Klein: Spac sponsor backs English compounder

Financial Times M&A

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

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STERIS Completes the Acquisition of Surgical Instrumentation Assets from BD

Benzinga

DUBLIN, IRELAND, Aug. 02, 2023 (GLOBE NEWSWIRE) -- STERIS plc (NYSE: STE ) ("STERIS" or the "Company") today announced that it has completed the previously announced acquisition of the surgical instrumentation, laparoscopic instrumentation and sterilization container assets from BD (Becton, Dickinson and Company) (NYSE: BDX ). "We are pleased to announce the closing of this acquisition, as the brands we are adding will strengthen, complement and expand STERIS's product offerings within our

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Skadden Discusses DOJ’s Reliance on Traditional Statutes in Cryptoasset Fraud Cases

Reynolds Holding

Two recent indictments highlight the Department of Justice’s (DOJ’s) continuing use of the traditional wire fraud, money laundering and identity theft statutes to pursue fraud involving digital assets, indicating that law enforcement will look to prevent theft and scamming regardless of the novel types of assets targeted by the fraud. Hugh and Brandon Austin: Cryptocurrency Fraud On July 12, 2023, the DOJ announced charges against Hugh Austin and his son, Brandon Austin , for conspiring to stea

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Nona Lim Announces Acquisition by Hong Kong-based DDC Enterprise Limited

Benzinga

SAN FRANCISCO, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Nona Lim , the San Francisco-based producer of fresh, better-for-you noodles, broths and stir-fry kits, has been acquired by DDC Enterprise Limited, dba DayDayCook, a leading food content consumer brand headquartered in Hong Kong. Both companies are woman-founded and woman-led, sharing a focus on delivering convenient, nourishing, and authentic Asian fare.

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How ESG Ratings Can Affect a Firm’s Cost of Equity

Reynolds Holding

CEOs and institutional investors have increasingly embraced Environmental, Social, and Governance (ESG) considerations and used them in deciding where to invest. According to the Sustainable Investment Forum, the value of U.S. sustainable assets rose from $6.6 trillion in 2014 to an impressive $17.1 trillion in 2020. This surge is part of a global trend: The Global Sustainable Investment Alliance (GSIA) estimates that sustainable asset values in the U.S., Europe, Canada, Australia, and Japan inc

Equity 40
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Maginito Completes Acquisition of Pioneering Rare Earth Magnet Recycler Hypromag

Benzinga

HIGHLIGHTS: Maginito (Mkango 90%; CoTec 10%) completes transaction to increase its ownership in HyProMag to 100% £1 million (C$1.7 million) cash consideration, funded from existing working capital in Maginito; and 9,742,031 Mkango shares equivalent to £1m (C$1.7m) at a price per share of 10.26 pence Maginito targeting first production from the UK in 2023 and Germany in 2024, with parallel technology roll-out into the US LONDON and VANCOUVER, British Columbia, Aug. 03, 2023 (GLOBE NEWSWIRE) --

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Private Aviation Biz Goes Public Via $261M SPAC Merger

Law 360 M&A

Full-service private aviation company Volato on Wednesday announced it will become a public company through a merger with blank-check company Proof Acquisition Corp. I in a deal built by two firms that values the merged business at a pro forma enterprise value of $261.1 million.

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GAM makes last-ditch effort to win support for Liontrust rescue deal

Financial Times M&A

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

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Cahill Gordon's Antitrust Leader Moves To McDermott In NYC

Law 360 M&A

The former leader of Cahill Gordon & Reindel LLP's antitrust and trade regulation group is bringing his more than two decades of antitrust experience to McDermott Will & Emery LLP, the firm announced Wednesday.

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Fiduciary Duties: Del. Supreme Ct. Holds Charter Can’t Alter Standard of Review

John Jenkins

Last month, the Delaware Supreme Court issued its decision in CCSB Financial v. Trotta, (Del.

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Mootness Fees Are Losing Traction In Del. And Federal Courts

Law 360 M&A

The Delaware Chancery's recent decision in Anderson v. Magellan Health deals a significant blow to plaintiffs attorneys seeking mootness fees for merger litigation brought in that state, and federal courts are trending in the same direction, say Paul Marino and Michael Fialkoff at Day Pitney.

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