Thu.Oct 13, 2022

article thumbnail

What’s ESG Got to Do With It?

Harvard Corporate Governance

Posted by Martha Carter, Matt Filosa, and Rhea Brennan, Teneo , on Thursday, October 13, 2022 Editor's Note: Martha Carter is Vice Chairman & Head of Governance Advisory, Matt Filosa is Senior Managing Director, and Rhea Brennan is Vice President at Teneo. This post is based on a Teneo memorandum by Ms. Carter, Mr. Filosa, Ms. Brennan, Oliver Parry , Lisa R.

article thumbnail

Sustaining digital payments growth: Winning models in emerging markets

Mckinsey and Company

Digital payment transactions are skyrocketing in emerging markets as innovations proliferate. Banks, fintechs, and telecom companies must quickly develop their strategy to compete for market share.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Second Circuit (re)opens the door to offshore M&A litigation being filed in the U.S.

Harvard Corporate Governance

Posted by Jonathan K. Chang, Lawrence Portnoy, and Brian S. Weinstein, Davis Polk & Wardwell LLP, on Thursday, October 13, 2022 Editor's Note: Jonathan K. Chang is counsel and Lawrence Portnoy and Brian S. Weinstein are partners at Davis Polk & Wardwell LLP. This post is based on their Davis Polk memorandum. More shareholder challenges of offshore corporate transactions are likely to be filed in U.S. courts following a recent decision holding that a forum clause in a foreign issuer’s dep

198
198
article thumbnail

Embedded finance: Who will lead the next payments revolution?

Mckinsey and Company

Winners are already emerging in the race to provide banking and payments infrastructure for embedded finance, but incumbents and new entrants still have time to claim a share of this dynamic market.

Finance 136
article thumbnail

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.

article thumbnail

Must Applicable Large Employers File ACA Information Returns Electronically?

ThomsonReuters

QUESTION: We added a large number of full-time employees in 2021 and became an applicable large employer (ALE) in 2022. We are preparing to file Forms 1094-C and 1095-C with the IRS in early 2023. Do we have to file the forms electronically? ANSWER: The filing method—paper or electronic—depends on the size of the ALE. As background, the Affordable Care (ACA) enacted Code § 4980H, which imposes employer shared responsibility penalties on ALEs that fail to offer full-time employees adequate empl

98
article thumbnail

Central bank digital currencies: An active role for commercial banks

Mckinsey and Company

With central banks increasingly exploring central bank digital currencies (CBDCs), now is the time for commercial banks to establish their role in a fast-changing landscape.

Banking 127

More Trending

article thumbnail

Women Matter Mexico 2022: Lights and shadows of the pandemic

Mckinsey and Company

In Mexico’s workforce, the COVID-19 pandemic had more impact on women than on men. The experience suggests how flexibility, hybrid working, and effective communication can benefit everyone involved.

article thumbnail

IRS Regulations Base Eligibility for ACA Premium Tax Credits on Affordability of Family Coverage; Related Guidance Allows Additional Election Changes

ThomsonReuters

Final Regulations: Affordability of Employer Coverage for Family Members of Employees, 26 CFR Part 1, 87 Fed. Reg. 61979 (Oct. 13, 2022); IRS Notice 2022-41 (Oct. 11, 2022). Regulations. Notice. The IRS has finalized regulations that change the eligibility standards for an Affordable Care Act (ACA) premium tax credit (PTC) by providing that, for taxable years beginning in 2023, affordability of employer-sponsored coverage for an employee’s family members is based on the employee’s cost to cover

98
article thumbnail

Women Matter Mexico 2022: Uneven parity

Mckinsey and Company

Awareness of the value of gender equity is spreading, but much work remains to establish gender parity in Mexico’s workplaces. Research suggests which initiatives have an impact.

Equity 96
article thumbnail

Elon Musk Under Federal Probe Over $44B Twitter Deal, Court Filing Shows

Benzinga

Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk is reportedly under investigation by federal authorities over his bid to purchase Twitter Inc (NYSE: TWTR ). What Happened: Twitter said in a court filing released Thursday that Musk's attorneys claimed “investigative privilege” while refusing to hand over material sought by the social media company, reported Reuters.

97
article thumbnail

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

article thumbnail

Appealing to a broader audience

Mckinsey and Company

Ken Wee, chief strategy officer at Activision Blizzard, says despite the explosion of the market addressable by the metaverse, a true unlock has yet to occur to draw in a larger non-game-endemic audience. An edited version of the conversation from our ‘Value creation in the metaverse’ report follows.

article thumbnail

Kroger and Albertsons, Grocery Giants, Are Said to Be in Talks to Merge

NYT M&A

A deal could be the industry’s largest in years and would almost certainly invite antitrust scrutiny from regulators.

article thumbnail

Satisfying the toughest customers first: A conversation with Next Gen Foods’ Andre Menezes

Mckinsey and Company

The cofounder of a Singapore food tech start-up explains how it won over consumers and investors by designing its plant-based chicken to appeal to chefs.

article thumbnail

Efficiencies Evidence Questions After Penguin Merger Order

Law 360 M&A

A recent D.C. district court ruling that Penguin Random House's cost savings evidence is inadmissible to justify its $2.18 billion acquisition of Simon & Schuster in U.S. v. Bertelsmann represents a departure from prior cases and could change how efficiencies evidence is presented in merger cases, say attorneys at Latham.

75
article thumbnail

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.

article thumbnail

Biggest US grocery chain Kroger in talks to buy rival Albertsons

Financial Times M&A

Deal would bring together two of the country’s largest supermarkets, testing antitrust policies

97
article thumbnail

Twitter Wanted Musk To Give Up Gov't Probe Docs Before Stay

Law 360 M&A

Twitter has asked Delaware's chancellor to compel Elon Musk to release documents involving government investigations into his conduct in a proposed $44 billion deal to take the company private, according to a letter disclosed by Delaware's Court of Chancery late Thursday.

75
article thumbnail

Twitter says Musk is being investigated by US authorities

Financial Times M&A

Social media group’s disclosure in court filing comes amid battle over $44bn takeover

100
100
article thumbnail

Meta Pushes For Clubhouse Docs In FTC Monopoly Case

Law 360 M&A

Facebook parent company Meta Platforms has asked a D.C. federal court to enforce a subpoena issued to the owner of the social audio app Clubhouse in a monopolization case brought by the Federal Trade Commission.

75
article thumbnail

China’s theme parks face a new era

Mckinsey and Company

China’s theme park industry is growing and evolving—a new report sheds light on how operators can elevate existing parks, and plan for new ones.

76
article thumbnail

Climate Disclosures Could Slow IPO Plans, SEC Panel Told

Law 360 M&A

The U.S. Securities and Exchange Commission's plan to beef up climate-related disclosures may dissuade companies from going public given the expected cost of complying with the new requirements, an accountant told an SEC panel Thursday.

75
article thumbnail

Mega-merger in aisle 1

Financial Times M&A

Plus, a look inside Porsche’s complex governance structure and Lazard goes into politics

88
article thumbnail

Deals Rumor Mill: Toshiba, Exxon Mobil, Brad Pitt

Law 360 M&A

Toshiba Corp. could be purchased for more than $19 billion, Exxon Mobil is exploring a takeover of oil and gas producer Denbury, and Brad Pitt's Plan B Entertainment is weighing strategic options including selling all or part of the company. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.

75
article thumbnail

Big Four supermarket merger may be more palatable for regulator

Financial Times M&A

Mega deals have been off the table since Sainsbury was blocked from buying Asda

88
article thumbnail

Meta Wants FTC's Last VR Fitness App Antitrust Claim Nixed

Law 360 M&A

The Federal Trade Commission's allegation that Meta Platforms Inc.'s acquisition of the popular virtual reality fitness app Within Unlimited Inc. might foreclose potential competition — the final claim in the agency's challenge — is "pure speculation," the social media behemoth said Thursday as it asked a California federal court to toss the suit.

74
article thumbnail

Why Are Albertsons Shares Gaining Today?

Benzinga

Albertsons Companies Inc (NYSE: ACI ) rose 8% on a Bloomberg report on merger talks with competing grocer Kroger Co (NYSE: KR ). An agreement. Full story available on Benzinga.com.

52
article thumbnail

Vetting Technology Solutions for 2023? Don’t Miss These Critical Factors.

Biz Equity

The end of the year is looming – and if you still haven’t determined where to allocate your 2023 technology budget, you aren’t alone. Advisory firms today are facing a unique and unenviable combination of inflationary pressures, market challenges and an impending recession – not to mention an increasingly crowded financial technology landscape.

article thumbnail

BREAKING: Urban-gro Acquires Texas-Based Engineering Firm, DVO, Inc.

Benzinga

Urban-gro (NASDAQ: UGRO ), has signed a binding letter of intent (LOI) to acquire Dawson Van Orden, Inc. (DVO) , a world-class engineering firm with significant experience in indoor Controlled Environment Agriculture (CEA). Urban-gro is a services and design-build company that provides solutions to CEA and commercial sectors. According to a press release , "in addition to mechanical, electrical, and plumbing (“MEP”) engineering services, the acquisition of the 24-person, Texas-b

article thumbnail

The window tax through the ages

Henry Horne

I am a CPA. My husband, before he retired, was a computer programmer. So, naturally, both of our daughters are history majors! The oldest is an AP history teacher at a Title 1 school and the youngest does historical research for a company that she swears is not the NSA or CIA or any of … Keep Reading. The post The window tax through the ages appeared first on Henry+Horne.

52
article thumbnail

Bowlero Continues Midwest Expansion With Two Acquisitions

Benzinga

Bowlero Corp (NYSE: BOWL ) has entered into a definitive agreement to acquire The Mark near Omaha, Nebraska. The Mark is a family entertainment center offering a variety of activities such as bowling, leagues, and events. The center is over 85,000 sq. ft. and is home to 40 lanes, Full story available on Benzinga.com.

52
article thumbnail

Yielding to Taxpayer Frustration, IRS Provides That Certain Controversial Changes in Its Proposed Required Minimum Distribution Regulations Will Not Apply Before 2023

ThomsonReuters

IRS Notice 2022-53 (Oct. 7, 2022). Available at [link]. The IRS has issued limited relief relating to required minimum distributions (RMDs) from qualified plans (including 401(k) plans), IRAs, Roth IRAs, 403(b) plans, and 457(d) eligible deferred compensation plans. As background, the SECURE Act increased the age for determining an individual’s required beginning date to age 72 (from 70-1/2) and significantly altered the timing requirements for RMDs made to designated beneficiaries after a part

52
article thumbnail

Nonprofit Compensation Rules: Tips to Avoid Penalties

Concannon Miller

Your nonprofit organization is probably assisted by volunteers who aren't financially compensated. But your staff — including executives — are almost certainly paid a commensurate salary and benefits for their work. Compensation issues are always tricky, but they're made more so by tax and legal requirements for nonprofits. Setting executive pay is particularly fraught because if your nonprofit isn't careful, it could be penalized or even lose its tax-exempt status.

52
article thumbnail

Toshiba Shares Gain On Reports Of Potential $19B Takeover Bid

Benzinga

A domestic investor-led group was looking at a $19 billion bid for Toshiba Corp (OTC: TOSYY ) - a potential deal that would likely lead to foreign activist shareholders being bought out after years of tension. Toshiba and activist shareholders have been at odds over the company's direction, with several large foreign funds pushing the conglomerate to consider private equity bids.

Equity 52
article thumbnail

UK To Accept Antitrust Fixes In €15B Veolia, Suez Deal

Law 360 M&A

The antitrust authority said Thursday that it is ready to accept remedies from Suez and rival Veolia to clear their €15 billion ($14.5 billion) merger, after raising concerns that the deal could lead to higher bills for customers in Britain.

52
article thumbnail

India's Zoomcar To Reportedly Go Public Via $456M SPAC Merger: What You Need To Know

Benzinga

India-based car-sharing platform Zoomcar Inc. is likely to go public through a merger with blank-check company Innovative International Acquisition Corp. (NASDAQ: IOAC ) reported Bloomberg, citing sources. The merger implies a Pro-forma enterprise value of close to $456 million for the business, the report added. Shares of the merged company, to be named as Zoomcar Holdings Inc. , are likely to trade on the Nasdaq, it said.