Tue.Jun 27, 2023

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Side Letter Governance

Harvard Corporate Governance

Posted by Elisabeth de Fontenay (Duke University) and Yaron Nili (University of Wisconsin), on Tuesday, June 27, 2023 Editor's Note: Elisabeth de Fontenay is a Professor of Law at Duke University, and Yaron Nili is a Professor of Law and the Smith-Rowe Faculty Fellow in Business Law at the University of Wisconsin Law School. This post is based on their article, forthcoming in the Washington University Law Review.

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Unleashing developer productivity with generative AI

Mckinsey and Company

A McKinsey study shows that software developers can complete coding tasks up to twice as fast with generative AI. Four actions can maximize productivity and minimize risks.

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The Activism Vulnerability Report

Harvard Corporate Governance

Posted by Jason Frankl and Brian G. Kushner, FTI Consulting, on Tuesday, June 27, 2023 Editor's Note: Jason Frankl and Brian G. Kushner are Senior Managing Directors at FTI Consulting. This post is based on their FTI Consulting memorandum. Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism by Lucian A.

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HR rewired: An end-to-end approach to attracting and retaining top tech talent

Mckinsey and Company

Technology companies are shedding the very talent that incumbent players need to meet their own digital objectives. Here’s what HR teams in traditional organizations can do to capitalize.

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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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Embracing Iterative Planning for Fiscal Planning

Rhythm Systems

For companies that commence their fiscal year in July, the annual strategic planning process takes on a unique significance. It sets the tone for the year ahead and paves the way for scaling the organization effectively. To achieve sustainable growth, it is crucial to establish an iterative annual planning process that incorporates quarterly planning.

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Comment on AMC Fee Impact on Appraisal Fee by Baggins

Appraisers Blog

In reply to That Scott Guy. Thanks, much appreciated. My appraiser pal in Aurora hired an inspection assistant whom is an appraiser, and is getting good traction after several years of attorney marketing. If you’re willing to dress in a suit and tie, go to court rooms, be an expert witness, the right strategy can work. He’s getting $800+ per, plus various expenses and follow up.

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Comment on Foregoing Contingencies! But What About Fiduciary Duty? by Brad Jones on Facebook

Appraisers Blog

Real Estate professionals have ignored their fiduciary obligations for years. The Code of Ethics means nothing because the Boards will not discipline Brokers/Agents.

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The Committed Innovator: The power of design

Mckinsey and Company

PepsiCo chief design officer Mauro Porcini describes how humanity and authenticity drive innovation, and the ‘unicorn’ superpowers vital to leading from the heart.

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Brookfield offers to buy insurer American Equity for $4.3bn

Financial Times M&A

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

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Sony Exec Testifies Microsoft Merger Could Trigger IP Leaks

Law 360 M&A

Sony's PlayStation chief testified via video deposition Tuesday in a high-stakes hearing over the Federal Trade Commission's bid to block Microsoft's $68.7 billion merger with Activision Blizzard that the tie-up would likely end Sony's collaboration with Activision due to concerns that the game maker would leak Sony's intellectual property to Microsoft.

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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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Comment on AMC Fee Impact on Appraisal Fee by That Scott Guy

Appraisers Blog

In reply to Baggins. Baggins, Sadly, my Colorado brother, things have taken that turn. I’m with you, I don’t know how much longer I’ll hold out. I’ve shifted a great deal of my work to estate and private homeowner/pre-listing work. The very few AMC’s I work for seem to be barely holding on as well. The VA work has slowed to a trickle, but that is mostly of Denver RLC fault assigning work to out of area roster appraisers, which has led to basically scraps for local a

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How the PGA Tour and Liv Golf Merger Could Collapse

NYT M&A

The tentative agreement has been the talk of golf, but there is no guarantee the pact that aims to bring the tour and LIV Golf under one umbrella will overcome every threat.

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Comment on VA Appraisal Request Form at Heart of AIR Violation Class Action by Wendy Terwilliger

Appraisers Blog

In reply to Baggins. Thank you Sir for your response ! You have given me Wonderful advice and I appreciate the time you took to write this ! This has given me a much better understanding of what we need to do ! Again , I Thank you for your Kindness!

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Renault/Ampere: corporate giants cut loose their energy transition lifeboats

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business 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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Comment on VA Appraisal Request Form at Heart of AIR Violation Class Action by Baggins

Appraisers Blog

In reply to Wendy Terwilliger. Holy Smokes! I’m just looking at this now. Possible avenues of liability; listing agent, buyers agent, home inspector, real estate appraiser. All of whom carry their own errors and omissions insurance. Material misrepresentations may have a cascading effect if repeated down the line. Your own home owners policy may also provide assistance with filing claims.

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Kering/Creed: posh perfume buy embraces luxury gap doctrine

Financial Times M&A

€5bn market for ultra-pricey brands is expanding at 15 per cent a year, three times faster than rest of fragrance market

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Comment on Foregoing Contingencies! But What About Fiduciary Duty? by Abby Piper Higgins on Facebook

Appraisers Blog

When you talk to anyone on the mortgage side, they say it’s a done deal and no one is stopping this. Why would you want anyone without a license or having insurance in your listing or your home?

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How due diligence can save you millions when buying a business [case study]

JPAbusiness

A JPAbusiness client case study showing why it is essential to conduct due diligence when buying a business.

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Comment on Foregoing Contingencies! But What About Fiduciary Duty? by Spencer Paul

Appraisers Blog

The Loan Officers and Brokers are missing a larger picture, with the reliance of FNMA data and other similar entities, how long do they really think they are going to be around. Checking the credit scores, job verification, etc can all be done already without a middle man. The borrower plugs the data entry in, the back ground checks, FICO scores, etc can run the automation they already have.

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What’s in Your Climate Score?

Reynolds Holding

An increasing number of consultancies, financial technology firms, data providers, and investment advisory groups offer information about localized physical climate risks like floods, hurricanes, and wildfires. In recent years, mainstream financial services companies have acquired many of the early climate-analytics startups and weather-modeling firms.

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Will the Downturn in IPOs and Valuations for Venture-Backed Technology Companies Lead to the Demise of Dual-Class Voting Structures?

National Law Review M&A

History is often written by reference to “before” and “after.

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Why are UK telecoms firms imposing inflation-busting bills?

The Guardian M&A

Exclusive: Ofcom is facing calls to intervene after companies pushed through prices rises of up to 17% this year Mobile and broadband firms accused of fuelling UK ‘greedflation’ with major price hikes Case study: ‘I’m being forced to make difficult choices’ In the autumn of 2020, bosses at BT were faced with a problem. Britain’s economy was reeling as the second deadly wave of the Covid pandemic took hold, and millions of Britons were still shut out from their offices, working from home.

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Comment on Foregoing Contingencies! But What About Fiduciary Duty? by Donna Taylor

Appraisers Blog

By foregoing contingencies such as home inspections & appraisals altogether, mortgage lenders risk violating their fiduciary duty.

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The Ultimate Guide to Effective Bookkeeping for Business Success

Financial Analyst Insider

In today’s highly competitive business landscape, maintaining accurate and efficient bookkeeping practices is essential for long-term success. Proper Bookkeeping in Toronto not only ensures compliance The post The Ultimate Guide to Effective Bookkeeping for Business Success appeared first on Financial Analyst Insider.

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Economic Indicators for Family Businesses

Auto Dealer Valuation Insights

In this video, Tripp Crews discusses a few key economic indicators that family business owners and directors would be well-served to keep an eye on as we continue to navigate through a turbulent macroeconomic environment. Having a working knowledge of these indicators can help inform decision-making processes for owners and directors both in the office and in the board room.

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The Tennessean Names Ncontracts a Top Workplace for Third Consecutive Year

N Contracts

BRENTWOOD, Tenn., June 27, 2023 – Ncontracts , the leading provider of integrated compliance, vendor, and risk management solutions to the financial industry, has been named a Top Workplace in Middle Tennessee by The Tennessean for a third year in a row.

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Top Takeaways From the 2023 Organizational Culture and Ethics Report

Audit Board

No organization is immune from culture failure. It is one of the most significant risks any organization faces. A healthy culture is critical to long-term, sustainable organizational success — and toxic cultures often serve as a common thread across organizational failures. Yet, organizations cannot manage what they do not monitor, and many organizations are still not prioritizing culture assessment or acknowledging culture risks and opportunities.

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Microsoft's Acquisition Ambitions Exposed: Why Did Xbox Want To Buy SEGA?

Benzinga

Newly revealed evidence in the ongoing legal battle between the Federal Trade Commission (FTC) and Microsoft Corp.'s (NASDAQ: MSFT ) acquisition of Activision Blizzard Inc (NASDAQ: ATVI ) shed some light on the tech giant's strategy. Internal documents revealed Xbox's interest in acquiring Sega Sammy Holdings Inc - ADR (OTC: SGAMY ), along with a watchlist of other candidates, IGN reported.

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Valuation Multiples for a Moving Company

Peak Business Valuation

Moving companies provide moving and relocation services for individuals, governments, and businesses. These services include local, long-distance, and international shipping of used assets. According to IBIS World , there are over 17,000 moving companies throughout the country. In recent years, these businesses have generated over $21 billion dollars in sales revenue.

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Jourdan Acquires Key Claims Near Vallée and Preissac

Benzinga

TORONTO, June 27, 2023 (GLOBE NEWSWIRE) -- JOURDAN RESOURCES INC. (TSXV: JOR , OTCQB: JORF , FRA: 2JR1)) (" Jourdan " or the " Company ") is pleased to announce the purchase of 11 mineral claims located in strategic locations within or adjacent to the Company's Vallée East and Preissac properties (see Figure 1). Further to its press release dated May 23, 2023, the Company has acquired (the " First Acquisition ") six mining claims located north of Val d'Or in Quebec (the " First Claims

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Preparing for New Minnesota Laws: Earned Sick and Safe Time; Paid Family and Medical Leave

Redpath

June 23, 2023 - Minnesota Governor Tim Waltz recently signed into law the Omnibus Jobs Act which includes two provisions that will greatly affect Minnesotans and their employers. Employers should be aware that the new provisions will go into effect at different time intervals; 2024 for Earned Sick and Safe Time and 2026 for Paid Family and Medical Leave.

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TerrAscend Expands Retail Footprint In Maryland With Acquisition Of Blue Ridge Wellness

Benzinga

TerrAscend (OTCQX: TRSSF ), a leading North American cannabis operator, announced on Tuesday that on June 26 it entered into a definitive agreement to acquire Hempaid, LLC, a medical marijuana dispensary in Maryland. The transaction expands TerrAscend’s footprint to three dispensaries in the state. Blue Ridge Wellness is well-positioned to achieve substantial sales growth following the commencement of adult-use sales in Maryland, which will begin this Saturday, July 1.

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Executive Behavior Is Top Indicator of Culture Risk, 68% of Internal Audit Leaders Say

Audit Board

Findings from an AuditBoard survey of 350+ chief audit executives reveal that despite the risks posed by executive conduct, 37% of organizations do not formally assess culture. LOS ANGELES, CA - June 27, 2023 - AuditBoard , the leading cloud-based platform transforming audit, risk, and compliance management, today announced the results of their 2023 Organizational Culture and Ethics Report.

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Why American Equity Investment Life Shares Are Popping Today

Benzinga

American Equity Investment Life Holding Co (NYSE: AEL ) shares are trading higher by around 15% after the company announced it had received a $55 per share acquisition proposal from Brookfield Reinsurance Ltd (NYSE: BNRE ). The proposal represents a premium of 35% to the closing price as of June 23, 2023, and a 42% premium to the 90-day volume weighted average price (VWAP) Full story available on Benzinga.

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