Tue.Aug 22, 2023

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2023 S&P 500 New Director and Diversity Snapshot

Harvard Corporate Governance

Posted by Julie Daum, and Ann Yerger, Spencer Stuart, on Tuesday, August 22, 2023 Editor's Note: Julie Daum is a Leader, North American Boards Practice, and Ann Yerger is a Corporate Governance Advisor at Spencer Stuart. This post is based on their Spencer Stuart memorandum. Related research from the Program on Corporate Governance includes Politics and Gender in the Executive Suite (discussed on the Forum here ) by Alma Cohen, Moshe Hazan, and David Weiss; Will Nasdaq’s Diversity Rules Harm

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Director Discusses Several Considerations Involved When Taking A Business Global

ThomsonReuters

Audio streaming and media services provider Spotify was founded in Stockholm, Sweden in the spring of 2006 and launched in the United States in 2011 after already solidifying a presence in the United Kingdom, Germany, France, Italy, Spain, Finland, and Norway. The company’s expansion continued rapidly with a global reach to 65 countries by March 2018 and further expansion to more than 80 markets in 2021, including locations across Africa, Asia, and the Caribbean.

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Inside the IFRS S1 and S2 Sustainability Disclosure Standards

Harvard Corporate Governance

Posted by Susan Mac Cormac, Alfredo Silva, and Oluwabamise Onabanjo, Morrison Foerster LLP, on Tuesday, August 22, 2023 Editor's Note: Susan H. Mac Cormac and Alfredo B. D. Silva are Partners and Oluwabamise Onabanjo is an ESG Analyst at Morrison & Foerster LLP. This post is based on their Morrison & Foerster memorandum. 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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Todd Harrington Named to CPBJ's Power List

Trout CPA

The Central Pennsylvania Business Journal (CPBJ) has just unveiled its annual Power List for Banking, Finance, Accounting, and Wealth Management , and we are thrilled to announce that Trout CPA's Managing Partner, Todd Harrington, CPA, CVA, CGMA , has earned a well-deserved spot on this prestigious list. This recognition is a testament to Todd's exceptional leadership, expertise, and influence in shaping our communities and driving positive change in the financial world.

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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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The SEC’s Money Market Fund Reforms

Harvard Corporate Governance

Posted by Brenden P. Carroll, Stephen T. Cohen, and Devon M. Roberson, Dechert LLP, on Tuesday, August 22, 2023 Editor's Note: Brenden P. Carroll and Stephen T. Cohen are Partners and Devon M. Roberson is an Associate at Dechert LLP. This post is based on a Dechert memorandum by Mr. Carroll, Mr. Cohen, Mr. Roberson, Jonathan Blaha , Kathleen Hyer , and Austin G.

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Trout CPA Welcomes Five New Associates

Trout CPA

We are pleased to announce that five former accounting interns have accepted full-time positions as Associates which will assist with tax and assurance services.

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FRP advises on Inspirit Capital’s Aquest investment

Accountancy Today

FRP’s debt Advisory team has supported private equity firm Inspirit Capital on its investment in Aquest, a leading human capital services business, in a corporate carve-out from Capita Plc. Aquest comprises the Capita businesses previously known as Capita HR Solutions, Capita Resourcing, and ThirtyThree. Following completion, Capita HR Solutions will be rebranded as Conexia and Capita Resourcing will be rebranded as Peregrine.

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The state of diversity in global private markets: 2023

Mckinsey and Company

Private equity firms and institutional investors have intensified their focus on gender and ethnic diversity, but the road ahead remains long.

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The red flags surrounding Arm’s IPO

Financial Times M&A

Plus, Microsoft-Activision Blizzard make a big concession and the SEC’s brewing crackdown on private capital

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The McKinsey Crossword: McKinsey Summer Reading Guide | No. 142

Mckinsey and Company

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

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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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Engineer Wood Group lifts guidance after ‘significant contract wins’

Financial Times M&A

Move comes despite UK oil engineering company posting 26% fall in first-half operating profits

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Valuation Multiples for a Laundromat

Peak Business Valuation

Businesses in the laundry industry provide laundry and dry cleaning services to consumers. Typically, this involves providing laundry and dry cleaning machines that are coin or smart-card-operated. In recent years, the laundry industry has experienced a slight decline. This is a result of various factors such as rising electricity prices, intense competition, and poor economic conditions.

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2024 Strategic Planning: A Comprehensive Guide from Industry Professionals

Rhythm Systems

Planning for the future is essential for any organization to thrive and succeed. But with the ever-evolving business landscape, how can you ensure your strategic planning efforts are effective and comprehensive?

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Understanding Startup Valuation: A Guide for Investors and Venture Capitalists

RNC

Equity valuation holds significance. It is a tool used by investors, decision makers and financial professionals to evaluate the worth of a company and gauge the potential profitability of investments. However, like any tool, equity valuation models present their fair share of challenges and limitations. In this blog post, we will delve into the balance, between precision and practicality, in equity valuation.

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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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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

PT-305 Photo Credit: The National WWII Museum New Orleans Did you know that ships from prior decades may still be afloat or on display somewhere in the world? While ship lovers may believe that every historic vessel is priceless, the real-world value is less sentimental about their value. Expertise on this thought was recently shared by ASA member Norm Laskay , an accredited senior appraiser specializing in marine surveys, in an article published in PowerShips Summer 2023 by the Steamship Histor

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Navigating the Estate Tax Horizon

Auto Dealer Valuation Insights

Looking for a golden opportunity? A recent series of articles from the Wall Street Journal suggests that one exists, but time is of the essence. There is an urgency to consider a range of estate tax strategy options in order to maximize gifting family wealth rather than family drama. The options range from straightforward gifts to heirs, accelerated gifting, use of irrevocable trusts.

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Is Owning a Business the Right Choice for You?

Hallmark Brokers

Becoming a business owner is a dream many nurture, envisioning independence, creativity, and financial prosperity. However, business ownership comes with challenges and rewards, like any worthwhile endeavor. Before leaping into entrepreneurship, it’s crucial to ask yourself, “Is business ownership right for me?” Pros of Business Ownership This section will delve into the advantages of owning.

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Leaning in: how startups can be more female-friendly

Vested

The tech industry is a dynamic and ever-evolving field, offering immense opportunities for innovation and growth. However, it's no secret that the sector has been predominantly male-dominated.

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Trout CPA Named Best Accounting Firm by CPBJ Readers

Trout CPA

We are immensely grateful and deeply honored to share the wonderful news: Trout CPA has been named the Best Accounting Firm in the 2023 CPBJ Reader Rankings by the esteemed readers of the Central Penn Business Journal. Additionally, we are thrilled to announce that we have secured a place in the top three for the Mergers & Acquisitions and Consulting Firm category.

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Benchmark International Again Among The Leaders In 2023 Pitchbook M&A Rankings

Benchmark Report

Benchmark International is proud to be recognized again as one of the most active leaders in the M&A industry by Pitchbook , the leading resource for comprehensive data, research, and insights spanning global capital markets.

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The Microsoft platform: A Swiss army knife of cybersecurity

Avanade

Prioritize investments in the cybersecurity solutions and people needed to create a fast, safe, and unobtrusive environment with the power of the Microsoft Platform.

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Why the path of global wealth and growth matters for strategy

Mckinsey and Company

There are four plausible scenarios for how global economics might unfold in the next decade. Here’s how companies can chart a course.

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23andMe: DNA testing kit company needs drug discovery

Financial Times M&A

Money for research will be required but salvation may come from a partnership with GSK

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Microsoft Offers U.K. Changes to Activision Deal

NYT M&A

An acquisition that once faced long odds now appears to be on a path toward approval.

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Teva Pharma: generics titan attempts to put the stopper in legal problems

Financial Times M&A

Drugmaker enters into deferred prosecution agreement with the US Department of Justice over criminal price-fixing scandal

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Fiduciary Duties: Blasius Lives on as “Blasius Minus”?

John Jenkins

Last month, I joined the chorus of commenters who proclaimed the death of the Blasius v. Atlas Industries ” standard of review after the Delaware Supreme Court’s decision in Coster v. UIP Companies, (Del.; 7/23).

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Expert or Arbitrator? Resolving Purchase Price Adjustment Disputes

National Law Review M&A

Stephen R.

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Shareholders (and ISS) Won Big With Universal Proxy Card in 2023

Reynolds Holding

Now that proxy season has wrapped up, we thought we’d look back at the experience with universal proxy card (UPC). Overall, shareholders expressed their preferences in BoD elections with precision. Proxy advisors, in particular ISS, saw their recommendations win in almost every proxy contest. As you might recall, we followed the development of UPC in the past several months – see below for earlier posts tracking various proxy contests during the year.

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7 tips for developing a great team culture

JPAbusiness

A good team or business culture is hard to codify or document, but you can definitely feel it. The infographic below features my top 7 tips for developing a great culture within your team. And a quick note: even if you're not the 'designated leader' in your team, you can still influence its culture. You simply need to practise these seven actions, in your own way and in your role, to help build a positive culture.

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Do Corporations Care about ESG Ratings?

Reynolds Holding

While environmental, social, and governance (ESG) ratings provide useful information to stakeholders, it’s unclear whether firms care about them. On the one hand, ESG activities may not align with the traditional goal of maximizing shareholder wealth. Further, ESG ratings often disagree, so much so that firms may disregard them. Finally, the number of ESG raters has swelled to over 100 in recent years, so the ratings of any single one may be immaterial.

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