Fri.Jul 01, 2022

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Perspectives Paper: Defining & Estimating Social Value

IVSC

Following the publication of our first Perspectives Paper in this series on Social Value in November 2020, the IVSC’s Social Value Working Group has issued a further paper to explore some of the issues in more detail. This second paper in the series examines whether Social Value can be a basis of value, the difference between Social Value and the Social component of ESG, and whether the existing valuation principle of highest and best use can apply to Social Assets and Social Value.

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Comment Period Reopens on Proposed Compensation Clawback Rules

Harvard Corporate Governance

Posted by Sonia Gupta Barros, John P. Kelsh, and Corey Perry, Sidley Austin LLP, on Friday, July 1, 2022 Editor's Note: Sonia Gupta Barros , John P. Kelsh , and Corey Perry are partners at Sidley Austin LLP. This post is based on a Sidley memorandum by Ms. Barros, Mr. Kelsh, Ms. Perry, and Claire H. Holland. Related research from the Program on Corporate Governance includes Rationalizing the Dodd-Frank Clawback by Jesse Fried (discussed on the Forum here ).

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E-commerce: At the center of profitable growth in consumer goods

Mckinsey and Company

Winning North American consumer goods companies are fundamentally rethinking their capabilities and operating models to meet the evolving needs of consumers and customers.

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The Proposed SEC Climate Disclosure Rule: A Comment from Former SEC Chairmen and Commissioners

Harvard Corporate Governance

Posted by Harvey L. Pitt, Kalorama Partners, LLC, on Friday, July 1, 2022 Editor's Note: Harvey L. Pitt is Chief Executive Officer at Kalorama Partners LLC, and former Chairman of the U. S. Securities and Exchange Commission. This post is based on a comment letter to the U.S. Securities and Exchange Commission by Mr. Pitt; Richard Breeden , 24 th Chairman of the U.S.

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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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FTX Bails Out BlockFi, Has Option To Purchase For Up To $240 Million: What You Need To Know

Benzinga

After numerous days of conflicting reports leaving BlockFi investors and crypto watchers on edge, company CEO Zac Prince took to Twitter on Friday to announce that FTX signed a deal to bail out the embattled crypto firm. The Numbers: BlockFi signed a definitive agreement with the Sam Bankman-Fried led crypto behemoth, FTX , that broadens the initial scope of the term sheet that was agreed to last week.

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Weekly Roundup: June 24-30, 2022

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, July 1, 2022 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of June 24-30, 2022. The Lessons Behind Women’s Gains in Board Leadership. Posted by Molly Stutzman, JUST Capital, on Friday, June 24, 2022. Tags: Board composition , Boards of Directors , Diversity , Engagement , ESG , Institutional Investors.

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The Certified Payroll Professional Corner: Penalties

ThomsonReuters

In our last edition of the Certified Payroll Professional (CPP) Corner, we talked about overtime. Important overtime happenings. As mentioned in the last edition, the U.S. Supreme Court has agreed to decide whether a supervisor of offshore oil rig workers is entitled to overtime pay under federal law even though he earned more than $200,000 a year [ Helix Energy Solutions Group Inc v.

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Market Conditions Blamed For Canceled Merger, Panera IPO

Law 360 M&A

Panera Brands Inc. and a special-purpose acquisition company backed by restaurateur Danny Meyer ended an investment deal Friday that would have supported the eatery chain's initial public offering, while another SPAC merger was also canceled, both blaming market conditions.

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Citigroup Negotiating With Local Bidders For Its Russian Operations: FT

Benzinga

Citigroup Inc (NYSE: C ) is in talks with local buyers in Russia over a potential sale of its operations in the country, the Financial Times reported , citing people familiar with the matter. The bank is in negotiations with privately-owned Russian companies, including. Full story available on Benzinga.com.

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ButcherJoseph Announces Promotion of Kevin Parker to Senior Analyst

Butcher Joseph & Co.

ButcherJoseph & Co., an investment banking firm specializing in ESOPs, sell-side and buy-side M&A, private capital sourcing, valuation advisory servic. The post ButcherJoseph Announces Promotion of Kevin Parker to Senior Analyst appeared first on ButcherJoseph & Co.

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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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Wolverine Worldwide Sells Champion Trademarks To HanesBrands For $90M Cash

Benzinga

Wolverine World Wide Inc (NYSE: WWW ) subsidiary, Keds LLC, has sold Champion trademarks for footwear in the U.S. and Canada to its longtime licensee, HanesBrands Inc (NYSE: HBI ), for $90 million in cash. Under the agreement, Wolverine Worldwide will retain a. Full story available on Benzinga.com.

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The Certified Payroll Professional Corner: Regular Rate Calculation for Overtime Purposes

ThomsonReuters

In our last edition of the Certified Payroll Professional Corner (CPP), we talked about Form I-9 (Employment Eligibility Verification). Last edition’s question. We asked: “There are three sections to Form I-9. Employers must complete and sign Section 2 of Form I-9 within a certain period of time from the date of hire (first day of work for pay) for a new employee.

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Sensata Divests Qinex Business; Eyes Funding Electrification & Insights/IoT

Benzinga

Sensata Technologies Holding PLC (NYSE: ST ) sold its Qinex semiconductor thermal test and control business to Boyd Corporation for $219 million, including a small secondary closing. Sensata's Qinex business manufactures semiconductor burn-in test sockets and thermal control solutions. Sensata plans to continue manufacturing Qinex's products via a contract.

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The Certified Payroll Professional Corner: Overtime

ThomsonReuters

In our last edition of the Certified Payroll Professional (CPP) Corner, we talked about taxable and nontaxble fringe benefits. Payroll conference guidance on fringe benefits. During one of his workshops at the American Payroll Association’s (APA) 40th annual Congress in Las Vegas, Fred Basehore, Senior Director of Payroll Tax and Compliance at Guidehouse, noted that any fringe benefit an employer provides to an employee is taxable and must be included in the recipient’s pay unless

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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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Sun Valley Conference 2022: When Private Jets Land in Small-Town Idaho

NYT M&A

Every July, as the elite Sun Valley conference kicks off, one man shepherds multimillion-dollar private planes and some of the world’s most powerful people.

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The Certified Payroll Professional Corner: Worker Status

ThomsonReuters

In our last edition of the Certified Payroll Professional Corner (CPP), we talked about penalties. We want to hear from you! This marks our eighth CPP Corner and we would be interested in receiving feedback from you about the CPP exam in general. As such, we have put together a brief survey that can be accessed here. If you have a few minutes, please click on the link and let us know what you think.

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Navigating a decade of challenges: Five winning initiatives for mining CEOs

Mckinsey and Company

Miners will need to dig deep—and not just metaphorically speaking—to boost performance and deliver value as a decade of unprecedented challenges unfolds.

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Risk Capital and Markets: A Temporary Retreat or Long Term Pull Back?

Musings on Markets

As inflation has taken center stage, markets have gone into retreat globally, and across asset classes. In 2022, as bond rates have risen, stock prices have fallen, and crypto has imploded, even true believers are questioning what the bottom for markets might be, and when we will get there. While it is easy to call the market movement in 2022 a correction and to argue that it is overdue, it is facile, and it fails to address the question of why it is happening now, and whether the correction is

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The Certified Payroll Professional Corner: Gross Ups

ThomsonReuters

In our last edition of the Certified Payroll Professional ( CPP ) Corner , we talked about the regular rate calculation for overtime purposes. Regular rate of pay for overtime. The Fair Labor Standards Act (FLSA) requires that most employees in the United States be paid at least the federal minimum wage for all hours worked and overtime pay at not less than time and one-half the regular rate of pay for all hours worked over 40 hours in a workweek.

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The Firms That Won Big At The Supreme Court

Law 360 M&A

Oral arguments at the U.S. Supreme Court are always a singular experience, the more so this term as the justices returned to hearing cases in person after being remote last term.

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The Certified Payroll Professional Corner: Involuntary Deductions

ThomsonReuters

In a previous edition of the Certified Payroll Professional (CPP) Corner, we talked about gross ups. Gross ups. In certain cases, an employer may wish to pay an employee’s federal income tax withholding (FITW) and FICA (Social Security and Medicare) taxes without deducting them from the employee’s pay or getting a reimbursement from the employee.

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The Sharpest Dissents From The Supreme Court Term

Law 360 M&A

Most of this term's U.S. Supreme Court dissents came from its left-leaning justices, who accused the conservative majority of voting politically, flouting decades of precedent and harming the legitimacy of the court itself.

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Boots left in limbo as bids fail to emerge

Financial Times M&A

UK pharmacy chain has increased market share but detractors say tired stores have dented its reputation

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Supreme Court Embraces Originalism In 'Momentous' Term

Law 360 M&A

The October 2021 Supreme Court term will be remembered as the most consequential one in generations, experts said, pointing to sweeping rulings affecting the rights of millions of Americans and establishing a new conservative vision of constitutional law.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Tweet. ASA’s CEO letter to members and friends. As we wrap up another productive fiscal year and start anew, our eyes are set on the future. I first want to congratulate our new International Officers: International President, Richard Berkemeier , ASA; International Vice President, Garrett Schwartz, ASA, CEA ; and International Secretary/Treasurer, G.

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Make Room For Serendipity In Your Legal Job Search

Law 360 M&A

Landing your dream legal job gets easier when you cultivate serendipity — which involves expanding and deepening your network, while being flexible, authentic and engaged with the world around you, says Anna Sanders at VOYLegal.

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JBT Acquires Germany-Based Food Processing Machinery Maker Alco

Benzinga

John Bean Technologies Corp (NYSE: JBT ) has acquired Alco-food-machines GmbH & Co. KG , a further food processing solutions and production lines provider, for undisclosed financial terms. Alco was founded in Bad Iburg, Germany, in 1977 based on the idea of Heinz and Gertrud Algra to make the best machines in. Full story available on Benzinga.com.

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Pro Say & The Term Discuss A Historic Supreme Court Term

Law 360 M&A

A U.S. Supreme Court term that by any measure was historic has concluded, and it takes a village of podcasters to untangle everything that happened. So this week, hosts from Pro Say team up with the hosts of The Term to discuss this momentous term.

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Blizzard Entertainment Acquires This Boston-Based Studio For Undisclosed Terms

Benzinga

Activision Blizzard, Inc's (NASDAQ: ATVI ) Blizzard Entertainment closed the acquisition of the Boston-based studio Proletariat. The financial terms of the transaction remain undisclosed. The acquisition will help better serve players in the multiplayer online role-playing game World of Warcraft. "Over the next two years, we plan to hire hundreds of the best developers to serve the needs of our World of Warcraft players.

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The Funniest Moments Of The Supreme Court Term

Law 360 M&A

While considering weighty issues, the U.S. Supreme Court justices still found moments of levity during oral arguments, ribbing one another and Justice Stephen Breyer as he floated ever more fantastical hypotheticals during his final term on the bench.

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3M Divests Neoplast, Neobun Rights, Related Assets In Thailand & Southeast Asia

Benzinga

3M Co (NYSE: MMM ) has agreed to sell its rights to the Neoplast and Neobun brands and related assets in Thailand and certain other Southeast Asia countries, including the manufacturing assets of its Ladlumkaew facility, to Selic Corp Public Company Limited. Financial terms not disclosed. Neoplast and Neobun products are. Full story available on Benzinga.com.

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Catching Up With Delaware's Chancery Court

Law 360 M&A

A rising star who once shined in the First State's court of equity was nominated for a spot on the Third Circuit last week, as her former colleagues in Delaware's Chancery Court pounded the gavel on a local abortion-related law and dismissed suits involving El Pollo Loco and the Pittsburgh Penguins.

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What Are M&A Sources of Capital?

Benchmark Report

When raising money to fund mergers and acquisitions, there are several ways that capital can be sourced. First, the financing needs to be raised with consideration of the company's operating cash flows. For example, if the business uses debt financing, it should have sufficient funds to cover the interest and repay the debt.

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Monthly Merger Review Snapshot

Law 360 M&A

The U.S. Department of Justice moved to block a defense contractor deal while the Federal Trade Commission forced the abandonment of two hospital system mergers and reached settlements with a private equity firm over a pair of veterinary chain acquisitions. Here, Law360 looks at the biggest developments in merger reviews from June.