Thu.Oct 20, 2022

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2022 Annual Corporate Directors Survey

Harvard Corporate Governance

Posted by Maria Castañón Moats, Paul DeNicola, and Leah Malone, PricewaterhouseCoopers LLP, on Thursday, October 20, 2022 Editor's Note: Maria Castañón Moats is Leader, Paul DeNicola is Principal, and Leah Malone is Managing Director at the Governance Insights Center at PricewaterhouseCoopers LLP. This post is based on their PwC memorandum. Introduction.

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On the cusp of a new era?

Mckinsey and Company

Current economic and political turbulence could presage the start of a new era that is structurally very different with a new narrative of progress.

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Chancery Court Finds Conflicted Controller Spinoff Met MFW Prerequisites

Harvard Corporate Governance

Posted by Gail Weinstein, Steven J. Steinman, and Randi Lally, Fried, Frank, Harris, Shriver & Jacobson LLP, on Thursday, October 20, 2022 Editor's Note: Gail Weinstein is Senior Counsel, and Steven J. Steinman and Randi Lally are Partners at Fried, Frank, Harris, Shriver & Jacobson LLP. This post is based on a Fried Frank memorandum by Ms. Weinstein, Mr.

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Can Participants Certify Electronically That They Have a Financial Need for Which a Hardship Distribution Can Be Made?

ThomsonReuters

QUESTION: When participants request hardship distributions under our 401(k) plan, we collect and store documents showing that the participant had one of the immediate and heavy financial needs that are deemed sufficient to permit a hardship distribution. Could we instead allow participants to certify their needs electronically? We already use self-certification to establish that the requested distribution is necessary to satisfy the need.

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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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IPO Readiness: IPO Equity Awards

Harvard Corporate Governance

Posted by Mike Kesner, Jonah Saraceno and Tara Tays, Pay Governance LLC , on Thursday, October 20, 2022 Editor's Note: Mike Kesner and Tara Tays are Partners, and Jonah Saraceno is a Consultant at Pay Governance LLC. This post is based on their Pay Governance memorandum. Introduction. As we continue our IPO-related Viewpoint series, we note the marked reduction in the number of traditional or SPAC-related initial public offerings (IPO) in 2022 when compared to 2021 IPO-activity.

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Social capital: Build back better relationships at work

Mckinsey and Company

Companies are reporting a dearth of social capital since the start of the pandemic. How can they reestablish meaningful connections among teams and individuals in today’s changed work environments?

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More Trending

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What's The Primary Skill To Bring To Your Annual Planning Session? Active Listening!

Rhythm Systems

Active listening skills are more critical than ever, especially as we head into the annual planning season. When we pause to think strategically about the business and spend our valuable time and resources to bring people together, we need that time to be productive. If you haven't cultivated a culture of active listening, that essential time may be wasted!

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Public's M&A Comments Hold Clues For Agency Guidelines

Law 360 M&A

Analysts at Cornerstone Research analyze nonpractitioner responses to the Federal Trade Commission and U.S. Department of Justice's request for input on merger enforcement, and share how their findings — including high interest in health care and Big Tech — can help legal practitioners anticipate the new guidelines' content.

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IRS Releases 2023 Cost-of-Living Adjustments for Health FSAs, Transportation Benefits, Adoption Assistance, and More

ThomsonReuters

Rev. Proc. 2022-38 (Oct. 18, 2022); IRS News Release IR-2022-182 (Oct. 18, 2022). Rev. Proc. 2022-38. News Release. The IRS has released the 2023 cost-of-living adjustments (COLAs) for a wide variety of tax-related limits, including limits relating to health FSAs, qualified transportation fringe benefits, qualified small employer health reimbursement arrangements (QSEHRAs), adoption assistance, DCAPs, the small business health care tax credit, the premium tax credit, and Archer MSAs.

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Ncontracts Recognized for Culture Excellence by Top Workplaces

N Contracts

BRENTWOOD, Tenn., October 20, 2022 – Ncontracts , the leading provider of integrated compliance and risk management solutions to the financial industry, announced today that it has been nationally recognized by Top Workplaces for its Culture Excellence Award.

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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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Building a mentally resilient workforce

Mckinsey and Company

As mental health and well-being becomes an even more pressing topic after the pressures of the COVID-19 pandemic, organizations are looking for ways to boost resilience in their people.

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German coalition divided over sale of port terminal stake to China’s Cosco

Financial Times M&A

Greens and FDP urge chancellor not to repeat ‘mistakes of the past’ by selling Hamburg infrastructure to Chinese company

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Grow or exit? Overcoming the scale trap in life insurance closed books

Mckinsey and Company

The COVID-19 pandemic has exacerbated challenges for insurers in continental Europe. M&A deals with closed-book players can help insurers continue to create value.

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The Appraisal Problem

Appraisers Blog

Gone are the days of hiring a professional appraiser to solve the appraisal problem. For decades lenders have taken on the responsibility of shaping the appraisal process and dictating the solutions to the appraisal problem. Savvy appraisers push back in a positive fashion to try and enable the lender to receive a report that not only meets USPAP, FIRREA, Fannie Mae, or HUD/FHA/VA an UAD reporting guidelines, but also provides the client with a report that is clear, concise, accurate and not mis

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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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U.S. Details How It Plans to Police Foreign Firms

NYT M&A

A government committee issued new guidelines for how it determines penalties for foreign companies that break agreements to protect U.S. national security.

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FTC Says Meta 'Buries' VR Fitness Data In Merger Suit

Law 360 M&A

Meta buried data useful to a federal challenge of the company's purchase of app developer Within Unlimited in a much larger set of information, the Federal Trade Commission said in a California federal court filing as the agency and the Facebook successor traded barbs over discovery.

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Philip Morris increases offer for Swedish Match

Financial Times M&A

Cigarette maker boosts price it is prepared to pay for smokeless tobacco specialist to $15.

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The gathering storm: The threat to employee healthcare benefits

Mckinsey and Company

US inflationary pressures could significantly raise annual employer healthcare costs and impact vulnerable household finances.

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New-Parent Attorneys Need Automatic Litigation Stays

Law 360 M&A

To facilitate parental leave for solo practitioners and small-firm attorneys excluded from the Family and Medical Leave Act's protections, the American Bar Association should amend its rules to implement automatic litigation stays for attorneys welcoming a new child, says attorney Gabriel Levy.

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EU lawyer deals blow to telecoms dealmaking hopes in Europe

Financial Times M&A

Advocate general backs Brussels in examination of decision to block proposed £10.

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SSA Announces Social Security Taxable Wage Base for 2023

ThomsonReuters

SSA Press Release: Social Security Announces 8.7 Percent Benefit Increase for 2023 (Oct. 13, 2022). Available at [link]. The Social Security Administration (SSA) has announced the annual cost-of-living adjustment to the maximum amount of earnings subject to Social Security tax (i.e., the taxable wage base). For 2023, that amount will be $160,200 (up from $147,000 for 2022).

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Goldman alums team up to cater to the super-rich

Financial Times M&A

Plus, Elliott fights to get a tobacco deal over the line and antitrust enforcer Jonathan Kanter stays true to his word on private equity

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Track Progress and Get Visibility with Value Scout’s Weekly Check-In

Value Scout

Working with a large staff can be difficult, especially in an all-virtual environment. Even if you don’t have a big staff, it can be hard to keep up with everyone’s progress on a weekly basis (let alone at all!). If you’re creating annual or quarterly plans for your own company or for your clients, you most likely create your initiatives and do-outs as a result of those plans.

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Are Your Written Lending Policies Keeping Pace with the Economic Environment?

N Contracts

The lending market is constantly evolving. After years of record-high mortgage volume, mortgage applications are down. Rising interest rates are increasing demand for riskier home loans. Many fear a recession is coming.

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Nursing Home Partners Clash Over Joint Venture Contracts

Law 360 M&A

The 50/50 partners of a joint venture that runs a West Coast chain of skilled nursing facilities squared off against each other in Delaware's Court of Chancery Thursday, with each citing contradictory forum selection provisions and conflicting language in overlapping contracts as proof that they should prevail in their control dispute.

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Privacy and Cybersecurity Due Diligence Considerations in M&A Transactions

Deal Law Wire

Privacy and cybersecurity practices of target companies are being increasingly scrutinized throughout the due diligence process in M&A transactions. Particularly, buyers want to understand the risk and value inherent in sellers’ data assets and sellers want to manage transactional and post-closing risks. In the course of their privacy and cybersecurity due diligence, buyers should consider the following when assessing the risks associated with purchasing a company: First, how robust are the

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2 Firms Steer $425M SPAC Deal With Chilean Fruit Exporter

Law 360 M&A

Chilean producer and exporter of berries and cherries Prize will go public in a SPAC merger with Rose Hill Acquisition Corp. at a value of approximately $425 million, with legal guidance from Greenberg Traurig LLP and Paul Hastings LLP, the companies announced Thursday.

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Whose job is it to raise funds at a startup?

Vested

Startups can be fantastically diverse; from fintech to food services to innovations in medicine that save lives. New businesses pop up all the time and each one has its own unique take on how to fill the gaps they see in the world. But no matter what their industry, one fact is universal: every startup needs money and that money has to come from somewhere.

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Odyssey Investment Partners Buys Magna Legal Services

Law 360 M&A

Magna Legal Services has a new parent company after private equity firm Odyssey Investment Partners LLC acquired the litigation support services provider from CIVC Partners LP on Wednesday.

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Chris Mercer to Speak at ASA Live Web Event

Auto Dealer Valuation Insights

Christopher Mercer, FASA, CFA, ABAR is speaking online in the upcoming webinar of the American Society of Appraisers on October 25th at 12 pm CDT. The two-hour live event will award two CE/CPE hours and is specially designed for business appraisers, business owners, and attorneys involved in the drafting or execution of buy-sell agreements. Chris will co-present with ASA member Jeffrey S.

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7 Ways To Prepare For An Easy Retirement With A Budget In Place

Financial Analyst Insider

When it comes to retirement, everyone has an idea of what that looks like. For some, the thought of retirement conjures up images of endless. The post 7 Ways To Prepare For An Easy Retirement With A Budget In Place appeared first on Financial Analyst Insider.

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Do you know about the Taxpayers Bill of Rights?

Henry Horne

There is an independent organization within the IRS that protects taxpayers’ rights by making it their goal to ensure that all taxpayers are treated fairly and have an understanding of their rights under the Taxpayer Bill of Rights. The organization is called Taxpayer Advocate Service. Don’t miss: Update to inherited IRA rules What is the … Keep Reading.

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Car Financing Or Leasing: How To Buy Your Dream Car?

Financial Analyst Insider

You’ve finally saved up enough money to buy your dream car. But should you finance it or lease it? It’s a tough decision, but don’t. The post Car Financing Or Leasing: How To Buy Your Dream Car? appeared first on Financial Analyst Insider.

Finance 52
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Year end tax planning for restaurant owners

Henry Horne

The end of the year can be a great time for restaurant owners. With family in town, many people will venture out to their favorite restaurants as opposed to making a big meal in their own kitchen, which can be great for business. The end of the year is also a great time for business … Keep Reading. The post Year end tax planning for restaurant owners appeared first on Henry+Horne.

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