Tue.Nov 28, 2023

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Strengthening pay practices

Harvard Corporate Governance

Posted by Will Arnot, Diligent Market Intelligence, on Tuesday, November 28, 2023 Editor's Note: Will Arnot is Senior Editorial Specialist at Diligent Market Intelligence (DMI). This post is based on DMI’s recent special report, Investor Stewardship 2023. Related research from the Program on Corporate Governance includes Stealth Compensation via Retirement Benefits and Paying for long-term performance (discussed on the Forum here ) both by Lucian Bebchuk and Jesse M.

Equity 152
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Automating your way to success: How automation can help relieve accounting staff shortages

ThomsonReuters

Jump to: Reflect on your current tax workflow Use automation to boost staff engagement and retention Unlock growth opportunities With staffing shortages of epic proportions, the accounting industry is facing a crossroads. In recent years, more tax professionals have exited the industry than entered it, which presents the potential for detrimental effects across the business and financial world.

Start-ups 112
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Comment on Another ‘Bad’ Word to Avoid! by Bill Johnson

Appraisers Blog

A fellow appraiser sent me the following which was in an order she did not accept. Of note, the fee was $225 and the turn time was 3 days. Scary that for $225 these AMC’s/lenders want a drive-by appraisal with the promise to be an expert witness in the future. Please copy this URL into your browser to see Stewart Valuation Intelligence’s Best Practices and First Impression expectations: FHA Order Number: – Bankruptcy or foreclosure assignment may require the appraiser as an exp

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Fraud Management in Banking

N Contracts

Risk Management and Fraud in Banking: An Overview Fraud is a consistent problem for financial institutions, threatening them and their consumers. In 2022, the Federal Trade Commission (FTC) rep orted that consumers lost an estimated $8.8 billion to fraud – a 30% rise from the previous year. The number of cases has only increased in 2023.

Banking 96
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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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Carter Carburetor Hiked Prices, Walbro Blamed, Court Hears

Law 360 M&A

First Brands Group upped prices and canceled orders as soon as its subsidiary Carter Carburetor closed the deal for Walbro LLC's engine management division, then left executives at Walbro to mollify irate customers without letting them reveal who bought the company, the executives told Delaware's Court of Chancery on Tuesday.

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The secrets of outperforming family-owned businesses: How they create value—and how you can become one

Mckinsey and Company

Family-owned businesses that combine four critical mindsets with five strategic actions have a chance to quadruple their value in the next decade—while maintaining resilience.

Equity 96

More Trending

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Knowledge and patience key to winning customers (and catching fish!)

JPAbusiness

I don’t know about you guys, but I really need to take more time to go fishing. I’m certainly not an expert, but one thing I do know is that knowledge and patience is more important to being a successful fisherman than size of the bait. A knowledgeable fisherman – or woman – studies the weather, tides and currents, time of day and locations where fish are best found.

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What your most important investors need to know

Mckinsey and Company

Investor relations strategy should prioritize long-term investors who are the true owners of your company.

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VMware’s $92bn sale showers cash on Michael Dell and Silver Lake

Financial Times M&A

Investors’ decade-old deal pays off in ‘one of the huge private equity successes’

Equity 110
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The 2023 Law360 Pulse Leaderboard

Law 360 M&A

Check out the Law360 Pulse Leaderboard to see which first-in-class firms made the list this year.

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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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Benchmark International Successfully Facilitated the Transaction Between Blue Octopus HR & Recruitment Limited/Blue Octopus Recruitment Limited and IRIS Software Group Limited

Benchmark Report

Benchmark International is pleased to announce the acquisition of both Blue Octopus HR & Recruitment Limited and Blue Octopus Recruitment Limited ( Blue Octopus ), by IRIS.

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Adobe's $20B Figma Deal Faces UK Regulatory Hurdle

Benzinga

The U.K. Competition and Markets Authority (CMA) has provisionally concluded that Adobe Inc's (NASDAQ: ADBE ) proposed $20 billion acquisition of Figma could harm innovation in software used by U.K. digital designers. Also Read: EU's Antitrust Warning Looms Over Adobe's $20B Figma Takeover Bid: Report The CMA's detailed Phase 2 investigation suggests the deal might reduce competition in product-design software, stifle.

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Benchmark International Successfully Facilitated The Transaction Between QT Industries, LLC (DBA QT Manufacturing) And KB Components

Benchmark Report

Benchmark International is pleased to announce the transaction between QT Industries, LLC and KB Components. This transaction signifies a strategic expansion for the team at KB Components and further establishes their foothold in their geographic area.

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Everything everywhere all at once: North American asset management 2023

Mckinsey and Company

Recent market stresses have accelerated the industry’s transformation, and new opportunities lie ahead for asset managers in a world of disruption.

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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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Ferrovial Sells £2.4B Stake In Heathrow To Ardian, Saudi

Law 360 M&A

Infrastructure giant Ferrovial has announced a deal to sell its entire 25% stake in the parent company of London's Heathrow Airport for £2.4 billion ($3 billion) to French private equity investor Ardian and Saudi Arabia's sovereign wealth fund.

Equity 52
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Why ESG Risks Pose a Challenge for Internal Audit

Audit Board

Within the intricate web of global supply chains, we encounter a multitude of risks - reputational, legal and compliance, environmental sustainability, and climate change - all deeply intertwined with business continuity, and all magnified by the pandemic and global conflicts. These elements create a dynamic landscape where supply chain-related ESG risks have the potential to impact organisations on multiple fronts.

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Software Firm Veea To Go Public In $281M SPAC Merger

Law 360 M&A

"Edge computing" software firm Veea Inc. and special-purpose acquisition company Plum Acquisition Corp. I on Tuesday unveiled a merger agreement that would take Veea public at an estimated $281 million value, guided by Ellenoff Grossman & Schole and Hogan Lovells.

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David LaMonte, CFA Joins Mercer Capital’s Dallas Office

Auto Dealer Valuation Insights

Mercer Capital, a national business valuation and financial advisory firm, is pleased to announce that David LaMonte, CFA has joined the firm’s Dallas office as a Vice President. The firm also has offices in Houston, Memphis, and Nashville. David has over 12 years of business valuation experience. He provides valuations in support of financial reporting requirements, and consulting and other.

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Law Firm Leaders Cautiously Optimistic Heading Into 2024

Law 360 M&A

Major U.S. law firms are steadfast in their commitment to the pursuit of further growth despite ongoing economic uncertainty. Here’s what the leaders of four Leaderboard firms have to say about how the legal industry is preparing for next year.

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Boosting In-House Expertise: Canada Goose Acquires Romanian Partner To Enhance Knitwear Production

Benzinga

Canada Goose Holdings Inc (NYSE: GOOS ) has acquired the operating assets of Paola Confectii Manufacturing. The financial terms were not dislcosed. The acquisition marks the company's first European facility, expanding existing categories. Based in Romania, Paola Confectii has been a partner for Canada Goose since its launch in 2017, producing. Full story available on Benzinga.

Equity 52
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Sens. Question Anesthesia Co.'s 'Monopolistic' Model

Law 360 M&A

Sens. Elizabeth Warren and Richard Blumenthal have asked the CEO of U.S. Anesthesia Partners to rethink its "monopolistic business model" and its use of noncompete agreements among doctors.

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Accenture Invests In AI Talent: Adds Ammagamma To Strengthen European AI Capabilities

Benzinga

Accenture Plc (NYSE: ACN ) has agreed to acquire Ammagamma, an Italy-based firm that helps companies enhance their uses of AI and generative AI technologies. The terms of the transaction have not been disclosed. The acquisition is a part of Accenture's investment of $3 billion to boost clients' transformation through the large-scale application of AI.

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UK Antitrust Agency Vet Rejoins As Merger Chief

Law 360 M&A

The U.K.'s Competition and Markets Authority announced Tuesday that a former senior mergers official will be rejoining the agency to lead that division after nearly two years with strategic regulatory advisory firm Fingleton.

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SBA Loans for Metalworking Machinery Manufacturing Businesses

Peak Business Valuation

Businesses in the metalworking machinery manufacturing industry create tools for finishing and shaping metal parts. These parts are then used to manufacture other machines such as metal cutting tools, fabricating machines, coil handling equipment, etc… According to IBIS World , there are around 6,000 metalworking machinery manufacturing businesses across the United States.

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Fajr Capital-Led Consortium Paying $1B For Aster's Gulf Biz

Law 360 M&A

An Allen & Overy-advised consortium led by Dubai-based Fajr Capital has agreed to acquire 65% of hospital chain Aster DM Healthcare's Gulf Cooperation Council business for $1 billion, Fajr said Tuesday.

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UK warns Adobe’s $20bn deal for Figma would harm competition

Financial Times M&A

Competition and Markets Authority says merger threatens rivals in product design software, image editing and illustration

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UK Says Adobe's $20B Figma Deal Could Harm Digital Design

Law 360 M&A

The Competition and Markets Authority said Tuesday that Adobe's proposed $20 billion deal for design collaboration company Figma Inc. could harm innovation in software used by digital designers in the U.K.

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Permira selects banks for Golden Goose IPO

Financial Times M&A

Listing of luxury trainer brand in Milan could come as soon as the first half of 2024

Banking 78
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FounderMetrics: Simon Paine

Vested

Simon Paine joins Ifty Nasir for FounderMetrics episode five. Uncover the Rebel Business School journey from unconventional beginnings to changing lives.

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K?etínský pushes French retailer Casino to offload stores before bailout

Financial Times M&A

Carrefour and Lidl among those seeking to buy hypermarkets from indebted group built by Jean-Charles Naouri

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Private Equity: Family Offices Stay Bullish on PE Funds & Direct Investments

John Jenkins

Family offices have become increasingly important players in the space traditionally occupied by private equity and venture capital funds. According to a recent Citi Private Bank Global Family Office Survey, family offices’ interest in participation in private equity through funds and direct investments remains strong despite economic uncertainties.

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Atos in talks to change terms of K?etínský deal for IT services unit

Financial Times M&A

News of move by indebted French group in negotiations with Czech billionaire follows S&P credit rating downgrade

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The McKinsey Crossword: B&W Series | No. 156

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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Saudi PIF and Ardian to buy 25% stake in Heathrow airport for £2.4bn

Financial Times M&A

Ferrovial selling holdings after 17 years

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