Harvard Corporate Governance

JUNE 9, 2023

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, June 9, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of June 2-8, 2023. Environmental, Social Policy & Related Corporate Governance Issues in Proxy Season 2023 Posted by Heidi Welsh, Sustainable Investment Institute, on Friday, June 2, 2023 Tags: anti-ESG , Climate change , corporate sustainability , Disclosure , equity , fair pay , Proxy season , Risk , so

Equity 219

Equity Finance 219

BVR

JUNE 9, 2023

One element of a valuation report that can be incredibly confusing is the market approach, which is required in every business valuation. Luckily for us, the field guide is here to demystify it for us!

Business Valuation 100

Business Valuation Marketability 100

Meade & Moore

JUNE 9, 2023

Back in October, we touched on the question of “What’s taking so long to get my ERC Refund?”. At that time, the backlog of unprocessed filings was around 200,000. Here we are over 7 months later, and that backlog has ballooned to almost 1,000,000! IRS Commissioner Werfel has committed to increasing the number of claims processed per week from 20,000 to 50,000 to try and work through this backlog, but there hasn’t been definitive process made up to this point.

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ThomsonReuters

JUNE 9, 2023

In today’s rapidly changing business environment, firms need to stay on top of their audit compliance. As disruptive technologies and new regulations are constantly emerging, it can be difficult for businesses to remain compliant. In this blog post, we’ll provide some tips on how to ensure your firm is audit compliant and up to date with the latest industry changes.

Compliance 98

Compliance Technology 98

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.

Marketability

Benzinga

JUNE 9, 2023

Visa Inc (NYSE: V ) is in advanced talks to acquire Pismo , a Brazilian cloud-based payment and banking platform provider. The American multinational financial services firm could announce a deal by June, Bloomberg cites familiar sources. Mastercard Inc (NYSE: MA ) and Visa were among the. Full story available on Benzinga.

Banking 97

Banking Technology 97

ThomsonReuters

JUNE 9, 2023

The accounting industry is seeing significant attrition among LGBTQ+ professionals Research commissioned by the Institute of Management Accountants (IMA), the California Society of CPAs (CalCPA), and the International Federation of Accountants (IFAC) revealed a surprising number of LGBTQ+ accountants are leaving their profession. This is a unique development when compared to other underrepresented identities, as it has not been seen in such numbers before.

Accounting Firms 98

Accounting Firms Data Analysis Compliance Finance 98

Appraisers Blog

JUNE 9, 2023

In reply to Robert jones. Robert, I think it is important to separate individual bias vs systemic bias. I wholeheartedly agree that systemic bias as defined by the dictators of fact does not currently exist, nor has it for quite some time. However, bias did exist prior to the mid 70’s, if only because of zoning and lending guidelines that had to be “followed” by appraisers at that time (I am a 3rd gen appraiser so its not even a debate, my father and gfather both talked about h

Appraisal 98

Appraisal 98

Global Finance

JUNE 9, 2023

Global Finance Magazine - Profit overrides principle with the recent PGA-LIV Golf& deal; expect more M&A in sports and other sectors.

Finance 88

Finance 88

Appraisers Blog

JUNE 9, 2023

Thanks for the article, Jonothan. You bring up many good points… points that the industry needs to consider. I want to understand more what this means… Bias and unconscious bias exists in our industry. We took an oath as appraisers to have NO BIAS… USPAP. Personally, I have no clue what it means to be bias nor has it ever affected my appraisal opinions…EVER.

Appraisal 98

Appraisal 98

Financial Times M&A

JUNE 9, 2023

Move by Lloyds to put debt-laden media group into receivership ends two decades of family’s ownership

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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

Corporate Finance

Law 360 M&A

JUNE 9, 2023

Europe's competition enforcer has conditionally approved media conglomerate Vivendi's proposed acquisition of Lagardere, months after opening a probe into competition concerns about the deal's impact on celebrity magazines and French-language book publishing.

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N Contracts

JUNE 9, 2023

Two years after it was first proposed , the Interagency Guidance on Third-Party Relationships: Risk Management has been finalized. This n ew vendor management guidance from the federal regulatory agencies aligns vendor management requirements among the Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve and replaces existing guidance.

Banking 67

Banking 67

Mckinsey and Company

JUNE 9, 2023

Limited engineering and construction capacity could challenge America’s ability to quickly grow renewables. To win in an undersupplied market, renewables players can rethink project delivery.

Marketability 65

Marketability 65

Appraisers Blog

JUNE 9, 2023

In reply to Kathleen Hoey. Mr. Miller, It’s wonderful to hear of your pride of having Grandchildren. look forward to having GREATS. I had a different beginning than most appraisers today, I began as a hireling to help with the scut work for a small multi appraisal office. My 2 Boss’s pride sustained all in the office and encouraged all of us to seek recognition thru our work.

Appraisal 75

Appraisal 75

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.

Marketability

Mckinsey and Company

JUNE 9, 2023

With the focus on CX gaining momentum in medtech, companies can look to more mature industries to develop a stellar experience that boosts stakeholder satisfaction and business returns.

Marketability 62

Marketability 62

Appraisers Blog

JUNE 9, 2023

Thank you for all you do Jonathan, but a little criticism. Without context, why would you state in part, “Bias and unconscious bias exist in our industry”? I’m afraid no matter what else you said, the powers that be will only hear that line and move forward with their agenda. Truth be told, a percentage of teachers (male & female) are pedophiles, a portion of any government is corrupt, and select people regardless of their chosen profession can be racist.

Appraisal 75

Appraisal 75

Financial Times M&A

JUNE 9, 2023

Canadian investment group plans to combine Network International with former First Abu Dhabi Bank unit Magnati

Banking 77

Banking 77

Appraisers Blog

JUNE 9, 2023

I’m personally struggling with this. I want to become a Certified General, but can’t locate anyone in my neighboring larger cities, Portland or Seattle to take me on. On flip side, I’m not willing to take on any trainees because I don’t want to share my income to train them when the leave. I would be fullish to assume any trainee would stay under me when when simple math shows the earn potential out on your own.

Appraisal 75

Appraisal 75

Mckinsey and Company

JUNE 9, 2023

To succeed, incumbent organizations need to take five actions as they scale their product and platform model transformations.

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Appraisers Blog

JUNE 9, 2023

Before the existence of the AMC’s, I was trained and paid over two years by a large local appraisal firm who reviewed and approved my work before sending it out. I was paid a decent wage once I knew what I was doing. That two year mentorship was key to my gaining the knowledge and skills needed to be a competent appraiser. With the creation of the AMC’s who now regularly take half the fee upfront, no one can afford to take on a trainee and the banks won’t accept their work.

Appraisal 75

Appraisal Banking 75

LaPorte

JUNE 9, 2023

Addressing growing health care services needs could mean looking to the technology sector for solutions. The post As physicians are strained by surging demand, AI may provide relief first appeared on LaPorte.

Technology 52

Technology 52

Appraisers Blog

JUNE 9, 2023

Wow. I’m almost at a loss for words. Jonathan, as the only appraiser speaking at that hearing, you carried the weight of representing our profession as a whole. I’m sad to say that you missed the opportunity to actually speak on our behalf. Truth be told, I feel “thrown under the bus.” You had the chance to educate those unfamiliar with what Professional Appraisers do.

Appraisal 75

Appraisal 75

LaPorte

JUNE 9, 2023

In our latest financial services update, we take a look at the upcoming launch of the Federal Reserve's instant payment system, banking results for Q1 2023 and disruption in the reinsurance sector. The post Financial services update: FedNow, banking results, reinsurance disruption first appeared on LaPorte.

Banking 52

Banking 52

Appraisers Blog

JUNE 9, 2023

Was taken off an approved list of a major lender back in the 2008 housing boom/crash for two or three appraisals that the lender has fields reviews performed. Thankfully the lender sent me the reviews for me to review. I found so much wrong with each review that the had no choice but to reinstate me to their list.

Appraisal 75

Appraisal 75

Auto Dealer Valuation Insights

JUNE 9, 2023

The May 2023 SAAR was 15.1 million units, a decrease of 6.5% from last month but an increase of 19.6% from this time last year. Last month also marks the tenth straight month of year-over-year improvements in the SAAR, highlighting almost a full year of rising tides in national auto sales. On an unadjusted basis, May 2023’s sales were up 22.8% from this time last year and are much closer to pre.

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Appraisers Blog

JUNE 9, 2023

Thank you for at least trying to help. Granted your points are your own and i for one do not share your view. Appraisal bias does not exist, never did, and can never be proven. Its a recent buzz word that certain groups trot out when they feel they have been wrongfully treated An appraisal is never right or wrong. It is either well supported or not.

Appraisal 75

Appraisal 75

Auto Dealer Valuation Insights

JUNE 9, 2023

In the 1970s, Ferdinand Porsche surmised that his eponymous sports car company had developed its iconic model, the 911, as far as it could go. Buyers seemed to want a more powerful and refined car, and a new incarnation of their rear-engine, rear-wheel drive products wouldn’t fit that bill. To get there, they introduced the 928, the company’s first grand touring layout, first V-8 engine.

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Valutico

JUNE 9, 2023

Philip Morris International Inc. Weekly Valuation – Valutico | June 9, 2023 Link to the analisys About the company Philip Morris International, headquartered in New York, is one of the leading global tobacco companies, known for its premium portfolio of products.The company boasts five of the top 15 cigarette brands globally, including the #1 brand, Marlboro.

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Market Capitalization 52

Law 360 M&A

JUNE 9, 2023

Ascensus told the First Circuit that a competitor in the college savings industry was "grasping at straws" to get a second chance to prove the company lied about development plans for a mobile app to trick it into entering a meager settlement, only to release an app 13 months later.

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Peak Business Valuation

JUNE 9, 2023

The tax preparation industry has experienced healthy growth. In recent years, it has generated over $14 billion dollars in revenue. Over the next several years, IBIS World predicts a steady revenue increase to over $15 billion dollars. This is due to improving economic conditions and technological advancements. In addition, we can expect an increase in disposable income and corporate profit.

Business Valuation 52

Business Valuation Appraisal EBITDA Fair Market Value 52

Benzinga

JUNE 9, 2023

Kennedy-Wilson Holdings Inc (NYSE: KW ) disclosed the acquisition of the first tranche of a loan portfolio from Pacific Western Bank for $1.6 billion. The deal is part of the previously announced acquisition of a $5.7 billion loan portfolio from Pacific Western Bank, a subsidiary of PacWest Bancorp (NASDAQ: PACW ). The off-market transaction will add over $2 billion to fee-bearing capital and boost KW's debt investment platform.

Banking 52

Banking Marketability Equity 52

Peak Business Valuation

JUNE 9, 2023

When purchasing , selling , or financing a business involving agricultural machinery and equipment, it is essential to start by obtaining a farm equipment appraisal. Peak Business Valuation is a reputable provider of such appraisals, offering a comprehensive and precise evaluation of your assets’ value. In this article, we explore how Peak conducts farm equipment appraisals.

Appraisal 52

Appraisal Business Valuation Fair Market Value Compliance 52

Benzinga

JUNE 9, 2023

TerrAscend Corp. (OTCQX: TRSSF ) (CSE:TER) announced that on June 7, 2023 it entered into a definitive agreement to acquire Derby 1, LLC (d/b/a “ Peninsula Alternative Health ”), a medical dispensary in Maryland. The transaction will add a second dispensary to the company’s Maryland footprint in advance of adult-use sales, which will begin on July 1, 2023.

Marketability 52

Marketability 52

Benchmark Report

JUNE 9, 2023

The staffing industry has experienced steady growth over the past decade, which expects to continue in the foreseeable future. The lower middle market is an ideal space for mergers and acquisitions in the staffing sector, as this industry segment typically comprises small and medium-sized businesses. For staffing companies in this market, selling to a more prominent firm can offer a range of benefits.

Marketability 52

Marketability 52