Tue.Nov 08, 2022

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Crafting the ‘G’ in ESG: Accountability in the Boardroom

Harvard Corporate Governance

Posted by Amma Anaman, Helle Bank Jørgensen, and Chantal Wessels, Nasdaq, Inc., on Tuesday, November 8, 2022 Editor's Note: Amma Anaman is Associate General Counsel and Legal Relationship Manager, Helle Bank Jørgensen is CEO of Competent Boards, and Chantal Wessels is Vice President, Head of Global Reporting and Corporate ESG at Nasdaq, Inc. This post is based on a publication by the Nasdaq Center for Board Excellence.

Banking 260
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Startup Valuation: navigating opportunity

Equidam

“Every number in your valuation has to have a story that’s attached to it. And every story you tell me about a company has to have a number attached.”. This quote, from Aswath Damodaran , Professor of Finance at the Stern School of Business at New York University, is one of the more fundamental truths about valuation. With any product that you might consider buying, ‘story’ is a crucial component of that decision.

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Trending Sources

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Establishing Norms for Director Behavior to Enhance Board Culture and Effectiveness

Harvard Corporate Governance

Posted by Holly J. Gregory, Sidley Austin LLP, on Tuesday, November 8, 2022 Editor's Note: Holly J. Gregory is a Partner and co-chair of the Global Corporate Governance practice at Sidley Austin LLP. This post is based on her Sidley memorandum. Board culture—the shared values, beliefs, assumptions, and expectations that influence behavior in the boardroom—plays a considerable role in the board’s ability to govern in an effective and efficient manner.

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Four key capabilities to strengthen a fraud management system

Mckinsey and Company

In the face of new fraud methods and increasing incidence of fraud, companies must continually identify and address vulnerabilities. Success will require core capabilities in four areas.

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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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Governance and the Decoupling of Debt and Equity: The SEC Moves

Harvard Corporate Governance

Posted by Henry T. C. Hu (University of Texas), on Tuesday, November 8, 2022 Editor's Note: Henry T. C. Hu is the Allan Shivers Chair in the Law of Banking and Finance at the University of Texas Law School. This post is based on his recent paper , forthcoming in Capital Markets Law Journal, and is part of the Delaware law series ; links to other posts in the series are available here.

Equity 200
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Fashion-forward in the metaverse

Mckinsey and Company

Irene-Marie Seelig, co-founder and CEO of AnamXR, says the metaverse is tailor-made for fashion brands looking to help people clothe their digital personas. An edited version of the conversation from our ‘Value creation in the metaverse’ report follows.

More Trending

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Prioritizing brain health: Scaling what works to add years to life and life to years

Mckinsey and Company

How many more years can be spent in optimal health if our society viewed mental and substance-use disorders as we do other conditions? The McKinsey Health Institute and the Healthy Brains Global Initiative collaboration sought to answer this question through a series of interactives.

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Musk sells almost $4bn worth of Tesla shares after Twitter deal closes

Financial Times M&A

Billionaire has unloaded nearly $20bn worth of stock in carmaker since announcing $44bn takeover of social media platform

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A new approach to fighting fraud while enhancing customer experience

Mckinsey and Company

Fraud has escalated as digital adoption has increased. The situation requires that organizations simultaneously combat fraud and provide customers with a seamless digital experience.

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Binance to Buy FTX in Megadeal of Crypto Exchanges

NYT M&A

Binance, the world’s largest cryptocurrency exchange, said it had reached a deal to buy FTX, amid fears the industry could enter another meltdown.

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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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Binance To Acquire FTX.com As It Faces 'Liquidity Crunch': Here Are The Early Details

Benzinga

Two of the leading cryptocurrency companies are merging in a deal announced Tuesday. Here are the early details. What Happened: The overall cryptocurrency market capitalization dropped on Tuesday on the heels of Binance selling its position in the FTX token (CRYPTO: FTT ). The price of FTT significantly dropped over the last 24 hours and led to many of the top cryptocurrencies like Bitcoin (CRYPTO: BTC ) and Ethereum (CRYPTO: ETH ) falling.

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Cerberus in line for historic windfall from Albertsons supermarket deal

Financial Times M&A

Mounting opposition threatens $12bn payout for investor group that built US grocery empire

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5 things I learned about leadership from Malala Yousafzai

Avanade

Ruth Rowan, Avanade CMO, shares 5 takeaways from her recent conversation with Malala Yousafzai.

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Control Of Congress Too Close To Call

Law 360 M&A

Control of both chambers of Congress remained up for grabs as of early Wednesday morning, with both the House and the Senate too close to call amid unexpectedly strong Democratic performance across the country.

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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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Jim Cramer Is Bullish On Cannabis Stocks Ahead Of Midterm Elections: 'I Say Buy Tilray'

Benzinga

Mad Money host Jim Cramer said last week during a Lightning Round segment that now is a good time to invest in Tilray. Responding to a caller who asked when was the right time to get back in cannabis stocks - now or after the midterms? Cramer replied without hesitation. "Now." “I’ll tell you why now. Because, I don’t know if you saw that opioid settlement, but all that could have been avoided if this country had just been open-minded to cannabis.

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How technology has impacted accounting—from compliance to strategy

ThomsonReuters

How has technology impacted accounting? From increasing accuracy to optimizing tax workflow to freeing up time for more value-added activities, technology has transformed the accounting industry—for the better. Accounting firm technology trends. Automation. Today, automation is the name of the game. For accounting firms in particular, the automation of day-to-day accounting activities can not only save time and increase revenue but can also boost staff engagement levels.

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The McKinsey Crossword: Non-Gray Anatomy | No. 101

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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Binance to buy FTX in major cryptocurrency exchange merger

The Guardian M&A

Public squabble between the two largest offshore exchanges’ bosses led to run on FTX and forced sale The two largest offshore cryptocurrency exchanges are merging, after a week of public squabbling between Binance’s chief executive, Changpeng Zhao, and FTX’s boss, Sam Bankman-Fried, triggered a bank run at the latter’s exchange and an embarrassing forced sale on Tuesday.

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Why information technology is important to accountants

ThomsonReuters

This profound shift has created a pathway to improving operational efficiency, seamlessly achieving compliance, and fostering more meaningful relationships with clients. . Today’s accountants must not only be up to date on the latest tax regulations, but also understand accounting technology and how it can be leveraged to boost efficiency, accuracy, and productivity.

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Regulatory Brief for October 2022: CFPB continues rulemaking while fending off legal challenges & regulators getting serious about “unfair” fees and expanding the Durbin amendment

N Contracts

Keeping up with regulatory change is a full-time job. That’s why Ncontracts has a team of regulatory attorneys and certified compliance professionals dedicated to making sure we have the latest, most-up-to-date information on regulations, guidance, and which way the regulatory winds are blowing.

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Brookfield quits insurer’s board in dispute over Josh Harris’s venture

Financial Times M&A

Former Apollo executive’s 26North to manage funds for American Equity Investment Life

Equity 97
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Avenue Therapeutics Buys Baergic Bio, Beefs Up Central Nervous System-Focused Portfolio

Benzinga

Avenue Therapeutics Inc (NASDAQ: ATXI ) acquired Baergic Bio Inc pursuant to the previously disclosed Share Contribution Agreement with its parent company, Fortress Biotech Inc (NASDAQ: FBIO ). Founded in December 2019, Baergic Bio focuses on developing a pharmaceutical product for CNS disorders. Its pipeline currently includes a single compound, BAER-101, an oral.

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From Courts To Polls: BigLaw Turns Out To Protect The Vote

Law 360 M&A

Dozens of BigLaw firms, including Reed Smith LLP, Latham & Watkins LLP and Simpson Thacher & Bartlett LLP, turned out to protect voting rights in the midterm elections by manning voter hotlines on Tuesday and taking charge of high-stakes litigation.

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Accounting Technology: What it is and how it works

ThomsonReuters

As companies emerge from the COVID-19 pandemic and face subsequent challenges resulting from The Great Resignation, technology has emerged as a necessity for small and large businesses alike. From enabling online ordering to facilitating remote work to overcoming labor shortages, technology can streamline accounting processes , improve the customer experience, and help scale businesses—even amidst a challenging backdrop.

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Microsoft Faces EU Probe Of $69B Activision Blizzard Deal

Law 360 M&A

Europe's competition enforcement agency announced an in-depth investigation into Microsoft's proposed $68.7 billion buyout of Activision Blizzard on Tuesday, citing concerns that the deal could reduce competition for video games and personal computer operating systems.

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XPO’s Brad Jacobs on building businesses through M&A

Mckinsey and Company

Having done hundreds of deals, the leader of the logistics company explains what he’s learned matters most when making acquisitions.

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Will accounting be automated? Yes, but it makes the job more interesting.

ThomsonReuters

How is accounting automated? Accounting automation involves streamlining accounting processes and standardizing tax inputs and workflows using technology. The result is more accurate results in less time. And in today’s “do more with less” environment, the boost in time savings and accuracy couldn’t be more important. . At face-value, automating accounting can be a scary thought: robots can do it better?

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25 AGs Ask Calif. Court To Back FTC Against Meta VR Merger

Law 360 M&A

A bipartisan group of 25 attorneys general asked a California federal court on Monday to block Meta's proposed purchase of virtual reality company Within while the deal faces anticompetitive claims from the Federal Trade Commission.

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Saudi Arabia bankrolls KKR-led bid for €15bn Vodafone towers business

Financial Times M&A

Consortium on course to seal deal this week after beating competition from Spain’s Cellnex

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How Civilian Attorneys Can Help Veterans

Law 360 M&A

With legal aid topping the U.S. Department of Veterans Affairs' annual list of unmet needs of veterans facing housing insecurity, nonmilitary volunteer attorneys can provide some of the most effective legal services to military and veteran clients, say Anna Richardson at Veterans Legal Services and Nicholas Hasenfus at Holland & Knight.

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Inside FTX’s $32bn collapse

Financial Times M&A

Plus, Carlyle’s fumbled succession comes in a fundraising slowdown

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DC Judge Won't Block Albertsons' $4B Shareholder Payout

Law 360 M&A

A D.C. federal judge refused Tuesday to temporarily block Albertsons' planned $4 billion payment to shareholders, concluding the dividend is separate from Kroger's proposed $24.6 billion purchase of the company and thus cannot be an anticompetitive agreement, in a decision that spells trouble for any direct merger challenge.

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What’s Hot on Checkpoint for Payroll and Benefits Professionals?

ThomsonReuters

In this edition, we take a look at the new 1099 filing platform, WARN laws, and annual cost-of-living adjustments to key figures. Please note that access to the resources below requires a Checkpoint subscription except as otherwise stated. Not yet a subscriber? Sign up for a free 7-day trial today! New 1099 Filing Platform to Launch in 2023. Who needs to know : Payroll professionals, payroll departments, tax departments, third-party payroll providers.

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What CEOs Really Get Paid under Long-term Incentive Plans

Reynolds Holding

U.S. public firms increasingly use long-term performance-based plans to compensate CEOs. Under these plans, CEOs are expected to receive different levels of pay based on how the firm performs relative to various performance goals over multi-year periods. For example, Tesla gave Elon Musk a controversial pay package in 2018 with an initial estimated value of $2.6 billion and a potential payout of over $50 billion.