Fri.Sep 23, 2022

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Boards Need More Women: Here’s How to Get There

Harvard Corporate Governance

Posted by Maria Castañón Moats and Shannon Schuyler, PricewaterhouseCoopers LLP, on Friday, September 23, 2022 Editor's Note: Maria Moats is Leader of the Governance Insights Center, and Shannon Schuyler is Chief Purpose and Inclusion Officer at PricewaterhouseCoopers LLP. This post is based on their PwC memorandum. Related research from the Program on Corporate Governance includes Politics and Gender in the Executive Suite (discussed on the Forum here ) by Alma Cohen, Moshe Hazan, and David Wei

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Data ethics: What it means and what it takes

Mckinsey and Company

Every company must establish its own best practices for managing its data. Here are five pitfalls to avoid based on our conversations with experts and early adopters.

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Weekly Roundup: September 16-22, 2022

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, September 23, 2022 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of September 16-22, 2022. CEO Political Leanings and Store-Level Economic Activity during COVID-19 Crisis: Effects on Shareholder Value and Public Health. Posted by John Bizjak (Texas Christian University), on Friday, September 16, 2022.

Equity 219
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To slow down attrition, pay closer attention to what workers really need

Mckinsey and Company

The Great Attrition continues, but if companies understand the differences among five common employee personas, they may be able to find and retain talent more effectively.

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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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Twitter Wants To Know If Elon Musk, Whistleblower 'Mudge' Had Previous Links As Court Trial Draws Closer

Benzinga

Delaware Chancery Court Judge Kathaleen McCormick , who is overseeing the lawsuit between Twitter, Inc. (NYSE: TWTR ) and Tesla, Inc. (NASDAQ: TSLA ) CEO Elon Musk on Thursday ruled that the billionaire can amend his countersuit to include the $7.8 million severance payment the social media company paid to whistleblower Peiter Zatko. This is considered a small victory for Musk, as Twitter went ahead and made the payment on June 28, violating the terms of the contract it signed with.

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6 Key Reasons Why M&A Deals Are Falling Apart

Law 360 M&A

In the world of mergers and acquisitions, the word "definitive" isn't always, well, definitive. Deals can fall apart for an array of reasons, even in the best of times. But currently, a confluence of economic, geopolitical and regulatory factors is leading some market players to rethink things.

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Collaborative apps: The big questions answered

Avanade

Learn how collaborative apps can help you make the most of your existing technology investments to achieve higher productivity, reduced costs and extraordinary ROI.

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A new approach to advanced analytics in utility asset management

Mckinsey and Company

Studying how one North American transmission and distribution utility’s implementation of advanced analytics in asset management can help other organizations embark on similar journeys.

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Musk Loses Bid For Privilege Waiver Amid Twitter Doc Fight

Law 360 M&A

The Delaware Chancery Court on Friday refused Tesla CEO Elon Musk's request for a "blanket" waiver of the attorney-client privilege Twitter Inc. has cited in refusing to hand over documents in litigation over Musk's attempt to get out of his $44 billion offer to buy the company.

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Green corridors could lead the way to zero-carbon shipping. But how can they become a reality?

Mckinsey and Company

A new report by the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping in collaboration with McKinsey lays out a blueprint to assess the feasibility of green corridors.

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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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AML Regulation Of Lawyers Is Imminent And Controversial

Law 360 M&A

The U.S. House of Representatives' recently passed National Defense Authorization Act subjects lawyers engaged in certain financial-related activities to anti-money laundering regulation under the Bank Secrecy Act, which could pit lawyers against clients in ways harmful to the rule of law and administration of justice, says Jeremy Glicksman at the Nassau County District Attorney’s Office in New York.

Banking 75
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Funding of emerging-technology areas pursued by nontraditional companies

Mckinsey and Company

The authors look at which types of technologies pursued by nontraditional defense contractors have received funding through US Department of Defense Other Transaction Authorities.

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Energy Management System Market Size [2022-2029] Exhibits 12.0% CAGR to Reach USD 60.54 Billion by 2029

Benzinga

Pune, India, Sept. 23, 2022 (GLOBE NEWSWIRE) -- Fortune Business Insights has published latest forecast for Energy Management System Market in their report titled, " Energy Management System Market Forecast, 2022-2029". As per the report, the global market size was USD 24.73 billion in 2021. The global Energy Management System Market size is projected to grow from USD 27.31 billion in 2022 to USD 60.54 billion in 2029 at a CAGR of 12.0% in the forecast period, 2022-2029.

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Revenue growth management: Building capabilities to sustain impact

Mckinsey and Company

Consumer companies must ensure people throughout the company have the capabilities to drive their RGM strategy and react to market shifts.

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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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French investors first in the queue at the UK’s rummage sale

Financial Times M&A

A flurry of buyers from across the Channel will be joined by dollar-rich US rivals

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Leading operating model modernization: What do transformation leaders say?

Mckinsey and Company

Leaders of agile centers of excellence came together to discuss key success factors for going agile and their conviction that doing so is the best way to safeguard the future of companies.

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Remedies for M&A Breach of Contract – The Cineplex Case

Reynolds Holding

A remorseful acquirer wants to get out of a merger or acquisition agreement. It concocts a thin justification, which a court wisely rejects, finding unlawful breach. What is the appropriate remedy for harm done to the target? While attention has focused on the controversy surrounding Elon Musk’s proposed acquisition of Twitter, this question arose in the recent Canadian decision of Cineplex v.

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Merchant acquiring at the crossroads: An industry reinvents itself

Mckinsey and Company

Once viewed as a mundane realm of payment processing, merchant acquiring in Asia is undergoing a transformation to seize the opportunities created by increased demand and digitization.

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Economic headwinds: Oil and gas sector

LaPorte

(authored by RSM US LLP) RSM examines what economic headwinds mean for the oil and gas sector, which is faring better than the overall economy. The post Economic headwinds: Oil and gas sector first appeared on LaPorte.

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Should I stay, or should I go? Australia’s nurse retention dilemma

Mckinsey and Company

One-fifth of Australia’s registered nurses say they intend to leave their current role in the next year. Avoiding major staff shortages will likely require targeted interventions from stakeholders.

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Link Group Halts Acquisition Talks With Dye & Durham

Law 360 M&A

Dye & Durham Ltd. has terminated discussions about its takeover bid for Australia's Link Group less than two weeks after a financial services regulator ordered the Canadian software company to set aside at least £306 million ($350 million) in redress if it wanted to carry out the acquisition.

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Elon Musk, Jeff Bezos & Richard Branson: Which Billionaire Will Bring The Space Race Ethos To The Cannabis Industry?

Benzinga

As billionaires like Elon Musk , Jeff Bezos and Richard Branson race for space, who will be the leaders in the nascent cannabis industry as it vaults to astronomical heights? Operators in various parts of the cannabis industry offered Benzinga their takes. Providing various responses, most focused less on the people and more so the brands and companies that could be headed to the moon, of sorts.

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Del. Court Refuses To Block Sugar Deal

Law 360 M&A

A Delaware federal judge on Friday refused to block U.S. Sugar Corp.'s $315 million acquisition of Imperial Sugar, rejecting a merger challenge from the U.S. Department of Justice over concerns about the supply of refined sugar in the Southeast U.S.

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Watch Out! This Activist Investor May Put Pressure On These 3 High-Yielding Stocks

Benzinga

Trian Partners was founded in 2005 by activist investor Nelson Peltz , who has a history of buying up shares, securing board seats and orchestrating M&A deals. With $8.5 billion in assets under management, Trian Partners owns 11% of The Wendy’s Company (NASDAQ: WEN ), where Peltz is the non-executive chairman, as well as Sysco (NYSE: SYY ) and The Madison Square Garden Entertainment Corp (NYSE: MSGE ).

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Quiet Quitting and Firing Are Two Trends Businesses Want to Avoid

ThomsonReuters

There have been several recent news and opinion articles on the topic of “quiet quitting” as of late. This is the concept where an employee merely meets the very basics of his or her job description at work. According to a September 6, 2022 post on Gallup , the global analytics and advice firm, “quiet quitters make up at least 50% of the U.S. workforce – probably more.

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Trout CPA Named One of the Best Places to Work in PA

Trout CPA

Central Penn Business Journal has named Trout CPA as one of the 2022 Best Places to Work in PA. The awards are held in partnership with Best Companies Group. Best Places to Work in PA identifies, recognizes, and honors the best places of employment in Pennsylvania in three categories: small companies (15-99 employees), medium companies (100-249), and large companies (250 or more).

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Humana, CVS Health Interested In Acquiring Primary Care Provider

Benzinga

U.S. primary care provider Cano Health Inc (NYSE: CANO ) is reportedly exploring a sale and working with advisors after receiving acquisition interest from Humana Inc (NYSE: HUM ) and CVS Health Corp (NYSE: CVS ). Hedge fund Third Point LLC , which owns 6.4% of Cano, has been pushing the company to put itself up for sale as its stock price has tumbled since it went public last year via the SPAC transaction.

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2022 Global Space Industry Report

Benchmark Report

In 2021, the global space market was valued at $388.50 billion and is expected to reach $540.75 billion by 2026. The sector has expanded by an impressive 70% between 2010 and 2020. The space economy is expected to grow at a compound annual growth rate (CAGR) of 6.84% between 2022 and 2026. Analysts also predict that the space industry will reach $1 trillion in annual revenue by the year 2040, with launch costs lowered by 95%.

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Tax-Free Income Opportunities for Individuals: How to Take Advantage

Concannon Miller

Two things in life are certain: death and taxes. While you can't live forever, there are still some ways to collect tax-free income. Here's a list of common federal-income-tax-free opportunities for individuals.

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Resort Group Lands $2.26B Valuation With GIC Partnership

Law 360 M&A

Luxury beach resort group Sani/Ikos and Singaporean sovereign wealth fund GIC announced Thursday that they would enter into a strategic partnership in which GIC will become Sani/Ikos' leading shareholder.

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Antitrust: Sharing Competitively Sensitive Information in M&A

John Jenkins

This Mintz blog provides some helpful insights on navigating the potential antitrust minefield associated with sharing competitively sensitive information with a potential merger partner. The blog points out that antitrust regulators understand the need for due diligence & don’t view information sharing between competitors in this context as per se illegal.

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Executive Order Intensifies Scrutiny Of M&A Transactions Involving Foreign Investment In The U.S.

National Law Review M&A

Clinton K. Yu Linda M. Weinberg David M. Spooner Christine J.

Banking 83
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When management fails to implement audit recommendations

Norman Marks

Last year, the Independent Casino Commission (in New South Wales, Australia) appointed Adam Bell, SC (an attorney) to lead an independent inquiry into The Star Pty Ltd. (Star Entertainment Group). The stated objective was to “assess The Star’s suitability to hold a casino licence and to examine compliance with its legal obligations. In September 2021”. […].

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‘Uli the knife’ has a plan to carve up Credit Suisse

Financial Times M&A

Plus, a French broadcaster sale reels in the billionaires

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