Sun.Mar 17, 2024

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After 1576 days, DC District Court holds proxy advisor rule invalid

Harvard Corporate Governance

Posted by Cydney Posner, Cooley LLP, on Sunday, March 17, 2024 Editor's Note: Cydney Posner is Special Counsel at Cooley LLP. This post is based on her Cooley memorandum. A Federal District Court has just held invalid the SEC’s rule regarding proxy advisory firms. The case dates back to 2019(!), when ISS sued the SEC and then-SEC Chair Jay Clayton in connection with the SEC’s interpretive guidance that proxy advisory firms’ vote recommendations were, in the view of the SEC, “solicitations” und

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Nationwide faces mounting calls to give members a say on Virgin Money takeover

The Guardian M&A

Experts question if ‘bigger is better’ and whether members should be consulted on the £2.9bn deal The Nationwide building society is facing growing calls to give its 16 million members a say on its proposed £2.9bn takeover of high street rival Virgin Money in what would be the biggest UK banking deal since the financial crisis. It is just under two weeks since the building society shocked the City when it said it had reached a preliminary agreement to pay Virgin Money shareholders 220p a share,

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Private equity firms step up pursuit of white-collar partnerships

Financial Times M&A

Accounting firms, consultancies and other professional services take outside cash to fund growth

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Is a Quality of Earnings (QoE) Analysis the Same as an Audit?

Exit Strategy

Not exactly. A Quality of Earnings (commonly called a “QoE”) analysis used in mergers and acquisitions due diligence and a financial Audit serve distinct purposes. Here’s how they differ in terms of purpose, scope of work, timing and reporting: Purpose: QoE: The primary purpose of a QoE analysis is to assess the sustainability and reliability […] The post Is a Quality of Earnings (QoE) Analysis the Same as an Audit?

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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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Nationwide deal shows UK mutuals are back on the front foot

Financial Times M&A

Bid for Virgin Money comes as Labour seeks to double the size of the co-operative and mutual financial services sector

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How Corporate Insiders Perceive CEO Inside Debt

Reynolds Holding

The media often highlights hefty CEO compensation packages featuring lucrative stock grants, restricted shares, and stock options. The rationale for offering such equity-type compensation to top executives is to align the interests of managers and shareholders to mitigate agency conflicts between them. Otherwise, managers might deviate from optimal corporate strategies that maximize shareholder value.