Mon.Oct 10, 2022

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Navigating the ESG landscape: Comparison of the “Big Three” Disclosure Proposals

Harvard Corporate Governance

Posted by Heather Horn, Valerie Wieman, and Andreas Ohl, PricewaterhouseCoopers LLP, on Monday, October 10, 2022 Editor's Note: Heather Horn, Valerie Wieman, and Andreas Ohl are partners at PricewaterhouseCoopers LLP. This post is based on their PwC memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) and Will Corporations Deliver Value to All Stakeholders?

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Top 5 Business Industries in Richmond, VA

Viking Mergers

Whether you’re buying or selling a business, it’s worth considering what’s happening in Richmond, VA, and across the Central and Southeastern Virginia regions. Many stellar colleges and universities in the area produce an incredible talent pool. The region also offers exceptional business development incentives for nearly every industry — some of the lowest rates for workers’ compensation and unemployment insurance and a low state corporate tax rate of 6%, which hasn’t changed since 1972.

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A Critical Analysis of the DOJ’s New Policy on Corporate Criminal Enforcement

Harvard Corporate Governance

Posted by J.W. Verret (George Mason University) , on Monday, October 10, 2022 Editor's Note: J.W. Verret is an Associate Professor at George Mason Law School and is Counsel at Lawrence Law LLC. The Department of Justice has once again issued a rewrite of its policy memo on corporate criminal enforcement and settlement. For the last twenty years it has become a right of passage for every new Deputy Attorney General to provide their own tweaks to the prior Deputy AG’s memo on corporate settlements

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The "IT Proposition" of Valuation

Startup Valuation Blog

One of the most critical sentences in company valuation, yet one of the least known, is the "IT Proposition of Valuation". What does the "IT proposition" mean, and how does it affect company valuation? Prof. Damodaran from New York University formulated the IT proposition. It was framed due to different theories claiming that factors affect a company's value in a certain way.

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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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SEC charges executives with insider trading—10b5-1 plan provided no defense

Harvard Corporate Governance

Posted by Cydney S. Posner, Cooley LLP, on Monday, October 10, 2022 Editor's Note: Cydney S. Posner is special counsel at Cooley LLP. This post is based on her Cooley memorandum. Related research from the Program on Corporate Governance includes Insider Trading via the Corporation (discussed on the Forum here ) by Jesse M. Fried. It may look like just another run-of-the-mill insider trading case, but there’s one difference in this settled SEC Enforcement action: according to the SEC, it involv

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Elon Musk: Twitter Ordered Whistleblower To Eliminate Critical Evidence After Failing 'To Buy His Silence'

Benzinga

Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk reportedly accused Twitter Inc (NYSE: TWTR ) of asking whistleblower Peiter "Mudge" Zatko to destroy evidence just before he reinstated his offer to purchase the social media platform. What Happened: Zatko, a former head of security at Twitter, said he burned 10 handwritten notebooks and deleted 100 computer files at the urging of managers as a part of his separation deal, court filings seen by Bloomberg reveal.

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Digital twins: The foundation of the enterprise metaverse

Mckinsey and Company

Companies can leverage digital twins in a way that delivers significant value today—while building the engine for the enterprise metaverse of tomorrow.

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Old-School vs. New Small Business Practices - What Works Best For You

BV Specialists

As a small business owner, I receive dozens of email “come-ons” every month advising me of wonderful new marketing, accounting, hiring practice methodologies, or related services that are supposed to increase my company’s effectiveness and efficiencies, leading to a healthier bottom line. Personally, I have never followed up with any of these places, however, that doesn’t mean some may provide a useful service for my company.

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Building a cybersecurity culture from within: An interview with MongoDB

Mckinsey and Company

MongoDB’s security champions program leadership team discusses how cybersecurity training can create a company-wide culture that prioritizes security and encourages employees to get involved.

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Qatar expands football interests after buying stake in Portuguese team

Financial Times M&A

Deal with SC Braga marks first move into multi-club ownership for state fund that owns Paris Saint-Germain

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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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Emerging from disruption: The future of pharma operations strategy

Mckinsey and Company

To maintain profitable and resilient operations, CEOs and COOs of pharma companies may need to make bold changes to their operations strategy as the industry navigates new challenges.

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SEC Chair Gensler Warns About Conflicts of Interest

Machen McChesney

Securities and Exchange Commission (SEC) Chair Gary Gensler spoke during a recent webcast to commemorate the 20-year anniversary of the Sarbanes-Oxley Act. Gensler recommended that the SEC take a “fresh look” at its rules on the issue of auditor conflicts of interest. He also asked the Public Company Accounting Oversight Board (PCAOB) to add auditor independence standards to its 2023 agenda.

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Renault/Nissan: rare opportunity to reshape troubled alliance

Financial Times M&A

French group needs support for restructuring plan, giving Japanese partner stronger bargaining chips

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AI in biopharma research: A time to focus and scale

Mckinsey and Company

By focusing on specific scientific and operational pain points and fully integrating AI into research workflows, biopharma companies can deliver greater patient impact and significant value.

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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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Aero Wing Market Size to Hit USD 20.35 Billion by 2028 | Aero Wing Industry Striking Growth in Belgium, United Kingdom, Japan, China, and ROW

Benzinga

Pune, India, Oct. 10, 2022 (GLOBE NEWSWIRE) -- The global aero wing market size is projected to reach USD 20.35 billion by 2028, exhibiting a CAGR of 8.98% during the forecast period. This information is shared by Fortune Business Insights in its report, titled "Aero Wing Market, 2021-2028". As per the report, the market value was estimated to stand at USD 12.52 billion in 2020.

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Getir in exclusive talks to rescue rapid delivery rival Gorillas

Financial Times M&A

Start-ups hope to close deal next month but due diligence is still at an early stage

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Present company included: Prioritizing mental health and well-being for all

Mckinsey and Company

A McKinsey Health Institute survey across 15 countries highlights how employers can make mental health a reality, especially for young workers.

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M&A advisers: tight money leaves specialists starved of deals

Financial Times M&A

Boutique dealmakers are feeling the impact of scarce transaction fees

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The 8 Steps to Scoping a Fair Lending Compliance Exam

N Contracts

When it comes to fair lending exams, surprises aren’t fun. What will the examiners look at? How do they decide what to cover?

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From Antler Motel to the House of Representatives

Auto Dealer Valuation Insights

The Wall Street Journal recently published an article on the life of entrepreneur Clarene Law. Clarene was a mother and a hotel bookkeeper in Wyoming’s Jackson Hole valley in the 1960s. Which led to a problem – who would take care of the kids? This question led her down the path of starting a family business. After hearing the Antler Motel was for sale, she borrowed money from her parents and put.

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2022 Global Business Analytics Industry Report

Benchmark Report

The global business analytics market was valued at $76.5 billion in 2021 and is forecast to reach $122.5 billion by 2027, growing at a compound annual growth rate (CAGR) of 8.1%.

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How to choose a brand name now that you won't regret later

Vested

Wouldn’t it be great if there was somewhere you could go to find the perfect name for your business? Like Starbucks and a name generator all wrapped in one, where you could order the perfect thing?

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Delivery Startup Getir Eyes Acquiring Gorillas

Benzinga

Istanbul-based delivery startup Getir is in advanced talks to buy rival Gorillas Technologies GmbH. The proposed deal would be a mix of cash and equity, Bloomberg reported. The combination would give Getir, backed by Mubadala Investment Co and Sequoia Capital , scale in key European markets, including the U.K. and Germany. Gorillas, which last raised funds at a $3.

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Benchmark International Facilitated The Transaction Between Neil Dornbusch And Associates And Anderson Process

Benchmark Report

The seller, Neil Dornbusch and Associates, located in New Prague, Minnesota, has been providing pumping and fluid handling solutions since 1988. They fabricate and custom-build food processing plants, specializing in sanitary and stainless-steel applications. They also assist with the design of fluid handling systems.

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Considerations for Clear Communication During Open Enrollment

Trout CPA

In today’s labor market, benefits can be a valuable tool for employers to retain talent. Employers may feel that they are preparing employees for open enrollment by only offering the necessary information right before the open enrollment process. But a recent report from the Life Insurance Marketing and Research Association (LIMRA) showed a significant lack of understanding of the benefits being offered.

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Summary Judgment in Lieu of Complaint Meets Business Divorce

Farrel Fritz

For most business divorce litigants, a dispositive win on the merits, even in a summary proceeding, can take years. Appraisal proceedings following a cash-out merger, for example, may involve multiple years of difficult financial and expert appraisal disclosure before the case reaches trial. Just days ago, though, New York County Commercial Division Justice Andrew S.

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Becca Hrubochak Receives PICPA's 2022 Young Leaders Award

Trout CPA

We are pleased to announce that Becca Hrubochak, CPA, a Manager at Trout CPA, has received the Pennsylvania Institute of Certified Public Accountants (PICPA)'s 2022 Young Leaders Award. The award recognizes professionals under the age of 40 who demonstrate a commitment to the accounting profession through active PICPA or community volunteer activities.

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Pervasip & Artizen Owners Announce New Acquisition & 4M In New Revenues

Benzinga

Pervasip Corp. (OTC: PVSP ), together with Zen Asset Management LLC , announced on Monday the execution of a letter of intent to acquire substantially all of the assets of BCCTG LLC. BCCTG, owner of various brands, including Emerald City Cultivation, Emerald City Cured, Dabco, Dabs4Less and Vapes4less has agreed to terms to be acquired by ZAM, c ombining its brands and concentrate offerings with ZAM’s Artizen brands to form a powerful portfolio of brands, covering flower, pre-roll, dabbabl

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Stock Repurchasing and Corporate Social Responsibility

Reynolds Holding

Stock repurchases are popular. Between January 2009 and 2018, S&P 500 firms spent $4.3 trillion to buy back their shares, which is significantly more than these firms spent on dividend payments to their shareholders (Lazonick, Sakinç, and Hopkins, 2020). Stock repurchases are also controversial. Skeptics argue that, contrary to what managers claim, repurchasing isn’t done to buy undervalued stocks but to benefit the managers themselves.

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Maximize internal audit’s impact

Norman Marks

There’s an interesting article published by the International Federation of Accountants (IFAC), We need to Maximize Internal Audit’s Impact. It is based on the results of a survey by the UK’s Chartered Institute of Public Finance and Accountancy (CIPFA) of internal auditors in the public sector. While it might appear that the results would only […].

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Cryogenic Equipment Market Size Worth USD 32.86 Billion, Globally, by 2028 at 8.9% CAGR

Benzinga

Pune, India, Oct. 11, 2022 (GLOBE NEWSWIRE) -- The global Cryogenic Equipment Market was USD 18.06 billion in 2021. The global market size is expected to be gain momentum by reaching USD 32.86 billion by 2028, exhibiting a CAGR of 8.9% during the forecast period from 2021-2028. This information is provided by Fortune Business Insights, in its report, titled, "Cryogenic Equipment Market, 2021-2028.".

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Alaska Airlines Fights Virgin's $160M Bid For US Brand

Law 360 M&A

Lawyers for Alaska Airlines told a judge on Monday that the company is under no obligation to pay Virgin up to $160 million under a trademark licensing agreement after wiping out the Virgin America brand following a merger.

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Switchgear Market Size Worth USD 170.40 Billion, Globally, by 2027 at 6.6% CAGR

Benzinga

Pune, India, Oct. 11, 2022 (GLOBE NEWSWIRE) -- The global Switchgear Market was USD 105.43 billion in 2019. The global market size is expected to gain momentum by reaching USD 170.40 billion by 2027, exhibiting a CAGR of 6.6% during the forecast period from 2021-2027. This information is provided by Fortune Business Insights, in its report, titled, "Switchgear Market, 2021-2027.".

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Who owns London’s most expensive home?

Financial Times M&A

Plus, EY finds itself caught up in another potential scandal and Tiger bets on private equity

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