Wed.Dec 07, 2022

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Universal Proxy, Increased Activism and Director Vulnerability

Harvard Corporate Governance

Posted by Rusty O’Kelley, Rich Fields, Russell Reynolds Associates, on Wednesday, December 7, 2022 Editor's Note: Rich Fields leads the Board Effectiveness practice and Rusty O’Kelley co-leads the Board and CEO Advisory Partners in the Americas at Russell Reynolds Associates. This post is based on their Russell Reynolds memorandum. Related research from the Program on Corporate Governance includes Universal Proxies (discussed on the Forum here ) by Scott Hirst.

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How retailers in Europe can navigate rising inflation

Mckinsey and Company

With inflation at record highs throughout Europe, retailers are under more pressure than ever. Those that act quickly and follow a holistic playbook can be well positioned to thrive.

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Mutual Fund Performance at Long Horizons

Harvard Corporate Governance

Posted by Hendrik Bessembinder (Arizona State University), Michael Cooper (University of Utah), Feng Zhang (Southern Methodist University), on Wednesday, December 7, 2022 Editor's Note: Michael J. Cooper is Huntsman Chair in Finance at the University of Utah David Eccles School of Business; Hendrik Bessembinder is Labriola Chair in Finance at Arizona State University W.P.

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Building a creator economy

Mckinsey and Company

Marc Petit, Vice President of Unreal Engine Ecosystem at Epic Games, is optimistic about the promise of the metaverse, which he says will depend on real-time streaming of interactive, 3D content. An edited version of the conversation from our ‘Value creation in the metaverse’ report follows.

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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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Corporate Governance & Executive Compensation Survey

Harvard Corporate Governance

Posted by Richard Alsop, Doreen Lilienfeld, Gillian Moldowan, Shearman & Sterling LLP, on Wednesday, December 7, 2022 Editor's Note: Richard Alsop , Doreen Lilienfeld , and Gillian Moldowan are Partners at Shearman & Sterling LLP. This post is based on a Shearman & Sterling piece by Mr. Alsop, Ms. Lilienfeld, Ms. Moldowan and Lona Nallengara and is part of the 20th Annual Corporate Governance Survey publication of Shearman & Sterling LLP.

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Pixels of Progress: A granular look at human development around the world

Mckinsey and Company

Our world is big and complex, but human progress is still about life on the ground, up close and in detail.

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More Trending

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2023 McKinsey China Consumer Report: A Time of Resilience

Mckinsey and Company

Five trends are reshaping China’s consumer market.

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What to Do if Your CFO or Controller Leaves

Machen McChesney

A leadership departure in your accounting department can create turmoil, at least temporarily. However, it also provides an opportunity to assess the department’s performance and create a vision for its future performance. Here are four questions to address if your CFO or controller leaves.

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Pixels make the picture: A guided tour through the granular world

Mckinsey and Company

Our granular dataset offers a dramatically different view of human development around the world, uncovering the true depth and breadth of progress in places previously obscured by country averages.

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Turkey's MNG Airlines To Go Public Through SPAC Merger

Benzinga

MNG Airlines , a logistics and transport company, is going public through a merger with a blank-check company Golden Falcon Acquisition Corp (NYSE: GFX ). Turkey's MNG Airlines will be listed on the New York Stock Exchange (NYSE) under the new ticker symbol "MNGA." The transaction is expected to have a pro-forma enterprise value of $676.

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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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Effective employee resource groups are key to inclusion at work. Here’s how to get them right

Mckinsey and Company

By aligning their work with corporate and employee expectations, employee resource groups can help people feel more included in the workplace.

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EXCLUSIVE: Where Will The Next 1 Billion New Crypto Users Come From, Following FTX Disaster? Okcoin, CoinFlip Execs Have An Idea

Benzinga

Okcoin COO Jason Lau, CoinFlip CTO Rory Herriman and Columbia University Lab to Market Blockchain Accelerator advisor Art Malkov discussed the path to onboard the next one billion global cryptocurrency users at the Benzinga Future of Crypto Conference in New York on Wednesday. Herriman said the key to increasing mainstream crypto use is accessibility.

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Uneven impacts: Australian consumers and inflation

Mckinsey and Company

Barely out of the disruptions of COVID-19, the Australian consumer has hit new turbulence in the form of significant inflation, mortgage rate rises, and energy price spikes driven (in part) by unstable geopolitical circumstances.

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T-Mobile Says Suit Challenging $26B Merger Lacks Standing

Law 360 M&A

T-Mobile has urged an Illinois federal judge to permanently toss out a group of non-customers' lawsuit blaming the company's $26 billion merger with Sprint for price increases they experienced two years later, arguing that they have no standing and can't plausibly link their increases to the merger.

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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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Romanian consumers in budget squeeze as they adapt to increasing uncertainty

Mckinsey and Company

Romania’s consumer confidence is among the lowest in the region. Coupled with historically high inflation and the war in neighboring Ukraine, this lack of confidence is having a significant impact on purchasing habits. McKinsey’s Consumer Sentiment Survey, conducted in November 2022, found Romanians are changing their behavior to adapt to these concerns.

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Fosun-owned Lanvin’s future hangs by a thread

Financial Times M&A

Spac plan for company comes as Chinese group struggles to tackle its debt pile

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The execution imperative for European consumer-goods companies

Mckinsey and Company

Our latest survey reveals the critical sales and marketing practices that help consumer-goods companies achieve commercial excellence and deliver profitable growth.

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General Electric’s long fall

NYT M&A

The breakup of General Electric is a story of hubris and a humbling.

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A miracle of widespread progress: A 20-year journey of health and income

Mckinsey and Company

By 2019 3.5 billion people, close to half of the world’s population, lived in microregions with living standards equivalent to the top 21 percent in 2000.

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Tech M&A Outlook: What Types of Deals are Getting Done?

National Law Review M&A

Louis Lehot Brandee L.

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China times two: The worldwide spread of progress

Mckinsey and Company

Among the 2 billion people in microregions that newly achieved high living standards over the past 20 years, 1.1 billion lived in China—and almost a billion more lived in microregions spread across 75 countries.

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Meta Can't Toss Advertiser's 'Monopoly Broth' Suit

Law 360 M&A

A California federal judge on Tuesday denied a bid by Meta to dismiss a lawsuit by advertisers accusing the company of monopolizing online social media advertising, finding that the complaint's allegations of a "monopoly broth" of anticompetitive conduct are sufficient to move forward.

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Mozilla’s Mark Surman: Let’s make AI as trustworthy as seatbelts

Mckinsey and Company

The Mozilla Foundation’s president explains that creating trustworthy AI products not only is ethically urgent but can also pay off in company profit and customer value.

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Health Co. Inks $4M Deal To End Suit Over Hemp Co. Buyout

Law 360 M&A

A proposed class of investors has brokered a deal with Neptune Wellness Solutions Inc. that would see the company pay either $4 million in cash or a mix of cash and stock that's valued slightly higher to end claims it downplayed the risks of acquiring a hemp company.

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Never stop: Progress in health and wealth at the top

Mckinsey and Company

In microregions that had high living standards in 2000, the vast majority of people increased GDP per capita and extended their life expectancy. Living standards declined rarely and in places often only identifiable through a microregional lens.

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The basics of Foreign-Trade Zones (FTZs). What are they?

ThomsonReuters

In the ongoing race to reduce costs and optimize operational efficiency, more U.S. companies are taking advantage of a perk available to them courtesy of the Foreign Trade Zones Act of 1934. What is a Foreign-Trade Zone? Foreign-Trade Zones (FTZs) are specially designated sites near U.S. ports of entry that allow importers and exporters of all sizes to move goods in and out of the country paying reduced or no customs duties, taxes, or fees.

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The last frontier: Development where it is needed most

Mckinsey and Company

The number of people in microregions with low health and income fell by three quarters over the past 20 years. Most of the remaining microregions were in sub-Saharan Africa, but progress was substantial there, too.

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Angels and Devils: The Early Crypto Entrepreneurs

Reynolds Holding

After the collapse of FTX and a summer of crypto failures (Terra Luna, Celsius, Three Arrows), the Securities and Exchange Commission (SEC) will want to act quickly and treat more digital assets as “securities.” But which ones? In a new article, I attempt an answer by re-interpreting the Howey test for determining what is an “investment contract” and thus a security.

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India’s shifting automotive procurement mandate

Mckinsey and Company

Automotive procurement in India must undergo a strategic redesign as players struggle with emerging challenges.

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The Connected Risk Journey: How to Discover Risk When and Where It Really Matters

Audit Board

2023 is shaping up to be a pivotal year for business leaders. On your connected risk journey, careful planning and guidance from audit, risk management, and compliance professionals are essential for business success when facing risk challenges such as digital transformation, climate change, supply chain disruption, and economic uncertainty. In this episode of Speed of Risk, John Wheeler, Former Gartner IRM Analyst and Senior Advisor, Risk & Technology at AuditBoard, shares a connected risk

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Hertz Atty Presses Mich. Panel To Remand Tax Credit Dispute

Law 360 M&A

The Michigan Court of Appeals should remand a tax dispute between Hertz Corp. and the state even if it upholds a decision blocking the company from carrying forward a tax credit that a different entity held before a merger, a Hertz attorney argued.

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Three Key ESG Audit Planning Considerations

Audit Board

An ESG risk and reporting program should not be implemented in isolation — it should be part of a larger, integrated risk management approach. Internal audit serves as the last line of defense in this approach, integrating ESG risk and compliance considerations into the audit plan while driving discipline and controls around material ESG risks. As a part of this role, internal audit is responsible for advising the organization on its broader risk management capabilities, and in anticipating and

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RedSeal Seeks Chancery Toss Of Challenge To 2019 Merger

Law 360 M&A

An attorney for independent directors of cyber risk modeling business RedSeal Inc. told Delaware's chancellor Wednesday that a suit challenging a nearly $70 million merger and sale of most company equity in 2019 failed to overcome director business judgment deference, despite objections from wiped-out common stockholders.

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Planning for Uncertainty: The Rise of the Flexible Audit Plan

Audit Board

The Mandela effect describes the shock we feel when deeply held common memories turn out to be false. Many believe “Mr. Monopoly” sports a monocle (he never did) or that Ingrid Bergman says “Play it again, Sam” in Casablanca (actually it’s “Play it, Sam. Play ‘As Time Goes By.’”) . Would it surprise you that the IPPF does not require an annual audit plan?