Mon.Oct 23, 2023

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The CEO Shareholder: Straightforward Rewards for Long-term Performance

Harvard Corporate Governance

Posted by Joel Paula, FCLTGlobal, on Monday, October 23, 2023 Editor's Note: Joel Paula is a Policy Advisor at FCLTGlobal. This post is based on a FCLTGlobal memorandum by Mr. Paula, Jess Gaspar , Matt Leatherman , and Sarah Williamson. Related research from the Program on Corporate Governance includes Paying for Long-Term Performance (discussed on the Forum here ) by Lucian Bebchuk and Jesse Fried.

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Chevron to Acquire Hess for $53 Billion in Latest Major Oil Deal

NYT M&A

The acquisition marks further consolidation of the oil industry and highlights the confidence that energy companies have in the future of fossil fuels.

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The 401(k) Conundrum in Corporate Law

Harvard Corporate Governance

Posted by Natalya Shnitser (Boston College Law School), on Monday, October 23, 2023 Editor's Note: Natalya Shnitser is an Associate Professor at Boston College Law School. This post is based on her article forthcoming in the HBLR. With over $10 trillion in assets , employer-sponsored defined-contribution retirement plans play an important role in the corporate governance ecosystem.

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Courageous growth: Six strategies for continuous growth outperformance

Mckinsey and Company

Fewer than one in four companies outpace their industry peers on revenue and profit growth. New McKinsey research reveals the six mindsets and strategies that set these growth outperformers apart.

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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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Chevron to buy oil and gas producer Hess in $53bn all-stock deal

The Guardian M&A

Takeover puts Chevron head-to-head with ExxonMobil in oil-rich Guyana and US shale industry Business live – latest updates Chevron has announced plans to buy the oil producer Hess Corporation in a $53bn (£44bn) deal, becoming the second American energy giant to place a vast bet on fossil fuel production this month. The all-stock takeover, which will increase Chevron’s presence in oil-rich Guyana, was unveiled less than two weeks after another of the world’s largest oil companies, Exxon Mobil, sa

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Gen AI and the future of work

Mckinsey and Company

Generative AI is front and center for nearly every industry and is poised to change just about everything. What will it mean for your workers?

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More Trending

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Tips for a Faster Month-End Close

Machen McChesney

Does your company struggle to close its books at the end of each month? The month-end close requires accounting personnel to round up data from across the organization. This process can strain internal resources, potentially leading to delayed financial reporting, errors, and even fraud. Here are some simple ways to streamline your company’s monthly closing process.

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Chevron to buy US oil producer Hess for $53bn

Financial Times M&A

All-stock deal comes after ExxonMobil acquired Pioneer Natural Resources earlier this month

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Top Takeaways From Audit & Beyond 2023

Audit Board

Thousands of audit, risk, sustainability, and compliance professionals tuned in virtually for Audit & Beyond 2023 , AuditBoard’s fifth annual user conference, joined by hundreds who attended the event at Marriott Marquis San Diego Marina in San Diego, CA. Several key themes emerged across the thought leadership sessions, many of which grappled with the challenges organizations face in today’s dynamic business environment and the need for human-centric, intuitive solutions.

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Dealmakers see Chevron-Hess tie-up as the start of oil ‘arms race’

Financial Times M&A

The $53bn deal has sparked speculation that BP and Shell may feel forced to respond

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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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Comment on VA Appraisal Request Form at Heart of AIR Violation Class Action by Baggins

Appraisers Blog

In reply to Spencer Paul. Try this one on, it’s clever. A statement a sales agent told me quite some time ago. ‘You know what the problem with appraisers is? Once they get to the number, they quit grinding.’ This speaks on both sides of the issue, getting to the number feasible or not, and if so, is stopping there accurate either? They love me in times of plenty.

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How to Build a Dynamic Risk Assessment

Audit Board

This article originally appeared on EY Insights. Stay tuned for a second article deep dive into GE’s journey with a data-driven dynamic risk assessment. Learn more about Dynamic Risk Assessment solutions powered by AuditBoard and EY here. Do you know what must go right to achieve your organization’s strategic objectives? Are you able to identify what could go wrong before it happens?

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Comment on VA Appraisal Request Form at Heart of AIR Violation Class Action by Spencer Paul

Appraisers Blog

In reply to Baggins. I’m fully aware of your situation. Painfully aware. I have had agent block from getting work in a specific county because none of their ROV’s has any substantial data to support the listing price, nor the sales contract price with stories of “knowing” they could get it and therefore it must be worth it to ridiculous price grabs that anyone would laugh at, but them.

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UniCredit strikes first deal of Orcel era with Greek tie-up

Financial Times M&A

Italian lender seeks to acquire 9% stake in Alpha Bank from Greek state and take control of Romanian unit

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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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Comment on VA Appraisal Request Form at Heart of AIR Violation Class Action by Spencer Paul

Appraisers Blog

In reply to Baggins. I totally agree with you, but I’m just playing the devils advocate. If the sale contact itself actually causes the appraiser to be bias, then there really are bigger issues with that specific appraiser. In all, the sales contract is effectively subject specific market data. Some knuckle-head said they would buy X and “$X” amount.

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The Magnolia State Wins the Prize for Novel Alternative Remedies in LLC Dissolution Cases

Farrel Fritz

New York courts are not in the vanguard when it comes to devising less drastic, alternative remedies in LLC judicial dissolution cases. In their defense, there’s nothing in Article 7 of New York’s LLC Law that expressly authorizes the courts to do so. When a member of a New York LLC brings an action for judicial dissolution, as far as the dissolution statute, Section 702 , is concerned, the outcome presents the court with a binary choice: dissolve or don’t dissolve.

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Comment on Majority of Reviewers Had Very Limited Field Experience by Virgil R Gleason

Appraisers Blog

Well said Tom, I started the same time you did, and I am 120% with you. They have taken humanity out of it, and a lot of our fee as well. Remember walking into a clients office and hand delivering a report?

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Novo Nordisk and Eli Lilly hoover up smaller obesity drug groups

Financial Times M&A

Biotech acquisitions this year intended to cement position as market leaders in weight-loss field

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Comment on Majority of Reviewers Had Very Limited Field Experience by Pat Turner

Appraisers Blog

And ONE robin doesn’t make it Springtime either. I love it now that these dumb asses are back asking if these are the best comps I could find. I love telling them “hell no, I’m saving the best ones for my grandchildren!!!

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Big Three (Dis)Engagements

Reynolds Holding

Large asset managers play an outsized role in the corporate governance of the largest U.S. public firms. The Big Three (BlackRock, Vanguard, and State Street) collectively manage trillions of dollars of assets and own about a fifth of the average S&P 500 firm. Their influence extends beyond their voting power: The Big Three engage with portfolio companies on issues such as board diversity, executive compensation, and sustainability.

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Comment on Majority of Reviewers Had Very Limited Field Experience by Mark Hastert, ASA

Appraisers Blog

In reply to Dave. We may get a little bump when rates start to come down. I started a year before you and remember how folks were refinancing every time rates dropped a percent or more. I recall appraising one home three times in three years…good times.

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FCF Robotics Venture Capital Report – 2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is pleased to publish the “Robotics Venture Capital Report – 2023”. The report is part of the “FCF DeepTech Series”, which is a quarterly series of reports tracking European venture. Read more The post FCF Robotics Venture Capital Report – 2023 published appeared first on FCF Fox Corporate Finance GmbH.

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Comment on Majority of Reviewers Had Very Limited Field Experience by Dave

Appraisers Blog

Scott – did you go to college, bet you didn’t graduate – Street Smart huh! The noble prize was won under the premise that some decisions are made during moments of uncertainty and as a result – ONE SALE – does not make a market!

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The Advantages of Working with a Business Broker

Hallmark Brokers

As a business owner, you’re a professional in your field. No matter what products and services you might specialize in, the experience you’ve gained is invaluable. And now, you’re in a position where you’re ready to start a brand new chapter in your life, and you realize that selling your business is at the top. Read more The post The Advantages of Working with a Business Broker appeared first on Hallmark Brokers.

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Comment on Majority of Reviewers Had Very Limited Field Experience by John M Crane

Appraisers Blog

In reply to Dave. AI is just another tool of the trade. Before starting as an appraiser I was in construction for several years, became a RE salesperson then a broker, then combination broker & appraiser, all before licensing. Licensing removed the broker part of the equation. Understanding the “anatomy of a sale” has been removed from most appraiser’s work and analysis.

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Valutico and Eden Exchange Team Up to Make Company Valuation More Accessible for SMEs

Valutico

Valutico and Eden Exchange Team Up to Make Company Valuation More Accessible for SMEs Valutico, a leading valuation software provider, has partnered with Eden Exchange, Australia’s premier M&A marketplace for SMEs. The partnership will provide Eden Exchange users with quick and easy indicative valuations of their businesses, empowering them to make more informed decisions about when to sell and for how much.

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Comment on Majority of Reviewers Had Very Limited Field Experience by Scott

Appraisers Blog

In reply to DAVE. Dave, ignorance is not a virtue. I laugh at appraisers with no street smarts. Just because you seek as many facts as you can dig up does not make you a crook.

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Unlocking Success with the Rhythm Coaching Network

Rhythm Systems

In today's fast-paced business world, staying ahead of the competition and achieving your strategic goals requires effective planning, execution, and continuous improvement. To assist organizations in this journey, Rhythm Systems has introduced the Rhythm Coaching Network. This program offers coaching and training services designed to help business coaches reach their strategic objectives with precision and consistency.

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Comment on Majority of Reviewers Had Very Limited Field Experience by DAVE

Appraisers Blog

John, please get serious!! Firewalls prohibit communicating with the buyer (very iffy) and any discussions with the broker probably are also inappropriate. While I get your point, and in fact agree that we are predicting behavior during periods of uncertainty; your background blinds you from compromising your impartial perceived role in the transaction.

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Recorded Event: A Discussion on the M&A Outlook for 2024

Cooley M&A

On October 4, 2023, Cooley M&A partner Kevin Cooper appeared at Axios’ Dealmakers: The M&A Forecast virtual event. During the “View From the Top” segment, Cooper spoke with Fabricio Drumond, chief business officer at Axios, about the M&A landscape going into Q4 2023. Cooper highlighted trends in market activity, deal structuring and challenges facing buyers and sellers – including antitrust scrutiny, shareholder activism, valuation gaps and a continued, but potentially subsiding, bac

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Comment on Majority of Reviewers Had Very Limited Field Experience by Mark Hastert, ASA

Appraisers Blog

Ironic that so much time is wasted on baseless revision requests but we are criticized for the time it takes to complete a report. This won’t stop until some entity with clout starts pushing back.

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„Ace the Case“ with FCF & Celonis @TUM Case Club in Munich

Fox Corporate Finance

The „Ace the Case“ event will take place on November, 2nd, 2023 at the TUM Case Club in Munich. For this round of case basics, HR-Manager Sarah Kabir and Matthias Menke, CFO of FCF Fox. Read more The post „Ace the Case“ with FCF & Celonis @TUM Case Club in Munich appeared first on FCF Fox Corporate Finance GmbH.

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Comment on Majority of Reviewers Had Very Limited Field Experience by Scott

Appraisers Blog

I will say reviewing appraisals is a great way for a green horn to learn. You have to be patient with them. I did it but will not do them now. It is a headache and the inspection is the best part of the job.

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FCF Robotics Venture Capital Report – 2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is pleased to publish the “Robotics Venture Capital Report – 2023”. The report is part of the “FCF DeepTech Series”, which is a quarterly series of reports tracking European venture. Read more The post FCF Robotics Venture Capital Report – 2023 published appeared first on FCF Fox Corporate Finance GmbH.