Mon.Jul 25, 2022

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Recent ESG Litigation and Regulatory Developments

Harvard Corporate Governance

Posted by Lauren Aguiar, Anita Bandy, and Tansy Woan, Skadden, Arps, Slate, Meagher & Flom LLP, on Monday, July 25, 2022 Editor's Note: Lauren Aguiar and Anita Bandy are partners and Tansy Woan is counsel at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden memorandum by Ms. Aguiar, Ms. Bandy, Ms. Woam, Susan L. Saltzstein , and Jessie K.

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Coca-Cola: The people-first story of a digital transformation

Mckinsey and Company

With thousands to train, the transformation of Coca-Cola’s commercial product supply operations needed buy-in from the boardroom to the front line.

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Can We Trust the Accounting Discretion of Firms with Political Money Contributions? Evidence from U.S. IPOs

Harvard Corporate Governance

Posted by Antonios Kallias (Cardiff University), Konstantinos Kallias (University of Portsmouth), and Song Zhang (University of St Andrews ), on Monday, July 25, 2022 Editor's Note: Antonios Kallias is a Lecturer in Accounting and Finance at Cardiff Business School; Konstantinos Kallias is a Senior Lecturer in Accounting and Financial Management at Portsmouth Business School; and Song Zhang is a Lecturer in Banking and Finance at the Centre for Responsible Banking & Finance, University of St

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Building decarbonization: How electric heat pumps could help reduce emissions today and going forward

Mckinsey and Company

The electrification of heating systems could play a significant role in the transition to net zero—and heat pumps are emerging as a solution.

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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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Global M&A Industry Trends: 2022 Mid-Year Update

Harvard Corporate Governance

Posted by Malcolm Lloyd, Colin Wittmer, and John Potter, PricewaterhouseCoopers LLP, on Monday, July 25, 2022 Editor's Note: Malcolm Lloyd is Deals Leader, PwC Global and EMEA; Colin Wittmer is Deals Leader, PwC US; and John D. Potter is Deals Sector Leader, PwC US. Deal professionals across PwC’s network of firms contributed to this post. This post is part of a series that covers an overview of global trends impacting the deals market.

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Take these 3 steps to create a more intelligent supply chain

Avanade

By digitizing your supply chain and leveraging the use of Azure cloud and Microsoft Dynamics 365, you will be better positioned to become an agile and proactive supply chain business.

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More Trending

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The potential value of AI—and how governments could look to capture it

Mckinsey and Company

Artificial intelligence could have a significant impact on individuals, businesses, and governments. Here is what countries need to know about the benefits—and the first steps toward realizing them.

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Weekly Strategy Meeting: 8 Ways to Make Meetings Strategic vs. Tactical

Rhythm Systems

I hear this all the time: “Our Weekly Meetings are just routine report-outs about who’s doing what; they’re so tactical!” If this is your challenge, you’re not alone. I recently sat in on a client’s Weekly Meeting because the CEO wanted my help in making suggestions on how to make their meetings more robust and strategic. What I discovered was an executive team narrative that simply consisted of short, silo-oriented “report-outs” with little to no strategic discussion.

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Emerging cautiously: Australian consumers in 2022

Mckinsey and Company

Our latest Australian consumer survey has found five emerging themes that describe consumer optimism, spending habits, and shopping transformations coming out of the COVID-19 pandemic.

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New Lease Standard to Impact Any Business or Nonprofit With a Lease

Gross Mendelsohn

Some are calling the new lease standard the biggest accounting change of this generation. While the accounting profession moved the goalposts on its effective date for years, the time is finally here for organizations to implement the sweeping changes brought about by FASB’s Accounting Standards Codification (ASC) 842, Leases. The changes that the new lease standard brings are substantial and can impact any business or nonprofit that has at least one lease.

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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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7 Fair Lending Risks You Need to Know Right Now

N Contracts

Fair Lending compliance is a hot button issue, making it critically important that your institution has a clear sense of its fair lending risk exposure.

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Construction, manufacturing and retail account for 40% of administrations

Accountancy Today

Data from The Gazette Official Public Record revealed construction, manufacturing and retail were the sectors that accounted for almost 40% of administrations in 2022. The retail sector accounted for 10% of the administrations in the first six months of the year – the third highest industry in the UK and only beaten by construction and manufacturing – according to analysis by full-service law firm Shakespeare Martineau.

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Racial and ethnic equity in US higher education: Students and faculty

Mckinsey and Company

Most non-profit institutions have significant progress to make to reach their stated goals of representational parity.

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Eutelsat to suspend dividend as it strikes deal with OneWeb

Financial Times M&A

French and UK satellite operators combine in an effort to take on space billionaires Elon Musk and Jeff Bezos

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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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Catching Up With Delaware's Chancery Court

Law 360 M&A

On top of two big-name trials and at least three multimillion-dollar settlements, Delaware's Chancery Court got hit with COVID-19 last week. Positive tests forced the court to shift a hearing on expediting Twitter's battle with Elon Musk to Zoom, and a high-profile witness for Oracle initially scheduled to testify at trial is now preparing to do it in virtual mode.

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Eutelsat/OneWeb: rumoured terms bring satellite deal down to earth

Financial Times M&A

The French satellite communications company lacks growth but has the finances to pay for some with OneWeb

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Law360's Diversity Snapshot: What You Need To Know

Law 360 M&A

As many law firms have renewed their commitments to diversity, the task of the past year has been to bring new energy to the work and put those promises into action. Here's our data dive into minority representation at law firms in 2021.

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Sam Bankman-Fried/Voyager: a Wall Street vulture investor at heart

Financial Times M&A

The bankrupt platform is right to reject overtures from cryptocurrency tycoon posing as a white knight

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How Lawyers Can Benefit From TikTok Without Being 'Cringe'

Law 360 M&A

TikTok should be on every attorney's radar as a digital branding opportunity, but it's important to understand the app and some best practices before diving in, says Cecillia Xie at Yale University.

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Is Your Company Effectively Managing Tax Risk?

Machen McChesney

The concept of “tax risk” is an increasingly important and regular topic of discussion across organizations and in boardrooms, and for good reason. Businesses that operate across state lines or internationally can, in certain cases, trigger tax liabilities in jurisdictions where they do not have a physical presence. In addition, many countries are adopting policies requiring greater transparency in tax and financial reporting, providing tax administrations more information with which to raise in

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5 Ways The Self-Preferencing Bill May Affect Tech Mergers

Law 360 M&A

A major antitrust reform bill that would prohibit Big Tech companies from skewing search results to favor their own content raises several issues for business startups, including venture capital investments and M&A activities involving technology platforms, say attorneys at Foley & Lardner.

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Gold Fields defends $5.2bn Yamana bid

Financial Times M&A

South African miner says Canadian target at risk of being snapped up by rivals

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Revisiting the Audit Expectations Gap

Reynolds Holding

As the regulation of public company audits evolves, questions persist over whether there is still a gap between the public and auditors over expectations for the responsibilities of auditors – what we call the expectations gap. In a recent study, we replicate an earlier study by McEnroe and Martens (2001) (hereinafter “MM 2001”) to determine whether the expectations gap has changed.

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Serica Energy rejects improved Kistos offer

Financial Times M&A

North Sea oil and gas group says smaller rival’s latest approach still undervalues its core assets

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Top Five Integration Best Practices to Achieve Maximum Revenue Synergies

M&A Leadership Council

It Is Up To You to Stack the Deck. By Mark Herndon, Chairman of the M&A Leadership Council . Integration is tough. There are no formulas. No cookie-cutter patterns. Seldom a simple solution. But as my friend and President Emeritus of the M&A Leadership Council, Jack Prouty, says – there is a way you can “stack the deck for success.”. Your organization can diligently apply specific integration best practices - proven to yield demonstrable business results , and do just that.

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How to Effectively Manage Cyber Risk to Reduce Cyber Liability Insurance Costs

Audit Board

Every business faces cyber risk. Ineffective cyber risk management increases a business’s susceptibility to cyber breaches that bring heavy financial costs, regulatory fines, operational disruption, and reputational damage. This equation won’t change, so how will you change your business to better withstand cyber attacks? Cyber breaches and costs reached all-time highs in 2021.

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2022 Benchmarking Guide for Family Business Directors

Auto Dealer Valuation Insights

Benchmarking is a powerful tool for family businesses. Done well, benchmarking provides managers and directors with valuable insight and context for evaluating the operating performance of the family business and the strategic investing and financing decisions made by their leaders. Comparison may be the thief of joy, but unfortunately for family businesses, ignorance is not in fact bliss.

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Ex-FBI Trainee Stole Stock Tips From Atty Girlfriend, Feds Say

Law 360 M&A

An ex-FBI trainee broke the trust of his BigLaw associate ex-girlfriend by secretly trading on nonpublic information she possessed about pharmaceutical giant Merck's April 2021 acquisition of Pandion, according to an indictment made public Monday as part of a broader insider trading sweep.

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The Rise Of US Finance Merchants: What Are They?

Financial Analyst Insider

Managing your finances is tricky, and some people like to utilise outsider support to get them on the straight and narrow. Small businesses might have. The post The Rise Of US Finance Merchants: What Are They? appeared first on Financial Analyst Insider.

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Ginkgo Bioworks Expands Horizontal Synthetic Biology Platform With This Stock Deal

Benzinga

Ginkgo Bioworks Holdings Inc (NYSE: DNA ) agreed to acquire Zymergen Inc (NASDAQ: ZY ) in an all-stock transaction. Zymergen stockholders will receive 0.9179 shares of Ginkgo's Class A common stock for each Zymergen share. The deal values Zymergen at approximately $300 million and would provide Zymergen. Full story available on Benzinga.com.

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Two firms lead $287M Merger Of IT Co. AnyTech365 With SPAC

Law 360 M&A

Spanish private cybersecurity company AnyTech365 will merge with blank-check company Duet Acquisition Corp. in a deal that values AnyTech365 at $287 million, the companies announced Monday.

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Bobby Bonilla Day

Essentials of Corporate Finance

Every July 1st is Bobby Bonilla Day! You may not be aware that the now retired slugger signed a contract with the New York Mets in 2000 that deferred his $5.9 million salary in exchange for about $1.2 million per year from 2011 through 2035 on July 1st. And while this is a great payday, Bobby Bo recently announced that he was auctioning off his copy of the famous contract.

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3 Firms Guide Dutch Biotech Startup's $326M SPAC Merger

Law 360 M&A

Cardiovascular-disease focused NewAmsterdam Pharma BV has agreed to go public by merging with special purpose acquisition company Frazier LifeSciences Acquisition Corp in a deal, guided by three firms, that values the biotechnology startup at $326 million.

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Questions Abound in Parallel Cash-Out Merger Rescission / Fair Value Appraisal Lawsuits

Farrel Fritz

The topic of mergers between two business entities designed to involuntarily extinguish the equity interest of a minority owner in exchange for cash is one of our favorites on New York Business Divorce. Almost invariably dubbed a “cash-out” merger by the majority owners effectuating the merger, and a “freeze-out” by the expelled minority owner, we’ve written about the legal rules, statutory procedures, and resulting fair valuation principles for these types of mergers many times.