Tue.Jun 21, 2022

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When 9 is the Perfect Number

Harvard Corporate Governance

Posted by Rusty O'Kelley, Rich Fields, and Laura Sanderson, Russell Reynolds Associates, on Tuesday, June 21, 2022 Editor's Note: Rusty O’Kelley co-leads the Board and CEO Advisory Partners in the Americas, Rich Fields leads the Board Effectiveness practice, and Laura Sanderson co-leads the Board and CEO Advisory Partners in Europe at Russell Reynolds Associates.

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CX without design only gets you halfway

Mckinsey and Company

When mapping out the customer journey, combining traditional CX practices with user-centered design processes has proven to bring the greatest value.

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Competing Views on the Economic Structure of Corporate Law

Harvard Corporate Governance

Posted by Lucian Bebchuk (Harvard Law School), on Tuesday, June 21, 2022 Editor's Note: Lucian Bebchuk is the James Barr Ames Professor of Law, Economics, and Finance, and Director of the Program on Corporate Governance, at Harvard Law School. This post is based on his recent paper. I recently placed on SSRN a new essay, Competing Views on the Economic Structure of Corporate Law.

Finance 220
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New operations management systems for a digital world

Mckinsey and Company

Now is the time to redefine management disciplines with a modern tool kit powered by technology. The organizations that embark on this journey sooner will achieve the benefits from a culture of innovation.

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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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“Minimum Standards” for Lawyers Practicing Before the SEC

Harvard Corporate Governance

Posted by Jason Halper, Erica Hogan, and Adam Magid, Cadwalader Wickersham & Taft LLP, on Tuesday, June 21, 2022 Editor's Note: Jason Halper and Erica Hogan are partners and Adam Magid is special counsel at Cadwalader Wickersham & Taft LLP. This post is based on their Cadwalader memorandum by Mr. Halper, Ms. Hogan, Mr. Magid, William Mills , James Orth and Jayshree Balakrishnan.

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Twitter Board Unanimously Approves Musk Buyout: What Happens Next?

Benzinga

Twitter Inc (NYSE: TWTR ) shares were trading higher Tuesday after the Twitter board voted unanimously to approve the sale of the company to Tesla Inc (NASDAQ: TSLA ) CEO and world's wealthiest person Elon Musk. What Happened? A new Twitter filing with the U.S. Securities and Exchange Commission Tuesday revealed Twitter's board of directors all approve of Musk's proposed $44-billion buyout of Twitter.

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JetBlue Submits Improved Proposal For Spirit Airlines At $33.50/Share

Benzinga

JetBlue Airways Corporation (NASDAQ: JBLU ) does not seem to back away, the airline submitted a decisively superior proposal to the Board of Directors of Spirit Airlines Incorporated (NYSE: SAVE ) for acquisition. The new, improved proposal is an update to JetBlue's previous proposals (dated March 29, 2022, April 29, 2022, and June 6, 2022, respectively) and is structured to maximize value and certainty for Spirit and its stockholders.

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Safeguarding green steel in Europe: Facing the natural-gas challenge

Mckinsey and Company

European steelmakers need to reconsider their decarbonization strategies because of rising natural-gas and electricity prices, as well as potential limitations on the natural-gas supply.

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Kellogg To Split Into Three Companies - All You Need To Know

Benzinga

Kellogg Co (NYSE: K ) Board has approved a plan to separate its North American cereal and plant-based foods businesses through tax-free spin-offs. Those businesses collectively represented 20% of its net sales in 2021. The move is expected to result in three independent public companies , Global Snacking Co with $11.4 billion in net sales, North America Cereal Co with about.

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Redefining the modern CEO

Mckinsey and Company

COVID-19 and other recent global crises have necessitated a redefinition of the role of 21st century leaders. In this McKinsey Future of Asia Podcast episode, we explore what it takes to be an excellent CEO in today’s ever-changing and challenging global environment.

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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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Musk Lists These As 'Still Unresolved Matters' With The Twitter Deal

Benzinga

Elon Musk's Twitter, Inc. (NYSE: TWTR ) deal hangs in limbo amid several uncertainties. The Tesla, Inc. (NASDAQ: TSLA ) chief executive officer outlined the issues while speaking virtually at the Qatar Economic Forum organized by Bloomberg on Tuesday. Determining the number of spam accounts on the platform is still an unresolved issue, Musk said, while speaking to Bloomberg editor John Micklethwait.

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The cloud as a strategic ecosystem for innovation and growth

Mckinsey and Company

In this interview, Deutsche Börse’s chief information officer and chief operating officer explains how the company’s ongoing cloud journey is defining its digital transformation.

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NV5 Acquires GEO1 For Undisclosed Sum

Benzinga

NV5 Global Inc (NASDAQ: NVEE ) has acquired GEO1 through an asset purchase of Aerial Filmworks , LLC. Deal terms were not disclosed. Hawthorne, California-based GEO1 provides. Full story available on Benzinga.com.

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Taking up the CX challenge: How traditional banks are lifting their game

Avanade

Traditional banks are responding to customers’ needs and developing breakthrough digital capabilities to improve the mainstream customer experience.

Banking 98
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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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Fairfax Financial Offloads Pet Insurance Operations To JAB Holdings For $1.4B

Benzinga

Fairfax Financial Holdings will sell its global pet insurance operations to the Reimann family-owned private investment company, JAB Holding, for $1.4 billion. JAB, which aims to bolster its pet insurance portfolio with the deal, is known for investing in doughnut maker Krispy Kreme Inc (NASDAQ: DNUT ). Fairfax, the Canadian investment company, will sell its interests in Crum & Forster Pet Insurance Group and Pethealth Inc to JAB’s pet insurance unit for.

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The McKinsey Crossword: Solstice | No. 81

Mckinsey and Company

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

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Why Are Valneva Shares Rallying Today

Benzinga

Pfizer Inc (NYSE: PFE ) will invest €90.5 million ($95 million) for an 8.1% stake in Valneva SE (NASDAQ: VALN ), as the companies updated the terms of agreement for Lyme disease vaccine candidate VLA15. Pfizer will buy the stake in Valneva at €9.49/share via a reserved capital increase. Valneva will use the proceeds from Pfizer's equity investment.

Equity 96
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Appraisers Should Bristle

Appraisers Blog

Stealthy vice again masquerades as public virtue. The head of yet another government-subsidized nonprofit was found funneling cash to cronies while raking in obscene compensation. The nation’s long-suffering appraisers will recognize the pattern in a porcine publisher they are forced to frequently slop as frenzied Beltway porkers go whole-hog on the swill.

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ISS Discusses Global Crackdown on ESG Greenwashing

Reynolds Holding

The meteoric global rise of ESG investing is increasingly being met with an equally ambitious regulatory disclosure regime, and, targeting greenwashing, policymakers are beginning to bare their teeth. In the latest salvo, on 25 May the US Securities and Exchange Commission (SEC) voted 3:1 to approve two proposals enhancing scrutiny of ESG funds and advisers’ ESG practices.

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ABA Conference Highlights: Are Your Compliance Risk Assessments Outdated?

N Contracts

Too many financial institutions view compliance risk assessments as one-time events. They gather up requirements and prohibitions, assess risks, draft and implement policies and procedures, and then assume their work is done.

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Singaporean fund GIC strikes €2.1bn deal with The Student Hotel

Financial Times M&A

Dutch pension fund manager APG to increase stake in European student accommodation and hotel group

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Choose You Own Adventure: Responding to a (Jurassic) Financial Institution Disaster

N Contracts

It’s surprisingly quiet for a Tuesday morning. Your inbox is miraculously clear. There are no voicemails to follow up on. You might actually cross an item off that to-do list that’s been looming over you for the past nine months. But first, you decide to drink a cup of coffee and read a little news.

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Kellogg’s to split into three separate food businesses

Financial Times M&A

Chief says US group studied past break-ups in its own industry and by other companies such as GE

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Catching Up With Delaware's Chancery Court

Law 360 M&A

A flurry of new complaints from shareholders hit the Delaware Chancery Court last week, including one about an $850 million GoDaddy tax asset buyout and another about the alleged gutting of Catalyst Biosciences Inc. Rounding out the news was a Delaware Supreme Court reversal of a controversial decision about an "insolvency exception" to shareholders' votes.

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Evolving ecosystems: Advanced analytics in shrimp aquaculture

Mckinsey and Company

The latest innovations in digital ecosystems can help standardize, automate, and optimize farming practices.

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Twitter Board Unanimously Backs Musk's $44B Purchase Bid

Law 360 M&A

Twitter's board of directors on Tuesday unanimously recommended that shareholders approve Elon Musk's proposal to buy the social media giant for $44 billion, moving the acquisition one step closer to reality.

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Accor and Hoxton boutique hotel venture valued at more than €2bn ahead of deal

Financial Times M&A

Plans to sell stake to Qatari consortium shows confidence in high end of travel market

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Talent War: How professional service firms can recruit & retain top talent

LaPorte

(authored by RSM US LLP) In a two-part Q&A interview, we speak to RSM’s Michael Gerlach, a professional services leader who specializes in advising law firms and legal organizations, about the tight labor situation roiling the professional services industry. The post Talent War: How professional service firms can recruit & retain top talent first appeared on LaPorte.

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The fees behind private equity’s ‘best discovery ever’

Financial Times M&A

Plus, India’s market regulator fines the country’s most powerful tycoon and Kellogg’s plans a historic break-up

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Talent War: Law firms, accounting firms face increasingly tight labor market

LaPorte

(authored by RSM US LLP) In a two-part Q&A interview, we speak to RSM’s Michael Gerlach, a professional services leader who specializes in advising law firms and legal organizations, about the tight labor situation roiling the professional services industry. The post Talent War: Law firms, accounting firms face increasingly tight labor market first appeared on LaPorte.

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NJ Developer Gets Cautious OK For Ch. 11 Property Sales

Law 360 M&A

Real estate developer National Realty Investment Advisors received tenuous approval Tuesday for a series of private property sales from a New Jersey bankruptcy judge only after it agreed to segregate the sale proceeds until investors could review the deals.

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Buyer (and Seller) Beware: The FTC Is and Will Come for Your M&A Non-Competes

Shephard Mullin M&A

Since President Biden’s July 2021 direction to the Federal Trade Commission (“FTC”) to “curtail the unfair use of non-compete clauses and other clauses or agreements that may unfairly limit worker mobility,” the FTC has ratcheted up its scrutiny of and investigations into non-compete agreements and other restrictive covenants. Now, the FTC has expanded beyond post-employment restrictive covenants to tackle “sale of business” non-competes.

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Cypress Environmental Gets OK For Debt-Swap Ch. 11 Plan

Law 360 M&A

A Texas bankruptcy court judge on Tuesday approved energy-sector inspection service Cypress Environmental Partners' $60 million debt-for-equity Chapter 11 plan, newly revised to free up more cash for unsecured creditors.

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New AuditBoard Automation Capabilities Streamline Critical Time- and Labor-intensive Compliance Processes

Audit Board

Each quarter, we highlight key capabilities released by AuditBoard. We’ve collected a summary of key features released in Q2 2022, with the opportunity to learn more about additional product releases in the AuditBoard Help Center. . AuditBoard Automation streamlines critical time- and labor-intensive compliance processes. Couple automation with scalability to keep pace with increasing cyber risks and rapidly changing requirements and regulatory oversight with AuditBoard Automation.