Harvard Corporate Governance

MARCH 31, 2022

Posted by Mike Kesner, Linda Pappas, and Joshua Bright, Pay Governance LLC, on Thursday, March 31, 2022 Editor's Note: Mike Kesner is partner and Linda Pappas and Joshua Bright are principals at Pay Governance LLC. This post is based on a Pay Governance memorandum by Mr. Kesner, Ms. Pappas, Mr. Bright, and Ira Kay. Related research from the Program on Corporate Governance includes The Perils and Questionable Promise of ESG-Based Compensation by Lucian A.

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IVSC

MARCH 31, 2022

KPMG Canada Partner and current IVSC board member, Thomas Lee , will take over as Chair of the IVSC’s Financial Instruments Board next month when Gavin Francis steps down after three years in the role. Thomas has over 20 years of experience in public practice and leads the KPMG Valuation Services’ Financial Instruments Team. He has been a member and Vice Chair of the IVSC’s Financial Instruments Board since its inception in 2019.

Banking 130

Banking 130

Harvard Corporate Governance

MARCH 31, 2022

Posted by Blair Jones, Sarah Hartman, and Austin Vanbastelaer, Semler Brossy LLC, on Thursday, March 31, 2022 Editor's Note: Blair Jones is Managing Director, Sarah Hartman is Senior Associate Consultant, and Austin Vanbastelaer is Senior Consultant at Semler Brossy Consulting Group, LLC. This post is based on their Semler Brossy memorandum. The wrenching Covid-19 pandemic is far from over, but investors will see something of a return to business as usual in the 2022 proxy season.

Marketability 215

Marketability 215

Mckinsey and Company

MARCH 31, 2022

New infrastructure and funding sources, along with established practices, are helping traditional companies launch new businesses that can scale quickly.

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113

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.

Marketability

Harvard Corporate Governance

MARCH 31, 2022

Posted by Gary Gensler, U.S. Securities and Exchange Commission, on Thursday, March 31, 2022 Editor's Note: Gary Gensler is Chair of the U.S. Securities and Exchange Commission. This post is based on his recent public statement. The views expressed in the post are those of Chair Gensler, and do not necessarily reflect those of the Securities and Exchange Commission or the Staff.

Marketability 197

Marketability 197

ThomsonReuters

MARCH 31, 2022

QUESTION: Our company is adding a high-deductible health plan (HDHP) option next year, so that employees who choose the HDHP and otherwise meet the HSA eligibility requirements can establish and contribute to HSAs. What will happen to the funds in an HSA after an account holder dies? ANSWER: Upon the death of an HSA account holder, any amounts remaining in the HSA transfer to the beneficiary named in the HSA beneficiary designation form.

Fair Market Value 102

Fair Market Value Marketability 102

ThomsonReuters

MARCH 31, 2022

Insurance Standards Bulletin Series – Information – Extension of Limited Non-Enforcement Policy through 2023 and Later Benefit Years (Mar. 23, 2022). Available at [link]. CMS has indefinitely extended the limited nonenforcement policy allowing states to permit insurers in the individual and small group markets to renew health insurance policies that would otherwise have to be canceled due to noncompliance with certain Affordable Care Act (ACA) insurance market reforms.

Marketability 98

Marketability 98

Benchmark Report

MARCH 31, 2022

Benchmark International has successfully advised on the sale of Edinburgh-based 7 Elements to Harrogate-based Redcentric. 7 Elements is a CREST accredited and award-winning technical assurance services company providing industry-leading security testing, incident response, and bespoke consultancy services. Established in 1997, AIM-listed Redcentric is a managed service provider.

Marketability 98

Marketability 98

Audit Board

MARCH 31, 2022

After a year of hinting at development of sweeping environmental disclosure rules, the U.S. Securities and Exchange Commission (SEC) has finally announced proposed regulations, titled The Enhancement and Standardization of Climate-Related Disclosures for Investors. Over the past 20 years, there have been only a couple of other seismic legislative/regulatory events — the Sarbanes-Oxley Act (SOX) in 2002 and, to a lesser extent, the Dodd-Frank Act in 2010 — so greatly impacting internal audit.

Compliance 98

Compliance Technology Marketability 98

Law 360 M&A

MARCH 31, 2022

Overly litigious behavior ranks high among common mistakes attorneys make during mediation, as do premature ultimatums, failure to account for compounding risks, and more, say Lynn O'Malley Taylor and Rachel Gupta at JAMS.

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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

Corporate Finance

Benzinga

MARCH 31, 2022

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On March 31, 1996, Chemical Banking Corp. and Chase Manhattan Corp. merged to form Chase Manhattan. Where The Market Was: The Dow finished the day at 5,587.14. The S&P 500 finished at 645.50. What Else Was Going On In The World? In 1996, online auction platform eBay Inc (NASDAQ: EBAY ) and internet search engine Ask Jeeves were launched.

Banking 98

Banking Marketability 98

LaPorte

MARCH 31, 2022

(authored by RSM US LLP) For employee benefit plans subject to ERISA, Statement on Auditing Standards No. 136 changes the look of the auditor’s report. The post SAS 136: Changes to the auditor’s report first appeared on LaPorte.

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Benchmark Report

MARCH 31, 2022

Is the bull market for privately held companies over? No, that’s not (yet) the reality. But one of the hallmarks of the glorious decade for selling businesses is no more. And unfortunately, many of the acquirers’ gatekeepers weren’t around the last time there was a bull market that looked like this one. So what is this new normal? Let’s first look at the old normal that we enjoyed from 2010 to 2019 - a nice, slow, smooth macroeconomic recovery.

Marketability 95

Marketability 95

LaPorte

MARCH 31, 2022

(authored by RSM US LLP) Exporters of crude oil were entitled to a refund of section 4611 oil spill excise tax. The post Court rules on excise tax refunds for exported crude oil first appeared on LaPorte.

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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.

Marketability

Mckinsey and Company

MARCH 31, 2022

Open-source intelligence means spying isn’t just for governments anymore—anyone with an online connection can gather troves of information.

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N Contracts

MARCH 31, 2022

Culture and Conduct for FIs: Ncontracts and RMA Discuss Survey Results. The Risk Management Association is an organization serving risk professionals at financial institutions through education, products, and community since 1914. RMA’s mission is to advance the use of sound risk management principles in the financial services industry. Recently, RMA and Ncontracts partnered to conduct a survey to capture the current state of culture and conduct practices across a range of RMA member institution

Compliance 80

Compliance 80

Mckinsey and Company

MARCH 31, 2022

Advanced analytics has the potential to transform grocery operations, but many retailers struggle to harness these capabilities to improve performance. Two emerging use cases could point the way.

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84

Financial Times M&A

MARCH 31, 2022

Backing from Effissimo puts pressure on Toshiba to court buyout offers from private equity consortiums

Equity 98

Equity 98

Mckinsey and Company

MARCH 31, 2022

An inspiring conversation about aging, women in leadership, and the chance to change the narrative on old age.

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100

Reynolds Holding

MARCH 31, 2022

Massive investment is required if mankind is to meet, and master, the challenges presented by global climate change. A recent report by McKinsey & Company posits that capital spending on energy and land-use infrastructure alone will need to exceed $9 trillion annually over the next 30 years if we are to prevent global warming from causing massive and irreversible damage to the planet’s ecosystem.

Marketability 72

Marketability Finance 72

Mckinsey and Company

MARCH 31, 2022

Traditional grocery retailers should now determine which value propositions to focus on, define a scalable operating model, and consider partnerships to complement their historic strengths.

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75

NYT M&A

MARCH 31, 2022

A new proposal casts an even bigger shadow over the once-booming market for blank-check firms.

Marketability 98

Marketability Mergers & Acquisitions 98

Mckinsey and Company

MARCH 31, 2022

Retailers must determine whether they want to capture market share in instant delivery and how to further differentiate their other e-commerce propositions.

Marketability 80

Marketability 80

Financial Times M&A

MARCH 31, 2022

Canadian bank’s offer comes at a 62% premium to 260-year-old target’s closing share price

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98

Mckinsey and Company

MARCH 31, 2022

The fashion value chain is predominantly linear and global. It has put the apparel industry on an unsustainable path.

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Financial Times M&A

MARCH 31, 2022

Financial centres look unlikely to recreate US boom in shell company IPOs

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Mckinsey and Company

MARCH 31, 2022

Distributors can learn new strategies to make them effective in a world with increasingly powerful digital players.

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Auto Dealer Valuation Insights

MARCH 31, 2022

In recent years, there’s been a great deal of interest in RIA acquisitions from a diverse group of buyers ranging from consolidators, other RIAs, banks, diversified financial services companies, and private equity. Due to the high margins, recurring revenue, low capital needs, and sticky client bases that RIAs often offer, these acquirers have been drawn to RIA acquisitions.

Banking 59

Banking Equity 59

Mckinsey and Company

MARCH 31, 2022

Although air cargo soared on the tailwinds of increased demand and high freight rates, airlines continued be the worst performers in the aviation sector.

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73

Trout CPA

MARCH 31, 2022

Hard-hit small businesses received more than $16 billion in much-needed COVID-19 relief through the Small Business Administration’s (SBA) Shuttered Venue Operators Grant (SVOG) program. Many organizations that received this funding may not have experience with federal awards or the complex rules associated with them. Given that the SVOG program is a federal grant program, recipients will be subject to Single Audit requirements, which include compliance with the SVOG’s rules as well as general fe

Compliance 59

Compliance 59

LaPorte

MARCH 31, 2022

(authored by RSM US LLP) Two courts ruled against refiners in multi-million dollar alternative fuel mixture excise tax credits, holding butane was not an alternative fuel. The post Courts rule on alternative fuel mixture excise tax credits first appeared on LaPorte.

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Private Funds CFO

MARCH 31, 2022

Recent regulatory evolutions in Jersey serve to augment the jurisdiction’s reputation as a safe pair of hands for managers, say Jersey Finance’s head of funds Elliot Refson and business development lead in the Americas Philip Pirecki.

Finance 52

Finance 52

Private Debt Investor

MARCH 31, 2022

The pandemic has shone a spotlight on the importance of the healthcare sector. Some of the letter choices were more obvious than others: no surprise for guessing that C stands for covid.

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Law 360 M&A

MARCH 31, 2022

Amazon finished buying MGM only for the Federal Trade Commission to warn it can challenge finished transactions, while a D.C. federal judge sought input on the first divestiture ever won in private litigation, and U.K. officials forced Finnish cargo handling equipment outfits to abandon their $5 billion merger. Below, Law360 looks at some of the major merger review developments from March.

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