Tue.Jun 07, 2022

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An Early Look at the 2022 Proxy Season

Harvard Corporate Governance

Posted by Hannah Orowitz, Rajeev Kumar, and Lee Anne Hagel, Georgeson LLC, on Tuesday, June 7, 2022 Editor's Note: Hannah Orowitz is Head of ESG, Rajeev Kumar is Senior Managing Director, and Lee Anne Hagel is Director at Georgeson LLC. This post is based on a Georgeson memorandum by Ms. Orowitz, Mr. Kumar, Ms. Hagel, and Kilian Moote. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance by Lucian A.

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The next frontier for AI in China could add $600 billion to its economy

Mckinsey and Company

By 2030, AI could disrupt transportation and other key sectors in China, adding significant economic value—but only if strategic cooperation and capability building occur across multiple dimensions.

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Impeding a Whistleblower’s Ability to Communicate with the SEC

Harvard Corporate Governance

Posted by Cydney Posner, Cooley LLP, on Tuesday, June 7, 2022 Editor's Note: Cydney S. Posner is special counsel at Cooley LLP. This post is based on her Cooley memorandum. Most likely, what comes to mind when you think about companies’ impeding the ability of a whistleblower to communicate with the SEC are allegations of overly ambitious confidentiality provisions in employment agreements or company policies.

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Resilience for sustainable, inclusive growth

Mckinsey and Company

Resilience should be seen as the ability to deal with adversity, withstand shocks, and continuously adapt and accelerate as disruptions and crises arise over time.

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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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Rare Collaboration: Fleet Management Companies Backed By Tencent, Alibaba Agree To Merge

Benzinga

Tencent Holdings Limited (OTC: TCEHY ) and Alibaba Group Holding Limited (NYSE: BABA ) are [link]. Tencent Holdings Limited (OTC: TCEHY ) and Alibaba Group Holding Limited (NYSE: BABA ) are rivals in several business areas. Although the Chinese tech behemoths are now set to be collaborators, at least in the loose sense of the term. What Happened: Full story available on Benzinga.com.

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Global Economics Intelligence executive summary, May 2022

Mckinsey and Company

Central banks move against inflation; US industry expands while China’s economy contracts amid COVID-19 measures; supply challenges persist.

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More Trending

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CrossComply by AuditBoard Wins 2022 Fortress Cyber Security Award for Second Year Running

Audit Board

Best-in-breed information security compliance and IT risk solution to be showcased June 7-10 at Gartner’s Security & Risk Management Summit. . LOS ANGELES, CA — June 7, 2022 — The Business Intelligence Group today announced that AuditBoard CrossComply has won the 2022 Fortress Cyber Security Award in the Compliance category for the second year in a row.

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Pallet Logistics of America Acquires Propak

Benzinga

DALLAS, June 07, 2022 (GLOBE NEWSWIRE) -- Pallet Logistics of America ("PLA" or the "Company"), a portfolio company of Silver Oak Services Partners, LLC ("Silver Oak") and an asset-based pallet management services provider, has acquired Propak, a leading supply chain services provider. Founded in 1999 by Steve Clark, Propak is a leading national provider of Third-Party Logistics Services, Reverse Logistics Services, Warehousing, Transportation, and Freight Brokerage Servi

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Can decentralized identities help prevent scams in a digital future?

Avanade

To stay ahead, banks must rethink how they can safeguard consumers against cyberattacks such as scams and fraud without rolling back years of advancement they have made in customer experience.

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20 Years Later, WorldCom Is Still a Watershed Event for Internal Audit

Audit Board

I recall exactly where I was when I heard the dreadful news that WorldCom had admitted to inflating its earnings by $3.8 billion. It was June 25, 2002, and The IIA was gathered in Washington DC for its annual international conference. It was a scaled-back event in the wake of the 2001 terrorist attacks in New York and Washington, but there was still a lot of excitement in the air.

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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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Denver Broncos Pick Walton-Penner Family in Auction to Sell Team

NYT M&A

The Walton-Penner group was selected from among more than a dozen bidders for the N.F.L. team, which is expected to sell for a record price.

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Help When Needed: Apply the Research Credit Against Payroll Taxes

Machen McChesney

Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject to limits, you can elect to apply all or some of any research tax credits that you earn against your payroll taxes instead of your income tax. This payroll tax election may influence some businesses to undertake or increase their research activities.

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The McKinsey Crossword: Pride Month | No. 79

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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Compliance: Cost Saver or Cost Center

N Contracts

As financial institutions look to rein in costs to compete effectively in today’s economic environment, one critical area where they must be extremely careful about is compliance.

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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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Busted! Five myths about retail media

Mckinsey and Company

Retail media networks are transforming the advertising landscape and boosting top retailers’ bottom lines. Our latest survey helps debunk five mistaken beliefs about RMNs.

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Oracle Closing $28B Cerner Deal After Antitrust Nods

Law 360 M&A

Oracle Corp. said it plans to close its $28.3 billion acquisition of medical records giant Cerner Corp. on Wednesday, about a week after receiving the last required approvals for the transaction from antitrust enforcers.

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Warburg-backed news group Reorg Research hires bankers for sale

Financial Times M&A

Transaction could value specialist distressed debt and bankruptcy information provider at about $1.

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US Trustee Fee Hike Nixed, Infowars To Drop Its Ch. 11 Case

Law 360 M&A

The U.S. Supreme Court has struck down a law raising U.S. Trustee's Office fees, podcast conspiracy theorist Alex Jones is dropping Infowars' Chapter 11 case, and the Carolina Panthers' owner moved a real estate development venture into bankruptcy. This is the week in bankruptcy.

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Toshiba chief says he would be happy to be remembered for selling company

Financial Times M&A

Taro Shimada is presiding over the potential sale of one of Japan’s best known companies

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Rogers, Shaw Defend $20B Merger To Canadian Tribunal

Law 360 M&A

Telecommunications corporations Rogers Communications Inc. and Shaw Communications Inc. defended their planned $20 billion merger in Canadian antitrust tribunal proceedings, arguing that the merger won't negatively impact competition in the Canadian wireless services industry.

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Why Kohl's Shares Are Surging Today

Benzinga

Kohl's Corp (NYSE: KSS ) Board of Directors has entered into exclusive negotiations with Franchise Group Inc (NASDAQ: FRG ) over the potential sale. Franchise's bid of $60 per share constitutes a 42.5% premium to Kohl's closing price of $42.12 on June 6. Related : Full story available on Benzinga.com.

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May 2022 SAAR

Auto Dealer Valuation Insights

The May 2022 SAAR was 12.7 million units down 12.6% from last month and down 24.9% from May 2021. This month’s SAAR did not meet expectations, and the dip in May’s sales pace increases the likelihood that the second quarter of 2022 will not improve on the first quarter’s average SAAR of 14.1 million units. May’s SAAR was low due to limited inventory around the country, which is not news to anyone.

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Antelope Acquires Pet CBD Supplement And Treat Company, Diggin' Your Dog And Super Snouts

Benzinga

Antelope , an omni-channel, pet wellness platform focused on delivering high-quality, natural pet products and services, acquired Diggin’ Your Dog and Super Snouts , a leading supplier of high quality pet CBD supplements, health products and treats. With this partnership, Diggin’ Your Dog and Super Snouts will continue to operate under its brand name within Antelope, and Christy Love will continue as its CEO.

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Help When Needed: Apply the Research Credit Against Payroll Taxes

Machen McChesney

Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject to limits, you can elect to apply all or some of any research tax credits that you earn against your payroll taxes instead of your income tax. This payroll tax election may influence some businesses to undertake or increase their research activities.

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How much do UK startups raise?

Equidam

The current fundraising environment. There’s never been so much capital available for startups… and there has never been so many startups chasing it. The environment has grown rapidly, benefitting founders around the world. Despite that, there’s evidence to suggest that the number of pre-seed rounds has actually decreased. There is an increase in capital and an increase in capital per deal, but a decrease in the overall number of pre-seed deals.

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Better.com Duped Investors To Keep SPAC Deal, Ex-Exec Says

Law 360 M&A

A former executive for mortgage and real estate company Better.com claims she was fired after she complained that the company's CEO misled investors about the company's performance in order to make sure its plan to go public is successful, according to a lawsuit filed Tuesday in Manhattan federal court.

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Schneider Acquires deBoer Transportation For Undisclosed Sum

Benzinga

Schneider National Inc (NYSE: SNDR ) has acquired Wisconsin-based carrier deBoer Transportation. Deal terms were not disclosed. deBoer Transportation is a regional carrier headquartered in Blenker, Wisconsin. Schneider will assume ownership. Full story available on Benzinga.com.

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Telecom Owners Say Fight Over Counsel Belongs In Fla. Court

Law 360 M&A

The majority owners of a Latin American telecommunications tower operator say a federal judge in Florida should hold onto their attempt to remove their company's legal counsel in an ongoing battle over its ownership, claiming the representation row should not be arbitrated.

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Schneider Acquires Wisconsin-Based Carrier

Benzinga

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Schneider announced Tuesday the acquisition of assets from regional and dedicated truckload carrier deBoer Transportation. Terms of the transaction were not disclosed. The deal allows Schneider to assume control of the Blenker, Wisconsin-based carrier's fleet of 160 tractors and 660 trailers.

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Tivity Investors Win Cert. In Suit Over $1.3B Nutrisystem Deal

Law 360 M&A

A Tennessee federal judge Tuesday certified a class of Tivity Health Inc. investors who blame the healthcare company and its executives for a steep stock slump tied to its $1.3 billion acquisition of Nutrisystem Inc.

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6 Common Tax Deductions for Nonprofits with UBIT

Concannon Miller

Revenue generated by 501(c)(3) organizations is generally exempt from federal income tax. But in some cases, your nonprofit may incur unrelated business income tax (UBIT) on revenue. The good news is your annual tax return may offer some relief in the form of deductions.

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Payments Biz ACI Divests Banking Products Biz In $100M Deal

Law 360 M&A

Payments software company ACI Worldwide said Tuesday it's divesting its corporate online banking products business to private equity firm One Equity Partners for $100 million.

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Get state tax proactive – Net worth and indirect tax payments

Henry Horne

Business returns have been filed (or at least the extension) and COVID has moved from a pandemic to an endemic, so now is the time to address these state tax items that may have been put on the back burner. These proactive measures are intended to help companies conserve cash and respond nimbly to an … Keep Reading. The post Get state tax proactive – Net worth and indirect tax payments appeared first on Henry+Horne.

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Rising Star: Wachtell's Elina Tetelbaum

Law 360 M&A

Elina Tetelbaum of Wachtell Lipton Rosen & Katz co-led the team representing Kansas City Southern in its $31 billion acquisition by Canadian Pacific following a high-profile bidding war, landing her a spot among the mergers and acquisitions law practitioners under age 40 honored by Law360 as Rising Stars.

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