Wed.Jul 20, 2022

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The Long and Winding Road to Financial Reporting Standards

Harvard Corporate Governance

Posted by Robert Eccles (Oxford University), and Kazdi Soonawalla (Oxford University), on Wednesday, July 20, 2022 Editor's Note: Robert G. Eccles is Visiting Professor of Management Practice, and Kazdi Soonawalla is a Senior Research Fellow in Accounting at Oxford University Said Business School. This post is based on the first part of a three-part series on financial reporting by Professor Eccles and Professor Soonawalla.

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Demand for online education is growing. Are providers ready?

Mckinsey and Company

Growing competition in online education suggests providers may need to take bold action. Five strategic moves could help them compete and grow while meeting the needs of learners.

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SEC Increases the Unpredictability of the Shareholder Proposal No-Action Process

Harvard Corporate Governance

Posted by Marc S. Gerber and Ryan J. Adams, Skadden, Arps, Slate, Meagher & Flom LLP, on Wednesday, July 20, 2022 Editor's Note: Marc S. Gerber is partner and Ryan J. Adams is counsel at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on their Skadden memorandum. Key Points. Numerous no-action letters relating to the 2022 proxy season overturned both recent and long-standing precedent, creating a level of uncertainty that companies will need to factor into their future no-ac

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What Internal Audit Gets Wrong when Assessing Cybersecurity Risk

Internal Audit 360

GUEST BLOG: O ne of the challenges when it comes to so-called “cybersecurity risk” is in accepting and then applying the idea that cyber is not an “IT risk.” No. It’s a business risk. That is easy to say, and it makes all the sense in the world. However, people tend to apply it only when talking about the fact that the whole organization, the entire business, has to be involved in preventing and then responding to a breach.

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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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Navigating the Shifting ESG Landscape and Its Impacts on Value Chains

Harvard Corporate Governance

Posted by Sarah Fortt, Julia Hatcher, and Angela Walker, Latham & Watkins LLP, on Wednesday, July 20, 2022 Editor's Note: Sarah Fortt and Julia Hatcher are partners and Angela Walker is an associate at Latham & Watkins LLP. This post is based on their Latham memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

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How to Make Better Business Decisions in Your Next Strategic Planning Session

Rhythm Systems

The best companies are already starting their Annual Strategic Planning process for 2023. They're engaging in pre-planning activities like. budgeting , brainstorming, gathering data and insights, and scheduling time for the team to hash out any major decisions. We don't have a crystal ball, but we can be confident that the year ahead will hold plenty of. uncertainty as there are so many factors outside of our control - what will happen with the economy, the war in Ukraine, new COVID-19 variants,

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Imagine Running the Lawn Mower Industry Like the Appraisal Industry

Appraisers Blog

I’m on about lawn mowing lately. It’s my new full time passion. The appraisal industry should be as straight forward as lawn mowing, but due to the special interests pressures within the value industry, it has become convoluted and dysfunctional. Can you imagine if they ran the lawn mower industry like they try to run the appraisal industry? Like, we don’t care if that lawn is on slope or not, you can only use this mower and you’re not allowed to be versatile and use anything else.

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The Role of Transaction Costs in Common Ownership

Reynolds Holding

“Common Ownership” arises when shareholders hold substantial stakes in different firms that impose externalities on each other, and it challenges the assumption that firms act to maximize their own profits. While firm decisions are ordinarily made by its board of directors and managers, most shareholders retain control over the appointment and dismissal of directors.

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How to Conduct a Meeting Audit to Eliminate Waste

Rhythm Systems

Take a look at your calendar. If you’re like most executives, you’re booked up with meetings weeks in advance. As we all know, meetings can sometimes be a real waste of time and can create meeting madness! At Rhythm Systems, we help our clients establish the right rhythm or cadence of meetings and use best practices to ensure the time spent in meetings is valuable.

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Meggitt’s US suitor agrees deal with UK ministers to let £6.3bn takeover proceed

Financial Times M&A

Parker-Hannifin given go-ahead for aerospace group after making commitments including pledge to increase R&D spending by 40%

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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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Credit Union Fair Lending: The Most Common Mistakes & Violations

N Contracts

We have known for a while now that fair lending is a regulatory hot topic and that banks, mortgage companies, and fintech companies should be on guard. Credit unions should also be on alert, according to the National Credit Union Administration (NCUA).

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How can individuals use their influence for positive change?

Mckinsey and Company

Collaborative action across multiple sectors could help solve society’s most complex challenges.

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Mergers destroy value. Without reform, nothing will change

Financial Times M&A

The M&A playbook of warped incentives, rent extraction and creative accounting is overdue a rewrite

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Stephen King To Take The Stand In DOJ Publisher Merger Suit

Law 360 M&A

The U.S. Department of Justice told a D.C. federal judge that it plans to call legendary scribe Stephen King to testify at trial next month in the federal government's challenge to Penguin Random House LLC's $2.18 billion bid to buy Simon & Schuster.

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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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What's the Deal With Health Savings Accounts?

Machen McChesney

Health savings accounts are paired with high-deductible health plans for an especially adaptable insurance and savings program. HDHPs have large deductibles that members must meet before receiving coverage. Participants meet those deductibles by contributing their own money to HSAs. The government does not tax these funds as long as they're used to pay for qualified medical expenses.

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Crypto Miner, SPAC Cancel Plans For $294M Merger

Law 360 M&A

In the latest canceled SPAC merger, cryptocurrency miner VCV Digital Technology and special purpose acquisition company Fortune Rise Acquisition Corp. have scrapped tie-up plans that would have taken VCV public valued at about $294 million, according to a regulatory filing Wednesday.

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In Twitter vs Musk, the just outcome would be out of court

Financial Times M&A

The seller-friendly contract contains a nuclear option to force a purchase

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NPX Capital Pays $160M For Korean Webtoon Provider

Law 360 M&A

Terapin Studios Inc., a portfolio company of investment firm NPX Capital, has acquired webtoon platform Toomics for $160 million, NPX said Wednesday.

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The man engineering a once-in-a-generation break-up

Financial Times M&A

Plus, Sequoia tries to align with Beijing and JPMorgan wants to compete with direct lenders

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Navigating the Coming Regulatory Risk Tsunami With IRM

Audit Board

One of the primary characteristics of a major economic downturn is a subsequent wave of regulation. Why is this? Typically, as the tide of capital gains and outsized profits recedes, a host of problems are exposed. As Warren Buffett famously exclaimed, “only when the tide goes out do you discover who has been swimming naked!” We are experiencing that now with the added impact of the Great Pandemic.

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How a ‘materials transition’ can support the net-zero agenda

Mckinsey and Company

As the energy transition continues, advances toward low-emissions materials and the circular economy can also speed progress to net zero. Research on Europe shows the value in such a materials transition.

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Remote Employees’ Transportation and Travel to the Office: Taxable or Nontaxable?

Trout CPA

Many businesses are now allowing employees great flexibility to choose their work location. A common work arrangement allows an employee to regularly work remotely (e.g., from their personal residence) and to work in the employer’s office as needed. Employers are asking whether the expenses incurred by the remote employee to travel to the office can be reimbursed on a tax-free basis.

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How Vulcan Materials Saves Hundreds of Hours on SOX Testing

Audit Board

In our Spotlight on Success series, Maggie Bolin, Internal Audit Manager of Vulcan Materials , shares how her team has leveraged technology to gain significant time savings on their SOX compliance work. Headquartered in Birmingham, AL, Vulcan Materials is America’s largest producer of construction aggregates, and a major producer of aggregates-based construction materials, including asphalt and ready-mixed concrete.

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Portage Biotech Shares Gain On Buying Outstanding Minority Interest In iNKT Platform

Benzinga

Portage Biotech Inc (NASDAQ: PRTG ) acquired the remaining 22% stake in its invariant natural killer T cell (iNKT agonist) platform and now wholly owns the worldwide rights to its small molecule iNKT agonists, including lead programs PORT-2 and PORT-3. The platform was acquired through Portage's iOx Therapeutics Ltd. subsidiary. Full story available on Benzinga.com.

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Get to know your 401k plan rules

Henry Horne

Have you ever heard the quote by Peter Lynch, “Behind every stock is a company. Find out what it’s doing?” Well, I am going to alter that and say, behind every 401k there is a plan. Find out what is in it. Read it. I am speaking from experience here. Knowing your 401k plan rules … Keep Reading. The post Get to know your 401k plan rules appeared first on Henry+Horne.

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SPAC vs IPO: Performance, Excel Model Differences, Trade-Offs, and Retail Investors

Brian DeChesare

About a year and a half ago, I published an article and video about SPACs (Special Purpose Acquisition Vehicles) that attracted a fair amount of controversy. Now that the market has had a major correction and we’ve seen many SPAC deals play out, I wanted to look back and see if my views have changed. I also want to make more of a proper SPAC vs IPO comparison from the perspective of both companies and investors.

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DOJ Cartel Prosecutor Joins Norton Rose Fulbright In DC

Law 360 M&A

A U.S. Department of Justice trial attorney who focused on antitrust and white collar crime enforcement has jumped to Norton Rose Fulbright's Washington, D.C., office as a partner, the firm announced Tuesday.

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Benchmark International Successfully Facilitated the Transaction Between South Florida Shopworks Inc. and Fullsteam, LLC

Benchmark Report

Benchmark International is pleased to announce the successful transaction between South Florida Shopworks, Inc and Fullsteam, LLC. South Florida Shopworks, Inc. is one of the leading all-in-one business software companies, with over 29 years of experience, focused on providing business management software solutions to the embellished products industry, and is located in West Palm Beach, Florida.

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Eversheds Sutherland Adds Ex-Mohawk Industries Attorney

Law 360 M&A

Eversheds Sutherland has added the former deputy general counsel at global flooring manufacturer Mohawk Industries Inc., bolstering its corporate practice in Atlanta with an attorney who also spent considerable time with Alston & Bird LLP.

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Promouvoir la rétention des employés clés d’une entreprise dans le cadre d’une transaction

Deal Law Wire

La rétention de la main-d’œuvre clé représente plus que jamais un enjeu d’envergure pour les sociétés. Le caractère intuitu personae du contrat d’emploi participe à cet enjeu puisque, considérant la nature et l’aspect personnel de ce type de contrat, il est impossible de forcer un employé à demeurer à l’emploi d’une entreprise et tout changement se rapportant à l’employeur est susceptible de motiver des employés clés à mettre un terme à leur lien d’emploi.

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Gov't OKs Parker Hannifin's £6.3B Bid For UK Aerospace Co.

Law 360 M&A

The U.K. government has given the green light to the proposed £6.3 billion ($7.6 billion) acquisition by Parker Hannifin Corp. of a British engineering services company, concluding a review of the merger it launched in October.

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Antitrust: FTC Challenges M&A Non-Compete

John Jenkins

This Fenwick memo discusses a proposed FTC consent order involving a completed acquisition that targets the terms of the non-competition language included in the acquisition agreement.

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Holland & Knight Adds Private Equity, M&A Partner In Texas

Law 360 M&A

Holland & Knight LLP said Wednesday that it has brought on a former Reed Smith LLP attorney to join its mergers and acquisitions and private equity practice in Texas.

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BMG to spend up to $1bn on music rights this year as others pull back

Financial Times M&A

Bertelsmann-owned company sees buying opportunity as boom for songs and recordings subsides

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