Thu.Nov 10, 2022

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Building Effective Cybersecurity Governance

Harvard Corporate Governance

Posted by Orla Cox and Hetal Kanji, FTI Consulting , on Thursday, November 10, 2022 Editor's Note: Orla Cox and Hetal Kanji are Directors of Strategic Communications, and Simon Onyons is a Managing Director at FTI Consulting. This post is based on their FTI memorandum. Executive Summary. Digitalisation has changed the way companies operate and given rise to a rapidly evolving set of risks that companies face and must prepare for – cybersecurity risks.

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Tips for Developing Your Economic Overview

BVR

Understanding all of the elements that go into valuing your business can seem like an overwhelming task. But A Field Guide to Business Valuation has insights to make it less of a challenge. With this post, we focus on Chapter 6.

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The Corporate Contract and Shareholder Arbitration

Harvard Corporate Governance

Posted by Mohsen Manesh (University of Oregon), Joseph Grundfest (Stanford University), on Thursday, November 10, 2022 Editor's Note: Joseph A. Grundfest is William A. Franke Professor of Law and Business at Stanford Law School and Mohsen Manesh is Professor at University of Oregon School of Law. This post is based on their recent paper. This post is part of the Delaware law series ; links to other posts in the series are available here.

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Building a world-class Dutch start-up ecosystem

Mckinsey and Company

A strategy to both increase the number of start-ups and facilitate their ability to scale can elevate the Netherlands to a global leader in the world of entrepreneurship ecosystems.

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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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Are Health Plans Required to Cover Emergency Contraceptives?

ThomsonReuters

QUESTION: Is our group health plan required to cover emergency contraceptives, including those that are available over-the-counter? ANSWER: Consistent with Health Resources and Services Administration (HRSA) guidelines, nonexempt health plans must cover without cost-sharing FDA-approved emergency contraception (levonorgestrel or ulipristal acetate), including over-the-counter (OTC) products, when the product is prescribed by an attending provider.

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When things get rocky, practice deliberate calm

Mckinsey and Company

When faced with an unfamiliar crisis, most leaders spring into action. But wait—here’s why it’s better for those in charge to pause instead of pounce.

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More Trending

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Ceradyne Ruling Adds Wrinkle To Bump-Up Exclusion Fight

Law 360 M&A

Liberty Mutual's summary judgment win over Ceradyne offers a much-needed boost to insurers in the ongoing battle to interpret the "bump-up" exclusion in directors and officers policies, although policyholder attorneys have mixed views on how harmful the ruling may prove to be for companies seeking coverage.

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Global Economics Intelligence executive summary, October 2022

Mckinsey and Company

Growth rebounds in the United States and China; eurozone inflation reaches new heights as tightening continues; energy, climate reports paint a sober picture.

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Rio Tinto’s bid for Turquoise Hill hits snags

Financial Times M&A

Regulators cite ‘public interest concerns’ and shareholders object to offer for mining group with stake in Oyu Tolgoi project

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Good and bad advice on cybersecurity audits

Norman Marks

It happens so often, its almost not worth my time writing about it. Grant Thornton, like the other external audit firms, provides internal audit services as well. To promote them, they offer advice on matters such as how to perform audits of an organization’s cybersecurity measures and practices. This week, they published It’s time to […].

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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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How agtech start-ups can survive a capital drought

Mckinsey and Company

Although agtech investment has fallen from last year’s peak, the surge in capital for start-ups over the past decade has created opportunities for smaller companies.

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META Lesson 2: Accounting Inconsistencies and Consequences

Musings on Markets

In my last post, I used Facebook's recent troubles to talk about the importance of corporate governance, and how we, as investors, have abandoned the power to change management at many younger tech companies in return for being able to invest in young tech companies, with growth potential and well-regarded founders. In this post, I will revisit Facebook's most recent earnings report, and argue that while it contained disappointing news on growth and profitability, the bad news was exaggerated by

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New Accounting Rules for Supplier Finance Programs

Machen McChesney

Does your company use supplier finance programs to buy goods or services? If so, and if you must adhere to U.S. Generally Accepted Accounting Principles (GAAP), there will be changes starting next year. At that time, you must disclose the full terms of supplier finance programs, including assets pledged to secure the transaction. Here are the details of this new requirement under GAAP.

Finance 70
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Why A Tailored Antitrust Compliance Program Is Now Crucial

Law 360 M&A

Attorneys at Perkins Coie analyze three trends that make customized antitrust compliance programs more important than ever, providing guidance on how companies can begin to craft catered policies to fit their business needs.

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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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Tim Koller on the timeless truths of corporate finance

Mckinsey and Company

An expert on value creation shares insights from 20 years of leading McKinsey on Finance.

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ABA's No-Contact Rule Advice Raises Questions For Lawyers

Law 360 M&A

The American Bar Association's ethics committee recently issued two opinions concerning the no-contact rule — one creates an intuitive and practical default for electronic communications, while the other sets a potential trap for pro se lawyers, say Lauren Snyder and Deepika Ravi at HWG.

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Top five Aveva investor to reject Schneider’s ‘opportunistic’ takeover bid

Financial Times M&A

Hedge fund Davidson Kempner joins traditional long-only investors in opposing the deal

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Activision Investor Sues In Delaware Over Microsoft Merger

Law 360 M&A

Activision Blizzard hastily arranged a bargain merger with Microsoft to insulate its CEO from the blowback from a series of discrimination and harassment scandals at the video game company, according to an investor suit filed in Delaware Chancery Court.

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Year end restaurant accounting

Henry Horne

It’s that time of year. Are your books ready? Here are tips to get your restaurant accounting up to speed for the new year. The end of the year doesn’t have to be a mad dash to get your restaurant business’s books in order for tax season. With the right best practices, organization and software … Keep Reading. The post Year end restaurant accounting appeared first on Henry+Horne.

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FTX Bankruptcy Could Spark Blizzard In Crypto Winter

Law 360 M&A

The sudden downfall and potential bankruptcy of cryptocurrency exchange FTX could make the ongoing crypto winter a lot colder as the effects of its collapse are expected to ripple out through a crypto space where account holders are already fighting to recover their digital assets from failed platforms, experts say.

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How best-in-class tax software saves companies time and money

ThomsonReuters

In any large company, the idea of achieving greater “efficiency” is really an ongoing effort to increase profitability by finding ways to modify various systems, processes, and workflows in order to save time and money. Tax departments must also take into account external factors such as inflation and rising interest rates, which add pressure to contain costs and minimize leakage.

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FTX’s Sam Bankman-Fried Says He Is Trying to Raise More Money

NYT M&A

Sam Bankman-Fried told employees that he wanted to reinforce his company’s finances after a collapse that is drawing scrutiny from regulators.

Finance 70
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M&A: Getting a Handle on Risk and Compliance During the Acquisition Process

N Contracts

Whether your institution is looking to acquire or be acquired, it’s important to have a good handle on risk.

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Winning direct-to-consumer strategies for auto OEMs in China

Mckinsey and Company

Engaging with auto customers directly is becoming a make-or-break strategy for OEMs.

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Understand Both Price and Value to Achieve a Successful Transition

Value Scout

Key Takeaways: When it comes to exiting a business, a significant misunderstanding is that the value of a company is equal to the price that a buyer will pay. The truth is companies regularly sell for much more (or much less) than their perceived fair market value – real-world markets are not fair. When it comes to exiting a business, knowing the difference between price and value is critical to understanding the game’s rules and driving to a successful exit.

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Wash. Judge Extends Block On $4B Albertsons Payout 

Law 360 M&A

A Washington state judge extended a block for a week on Albertsons' planned $4 billion shareholder dividend ahead of a merger with Kroger, ordering executives at the grocery chains to testify in court to back up their claims that the payout would leave the company in a healthy position to compete.

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Nine Types of Insurance for Your Small Business (And Why You Need Them)

Biz Equity

Just like health insurance and auto insurance provide personal protection in case of accident, illness or injury, business insurance protects you from unanticipated costs and potential reputational risks that could seriously impact your business, including accidents on your property, theft, lawsuits, and natural disasters.

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DC AG Sues NFL, Commanders Over Toxic Workplace

Law 360 M&A

The NFL, its commissioner Roger Goodell, the Washington Commanders and team owner Daniel Snyder lied to fans about their willingness to comply with a league-led investigation into claims that the team fostered a toxic workplace environment to protect profits, according to a lawsuit filed Thursday by the D.C. attorney general.

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Exit Strategies Group Advises Excelsior in Sale to Ryerson

Exit Strategy

Fresno, California, November 10, 2020 – Exit Strategies Group, Inc. is pleased to announce that it served as the exclusive M&A advisor to the owners of metal fabrication and machining company Excelsior Inc. on their successful sale to Ryerson (NYSE: RYI). Deal terms were not disclosed. Founded in 1996, Excelsior is a California-based metal fabrication […].

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PTET and potential administrative headaches

Henry Horne

If you are not up to date on the latest tax terminology and do not know what PTET is, then you may want to click here. Don’t miss: 2022 changes to Arizona tax credits In this third and final segment, I want to talk about some of the administrative issues we are beginning to think … Keep Reading. The post PTET and potential administrative headaches appeared first on Henry+Horne.

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Australia's Origin Energy Bags $10B Takeover Offer

Benzinga

Australia’s Origin Energy Ltd (OTC: OGFGY ) (OTC: OGFGF ) bagged a takeover proposal worth around $10 billion from a consortium led by Brookfield Asset Management Inc. (NYSE: BAM ). Origin said the consortium comprising Brookfield and the LNG arm of private-equity firm EIG had indicated it would make a cash offer at 9 Australian dollars a share, equivalent to $5.79.

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Benchmark International Facilitated the Transaction of NMC Exteriors and Remodeling to Gauge Capital / Apple Roofing

Benchmark Report

The seller, NMC Exteriors, is a Minneapolis, MN based residential and commercial roofing and siding provider with 20+ years serving homeowners and businesses in the greater Minneapolis area. NMC’s commitment to quality has propelled them to be a market leader in their community. They have achieved an A+ accreditation from the Better Business Bureau and have been awarded the Platinum Preferred Contractor by Owens Corning.

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Wage inflation And The High Cost Of Fuel: Creating Favorable Economic Conditions For Acquisitions And Crowdfunding?

Benzinga

Interested in investing in the ACFN’s campaign? Click here to get started. ACFN Franchised Inc. is a unique franchisor providing opportunities to American entrepreneurs who are interested in opening a part-time franchise. ACFN has 220 franchises in 46 states and serves over 2,700 corporate clients nationwide. ACFN leverages its franchise model to dramatically cut costs creating a sustainable competitive advantage vs other companies in the industry operating traditional corporate models.

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IRS Expands and Modifies Determination Letter and Remedial Amendment Guidance for Individually Designed Retirement Plans

ThomsonReuters

Rev. Proc. 2022-40 (Nov. 7, 2022). Revenue Procedure. News Release. The IRS has issued Revenue Procedure 2022-40, containing updated remedial amendment and determination letter submission rules for retirement plans. It modifies procedures set forth in Revenue Procedure 2016-37 (see our Checkpoint article ) and incorporates intervening guidance on hybrid and merged plans (see our Checkpoint article ).