Thu.Dec 01, 2022

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Cybersecurity for Investors: Why Digital Defenses Require Good Governance

Harvard Corporate Governance

Posted by Diana Lee, AllianceBernstein, on Thursday, December 1, 2022 Editor's Note: Diana Lee is Director of Corporate Governance and an ESG Analyst for Responsible Investment team at AllianceBernstein. This post is based on her AllianceBernstein memorandum. Hacker attacks and data breaches have pushed cyber and data security to the top of company agendas everywhere.

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Debevoise & Plimpton Discusses the Myth of Artificial Intelligence Errors

Reynolds Holding

AMachines are increasingly making important decisions that have traditionally been made by humans, such as who should get a job interview or who should receive a loan. For valid legal, reputational, and technical reasons, many organizations and regulators do not fully trust machines to make these judgments by themselves. As a result, humans usually remain involved in AI decision making, which is referred to as a “human-in-the-loop.

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ESG Ratings: Considerations in Advance of Proxy Season

Harvard Corporate Governance

Posted by Michael Mencher, and Vince Flynn, Cooley LLP, on Thursday, December 1, 2022 Editor's Note: Michael Mencher is Special Counsel and Vince Flynn is an Associate at Cooley LLP. This post is based on their Cooley memorandum. As companies prepare for the 2023 proxy season, their ESG performance, as evaluated and rated by various third-party ratings providers, is a key focus.

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Five lessons from AI on closing quantum’s talent gap—before it’s too late

Mckinsey and Company

To ensure organizations have access to the quantum computing talent they need when they need it, leaders will have to upskill workers and create pathways for new talent, just as they did for AI.

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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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Will an SPD Posted on Our Company’s Intranet Satisfy ERISA’s Requirement That SPDs Be Delivered to Participants?

ThomsonReuters

QUESTION: We would like to post the SPD for our company’s health and welfare plan on the company intranet instead of delivering paper copies to participants. Would this delivery method satisfy ERISA? ANSWER: Yes, if certain requirements are met. ERISA requires that SPDs be delivered in a manner that is “reasonably calculated to ensure actual receipt.

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Kanye West, Parler Scrap Buyout Deal After Rapper's String Of Controversies — Conservative Platform To Look Elsewhere For Growth

Benzinga

Parler , the conservative alternative to Elon Musk’ s Twitter , said Thursday that it has mutually agreed with Kanye West , now known as Ye, to terminate its sale to the rap star. What Happened: Parlement Technologies, the parent of Parler, confirmed the “decision was made in the interest of both parties in mid-November.” Parler will continue to pursue future opportunities for growth and the evolution of the platform for our vibrant community.

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Kanye West’s Deal to Buy Parler Unravels

NYT M&A

The parent company of Parler, a social media service popular with right-wing audiences, said it had “mutually agreed with Ye” to end the deal.

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Procurement in Africa: Exercising a muscle for challenging times

Mckinsey and Company

Amid rising costs and increasing demand for raw materials, African companies may need to pull every available lever to maximize procurement efficiency.

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Estee Lauder Buys Tom Ford

Global Finance

While the acquisition was driven by the prestige of Tom Ford’s beauty segment, which includes signature scents, skin care and cosmetics, the deal also brings eyewear and apparel to Estee Lauder.

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Creating an inclusive environment in insurance

Mckinsey and Company

As one of the most diverse sectors for entry-level workers, the insurance industry has a unique opportunity to help marginalized people advance. It starts with creating an inclusive 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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Are you struggling to keep employees engaged?

N Contracts

Nationwide worker shortages have led to big challenges for financial institutions. Not only have they been hard-pressed to find talent but keeping engagement levels high remains a top issue. Just 50% of banking and credit union employees are highly engaged and job satisfaction levels in the U.S. continue to decline.

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How to transform your shipping company

Mckinsey and Company

After a few boom years, the global shipping industry faces a potential downcycle—but increased digitization can help companies prepare for volatility.

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DC, Calif., Ill. AGs Try Again To Block Albertsons' $4B Payout

Law 360 M&A

The District of Columbia, California and Illinois again asked a D.C. federal judge to block Albertsons' planned $4 billion shareholder payout, arguing Thursday that while their temporary restraining order was rejected, they're entitled to a preliminary injunction because further investigation shows the dividend will harm Albertsons.

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Plan Sponsor Alert: Roth 401(k) Remains Underutilized Despite Potential Benefits

Machen McChesney

While plan sponsors have been able to amend their 401(k) plans to include a post-tax deferral contribution called Roth for more than a decade, only 86 percent of plan sponsors have made it available to participants, according to the Plan Sponsor Council of America. Meanwhile, despite the potential benefits of such plans, just a quarter of participants who have access to the Roth 401(k) option use it.

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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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Charting the global energy landscape to 2050: Emissions

Mckinsey and Company

At the end of COP27, concerns are growing that a 1.5º Pathway is getting out of sight. Our latest Global Energy Perspective offers important insight on how temperature increases vary across scenarios.

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DirecTV Streamers Join Tying Fight With Disney Over ESPN

Law 360 M&A

Walt Disney Corp. has been hit with a proposed antitrust class action in California federal court accusing the company of a scheme to hike streaming live pay television prices through a series of agreements with competitors that required them to carry its ESPN channel on their platforms.

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Bahrain’s Investcorp buys US private credit manager for $200mn

Financial Times M&A

Middle Eastern investors flush with cash push into sector in search for yield

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Unions Call Tegna Deal 'Template' For Hedge Funds

Law 360 M&A

Unions opposing broadcast company Tegna's $8.6 billion go-private deal with hedge fund Standard General have told a member of the Federal Communications Commission the deal would provide a "template" for hedge funds to buy up, hollow out and then exit their investments in local journalism.

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Jan 2023

M&A Leadership Council

Event Dates: 2023-01-17T09:00:00-06:00 to 2023-01-17T12:30:00-06:00 2023-01-18T09:00:00-06:00 to 2023-01-18T12:30:00-06:00 2023-01-19T09:00:00-06:00 to 2023-01-19T12:30:00-06:00 Location: Live-Online / Zoom. Register Now. NEW for 2023: M&A Leadership Council’s The Art of M&A® live-online and in-person training courses will be structured around the M&A Milestone Map™ our proprietary process framework.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Tweet. This past month I have been attending industry events and actively working with our staff on new member resources and association development initiatives preparing for the new calendar year. ASA takes Miami –. I welcomed November in Florida while attending the Corporate Jet Investor (CJI) Miami Conference as a moderator for the session How to Read the Market.

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Jan 2023

M&A Leadership Council

Event Dates: 2023-01-17T09:00:00-06:00 to 2023-01-17T12:30:00-06:00 2023-01-18T09:00:00-06:00 to 2023-01-18T12:30:00-06:00 2023-01-19T09:00:00-06:00 to 2023-01-19T12:30:00-06:00 Location: Live-Online / Zoom. Register Now. NEW for 2023: M&A Leadership Council’s The Art of M&A® live-online and in-person training courses will be structured around the M&A Milestone Map™ our proprietary process framework.

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Digital Assets’ Potential Benefits and Risks

Trout CPA

Digital assets such as cryptocurrencies and non-fungible tokens (NFTs) are growing and disrupting the way consumers and businesses pay, bank, and invest. A recent survey by Capitalize found that 60 percent of respondents would like a cryptocurrency investment option in their 401(k) plans. Several service providers, including Fidelity, have responded to that request by offering 401(k) participants direct but limited cryptocurrency investment options.

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Jan 2023

M&A Leadership Council

Event Dates: 2023-01-17T09:00:00-06:00 to 2023-01-17T12:30:00-06:00 2023-01-18T09:00:00-06:00 to 2023-01-18T12:30:00-06:00 2023-01-19T09:00:00-06:00 to 2023-01-19T12:30:00-06:00 Location: Live-Online / Zoom. Register Now. NEW for 2023: M&A Leadership Council’s The Art of M&A® live-online and in-person training courses will be structured around the M&A Milestone Map™ our proprietary process framework.

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FCF Interest & Corporate Loan Monitor Q3/2022 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is pleased to publish the new “FCF Interest & Corporate Loan Monitor Q3/2022”. FCF regularly conducts comprehensive research regarding the German corporate loan and interest market, based on publically available. Read more. The post FCF Interest & Corporate Loan Monitor Q3/2022 published appeared first on FCF Fox Corporate Finance GmbH.

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General Electric Board Approves Healthcare Division Spinoff, Likely To Begin Trading On January 4

Benzinga

General Electric Co's (NYSE: GE ) board approved the previously announced spinoff of its healthcare business, GE Healthcare Holding LLC. Before such a spinoff, GE HealthCar e will likely be converted into a corporation and renamed GE HealthCare Technologies Inc. The company will likely begin trading on Nasdaq on January 4, 2023, under the ticker "GEHC.

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Nuts And Bolts Biz To Buy Industrial Supplier For Up To £36M

Law 360 M&A

Component maker Essentra PLC said on Thursday it has bought Wixroyd Holdings Ltd., a U.K. supplier of industrial parts for the engineering sector, for up to £36.5 million ($45 million) in a bid to boost sales.

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General Electric, L3Harris Competed For Aerojet Takeover

Benzinga

Industrial conglomerate General Electric Co (NYSE: GE ) and defense contractor L3Harris Technologies, Inc (NYSE: LHX ) were among those competing to acquire rocket maker Aerojet Rocketdyne Holdings, Inc (NYSE: AJRD ). Aircraft producer Textron Inc (NYSE: TXT ) and private equity firm Veritas Capital also vied to snap El Segundo, California-based Aerojet, which has a market value of about $4 billion, Reuters reported.

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What Is The Denominator Effect?

Benchmark Report

When it comes to selling your business, and you are considering waiting or pausing, there are several factors to consider, such as market conditions and interest rates. But there is also something called the denominator effect.

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Roth 401(K) Remains Underutilized Despite Potential Benefits

Trout CPA

While plan sponsors have been able to amend their 401(k) plans to include a post-tax deferral contribution called Roth for more than a decade, only 86 percent of plan sponsors have made it available to participants, according to the Plan Sponsor Council of America. Meanwhile, despite the potential benefits of such plans, just a quarter of participants who have access to the Roth 401(k) option use it.

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Chris Mercer to Speak at the December 2022 NACVA Super Conference

Auto Dealer Valuation Insights

Christopher Mercer, FASA, CFA, ABAR will be speaking in person at the National Association of Certified Valuators and Analysts’ 2022 Business Valuation & Financial Litigation Hybrid & Virtual Super Conference in Fort Lauderdale, Florida on December 16th, 2022. Chris’s session is titled “A Potpourri of Things You Can Do with the Integrated Theory of Business Valuation: Valuation Is All About.

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2022 Required Amendments List Includes No Changes in Qualification Requirements

ThomsonReuters

IRS Notice 2022-62 (Nov. 21, 2022). Available at [link]. The IRS has issued its 2022 Required Amendments List (RA List) for individually designed qualified retirement plans (including 401(k) plans) and 403(b) plans. This year’s list does not identify any qualification changes that require plan amendments. RA Lists are issued annually to identify changes in the Code’s qualification requirements that may result in “disqualifying provisions” that necessitate a remedial amendment (see our Checkpoin

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AuditBoard Survey Finds Internal Audit Resources Misaligned With Key Risks

Audit Board

Most significant gaps of coverage are in talent, macroeconomic factors, and business model disruption. LOS ANGELES, CA - December 1, 2022 – AuditBoard , the leading cloud-based platform transforming audit, risk, and compliance management, today announced the release of its 2023 Focus on the Future report based on an annual survey of internal audit leaders across North America.

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DOL Proposes to Amend Its Voluntary Fiduciary Correction Program to Permit Self-Correction of Failures to Timely Transmit Contributions and Loan Repayments

ThomsonReuters

Proposed Amendments to Voluntary Fiduciary Correction Program, 87 Fed. Reg. 71164 (Nov. 21, 2022); Proposed Amendments to PTE 2002-51, 87 Fed. Reg. 70753 (Nov. 21, 2022). Proposed VFC Amendments. Proposed PTE Amendments. News Release. The Department of Labor’s Employee Benefits Security Administration (EBSA) maintains and enforces a Voluntary Fiduciary Correction Program (VFC Program) to encourage plan sponsors and fiduciaries to voluntarily comply with ERISA and allow responsible parties with p

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Top Takeaways From the 2023 Focus on the Future Report

Audit Board

2023 Focus on the Future , AuditBoard’s latest survey of leading internal audit executives, finds internal auditors appear to be coasting in increasingly turbulent times. Despite repeated signs of a looming economic slowdown that could further impact businesses in the year ahead, internal auditors are generally optimistic about their budgets and available talent. .