Tue.Aug 29, 2023

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New Ruling Highlights Unintended Consequences of Excluding Officers from Fiduciary Duty Waivers

Harvard Corporate Governance

Posted by Benet J. O'Reilly and Lina Dayem, Cleary Gottlieb Steen & Hamilton LLP, on Tuesday, August 29, 2023 Editor's Note: Benet J. O’Reilly is a Partner and Lina Dayem is an Associate at Cleary Gottlieb Steen & Hamilton LLP. This post is based on their Cleary memorandum and is part of the Delaware law series ; links to other posts in the series are available here.

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Redpath and Company Names Ryan Everhart as Firm's Managing Partner

Redpath

SAINT PAUL, MINNESOTA (AUGUST 29, 2023) — Redpath and Company (Redpath), one of the nation’s top 120 accounting and advisory firms, has named Ryan Everhart, CPA, as managing partner effective October 1, 2023.

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Dealing with Activist Hedge Funds and Other Activist Investors

Harvard Corporate Governance

Posted by Martin Lipton, Wachtell Lipton Rosen & Katz, on Tuesday, August 29, 2023 Editor's Note: Martin Lipton is a founding partner of Wachtell, Lipton, Rosen & Katz, specializing in mergers and acquisitions and matters affecting corporate policy and strategy. This post is based on a Wachtell Lipton memorandum by Mr. Lipton, Steven A. Rosenblum , Karessa L.

Dividends 188
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Inspector General’s Office Reviewing Labor Department’s Efforts to Stop Child Labor Law Violations

ThomsonReuters

Federal labor law for children The Fair Labor Standards Act (FLSA) establishes minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in the private sector and in federal, state, and local governments. Federal child labor laws are designed to protect the educational opportunities of minors and prohibit their employment in jobs and under conditions detrimental to their health or well-being.

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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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Do Corporations Retain Too Much Cash? Evidence from a Natural Experiment

Harvard Corporate Governance

Posted by Hwanki Brian Kim (Baylor University), Woojin Kim (Seoul National University), and Mathias Kronlund (Tulane University), on Tuesday, August 29, 2023 Editor's Note: Hwanki Brian Kim is an Assistant Professor of Finance at Baylor University; Woojin Kim is a Professor of Finance at Seoul National University; and Mathias Kronlund is an Assistant Professor of Finance at Tulane University.

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Empowering Black, Latina, and Native American women in tech

Mckinsey and Company

The representation of Black, Latina, and Native American women in tech jobs is declining despite their rising share of tech degrees. Inclusive policies and practices could help companies retain them.

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How to ensure your family business culture is a good one

JPAbusiness

Often people talk about family businesses as having a very efficient business culture – more so than non-family businesses. From our experience, that’s correct – there are indeed a number of positive elements to a family business culture that help drive success internally, particularly regarding organic growth in the business.

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Centene to sell GP clinics and hospitals in exit from UK market

Financial Times M&A

US health insurer faced anti-privatisation protests and hospital integration proved tricky

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What promise does V2X hold for fleets?

Mckinsey and Company

With bidirectional technology, EV fleets can earn revenue by powering the grid, homes, and buildings. What is V2X’s full potential, and what will drive widespread adoption in the United States?

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Inside Goldman Sachs’ private equity partnership with China

Financial Times M&A

Plus, Europe’s challenger banks face challenges of their own and investors pull back on alternative investments

Equity 91
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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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Paper wealth or wealth based on productivity – what happens next?

Mckinsey and Company

The global balance sheet – the sum of all assets and liabilities in the world economy – has expanded continuously for the past two decades. But while its rise has been faster than during this soaring of the world's 'wealth on paper', productivity has slowed and investment dwindled. Boosting productivity is imperative and that requires savings flowing into productive investment and accelerated adoption of digital technologies, write Sven Smit and Jan Mischke in World Economic Forum.

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Struggling Gam’s board to step down after failure of Liontrust deal

Financial Times M&A

Activists who disrupted deal will put forward new board at September EGM

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The McKinsey Crossword: “Can We Talk?” | No. 143

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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Valuing a Drugstore or Pharmacy

Peak Business Valuation

Businesses in the pharmaceutical industry sell a wide range of prescription and over-the-counter medications. Pharmacies may also sell beauty products, consumable goods, and toiletries. In recent years, the pharmaceutical industry has seen healthy revenue and profit growth. IBIS World predicts that this trend will continue in the coming years. This is ideal if you are looking to buy , expand , or sell a pharmacy or drugstore.

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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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The Importance of Due Diligence in M&A Transactions

National Law Review M&A

Louis Lehot Eric Chow Jurisdiction: All Federal Type of Law: Tax Mergers & Acquisitions Corporate & Business Organizations Financial Institutions & Banking Special highlight:

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AuditBoard Survey Reveals Two-Thirds of Organizations Have Not Implemented ESG Controls to Ensure Accuracy of Data

Audit Board

Responses illuminate the level of preparation still needed by many enterprises to comply with the anticipated U.S. Securities and Exchange Commission ESG rules. LOS ANGELES, CA - August 29, 2023 – AuditBoard , the leading cloud-based platform transforming audit, risk, ESG, and compliance management, today announced the release of their 2023 ESG Maturity Benchmarking Report: Accelerating ESG Transformation.

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Review of Key Economic Indicators for Family Businesses

Auto Dealer Valuation Insights

Now that economic data for the second quarter of 2023 has been released and made available over the last several weeks, we take a look at the tale of the tape in this week’s post. The U.S. economy continued to flourish in the second quarter of 2023, bolstered by growth in GDP above consensus estimates and continued low levels of unemployment. These favorable developments flew in the face of the.

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Risk and Audit Transformation in the Era of Permacrisis: Imperatives for 2024 and Beyond

Audit Board

The world has always known chaos. But the 2020s are a different kind of chaos, with one risk-disruptive crisis after another, from COVID, supply chain woes, and war in Ukraine to inflation, waning confidence in banking and the capital markets, climate impacts, domestic political polarization, and more. As each new crisis unfolds, none of the previous crises have gone away — and before we can fully diagnose the crisis that has just emerged, we’re onto the next one.

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Scaling Marketing and Advertising Agencies: The Power of the Rhythm System

Rhythm Systems

Marketing and advertising agencies operate in a dynamic and competitive landscape, where creativity and innovation are essential for success. However, as these agencies grow and take on more clients and projects, they often face a set of unique challenges that can hinder their ability to scale efficiently. Fortunately, the Rhythm System has emerged as THE system to help marketing and advertising agencies navigate these hurdles and achieve sustainable growth.

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How evaluating 'granular' economic and social development improves decision-making

Mckinsey and Company

Understanding why the GDP per capita of Mapusa in Goa, India, is around $33,000, same as Porto, Portugal, even when India's per capita GDP hovers at $2,389 (per capital GDP of Portugal is 5X India's) could give an idea of how resources can be deployed where they are most needed, write Chris Bradley and Jonathan Woetzel in Forbes India.

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UK startup essentials: business insurance explained

Vested

What is business insurance and do I need it? Learn how to protect your business, its customers and its future. UK startup essentials for entrepreneurs.

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GAM: Niel’s pitch invasion forces Liontrust out of takeover deal

Financial Times M&A

Clients will not like turmoil, no matter who runs the business

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Energy & Sustainability M&A Activity — August 2023

National Law Review M&A

Thomas R.

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Building Better Internal Audit Services Through Analytics, Process Mining, AI, and More

Audit Board

This article originally appeared on the Chartered IIA Technical Blog. One of the great inhibitors of greater technology adoption among internal audit leaders is not knowing where to start. It can feel overwhelming and often comes with a sense we are already late to the party. Other functions — HR, marketing, finance, customer services — have had their digital transformations.

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‘Eating Crowe’: UK Accounting Firm Found Incompetent

National Law Review M&A

Peter D.

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Building a connected ecosystem: Integrating APIs for seamless accounting workflows

ThomsonReuters

Like many industries, the accounting profession is in the midst of profound change. The impetus behind this transformation is technology—and the firms who are moving fast to leverage it are boosting productivity, strengthening client relationships, and staying ahead of the competition. In terms of impact, one tool has emerged as a game-changer: Application Programming Interfaces (APIs).

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Do Employees Value ESG Initiatives?

Reynolds Holding

While environmental, social, and governance (ESG) initiatives undeniably shape corporate reputations and stakeholder perspectives, a crucial question arises: Does the modern workforce truly value these efforts? At one end of the spectrum, critics argue that employees might prioritize job security, remuneration, and career progression over their firm’s ESG commitments.

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