Tue.May 31, 2022

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Perspectives Paper: Human Capital

IVSC

In Part 1 of our series , we examined the Case for Realigning Reporting Standards with Modern Value Creation. While long acknowledged as a challenge of common accounting frameworks and related financial reporting regimes, a tipping point has seemingly been reached. The debate has shifted from why the problem should be addressed, to what should be done and how it can be implemented.

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Corporate Governance Update: Solving the Board Composition Puzzle

Harvard Corporate Governance

Posted by David N. Katz and Laura A. McIntosh, Wachtell, Lipton, Rosen & Katz, on Tuesday, May 31, 2022 Editor's Note: David N. Katz is partner and Laura A. McIntosh is consulting attorney at Wachtell, Lipton, Rosen & Katz. This post is based on an article first published in the New York Law Journal. Related research from the Program on Corporate Governance includes Politics and Gender in the Executive Suite by Alma Cohen, Moshe Hazan, and David Weiss (discussed on the Forum here ); Wil

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Addressing employee burnout: Are you solving the right problem?

Mckinsey and Company

Employers have invested unprecedented resources in employee mental health and well-being. With burnout at all-time highs, leaders wonder if they can make a difference. Our research suggests they can.

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ESG Task Force “Lifts the Vale” on Its Scrutiny of ESG Disclosures

Harvard Corporate Governance

Posted by Alexander May, Charles Riely, and Gabrielle Sigel, Jenner & Block LLP, on Tuesday, May 31, 2022 Editor's Note: Alexander May , Charles Riely , and Gabrielle Sigel are partners at Jenner & Block LLP. This post is based on their Jenner & Block memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance by Lucian A.

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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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Tata Motors Acquires This US Auto Major's India Plant

Benzinga

Tata Motors Limited (NYSE: TTM ) subsidiary Tata Passenger Electric Mobility Limited (TPEML), has signed a Memorandum of Understanding (MOU) with the Government of Gujarat to acquire Ford Motor Co (NYSE: F ) Ford India Private Limited's (FIPL) vehicle manufacturing facility. Full story available on Benzinga.com.

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Board Gatekeepers

Harvard Corporate Governance

Posted by Yaron Nili (University of Wisconsin), on Tuesday, May 31, 2022 Editor's Note: Yaron Nili is Associate Professor of Law and the Smith-Rowe Faculty Fellow in Business Law at the University of Wisconsin Law School. This post is based on his recent paper , forthcoming in the Emory Law Journal. Related research from the Program on Corporate Governance includes Independent Directors and Controlling Shareholders by Lucian Bebchuk and Assaf Hamdani (discussed on the Forum here ).

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More Trending

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Chart Industries Acquires Fronti Fabrications For $20M

Benzinga

Chart Industries, Inc. (NYSE: GTLS ) has acquired Fronti Fabrications, Inc. for $20 million. Fronti is a specialist in engineering, machining, and welding for the cryogenic and gas industries; and also supplies new build pressure vessels and performs. Full story available on Benzinga.com.

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Key Performance Indicators for Employees in 2022: KPI Examples for Employee Performance

Rhythm Systems

It is no secret that your people are instrumental to the success of your business. In order to have a great company, you not only have to hire the right people and get them in the right seats as Jim Collins says, you also have to work to retain and engage those people once you have them. The best companies use key performance indicators for employees to drive performance and ensure that they are getting the most out of their most important investment - their employees.

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GSK To Scoop Clinical Stage US Biotech Affinivax For $3.3B To Shore Up Vaccine Business

Benzinga

GSK plc (NYSE: GSK ) agreed to acquire U.S. biotech Affinivax for up to $3.3 billion, Reuters reports. The purchase price includes $2.1 billion upfront and $1.2 billion in potential milestones. Affinivax offers GSK its next-generation vaccines under development, the most advanced for pneumonia, meningitis, bloodstream infections, and sinusitis. Affinivax's newer.

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USPAP Absurdity

Appraisers Blog

From one of my appraiser colleagues in NYC on a McKissock class, taught by Dan Bradley, husband of Michelle Bradley who is chair of the Appraisal Standards Board of The Appraisal Foundation (this is COMPLETELY UNETHICAL). TAF BOT (the leadership that brought us the bat-s**t crazy letter) is meeting in sunny Palm Springs San Diego right at this moment (probably to determine meanings of words like “The” and “This” and “That” and perhaps considering a new take on “misleading” that is still on the b

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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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Gold Fields Acquires Yamana Gold For $6.7B

Benzinga

Gold Fields Limited ((NYSE: GFI ) and Yamana Gold Inc. (TSX: YRI) (NYSE: AUY ) entered into a definitive agreement. What Happened: Under the agreement, Gold Fields will acquire all of the outstanding common shares of Yamana. Yamana shares will be exchanged at a ratio of 0.6 of an ordinary share in Gold Fields or 0.6 of a Gold Fields ADS for each Yamana Share.

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Frasers Group buys Missguided out of administration for £20m

The Guardian M&A

Company controlled by Mike Ashley ‘delighted to secure a long-term future’ for online fashion retailer Frasers Group, controlled by the Sports Direct founder, Mike Ashley , has bought the online fashion retailer Missguided out of administration for £20m in cash. Frasers, which owns the brands Sports Direct, House of Fraser and Flannels, announced it had acquired certain intellectual property of Missguided Ltd and other related firms Mennace Ltd and Missguided (IP) Ltd, in a purchase funded from

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Innovation sourcing in biopharma: Four practices to maximize success

Mckinsey and Company

Biopharma companies’ pipelines are full of assets they source externally to access innovation. Four practices will help ensure their investments flourish at a time of fierce competition.

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Forbes Scraps Plan to Go Public via SPAC

NYT M&A

The century-old business magazine had aimed to go public through a blank-check company based in Hong Kong but changed course after the market flipped.

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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 fueling Pakistan’s emerging start-up ecosystem

Mckinsey and Company

With a massive young, English-speaking population and a fast-growing, tech-savvy middle class, Pakistan has many ingredients for a thriving start-up ecosystem. So why is it only now starting to live up to its entrepreneurial potential, and where is it headed?

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Forbes abandons plans to list via Spac

Financial Times M&A

Media group’s intention to go public falters amid dwindling enthusiasm for blank-cheque vehicles

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Carbon-neutral Hungary

Mckinsey and Company

Hungary’s path to net zero depends on the its ability to take action in seven economic sectors.

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DSM/Firmenich: food fragrances deal has a defensive aroma

Financial Times M&A

Despite the promise of cost savings investors will still detect a whiff of panic from the Dutch group

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How digital helps a life sciences leader move at light speed

Mckinsey and Company

Pfizer’s Chief Digital and Technology Officer explains how digital is transforming her organization’s ability to bring new medicines to patients at speed and at scale.

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OTC: DRCR, Swifty Global (Dear Cashmere Holding Company) has Entered into an Agreement to Acquire UK Sports Gambling Company Goldchip Limited

Benzinga

NEW YORK, NY, May 31, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Dear Cashmere Holding Company (OTC: DRCR ) known as Swifty Global, is a technology company focused on creating groundbreaking solutions in the Financial and Sports Betting Sectors. The company has developed two disruptive mobile applications (apps) for sports predictions and a digital wallet which encompasses Artificial Intelligence (AI) and Cryptocurrency/Blockchain Transactions. .

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BofA Flouted $150M Hawaii Loan Commitment, Nonprofit Says

Law 360 M&A

Bank of America is being accused of discrimination by Hawaiian nonprofit corporation N? Po'e K?kua for failing to honor a loan commitment of $150 million for native Hawaiians to obtain mortgages after a history of redlining in the state, as well as attempting to defraud the native Hawaiians from the loan entitlement.

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Elliott to sell Italy’s AC Milan football club to RedBird for €1.2bn

Financial Times M&A

Deal follows Serie A title win and caps turnround under activist investor’s ownership

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Nicki Minaj Invests In, Advises Betting Platform MaximBet

Law 360 M&A

Rap superstar Nicki Minaj on Tuesday revealed she's taken an investment position of an undisclosed size and advisory role with sports betting platform MaximBet.

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ISS Urges Spirit Shareholders to Vote Against Frontier Merger

NYT M&A

Institutional Shareholder Services, which advises large investors, said shareholders should opt for a higher offer for Spirit by JetBlue.

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A Look Into The Family Business Director’s Summer Reading Catalogue

Auto Dealer Valuation Insights

We at Family Business Director trust that all of you had a pleasant and relaxing Memorial Day Weekend. As this past weekend served as the unofficial kickoff to the summer season, our intent this week is to provide you with a thought-provoking portfolio of “summer reading” material. Don’t worry, there won’t be a test in August.

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In Search of Good Corporate Governance

Reynolds Holding

What is the right governance framework for a public company? This question sits at the core of decades of empirical and theoretical research, and yet we still lack consensus on an answer. In particular, agency-cost essentialists support governance structures that maximize accountability to the company’s shareholders, while proponents of board-centered models, as well as stakeholder governance advocates, prefer arrangements that insulate management from shareholder influence.

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To spy or not to spy?

Financial Times M&A

Plus, Peltz makes his presence known at Unilever and DSM seals two different deals

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Tweet. ASA’s CEO letter to members and friends. As spring enters full force, ASA has been doing the same. This month has been full of activities that have allowed ASA to continue its presence both domestically and internationally, virtually and in person. ASA held its 11 th Annual Equipment Valuation Conference (EVC), virtually on May 24. I want to thank Conference Chair, Matt Kauffman, the ASA staff, and all of the presenters who helped make the event an educational success.

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Silo Wellness To Acquire Canadian Dyscovry Science, Producer Of Psilocybin For IBS Treatment

Benzinga

Silo Wellness (SILFF), a growth-oriented holding company focused on functional mushroom and psychedelic opportunities, has presented a nonbinding letter of intent to fully acquire Dyscovry Science Ltd. The Toronto-based biotech Dyscovry is involved in the biosynthetic manufacturing of psilocybin and its derivatives targeting irritable bowel syndrome (IBS).

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Power Plant Owner Defends Ch. 11 Plans Against Challenges

Law 360 M&A

The owner of a bankrupt Texas power plant defended its Chapter 11 intentions Tuesday in Delaware court, saying its access to lender cash is critical to its case, which is not being run for the benefit of equity holders.

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Strengthen Your Business Relationships and Grow Your Company

Hallmark Brokers

In the year 2022, we’ve continued to see the rise of entrepreneurs. If you’re someone that’s decided to take the plunge and create your own business it’s important to have the right tools and tips to help your company succeed. One of the most important things you can do is create beneficial customer and business. Read more. The post Strengthen Your Business Relationships and Grow Your Company appeared first on Hallmark Brokers.

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Warren Readies Bill To Stamp Out SPAC 'Abuses'

Law 360 M&A

U.S. Sen. Elizabeth Warren said Tuesday that she would introduce legislation seeking to rein in purported abuses of special purpose acquisition companies by codifying new restrictions sought by regulators while also proposing additional crackdowns.

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Work or Pleasure: The Tax Rules for Hybrid Travel in 2022

Concannon Miller

With business travel picking up again and summer fast approaching, many business owners may be mulling trips that combine work with vacation or other personal activities. A quick refresher on the IRS rules related to deducting business vs. personal travel costs can help you reduce your tax bill next year.

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Arizona’s alternative tax

Henry Horne

Normally, we don’t think of Arizona as being in the forefront of new changes, but they sure got creative in 2021. In June of 2021, the legislature passed into law Arizona’s alternative tax. This tax is called the Arizona Small Business Income Tax (SBI). Don’t let the title lead you down the garden path – it … Keep Reading. The post Arizona’s alternative tax appeared first on Henry+Horne.

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