Wed.Jan 11, 2023

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Homophily versus monitoring: Do all female board directors drive the gender assignment of audit partners?

Harvard Corporate Governance

Posted by Mehdi Nekhili (Le Mans Université), on Wednesday, January 11, 2023 Editor's Note: Mehdi Nekhili is a Professor of financial and accounting Management at Le Mans University. This post is based on an article forthcoming in the Journal of Accounting and Public Policy by Mr. Nekhili, Fahim Javed, Haithem Nagati, and Riadh Manita. Related research from the Program on Corporate Governance includes Politics and Gender in the Executive Suite (discussed on the Forum here ) by Alma Cohen, Mosh

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Artificial intelligence in strategy

Mckinsey and Company

AI tools can help executives avoid biases in decisions, pull insights out of oceans of data, and make strategic choices more quickly. And that’s just the beginning.

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ISS Publishes Proxy Voting Guidelines Updates for 2023

Harvard Corporate Governance

Posted by Shaun Bisman and Jared Sorhaindo, Compensation Advisory Partners, on Wednesday, January 11, 2023 Editor's Note: Shaun Bisman is a Partner and Jared Sorhaindo is an Associate at Compensation Advisory Partners. This post is based on their CAP memorandum. Related research from the Program on Corporate Governance includes The Perils and Questionable Promise of ESG-Based Compensation (discussed on the Forum here ) by Lucian A.

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Wait, Is Bill Gates Working On ChatGPT With Microsoft?

Benzinga

Reports surfaced Tuesday that Microsoft Corp (NASDAQ: MSFT ) was reportedly negotiating a $10 billion investment in OpenAI — the owner of ChatGPT, a large language chatbot that has turned the tech world on its heels in recent weeks. The deal has Microsoft taking a 49% stake in the company after it absorbs 75% of OpenAI’s profits until the Bill Gates -founded company recoups its investment.

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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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It’s Theft of Services!

Appraisers Blog

It’s theft of services to constantly think it’s okay to drain appraisers time and resources as if we’re advocates of the AMC; all our time and energy constantly available to AMCs so they can shop us to infinity on a per diem assignment pattern forever to increase their own profits. They condition appraisers to become advocates of the AMC or you don’t get anything.

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OKR Examples For Non-Profits

Rhythm Systems

Often, people think of OKRs as a tool for tech companies. This is not surprising since the goal-setting method was developed and first used by companies like Intel and Google. However, the application of rigorous goal setting and strategy execution is beneficial for organizations in any industry, including non-profit organizations.

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Twitter Said to Consider Selling User Names to Boost Revenue

NYT M&A

The company has discussed selling some user names through online auctions, people with knowledge of the plans said.

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COVID-19 learning delay and recovery: Where do US states stand?

Mckinsey and Company

While two decades of math and reading progress have been erased, US states can play an important role in helping students to catch up.

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ButcherJoseph Advised NEDCO Supply on Its Sale to Codale Electric Supply

Butcher Joseph & Co.

ButcherJoseph served as exclusive financial advisor to NEDCO Supply on Its sale to Codale Electric Supply. The post ButcherJoseph Advised NEDCO Supply on Its Sale to Codale Electric Supply appeared first on ButcherJoseph & Co.

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Metals and mining: Unleashing the power of technology in commodities trading

Mckinsey and Company

As commodities markets evolve, embracing digital can help metals and mining traders enhance competitiveness by streamlining operations and finding new sources of value—but they need to move fast.

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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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WWE's Vince McMahon Sued In Del. Over Board Takedown

Law 360 M&A

A World Wrestling Entertainment Inc. investor has sued controlling stockholder and former CEO Vincent K. McMahon in Delaware's Court of Chancery, accusing him of "serial abuses of power" and efforts to exert full control despite McMahon's earlier resignation amid sexual misconduct and hush payment allegations.

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Global Economics Intelligence executive summary, December 2022

Mckinsey and Company

GDP forecasts improve; central banks sustain inflation battle amid cost-of-living crisis; China further eases pandemic restrictions, noting risks.

Banking 75
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Britishvolt shareholders pitch rival bid to thwart Indonesian takeover

Financial Times M&A

Struggling battery start-up receives £30mn counter-offer to DeaLab proposal

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‘Stay grounded, stay humble’: Sanofi CEO Paul Hudson

Mckinsey and Company

In the wake of the COVID-19 pandemic, one of the first non-French leaders of the pharmaceutical company Sanofi explains cultural transformations, the growth of AI in decision making, and how he stays humble.

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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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Managing Third-Party Relationships: Effective Approaches to TPRM Risk and Compliance

Audit Board

SolarWinds, Log4j, Kaseya: All are security incidents that have been in the headlines over the past several years; all are security incidents that resulted from third-party breaches. The frequency and severity of third-party breaches are on the rise: 90% of organizations were impacted by a supply chain cybersecurity breach in 2022. Organizations are constantly challenged to fend against the potential of a security breach tied to one of often hundreds of third parties with which they engage.

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It Was In My Other Pocket

Essentials of Corporate Finance

Have you ever been short on money and gone through your clothes, only to find a $20 bill that you had forgotten about? We are sure that you were relieved. The same thing just happened to cryptocurrency exchange FTX, which filed for bankruptcy back in November. FTX attorneys announced that the company had found $5 billion in cash, liquid cryptocurrency, and other liquid investments!

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Smart Building Market Size Worth USD 328.62 Billion by 2029| Report by Fortune Business Insights

Benzinga

Pune, India, Jan. 11, 2023 (GLOBE NEWSWIRE) -- The global smart building market size was valued at USD 67.60 billion in 2021. The market is expected to grow from USD 80.62 billion in 2022 to USD 328.62 billion by 2029, exhibiting a CAGR of 22.2% during the forecast period. Smart city projects and the emergence of 5G technology are expected to boost technology adoption.

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FTX Says $5B In Assets Located Since Ch. 11 Filing

Law 360 M&A

Attorneys for bankrupt cryptocurrency exchange FTX Trading Ltd. said in court Wednesday that the company has located about $5 billion in cash and liquid crypto assets since filing for bankruptcy in November.

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Buy Now Pay Later Market Size Worth USD 90.51 Billion by 2029 | Report by Fortune Business Insights

Benzinga

Pune,India, Jan. 11, 2023 (GLOBE NEWSWIRE) -- The Buy Now Pay Later Market size was USD 15.91 billion in 2021. The market is projected to grow from USD 22.86 billion in 2022 to USD 90.51 billion in 2029 at a CAGR of 21.7% during the 2022-2029 period. This vital information is presented by Fortune Business Insights™, in its report, titled, "Buy Now Pay Later Market Forecast, 2023-2029.".

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Litigation Analytics Cos. Unite As Pre/Dicta Buys Gavelytics

Law 360 M&A

Months after its closure, state court judicial analytics platform Gavelytics is getting a second chance at life after being acquired by the federal court analytics startup Pre/Dicta on Wednesday.

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Procurement Software Market Worth USD 13.80 Billion by 2029 | Report by Fortune Business Insights

Benzinga

Pune, India, Jan. 11, 2023 (GLOBE NEWSWIRE) -- The global procurement software market size was valued at USD 6.15 billion in 2021. The market is projected to grow from USD 6.67 billion in 2022 to USD 13.80 billion by 2029, exhibiting a CAGR of 10.9% during the forecast period. This information is presented by Fortune Business Insights, in its report titled, "Procurement Software Market Forecast, 2023-2029.".

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Barber and Lange Promotions Announced

Auto Dealer Valuation Insights

Mercer Capital is pleased to announce that Zachary M. Barber, CPA/ABV has been promoted to Vice President, and Zac L. Lange, CPA has been promoted to Senior Financial Analyst. Zac Barber is a member of the firm’s Financial Reporting Valuation Group and has experience providing valuation analyses related to intangible assets, contractual agreements, and complex capital structures.

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Surgical Tables Market Worth USD 1,204.2 Million by 2026 | Report by Fortune Business Insights

Benzinga

Pune, India, Jan. 11, 2023 (GLOBE NEWSWIRE) -- The global surgical tables market size is expected to reach USD 1,204.2 million by 2026, exhibiting a CAGR of 3.8% during the forecast period. the market stood at USD 896.8 million in 2018. Combined with the market analysis capabilities and knowledge integration with the relevant findings, the report has foretold the robust surgical tables market growth, and all articulated with geographical and merchandise segments.

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Precise Inc. Offloads Trial Business To IMS Consulting

Law 360 M&A

Dispute resolution services provider IMS Consulting & Expert Services acquired the trial division of the technology-based litigation services company Precise Inc. on Tuesday.

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Activist Investor Builds Stake In Bayer, Pushes Breakup

Benzinga

Activist investor Bluebell Capital Partners has built a stake in Bayer AG (OTC: BAYRY ) (OTC: BAYZF ) and is pushing it to split up. The activist has been speaking to Bayer's supervisory board behind the scenes over the past few months. Bluebell has accumulated an undisclosed holding and is seeking an overhaul of Bayer's corporate governance, Bloomberg.

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Beyond retail: Why retailers should think ‘services’ and ‘ecosystems’

Mckinsey and Company

For retailers, service businesses represent a tremendous growth opportunity—and a way to start building ecosystems that satisfy more of consumers’ needs.

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FAA Technology Glitch Hits US Flights Operations, Coca-Cola & PepsiCo Under FTC Probe, Rivian's Executive Departures: Today's Top Stories

Benzinga

Reuters. StanChart Weighed Sale Of $4B Aircraft Leasing Division As Macro Headwinds Weigh. Standard Chartered PLC (OTC: SCBFY ) eyed strategic options for its $3.7 billion aviation unit, including a sale. The aviation finance business represents around 2% of the total Group income and 1% of Group RWA. The global aircraft leasing business faced challenges from inflation and rising borrowing costs despite the rebound in aviation demand.

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Benchmark International Successfully Facilitated The Transaction Between W. A. Imports And Forever Cheese

Benchmark Report

Benchmark International has successfully facilitated a transaction between Illinois-based W. A. Imports and New York City-based Forever Cheese.

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WWE, Saudi Arabia's Problematic Yet Profitable Past: Sale Rumors Swirl As Co-CEO Resigns

Benzinga

World Wrestling Entertainment (NYSE: WWE ) is still for sale Wednesday. The wrestling promotion was the subject of widespread rumors this week concerning a deal with Saudi Arabia's Public Investment Fund, but multiple media sources are confirming that the company has not been sold. The reports come as Stephanie McMahon , the daughter of longtime promoter and former WWE CEO Vince McMahon , has resigned as co-CEO.

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SEC Commissioners Dissent to Charges Against McDonald’s for Flawed Disclosure of CEO Firing

Reynolds Holding

We are unable to support the charges against McDonald’s Corporation (“McDonald’s”) for failing to disclose sufficient information regarding the termination of its former CEO, Stephen Easterbrook, in its 2020 proxy statement. The Order [1] casts McDonald’s, the victim of Mr. Easterbrook’s deception, as a securities law violator through a novel interpretation of the Commission’s expansive executive compensation disclosure requirements.

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Cadwalader Adds Former Cravath Atty To NY Tax Group

Law 360 M&A

Cadwalader Wickersham & Taft LLP added an attorney from Cravath Swaine & Moore LLP to its tax group in New York, the firm announced.

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Deloitte agrees deal to sell UK pensions unit to Isio

Financial Times M&A

Disposal part of broader shake-up across Big Four accounting firms

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Making Audit Committee Disclosure More Transparent Requires Investor Feedback

Reynolds Holding

The role of the audit committee in a company’s board of directors has changed significantly since the passage of the Sarbanes-Oxley Act of 2002 (SOX). Traditionally, audit committees have overseen the company’s independent auditor, the internal audit function, and other financial reporting-related functions. More recently, many audit committees have taken on additional oversight responsibilities , such as overseeing enterprise risk management (ERM), environmental, social and governance (ESG) rep

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Founder life and family life: how to balance both

Vested

You have a dream - you have a great idea for a startup and you want to jump straight in and make it work.

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