Thu.Jun 30, 2022

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The Impact of Technology on Climate Oversight: What Board Directors Need to Know

Harvard Corporate Governance

Posted by Maria Moats and Mitra Best, PricewaterhouseCoopers LLP, on Thursday, June 30, 2022 Editor's Note: Maria Castañón Moats is Leader and Mira Best is Technology Impact Leader at PricewaterhouseCoopers LLP. This post is based on their PwC memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance by Lucian A.

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MamaMancini's Buys Stake In Chef Inspirational Foods

Benzinga

MamaMancini's Holdings Inc (NASDAQ: MMMB ) has agreed to acquire a 24% minority interest in Chef Inspirational Foods, Inc. (CIF) for an investment of $1.2 million. The transaction implies an enterprise value for CIF of $5 million. Founded in 2008, CIF sells fresh and frozen prepared foods for the supermarket, club store, and distributor trade across.

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Resetting Expectations (and Goals) on Stock Price Mega Grants

Harvard Corporate Governance

Posted by Jonathan Katz and Michael Arnold, Cravath, Swaine & Moore LLP, on Thursday, June 30, 2022 Editor's Note: Jonathan Katz and Michael Arnold are partners at Cravath, Swaine & Moore LLP. This post is based on a Cravath memorandum by Mr. Katz, Mr. Arnold, John White , Eric Hilfers , and Matthew Bobby. Related research from the Program on Corporate Governance includes Paying for Long-Term Performance by Lucian Bebchuk and Jesse Fried (discussed on the Forum here ).

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Benefits of having an IRS online account

Henry Horne

A safe and easy way to view information about your federal tax account is to have an IRS online account. It’s secure and free. To access your information online, you will need to register through ID.me which is a trusted technology provider, to provide identity verification and sign-in services that the IRS uses. The IRS … Keep Reading. The post Benefits of having an IRS online account appeared first on Henry+Horne.

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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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Value Creation in Shareholder Activism

Harvard Corporate Governance

Posted by Rui Albuquerque (Boston College), Vyacheslav Fos (Boston College), and Enrique Schroth (EDHEC Business School), on Thursday, June 30, 2022 Editor's Note: Rui Albuquerque is Professor of Finance at Boston College Carroll School of Management; Vyacheslav Fos is Associate Professor of Finance at Boston College Carroll School of Management; and Enrique Schroth is Professor of Finance at EDHEC Business School.

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Supreme Court’s Abortion Ruling Indirectly Impacts Employee Benefit Plans

ThomsonReuters

Dobbs v. Jackson Women’s Health Org., 2022 WL 2276808 (U.S. 2022). Available at [link]. The U.S. Supreme Court has rejected a challenge to the constitutionality of Mississippi’s Gestational Age Act, which prohibits performing or inducing an abortion after 15 weeks of pregnancy (as determined by probable gestational age) except in limited circumstances.

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What Are Health Plan MRF Disclosures, and How Often Do They Have to Be Updated?

ThomsonReuters

QUESTION: We’ve heard that our company’s group health plan must make public transparency disclosures that include MRFs. What are MRFs, and how often do they have to be updated? ANSWER: The agencies use the acronym “MRF” to refer to the machine-readable files that must be made public as part of the ACA’s price transparency requirement. Under implementing regulations issued in November 2020, most health plans and insurers in the individual and group markets must make transparency in coverage (Ti

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Sam Bankman-Fried's FTX Isn't Taking Bad Debt: Walks Away From Celsius Acquisition

Benzinga

FTX CEO Sam Bankman-Fried is taking a bullish stance amid the “great depression” of cryptocurrency. Instead of joining the list of peers hedging losses by slashing workforces by upwards of 20%, FTX is on a mergers and acquisitions tear, acquiring three firms this year alone. The fourth acquisition would’ve been crypto lending firm Celsius Network.

Finance 97
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What Are Health Plan MRF Disclosures, and How Often Do They Have to Be Updated?

ThomsonReuters

QUESTION: We’ve heard that our company’s group health plan must make public transparency disclosures that include MRFs. What are MRFs, and how often do they have to be updated? ANSWER: The agencies use the acronym “MRF” to refer to the machine-readable files that must be made public as part of the ACA’s price transparency requirement. Under implementing regulations issued in November 2020, most health plans and insurers in the individual and group markets must make transparency in coverage (Ti

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From crude oil to chemicals: How refineries can adapt to shifting demand

Mckinsey and Company

The energy transition will reduce demand for oil products but increase opportunities to capture the growing demand for petrochemicals.

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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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Don’t fear the mainframe – take a structured modernization approach

Avanade

Is your mainframe holding your organization back? Learn how to take a structured modernization approach that delivers real business value far beyond cost savings.

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Mission not meetings: How government leaders could avoid self-sabotage

Mckinsey and Company

Government leaders get up in the morning for the mission, but they often spend their day working against the bureaucracy. This can lead to self-sabotage, and it is not uncommon. But it can be overcome.

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The Pros and Cons of Disclosing News in Distressed Organizations

Reynolds Holding

Regulation affecting managers’ disclosure of news in U.S. organizations has been affected by three main changes over the past three decades: (a) The Private Securities Litigation Reform (PSLR) Act, 1995, which protected managers from litigation arising from the disclosure of forecasted numbers that didn’t turn out to be accurate, (b) Regulation Fair Disclosure (Reg F.D.), adopted by the Securities and Exchange Commission (SEC) in 2000, which stopped managers from disclosing news to a select grou

Finance 124
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Pandemic to endemic: Where do US public-health systems go from here?

Mckinsey and Company

As COVID-19 moves from a pandemic to an endemic disease in the United States, the country could take the opportunity to create stronger, more equitable public-health systems.

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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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3 Post-Pandemic Trends in Digital Banking

N Contracts

The trend of moving to digital transactions that started during the pandemic shows no signs of slowing down. In the first quarter of 2022 alone, digital active users at Bank of America alone grew to 42 million, up 2 million from a year earlier, and 5 million since the start of the pandemic, according to a Motley Fool blog post.

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Localization of data privacy regulations creates competitive opportunities

Mckinsey and Company

Around the world, new regulations are promoting data localization. To comply, companies must be agile in their investments, but those that get it right could increase their revenues and market share.

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After Stock Market’s Worst Start in 50 Years, Some See More Pain Ahead

NYT M&A

At the halfway point of the year, it’s been a historically horrible time for stocks. Bonds are in bad shape, too.

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Winning with commercial excellence: Ten lessons for consumer goods

Mckinsey and Company

Our latest research shows how leading consumer goods companies build the critical commercial capabilities to out-execute the competition and drive profitable growth.

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Ethics Considerations For Attorneys Joining Nonprofit Boards

Law 360 M&A

Many charitable organizations offer attorneys board positions to benefit from their specialized legal knowledge, but there are ethical considerations and liability dangers that demand lawyers to set boundaries about their roles and responsibilities, says Patrick Sturm at LexisNexis.

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U.S. Energy Corp. Announces East Texas Bolt-On Asset Acquisition

Benzinga

HOUSTON, June 30, 2022 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQCM: USEG) ("U.S. Energy" or the "Company") today announced that the Company has entered into an agreement (the "Agreement") to acquire operated oil and gas producing properties in an all-cash transaction (the "Transaction"). The Properties (the "Properties") are located in Anderson and Henderson Counties, Texas adjacent to the Company's existing assets in the area.

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Triller Makes Confidential SEC Filing In Preparing To Go Public

Law 360 M&A

Triller Inc., which offers a popular video app, announced Thursday it had filed a confidential draft registration statement with the U.S. Securities and Exchange Commission as part of its preparations to become a publicly traded company.

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5-Point Checklist for Managing Inflation In Your Business

Gross Mendelsohn

With inflation running high, businesses everywhere are struggling to manage costs. Regardless of whether or not inflation is in check anytime soon, its effect on business revenue and savings requires planning and prioritizing now. We put together a checklist of potential ways you can manage the negative effects of inflation while identifying positive, long-term opportunities for your business.

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Leadership Team Alignment: How to Align Your Leadership Goals

Rhythm Systems

If you have ever downloaded any tools or other resources on our site, you know that we usually ask you about your Biggest Business Challenge in our forms. In response to your feedback, we are featuring a blog series on your biggest business challenges! This post is a response to the challenge “ aligning senior team around clear goals.". How much can your leadership team really take on this quarter and accomplish well?

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Significant decline of financing volumes for life sciences across all stages in Europe

Fox Corporate Finance

During the first six months of 2022, we find that the funding for life sciences markets declined significantly compared to 2021. The trend affects all relevant life sciences subsectors of Biotech, HealthTech, and MedTech. The. Read more. The post Significant decline of financing volumes for life sciences across all stages in Europe appeared first on FCF Fox Corporate Finance GmbH.

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CMS Issues HIPAA Administrative Simplification Compliance Review Findings and Fact Sheet on EFT/ERA Payment Reassociation

ThomsonReuters

CMS: 2021 Compliance Review Program Findings (May 2022); EFT and ERA: Payment Remittance Reassociation Basics (June 2022). Findings. Fact Sheet. The CMS National Standards Group (NSG) has issued a report summarizing updated findings from its administrative simplification compliance review program. The program, which aims to promote compliance with HIPAA administrative simplification rules for electronic health care transactions, was launched in April 2019 (see our Checkpoint article ).

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Significant decline of financing volumes for life sciences across all stages in Europe

Fox Corporate Finance

During the first six months of 2022, we find that the funding for life sciences markets declined significantly compared to 2021. The trend affects all relevant life sciences subsectors of Biotech, HealthTech, and MedTech. The. Read more. The post Significant decline of financing volumes for life sciences across all stages in Europe appeared first on FCF Fox Corporate Finance GmbH.

Finance 52
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Middleby Expands Offerings In Ice - Read How

Benzinga

Middleby Corp (NASDAQ: MIDD ) has acquired Icetro , a maker of ice, soft serve, and slush machines used worldwide in commercial food service. Deal terms were not disclosed. Icetro has annual sales of ~$40 million. Full story available on Benzinga.com.

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Reining In Overbroad M&A Noncompetes Amid FTC Scrutiny

Law 360 M&A

The Federal Trade Commission's recent move to limit noncompete provisions in an acquisition agreement for 60 gas stations reaffirms the importance of narrowly tailoring an M&A noncompete with a scope that is needed to reasonably protect the investment, say Greg Heltzer and Alex Grayson at McDermott.

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FTX Reportedly Shopping BlockFi At 99.5% Discount, CEO Shoots Down $25M Figure

Benzinga

Imagine it is March 2021, and you’re leading a funding round where you’ve raised $350 million at a $3-billion valuation. Now it’s July 2021, and you’re to raise $500 million at an almost $5 billion valuation. Now, imagine it is June 2022 — and you’ve taken a $250-million credit line because you’re teetering on insolvency.

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LaPorte Announces Promotions

LaPorte

LaPorte CPAs & Business Advisors is proud to announce several promotions effective July 1, 2022. Ethan Allen, CPA, has been promoted to Senior Manager, Tax… The post LaPorte Announces Promotions first appeared on LaPorte.

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Live Ventures Acquires Industrial Knife Maker Kinetic For $26M

Benzinga

Live Ventures Inc (NASDAQ: LIVE ) subsidiary, Precision Marshall, has acquired all of the outstanding stock of The Kinetic Co Inc for about $26 million. Greendale, Wisconsin-based Kinetic was founded by the Masters family in 1948. Kinetic manufactures more than 90 types of. Full story available on Benzinga.com.

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Spirit Deal Up In The Air After Shareholder Meeting Delayed

Law 360 M&A

Spirit Airlines said Wednesday it is postponing until July 8 a shareholder meeting on whether to approve its pending $6.6 billion merger with Frontier Airlines Inc., a move welcomed by JetBlue, which is seeking its own tie-up with Spirit.

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Elbit Bags $548M Contract In Asia-Pacific; Completes Sale Of Ashot

Benzinga

Elbit Systems Ltd (NASDAQ: ESLT ) has secured a contract valued at $548 million to supply military-wide multi-domain combat networked warfare capabilities to the Armed Forces of a country in Asia-Pacific. ESLT, which is engaged in networked warfare programs in several countries, will perform the contract over a four-year period. The program will. Full story available on Benzinga.com.

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State of the Industry From the Tennessee Automotive Association Convention

Auto Dealer Valuation Insights

Last week we attended the Annual Tri-State Convention for the Automotive Associations of Tennessee, Mississippi, and Alabama. The event provided a great opportunity to discuss trends in the automotive industry with industry participants and dealers from different manufacturers and geographic areas. In this blog, we discuss some of the trends discussed last week, including a variety of topics that.

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