Fri.May 30, 2025

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Investor Views on AI Oversight: What Do Proxy Votes Tell Us?

Harvard Corporate Governance

Posted by Lindsey Stewart and River Meng, Morningstar, Inc., on Friday, May 30, 2025 Editor's Note: Lindsey Stewart is Director of Investment Stewardship Research and River Meng is a Financial Product Specialist at Morningstar, Inc. This post is based on their Morningstar memorandum. Key Observations This research paper examines 15 recent shareholder resolutions at US companies addressing oversight and transparency over the use of artificial intelligence.

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Employee Engagement: A Critical Factor in M&A Success

Sun Acquisitions

Mergers and acquisitions (M&A) can be a powerful tool for driving growth and creating value. However, the success of any M&A deal hinges on the seamless integration of talent from both companies. Effective employee engagement is a crucial component of this integration process. By prioritizing employee engagement, companies can maximize the value of their M&A deals and achieve long-term success.

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Weekly Roundup: May 23-29, 2025

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, May 30, 2025 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of May 23-29, 2025 Delaware Tells Companies: Lets Stay Together Posted by Edward B. Micheletti, and Jenness E. Parker, Skadden, Arps, Slate, Meagher & Flom LLP, on Friday, May 23, 2025 Tags: Board of Directors , delaware , Delaware corporation , Delaware Court Stewardship in AQTION: How the Worlds Largest

Finance 100
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The secret to success with transformational M&A? It’s the people

Mckinsey and Company

McKinsey research shows that leaders who think strategically about capabilities, culture, and talent pools early in the postmerger integration process can increase the odds of transformation success.

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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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Comment on UAD 3.6: The Appraisal Industry’s Shiny New Straightjacket by Baggins

Appraisers Blog

In reply to cl. Thanks. You know how many times I’ve reviewed a blank appraisal form with home owners, they’re various representatives, clients so they can have a basic framework to review and understand the existing form once it’s completed? I’ve been training everyone on better understanding of the genius simplicity of the one page adjustment grid for decades.

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The Judge’s Data Dilemma in the Google Search Case

NYT M&A

The question is how to fix Googles monopoly. Is an order to force it to share data the solution?

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Deal Dispatch: Beauty Brand Seeks Pretty Price Tag, Behavioral Health Firms Hit Auction Block

Benzinga

New On The Block Revolution Beauty is putting itself in the shop window. The UK cosmetics brand has kicked off a formal sale process and is considering funding options as part of a broader strategic review, including a potential sale. Advisors are on board and talks with interested parties have begun. The news comes as CEO Lauren Brindley departs the company.

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Comment on UAD 3.6: The Appraisal Industry’s Shiny New Straightjacket by Baggins

Appraisers Blog

Anyone have a paper printable form ready for review yet? The thing about these new forms; Much of the senior management whom insisted on their implementation are fired and walked out the building. Mr Pulte with FHFA should announce they’re scrapping the new appraisal forms project. If there is additional data wanted or needed, all they needed to do was develop a new form to accompany the existing one as a tag on.

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New Tax Laws Have Significant Implications for Maryland Taxpayers

Gross Mendelsohn

The Maryland General Assembly recently passed the Budget Reconciliation and Financing Act of 2025. This new bill has significant tax implications for Maryland business owners and individuals. Lets review the legislations provisions that will have the greatest impact on Maryland taxpayers starting in 2025.

Finance 63
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Comment on UAD 3.6: The Appraisal Industry’s Shiny New Straightjacket by Baggins

Appraisers Blog

[link] CO appraisers will now have to take a repeated mandatory valuation bias course on the fictitious concept of valuation bias every two year cycle.

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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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From Crisis to Continuity: How Minnesota Cities Can Transform Their Finance Functions After Losing Key Staff

Redpath

When Finance Directors retire, cities face critical knowledge gaps. Learn how they can transform financial crises into opportunities for improvement.

Finance 59
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Comment on UAD 3.6: The Appraisal Industry’s Shiny New Straightjacket by David Samnick

Appraisers Blog

Ah yes, UAD 3.6. Because what this industry really needed was another shiny layer of confusion pretending to be progress. Dropdown menus and 256-character limits to explain a complex property? Brilliant. Why bother with actual analysis when you can reduce everything to a glorified checklist? Meanwhile FHA and VA are still sitting on the fence so we get to play the fun game of which format to use and when.

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EOG Strikes $5.6B Deal To Expand Utica Footprint, Boosts Dividend

Benzinga

Energy company EOG Resources, Inc. (NYSE: EOG ) shares are trading lower premarket on Friday. The firm inked a deal to acquire Encino Acquisition Partners (EAP) for $5.6 billion, including EAP’s net debt. EOG agreed to pay the sellers, Canada Pension Plan Investment Board (CPP) and Encino Energy , with cash and debt. The purchase price includes $3.5 billion in new debt and $2.1 billion in cash.

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Comment on UAD 3.6: The Appraisal Industry’s Shiny New Straightjacket by cl

Appraisers Blog

I am heart-sick at all of this – Baggins has me beat in years, but after 24 years, 100s of hours of education, etc., I do not want to be involved with this new UAD either. If I didn’t HAVE to work, I would retire and perhaps find a minimum wage job part time. Just had to put my software on a credit card again because my business does not support the costs, nor the everyday living expenses anymore (and I don’t live in some fancy home).

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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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Governor Wants Input If Dropbox Challenge Is Appealed

Law 360 M&A

Delaware's governor wants to weigh in on a potential Delaware Supreme Court midcase review of a controversial state corporation law overhaul that limits the liability of directors and controlling investors for allegedly self-interested corporate acts.

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Comment on UAD 3.6: The Appraisal Industry’s Shiny New Straightjacket by Pray Hard

Appraisers Blog

UAD 3.6, the appraisal industry's "modern" mess, trades nuance for data bloat, risking valuation integrity with tech traps and a steep curve.

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Meta Looks To Nix FTC's Lead Econ Expert After Antitrust Trial

Law 360 M&A

Meta Platforms asked a D.C. federal judge Friday to strike testimony the Federal Trade Commission's lead economics expert gave during a bench trial in the antitrust case over Meta's purchase of Instagram and WhatsApp, saying the "biased witness" a New York University School of Law professor "advocated" for the case.

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Comment on UAD 3.6: The Appraisal Industry’s Shiny New Straightjacket by Will

Appraisers Blog

Sorry but I do not believe measuring the front step height or interior ceiling heights of all the interior rooms is part of the appraisal process.

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Google Must Turn Over Docs About Potential Ad Tech Breakup

Law 360 M&A

A Virginia federal court granted a request from government agencies on Friday for internal Google LLC reports analyzing a potential breakup of its ad tech business, as the sides ready for a September trial to determine what remedies to impose on Google for monopolizing key ad tech markets.

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Comment on UAD 3.6: The Appraisal Industry’s Shiny New Straightjacket by Kazys Skirpa

Appraisers Blog

UAD 3.6, the appraisal industry's "modern" mess, trades nuance for data bloat, risking valuation integrity with tech traps and a steep curve.

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Modine Buys Specialty Heating Business For $112M

Law 360 M&A

Thermal management technology company Modine, advised by Godfrey & Khan, on Friday announced plans to acquire specialty heating solutions company L.B. White in a $112 million deal.

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Comment on UAD 3.6: The Appraisal Industry’s Shiny New Straightjacket by Frank Palatella

Appraisers Blog

In reply to Bill Johnson. It is accelerating, as we always knew it would. Like a snowball rolling downhill. We’re all getting older at the same time. The next few years will see a massive decline, I think your estimate might be conservative.

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Wachtell, Akin Steer EOG On $5.6B Energy Deal

Law 360 M&A

Wachtell Lipton Rosen & Katz and Akin Gump Strauss Hauer & Feld are advising EOG Resources Inc. on an agreement to acquire Encino Acquisition Partners from the Canada Pension Plan Investment Board for $5.6 billion including debt, EOG said on Friday.

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Comment on UAD 3.6: The Appraisal Industry’s Shiny New Straightjacket by Chuck Minzenberger on Facebook

Appraisers Blog

The more I learn about the new rollout the more I am convinced I dont want anything to do with it. Ill take a class after the rollout for the CE, but wont be doing any of these assignments for the foreseeable future.

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Del. Court Orders Some Doc Access In Sports Collectable Suit

Law 360 M&A

Delaware's senior Court of Chancery magistrate has ordered the director of Collectable Sports Assets LLC to provide more documents about the venture to a member investigating his personal value and stake in the business, while limiting some broader demands.

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Comment on UAD 3.6: The Appraisal Industry’s Shiny New Straightjacket by Kathy Morton Bunting Hoey

Appraisers Blog

UAD 3.6, the appraisal industry's "modern" mess, trades nuance for data bloat, risking valuation integrity with tech traps and a steep curve.

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Succession Planning and Its Impact on RIA Valuations

Auto Dealer Valuation Insights

For the investment management industry, succession planning is not just a strategic necessity—it’s an important driver of firm value. As the wealth management industry evolves, with an estimated 40% of RIA founders approaching retirement age, effective succession planning can mean the difference between a thriving firm and a diminished valuation.

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Comment on UAD 3.6: The Appraisal Industry’s Shiny New Straightjacket by Bill Johnson

Appraisers Blog

In reply to Bmatap. In California, there were 8,398 active licenses as of July 1st 2024, and as of today, May 30 2025, there are only 7,775. This is an 11% reduction in 11 months and means there is a daily decline of nearly 1.8 appraisers. In my county (San Diego / 3.3 million), there are 643 active appraisers and only one trainee who has started in the past 11 months.

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Blue (Sky) Is in the Eye of the Beholder – Part 1

Auto Dealer Valuation Insights

On a recent client engagement, I was asked the question, “Why are Haig and Kerrigan’s multiples so far apart?” I’ve never really viewed them that way, as the blue sky multiples published in their quarterly newsletters tend to cluster reasonably close together.

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Comment on UAD 3.6: The Appraisal Industry’s Shiny New Straightjacket by Bmatap

Appraisers Blog

Well, I just put my license as “retired” for 2025 and the more I read about this new all-in-one form it confirms to me that I probably won’t be activating it for 2026. If I wanted to be a check box chimp I could go get a job at an AMC. Or I could go get a job as a “data collector” for *ervicelin*. The hell with my 30+ years experience and hundreds of hours of education.

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Should You Choose an Industry or Valuation Expert?

Auto Dealer Valuation Insights

In the complex world of the oil & gas industry, a nuanced understanding of industry intricacies and valuation principles is vital. While it’s common to find specialists in either industry knowledge or valuation methods, a complete solution requires a synergy of both these domains.

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Comment on Bye Bye AMC: A Script to Sideline Appraisal Middlemen by Deborah L Smith, MAI

Appraisers Blog

In reply to KK Schware. Your disagreement with designated appraisers is way off. As an MAI who received my designation in 1990 after 11 years in the field and doing commercial and residential appraisals and reviews now for 45 years, I have paid dues to an organization that has Board of Directors in bed with AMCs, and profiting on our dues to line their own pockets!

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REIT Investors' $12M Deal Over NexPoint Merger Get Final OK

Law 360 M&A

A New York federal judge granted final approval to a $12 million securities class action settlement reached with Jernigan Capital investors who alleged the defendants omitted material information amid a 2020 sale to NexPoint Advisors, and awarded $3.9 million in fees Thursday to lead counsel for prosecuting the case.

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Comment on TEAPOTS Exposed: The PAVE Initiative’s Illusion of Justice by Justin Reis

Appraisers Blog

PAVE's lack of TEAPOTS entries exposes a scam that betrayed homeowners, targeted appraisers, and misled Congress.