Fri.Sep 30, 2022

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New appointments to IVSC Board of Trustees

IVSC

IVSC is pleased to announce three new appointments to its Board of Trustees. New Trustees were confirmed by the IVSC’s Nominations Committee during the 2022 AGM in Fort Lauderdale and will take up their roles from October 2022, on an initial three-year term. ” As a former financial services regulator, I have experienced first-hand the value of international standards in strengthening and transforming financial markets.

Banking 246
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Planning for Tomorrow’s Public Company CFO

Harvard Corporate Governance

Posted by Linda Barham, Nicole Salama, and Esmerelda Popo, Russell Reynolds Associates, on Thursday, September 29, 2022 Editor's Note: Linda Barham , Nicole Salama , and Esmerelda Popo are consultants at Russell Reynolds Associates. This post is based on an RRA memorandum by Ms. Barham, Ms. Salama, Ms. Popo, and Catherine Schroeder. Over the past decade, the public company CFO remit has rapidly evolved beyond the traditional financial scope to include operational and strategic responsibilities.

Finance 169
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Trending Sources

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Economic conditions outlook, September 2022

Mckinsey and Company

In stormy weather, survey respondents maintain realism about the global economy. While geopolitical conflicts and inflation remain top of mind, concerns about energy volatility predominate in Europe.

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5 Factors Impacting Activists’ Declining Success Rate

Harvard Corporate Governance

Posted by Kurt Moeller, FTI Consulting Inc., on Thursday, September 29, 2022 Editor's Note: Kurt Moeller is a Managing Director at FTI Consulting Inc. This post is based on his FTI memorandum. Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism (discussed on the Forum here ) by Lucian A. Bebchuk, Alon Brav, and Wei Jiang; Dancing with Activists (discussed on the Forum here ) 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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Sustainability in packaging: Five key levers for significant impact

Mckinsey and Company

Our survey reveals a strong commitment to sustainability in packaging, but few organizations are on track to meet these goals. We suggest five levers to get companies back on track.

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Economic headwinds: Financial institutions

LaPorte

(authored by RSM US LLP) The financial institutions ecosystem is in a unique position as the economy works through the current inflationary phase. The post Economic headwinds: Financial institutions first appeared on LaPorte.

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EXCLUSIVE: Smart for Life Shares Plan To Scoop A Premier Nutraceuticals Company

Benzinga

Smart for Life, Inc (NASDAQ: SMFL ), which markets and manufactures nutritional foods and supplements worldwide, executed an agreement representing its largest acquisition to date. What Happened? Smart for Life entered a non-binding Letter of Intent (LOI) to acquire a premier eCommerce nutraceuticals company with operations in North America. Why Does It Matter?

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BizEquity Helps Myles Wealth Management Grow Their AUM By 35%

Biz Equity

“It was an easy decision to use BizEquity. It just fell into place and fit the needs of our clients,” states James Mezzetti, President of Myles Wealth Management.

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These Members Of Congress Want To Block Amazon's Acquisition Of iRobot: Here's Why

Benzinga

Several members of the U.S. Congress issued a letter to the Federal Trade Commission (FTC) over the announced acquisition of iRobot Corporation (NASDAQ: IRBT ) by Amazon.com, Inc. (NASDAQ: AMZN ). Here’s why the lawmakers have concerns over the purchase. What Happened: A letter recommending the FTC reject the planned acquisition of iRobot by Amazon.com was signed by some members of Congress.

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IRS Announces Special Per Diem Rates for Travel Away From Home Beginning October 1, 2022

ThomsonReuters

IRS Notice 2022-44 (Sept. 26, 2022). Available at [link]. The IRS has announced the special per diem rates that can be used to substantiate the amount of business expenses incurred for travel away from home on or after October 1, 2022. Employers using these rates to set per diem allowances can treat certain categories of travel expenses as substantiated without requiring that employees prove the actual amount they spent.

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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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TPG, Thoma Bravo Express Takeover Interest For This Cloud Application Provider

Benzinga

Workiva Inc (NYSE: WK ), a cloud application provider for reporting and compliance, attracted takeover interest from private equity firms. Thoma Bravo and TPG are among firms that have held financing discussions with direct lenders to support a potential transaction, Bloomberg reports. Workiva, led by CEO Martin Vanderploeg, had a market valuation of about $3.5 billion before.

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Why businesses need explainable AI—and how to deliver it

Mckinsey and Company

As artificial intelligence informs more decisions, companies’ AI systems must be understood by users and those affected by AI use. Actions in two areas can maximize AI’s benefits and minimize risk.

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How the Rise of Corporate Debt in Emerging Economies Affects Corporate Investment

Reynolds Holding

In recent years the corporate debt landscape in emerging markets has changed substantially. Debt in emerging economies climbed to a record high of $55 trillion in 2018, illustrating the largest and fastest surge in the last five decades. In addition, according to the International Monetary Fund (IMF) 2015 report, the mean ratio of corporate debt to GDP grew by 26 percent.

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Looking back: What does the ‘long term’ really mean?

Mckinsey and Company

Stock markets can be volatile, and some years they decline. But the ups far outnumber the downs—and returns are in line with two centuries of performance.

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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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David Gottesman, 96, Wall St. Power and Warren Buffett Partner, Dies

NYT M&A

He founded the investment house First Manhattan and, after befriending him in the 1960s, pursued enormously lucrative deals with Mr. Buffett.

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Why Financial Institutions Need a Vendor Onboarding Process

N Contracts

As banks look to “buy” versus “build” tech solutions, third-party fintech partnerships are on the rise. Cornerstone Advisors recently reported that two out of every three banks and credit unions have entered at least one fintech partnership in the last three years.

Banking 77
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Capricorn/NewMed: latest offer will appeal to unhappy shareholders

Financial Times M&A

Israeli-listed natural gas producer, has offered the equivalent of 271 pence per share in an all-stock deal

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How a Spanish scale-up became a leader in green energy

Mckinsey and Company

Holaluz cofounder Carlota Pi Amorós details her ambition for the start-up to become a decentralized energy-as-a-service green-tech company.

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What New Bar Exam Means For Law Students And Schools

Law 360 M&A

Stephanie Acosta at UWorld discusses how law students and law schools can start preparing now for the new bar exam launching in 2026, which is expected to emphasize real-world lawyering skills-based tasks over rote memorization.

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Capricorn scraps Tullow merger to pursue deal with Israel’s NewMed

Financial Times M&A

Move follows shareholder opposition to energy group’s planned combination with UK rival

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Creating Reliable Risk Assessments

N Contracts

How Financial Institutions Can Overcome Bias and Structural Obstacles to Better Understand Risk. EXECUTIVE SUMMARY: This whitepaper explains how financial institutions can avoid common pitfalls to conduct reliable, consistent, and timely risk assessments. From the risk management lifecycle to learning how to recognize internal biases to practical exercises in assessing risks and controls across four key areas (BSA/AML/OFAC, GLBA, compliance and cybersecurity), it will demonstrate the necessary s

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Chinese carmaker Geely takes 8% stake in Aston Martin

Financial Times M&A

Group seeks ‘collaboration’ with UK luxury brand it has long sought to acquire

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EOS® Rock Examples: Using Quarterly Rocks to Align Your Company in 2023

Rhythm Systems

It is that time again. I am working with my clients to help create quarterly execution plans with their top company quarterly rocks so they can accomplish the goals they set out to achieve. Working with one of my newer clients recently, I noticed we spent a lot of time covering how Company, Group, and Personal Rocks work together to significantly increase their chance of success.

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Internal Audit: A Bright Future or Storm Clouds?

Audit Board

The internal audit profession is at a crossroads. The profession clearly demonstrated resilience during the pandemic, and emerged as an innovative and agile resource in many organizations. However; recent research indicates that storm clouds may be brewing for the profession in the months and years ahead. . In this episode of AuditTalk , Richard Chambers, Senior Internal Audit Advisor at AuditBoard and former CEO of The Institute of Internal Auditors, explores the strengths and opportunities fac

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United States Residential Outdoor Heating Market to Reach USD 667.1 Million by 2029 | With 6.4% CAGR

Benzinga

Pune, India, Sept. 30, 2022 (GLOBE NEWSWIRE) -- The United States Residential Outdoor Heating Market size was valued at USD 411.1 million in 2021. The market is projected to grow from USD 431.5 million in 2022 to USD 667.1 million by 2029, exhibiting a CAGR of 6.4% during the forecast period. Fortune Business Insights, provide this information in its report titled, " United States Residential Outdoor Heating Market, 2022-2029.".

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Seven Key Takeaways from the Mini-Budget for Business Owners

Benchmark Report

On 23 rd September, Chancellor Kwasi Kwarteng delivered his mini-budget, announcing comprehensive changes to tax in a bid to boost economic growth. Ultimately, the changes are designed to improve the ability of British companies to raise money, attract talent, and grow and succeed. With increased incentives to invest introduced in one go, as well as a number of tax breaks – what are the changes and how do these directly affect business owners and investment?

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What Internal Audit Needs to Do about Greenwashing Risks

Internal Audit 360

C onsumer and investor awareness about sustainability is higher than ever, but misleading claims by enterprises to address this can damage an organization’s reputation. We recently sat down with Ian Beale , VP, Advisory at Gartner, to discuss greenwashing: where organizations intentionally, or not, mislead investors, regulators, and the public about the impact of their products and services on the environment.

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Arizona’s minimum wage increasing in 2023

Henry Horne

Arizona’s minimum wage is set to get another bump in 2023. This makes the sixth year in a row the state has seen an increase. Don’t miss: Educator expense deduction increased The raises are determined by the Consumer Price Index (CPI) report from the U.S. Bureau of Labor Statistics. The index was updated this month … Keep Reading. The post Arizona’s minimum wage increasing in 2023 appeared first on Henry+Horne.

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Idera Pharma Acquires Rare Disease Player, Names New CEO

Benzinga

Idera Pharmaceuticals Inc (NASDAQ: IDRA ) acquired Aceragen Inc , a privately-held biotechnology company focused on rare, orphan pulmonary, and rheumatic diseases. The combined cash of the two companies is expected to provide a runway into Q3 2023 , funding the advancement of Aceragen's pipeline, including ACG-701 and ACG-801, through important 2023 clinical milestones.

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Enbridge Buys Texas Renewable Energy Biz In $270M Deal

Law 360 M&A

Canadian energy infrastructure company Enbridge Inc., guided by Eversheds Sutherland, has purchased American renewable energy company Tri Global Energy LLC for $270 million in cash and assumed debt, the company announced Thursday.

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No Fiduciary Breach Where Insurer Sets Guaranteed Rate of Return on Stable Value Contract in Shared Interest of Plan Participants

ThomsonReuters

Rozo v. Principal Life Ins. Co., 2022 WL 4005339 (8th Cir. 2022). Available at [link]. A 401(k) plan participant brought a class action against a life insurance company, claiming a breach of ERISA’s fiduciary duty of loyalty and prohibited transaction provisions in connection with the insurer’s setting of the guaranteed rate of return on a stable value contract investment option.

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SBA 7(a) Loans For ESOPs?

Gergory Caruso

In 2018 the Main Street Employee Ownership Act (MSEOA) was passed. It was thought the MSEOA would allow companies to get an SBA 7(a) loan for an ESOP transition. Unfortunately, the SBA requirements to secure the 7(a) loan for an ESOP transition made it unlikely that anyone to use it. They are still using a […]. The post SBA 7(a) Loans For ESOPs?

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How To Make The Best Financial Decisions

Financial Analyst Insider

Throughout our lives, we will have to make some important decisions that will impact our finances – for some, this may be a simple task, The post How To Make The Best Financial Decisions appeared first on Financial Analyst Insider.

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The three things UK unicorns have in common

Vested

Now, we're not talking about the sparkly My Little Pony variety! We're talking about unicorns in business: successful privately-held startups valued at over one billion dollars. And the 'magic' behind them.

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