Mon.Oct 24, 2022

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How Much Do Investors Care About Social Responsibility?

Harvard Corporate Governance

Posted by Scott Hirst (Boston University), Kobi Kastiel (Tel Aviv University), and Tamar Kricheli-Katz (Tel Aviv University), on Monday, October 24, 2022 Editor's Note: Scott Hirst is Associate Professor of Law at Boston University; Kobi Kastiel is Associate Professor of Law at Tel Aviv University and Senior Fellow of the Harvard Law School Program on Corporate Governance; and Tamar Kricheli-Katz is a Professor of Law at Tel Aviv University.

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Smartphones on wheels: New rules for automotive-product development

Mckinsey and Company

Software-driven cars need new agile, customer-centric processes along the entire product life cycle, with a software- and data-focused architecture, to bring product development into the 21st century.

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Activists anticipate the coming recession

Harvard Corporate Governance

Posted by Jason Booth, Insightia, on Monday, October 24, 2022 Editor's Note: Jason Booth is Vice President of Activism Editorial at Insightia, a Diligent Brand. This post is based on his Insightia 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.

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How to effectively define what matters through continual change

Avanade

Avanade Advisory Global Lead Jillian Moore explains why being intentional about incorporating inputs from both experienced and early career leaders is necessary to define what matters.

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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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The Current Landscape in Executive Compensation as Reflected in the 2022 Proxy Season

Harvard Corporate Governance

Posted by John Ellerman, Ira Kay, Don Kokoskie, Pay Governance, on Monday, October 24, 2022 Editor's Note: John Ellerman and Don Kokoskie are Partners and Ira T. Kay is Managing Partner and Founder at Pay Governance LLC. This post is based on their Pay Governance memorandum. Introduction. Pay Governance LLC provides counsel and advice to the Board of Directors’ Compensation Committees of more than 400 prominent publicly-traded companies.

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The Inflation Reduction Act: Here’s what’s in it

Mckinsey and Company

The Inflation Reduction Act contains $500 billion in new spending and tax breaks that aim to boost clean energy, reduce healthcare costs, and increase tax revenues.

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More Trending

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Catching Up With Delaware's Chancery Court

Law 360 M&A

A cryptocurrency company sues over social media slurs, a celebrity rapper feuds with a distiller over cognac, and a "no glasses" 3D television company gets a new temporary boss. Where else could all this happen but in Delaware's Court of Chancery?

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5 of the Top-Rated features of the World’s Best Strategy Execution Software

Rhythm Systems

With 16+ years of expertise connecting long-term strategy to daily execution, Rhythm has proven to be the world’s leading platform for goal management, cross-functional team collaboration, and bringing visibility and accountability to your team’s most important work.

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My Favorite Law Prof: How I Learned Education Never Ends

Law 360 M&A

D.C. Circuit Judge David Tatel reflects on what made Bernard Meltzer a brilliant teacher and one of his favorite professors at the University of Chicago Law School, and how Meltzer’s teachings extended well past graduation and guided Judge Tatel through some complicated opinions.

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Small Eye-Focused Gene Therapy Company Applied Genetic Goes Private In $24M Deal

Benzinga

The newly established portfolio company of Syncona Limited has agreed to acquire Applied Genetic Technologies Corp (NASDAQ: AGTC ) for approximately $23.5 million ($0.34 per share) in cash. AGTC is entitled to potential future aggregate cash payments of up to $50.0 million (up to $0.73 per share) under contingent value rights (CVRs). The total consideration of up to $1.07, including up to $0.73 per CVR, represent a premium of up to.

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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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Privilege Waiver Risk Lessons From Twitter V. Musk

Law 360 M&A

Recent discovery disputes in the Twitter v. Musk litigation offer helpful guidance for executives and companies seeking to minimize the risks of potential privilege waivers, which can be particularly significant in the transactional context, say attorneys at Sullivan & Cromwell.

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Lowballed… It Is Open Season On Appraisers

Appraisers Blog

ABC TV Documentary: Our America: Lowballed Because this issue was ignored by the appraisal industry, it is open season on appraisers. Because of the lack of credibility or awareness of the diversity issue that the appraisal industry faces by the two primary appraisal industry organizations, The Appraisal Institute and The Appraisal Foundation, there is no counter that can be presented to this continuing storyline.

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Takeaways from the Microsoft Power Platform conference

Avanade

The ‘maker experience’ is fundamental in succeeding – get that right, and you will succeed in your Microsoft Power Platform journey.

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Royal Bank of Canada plans UK commercial banking push

Financial Times M&A

Chief executive to look for more deals and expand in wealth management after £1.

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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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Valuing A Business With Aggressive Forecasted Revenue Projections

BV Specialists

Business appraisers typically gather a lot of historical financial data when working with their clients on valuation assignments. They review income statements and balance sheets while looking at the market and industry data that all help shape their conclusions. Going back five or more years is not uncommon, while at the same time discussing reasonable future expectations within the confines of the current company profile.

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Is Technology the Solution for Internal Audit?

Norman Marks

I recently spoke at a conference organized by Corporate World Intelligence. I was honored to be the opening speaker of the conference, talking about “Selecting the Technology for Internal Audit in 2022 and Beyond”. My theme was that before you dive in and spend internal audit’s limited budget on some of the fancy technology advocated […].

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Reveal Acquires Tech Services Co. Specializing In Governance

Law 360 M&A

E-Discovery software provider Reveal-Brainspace acquired Technically Creative, a technology services company that automates and unifies governance for organizations, on Monday.

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Mid-Year 2022 Auto Dealer Industry Newsletter Release

Auto Dealer Valuation Insights

We are pleased to release our Mid-Year 2022 Auto Dealer Industry Newsletter after taking a brief hiatus. Beginning in the fall of last year, NADA suspended publication of its Dealership Profile data which was a helpful resource to industry participants and to our industry newsletter. We have pivoted by providing additional data from the public auto dealer groups, which we hope you will find.

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Investment Firm Sued In Del. For $795M Go-Private Deal Docs

Law 360 M&A

A stockholder of Pzena Investment Management Inc. sued the global investment management firm in Delaware's Court of Chancery on Monday for corporate records to investigate "potential mismanagement" and breaches of fiduciary duty in connection with a pending buyout by the company's founder and controlling shareholder.

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Fall 2022 Middle Market M&A Update

Auto Dealer Valuation Insights

For this week’s post, we take a look at recent trends in middle market M&A. Despite turbulent economic and geopolitical conditions in the first half of the year, valuations in the middle market continued to hold their ground. Still, whether looking to buy or sell, family business owners would be wise to act sooner rather than later, as declines in volume and value thus far in 2022 suggest.

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Flora Growth Acquires Franchise Global Health

Benzinga

Flora Growth Corp (NASDAQ: FLGC ) has signed a definitive agreement to acquire Franchise Global Health Inc (FGH) , a multi-national operator in the medical cannabis and pharmaceutical industry. The transaction values Franchise Global Health at about CA$40.0 million. The combination of Flora and FGH is expected to deliver at least $3.0 million of annualized cost.

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A Guide to Time Frame Analysis in Forex

Financial Analyst Insider

No matter how experienced a forex trader may be, it is always important to pay attention to the time frame being used for analysis and. The post A Guide to Time Frame Analysis in Forex appeared first on Financial Analyst Insider.

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As M&A Activity Slows, ESG Deals Buck The Trend With Plug And ChargePoint Commanding Huge Premiums

Benzinga

Due to the difficult macroeconomic headwinds, the merger and acquisition (M&A) sector has cooled down compared to 2021. What Happened: According to the Boston Consulting Group, during the first seven months of 2022, there were more than 22,000 deals announced, totaling $1.85 trillion in value. That's in line with pre-pandemic averages, but compared to the dealmaking frenzy in 2021, deal volume in 2022 has declined by 13% and deal value has fallen by 32%.

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Winston & Strawn Adds Fintech Pro To Growing Miami Office

Law 360 M&A

Winston & Strawn LLP continued its Miami growth Monday by adding as a partner the deputy general counsel and chief compliance officer of Cross River Bank.

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ARKO Expands Convenience Store Footprint Into Massachusetts Via Pride Acquisition

Benzinga

ARKO Corp (NASDAQ: ARKO ) subsidiary GPM has agreed to acquire Pride Convenience Holdings, LLC, for a total purchase price of $230 million plus the value of inventory. Pride Convenience operates 31 convenience stores, with many large format stores, including two high-volume Travel Centers for long-haul truckers and two modern City Stop locations that cater to short-haul truckers.

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Inside the turf war for JPMorgan’s MVP client

Financial Times M&A

Plus, Tiger feels the heat from Chinese equities and an Austrian billionaire gets tangled in an anti-corruption probe

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Psychedelics M&A: Beckley Psytech Acquires Eleusis Therapeutics, Strengthening Drug Pipeline And R&D Team

Benzinga

Private psychedelics medicine company Beckley Psytech Ltd. has acquired 100% of clinical-stage life sciences company Eleusis Therapeutics Ltd., entitling the former to full developmental and commercial rights of the latter’s assets. Eleusis CEO Shlomi Raz will become Beckley’s CBO , while the Eleusis research and development team will be immediately integrated into the company.

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Rethinking the Value and Emission Implications of Green Bonds

Reynolds Holding

Sustainable investing implies that green assets entail low expected returns because (i) green investors relish holding them and (ii) such assets hedge climate risk by encouraging pro-environmental outcomes. In a new paper, we evaluate whether these predictions are supported by the data using a sample of green bonds. In the process, we investigate (i) whether green bonds are associated with significant returns for bondholders and equity investors, both at the time of issuance and after; and (ii)

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In pursuit of value—not work

Mckinsey and Company

Are you working for work’s sake or creating value?

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How To Assess Interlocking Directorates In Antitrust Ramp-Up

Law 360 M&A

The U.S. antitrust agencies appear poised to seek out the dual-role interlocks between competing companies that may violate Section 8 of the Clayton Act separate from other compliance matters such as merger reviews, so businesses should review holdings, interests, and officer and director roles for potential issues, say attorneys at Foley & Lardner.

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Snap One Acquires Leading Remote Support Subscription Service Parasol

Benzinga

CHARLOTTE, N.C., Oct. 24, 2022 (GLOBE NEWSWIRE) -- Snap One Holdings Corp. (NASDAQ: SNPO ) ("Snap One," the "Company," "we," or "our") , a provider of smart living products, services, and software to professional integrators, today announced the acquisition of Parasol ("Parasol") , a powerful 24/7 remote support service based on OvrC, creating new opportunities for Snap One Partners to focus on running their business while increasing profitability, productivity and service levels to their custom

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Del. Rulings May Shift Trend On Books-And-Records Demands

Law 360 M&A

Two recent decisions from the Delaware Court of Chancery involving shareholder Section 220 books-and-records demands may put the brakes on a trend allowing more liberal inspection of informal corporate materials, and help corporations beat back such discovery requests, say Daniel Halston and Ted Hasen at WilmerHale.

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Middlefield Banc Corp. Receives Regulatory Approvals and Favorable Recommendation from ISS

Benzinga

MIDDLEFIELD, Ohio, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. ("Middlefield" or the "Company") (NASDAQ: MBCN ), the bank holding company for The Middlefield Banking Company, today announced that it has received the necessary regulatory approvals to complete the proposed merger of Liberty Bancshares, Inc. (OTC Markets: LBSI) ("Liberty").

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Deal Breach Coverage Suit Belongs In State Court, Co. Says

Law 360 M&A

A waste management company asked a New York federal judge to remand to state court its suit seeking coverage for losses stemming from breaches of representations and warranties in an acquisition agreement, arguing that its insurers waived their right to removal.

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