Wed.Apr 19, 2023

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Forward Thinking on people on the move and the technological progress and productivity they bring with Dany Bahar

Mckinsey and Company

Why are some countries rich and some poor? A leading economist finds the answer in the interactions of economies with the rest of the world, through trade, capital flows, and—notably—migration. “I think that migration could be the key to economic development that we haven’t discovered yet,” he says.

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What The First Universal Proxy Card Contests Say About the Future of Activism

Harvard Corporate Governance

Posted by Kai H.E. Liekefett, Derek Zaba, and Eric S. Goodwin, Sidley Austin LLP, on Wednesday, April 19, 2023 Editor's Note: Kai H.E. Liekefett and Derek Zaba are partners with Sidley Austin LLP and co-chairs of its Shareholder Activism and Corporate Defense Practice, and Eric S. Goodwin is a managing associate with Sidley and a member of its Shareholder Activism and Corporate Defense Practice.

Start-ups 253
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4 questions to drive your audit firm’s evolution

ThomsonReuters

The accounting and audit profession is undergoing significant changes as a result of the rapid advancement of technology. While some have expressed concerns that automation may replace human auditors, the reality is that technology is here to enhance the profession rather than replace it. Automation tools can help streamline processes , reduce inefficiencies, and free up human auditors to focus on higher-value tasks.

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Private Equity and the Corporatization of Health Care

Harvard Corporate Governance

Posted by Mark A. Hall (Wake Forest University), Erin C. Fuse Brown (Georgia State University), on Wednesday, April 19, 2023 Editor's Note: Mark A. Hall is the Fred D. and Elizabeth L. Turnage Professor of Law at Wake Forest University. Erin C. Fuse Brown is the Catherine S. Henson Professor of Law at Georgia State University. This post is based on their article , forthcoming in the Stanford Law Review.

Equity 243
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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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FNMA Property Data Collectors Program Violates WV Law

Appraisers Blog

The Fannie Mae Property Data Collectors program seems to have run afoul of West Virginia law. This program allows for the collection of data related to real estate appraisals by unlicensed third-party data collectors, which is in direct violation of article 38 of the state’s Real Estate Appraiser Licensing and Certification Act. The act specifically states that only a casual or drive-by inspection can be performed when it comes to consumer loans secured by real estate, and no opinion can be rend

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Take Advantage of the Rehabilitation Tax Credit When Altering or Adding to Business Space

Machen McChesney

If your business occupies substantial space and needs to increase or move from that space in the future, you should keep the rehabilitation tax credit in mind. This is especially true if you favor historic buildings.

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More Trending

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ADDING and REPLACING OriginClear Contributes Modular Water Systems Division to its Water On Demand Subsidiary

Business Wire M&A

CLEARWATER, Fla.--(BUSINESS WIRE) - $OCLN #cleanwater--OriginClear Contributes Modular Water Systems Div. to its Water On Demand Subsidiary. Synergy could accelerate adoption of private water treatment.

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Without Stronger Due Diligence, Attys Risk AML Regulation

Law 360 M&A

Amid increasing pressure to mitigate money laundering and terrorism financing risks in gatekeeper professions, the legal industry will need to clarify and strengthen existing client due diligence measures — or risk the federal regulation attorneys have long sought to avoid, says Jeremy Glicksman at the Nassau County District Attorney’s Office.

Finance 73
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The strategic era of procurement in construction

Mckinsey and Company

As the industry transitions to sustainable construction, chief procurement officers will play key roles in helping companies decarbonize and improve profitability.

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Glencore says it is willing to improve $23bn bid for Teck Resources

Financial Times M&A

Swiss commodities trader says offer depends on engagement from Canadian miner’s board

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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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The future of mobility: Global implications

Mckinsey and Company

Mobility is on the verge of a major transformation, but those shifts may occur slowly over the next few years. One major outcome: fewer private-car sales.

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The private equity deal behind Murdoch’s $787.5mn loss

Financial Times M&A

Plus, Glencore continues its pursuit of Teck Resources and London listings struggle under a strict pension investment regime

Equity 68
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Fewer vehicles to qualify for clean vehicle credit in the short term

LaPorte

New rules for EV credit reduce the number of eligible models after Apr. 17, 2023. The list of eligible models is likely to grow. The post Fewer vehicles to qualify for clean vehicle credit in the short term first appeared on LaPorte.

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Answers to Common Questions About ESOPs | Meaden & Moore

Meade & Moore

Employee stock ownership plans (ESOPs) can have many benefits for business owners, shareholders, and employees. However, there is no doubt that they can be complex, and they are not right for every company. To help you determine whether ESOPs are right for your business, we created this blog post that has answers to many ESOP FAQs.

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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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Eversheds, Ellenoff Guide Fla. Solar Co. In $475M SPAC Deal

Law 360 M&A

Florida-based residential solar provider Sunergy Renewables LLC announced Wednesday it will become a publicly traded company following its merger with ESGEN Acquisition Corp., in a deal helmed by three firms that would give the combined business a pro forma implied enterprise value of $475 million.

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FCPT Announces Acquisition of a WellNow Urgent Care Property for $2.4 million

Business Wire M&A

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a WellNow Urgent Care property for $2.4 million. The property is newly constructed and located in a strong retail corridor in Indiana and is corporate-operated under a net lease.

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Cadwalader Adds Another Ex-King & Spalding Finance Partner

Law 360 M&A

Cadwalader Wickersham & Taft LLP has added another finance partner from King & Spalding LLP to its ranks just over two months after adding four other finance attorneys from the same firm.

Finance 52
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Excelra übernimmt BISC Global und schafft damit eine internationale Hochburg für Bioinformation mit branchenführender Plattform und umfassendem Serviceangebot

Business Wire M&A

HYDERABAD (Indien), GENT (Belgien) und BOSTON (USA)--(BUSINESS WIRE)--Excelra, ein führender Anbieter von biowissenschaftlichen Daten und digitalen Lösungen, hat das Beratungsunternehmen für Bioinformatik und Datenanalyse BISC Global mit Niederlassungen in Europa und den USA übernommen.

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Is the Door Closing on the Self-Employment Tax Exemption for Active Limited Partners?

Trout CPA

A judicial resolution may be near for the unanswered question of whether limited partners in state law limited partnerships may claim exemption from self-employment (SECA) taxes — despite being more than passive investors. Depending on the outcome in the pending Soroban Capital Partners litigation, limited partners in state law limited partnerships who actively participate in the partnership’s business may lose the opportunity to claim this exemption.

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Excelra acquiert BISC Global et crée une puissance internationale en bioinformatique avec une plateforme et une offre de services à la pointe du secteur

Business Wire M&A

HYDERABAD (Inde), GAND (Belgique) et BOSTON--(BUSINESS WIRE)--Excelra, l'un des principaux fournisseurs de données et de solutions numériques dans le domaine des sciences du vivant, a acquis BISC Global, une société de conseil en bio-informatique et en analyse de données ayant des bureaux en Europe et aux États-Unis.

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Value Drivers for a Hair Salon

Peak Business Valuation

The hair salon industry is thriving with pent-up demand from the COVID-19 pandemic closures. However, competition in the hair salon industry is high. In addition, there are low barriers to entry. Whether you are looking to buy , sell , or grow a hair salon , it is important to know the value of a hair salon. Understanding value drivers for a hair salon can help your salon be competitive and successful.

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Glencore-Teck Resources Deal: Glencore Ready To Raise Bid, Pressure Teck For Takeover

Benzinga

Glencore Plc is willing to improve its $22.5 billion takeover offer of told Teck Resources Ltd (NYSE: TECK ), said Gary Nagle, Glencore CEO, in a letter to Teck shareholders. The European company is putting pressure on the Canadian miner, saying the Proposed Merger/Demerger is superior to the Proposed Teck Separation as it provides the most compelling value proposition to Teck shareholders.

Equity 52
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Excelra Acquires BISC Global, Creating an International Bioinformatics Powerhouse With an Industry-Leading Platform and Service Offering.

Business Wire M&A

HYDERABAD, India & GENT, Belgium & BOSTON--(BUSINESS WIRE)-- #BISCGlobal--Excelra has acquired BISC Global, a bioinformatics and data analytics consulting company with offices across Europe and the USA.

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Meta Prepares For Further Job Cuts, Google To Allow Developers To Use Alternative Payment Options, Intel Ditches Production Of Bitcoin Mining Chip: Today's Top Stories

Benzinga

Bloomberg Meta Sharpens Knives On Facebook, WhatsApp, Instagram And Reality Labs Workforce: Begin Next Round Of Layoff Meta Platforms Inc (NASDAQ: META ) notified managers to prepare to announce job cuts on Wednesday under a cost-cutting push likely to pare 10,000 positions at the company. The downsizing will impact Facebook , WhatsApp , Instagram , and Reality Labs , which houses the firm's virtual reality efforts and Quest hardware.

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Benchmark International’s Kendall Stafford Wins SHE For SHE Leader Award

Benchmark Report

Our managing partner, Kendall Stafford, has been awarded the SHE for SHE Leader award by the Global M&A Network's Fifth Annual Top USA Women Dealmakers awards. The awards honor and celebrate brilliant, highly respected, and inspirational women from the United States deal communities, from boutique, middle-market firms to large-cap segments. The SHE for SHE Woman Leader award honors an influential woman from the private equity, venture capital, M&A, and restructuring transactional communi

Equity 52
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Lululemon Is Exploring Sale of Mirror Unit Bought in 2020 To Competitor: Report

Benzinga

Lululemon Athletica Inc (NASDAQ: LULU ) seeks to sell its at-home fitness business, Mirror, which it bought in 2020. The company approached its competitor Hydrow as a potential buyer, said CNBC. LULU rebranded Mirror as Lululemon Studio post the acquisition. Also read: Lululemon Q4 Earnings Highlights: Revenue Beat, Full story available on Benzinga.

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Rethinking risk assessments: From “checking the box” to competitive advantage

LaPorte

Conducting a comprehensive risk assessment is just the beginning of digital risk transformation. Executives must use risk assessments to guide improvements and create a competitive advantage. The post Rethinking risk assessments: From “checking the box” to competitive advantage first appeared on LaPorte.

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UniCredit/BPM: a tempting morsel for another day

Financial Times M&A

Italian bank has made progress streamlining its business — buying rival would add complications

Banking 73
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How is Corporate Governance a Competitive Advantage?

Reynolds Holding

In the corporate law community, we too often claim that good corporate governance is a competitive advantage. But what is the social-science evidence foe that claim? We warn clients about Caremark and other sources of liability for poor corporate governance. ( See, e.g. , Bird and Manning Magrid’s excellent piece in the pages of this blog.) And we suggest that better-run organizations not only avoid liability, but are more successful than their competitors.

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The future of mobility: The future landscape

Mckinsey and Company

Options for traveling from point A to point B often depend on local forces—consumer preferences, available infrastructure, and government regulations.

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Davis Polk Discusses SEC’s Proposed Safeguarding Rule for Registered Advisers

Reynolds Holding

On February 15, 2023, the SEC proposed a sweeping new rule (Proposed Rule) which would replace current Rule 206(4)-2 (Custody Rule) under the Investment Advisers Act of 1940 (Advisers Act or Act). The Custody Rule was originally adopted in 1962 and was most recently amended in 2009. It regulates the custody practices of investment advisers registered (or required to register) under the Advisers Act.

Banking 45
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A book the IIA should read

Norman Marks

As the IIA absorbs what the practitioner community is saying about its flawed draft update of the Standards, I have suggested that they read my book, “Auditing what matters“ The review panel included eminent practitioners, with several former IIA chairs: John Fraser Steve Goepfert Larry Harrington Tom McLeod Patty Miller Michael Parkinson Dominique Vincenti In […]

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What’s next for Microsoft Identity Manager

Avanade

In his latest blog post, identity expert Darren Robinson discusses the benefits of implementing One Identity Manager

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Schwazze Gobbles Up Colo. Dispensary In $10.5M Deal

Law 360 M&A

Cannabis company Schwazze has announced that it will acquire certain assets of Standing Akimbo LLC, a Denver-based medical marijuana dispensary, in a deal totaling $10.5 million.

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