August, 2022

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ESG Ratings: A Compass without Direction

Harvard Corporate Governance

Posted by Brian Tayan (Stanford University), on Wednesday, August 24, 2022 Editor's Note: Brian Tayan is a researcher with the Corporate Governance Research Initiative at Stanford Graduate School of Business. This post is based on a recent paper by Mr. Tayan; David Larcker , Professor of Accounting at Stanford Graduate School of Business; Edward Watts , Assistant Professor of Accounting at Yale School of Management; and Lukasz Pomorski , Lecturer at Yale School of Management.

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Jim Ratcliffe declares interest in buying Manchester United

Financial Times M&A

UK billionaire emerges as potential buyer of struggling football giant if Glazer family want to sell

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The New Corporate Governance

Reynolds Holding

In the last few years, there has been a dramatic increase in shareholder engagement on environmental and social issues. Consider two examples from 2021. Eighty-one percent of DuPont shareholders approved a proposal requiring the company to disclose how much plastic it releases into the environment each year and to assess the effectiveness of DuPont’s pollution policies.

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Fintech in Africa: The end of the beginning

Mckinsey and Company

Africa’s fintech industry is coming of age. In the face of political and economic challenges and a global pandemic, fintech on the continent is booming. Here’s what comes next.

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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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Are you ready for collaborative apps?

Avanade

The real gains from Microsoft Teams come when we start to automate common workflows or redesign processes that use the collaboration and communications fundamentals of Teams to drive increased productivity.

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Chamath Palihapitiya's SPAC Track Record Means Double-Digit Losses For You. Here Are The Details On All His Deals

Benzinga

Chamath Palihapitiya was one of the biggest names in the SPAC market in 2021 and when times were good for new companies going public, Palihapitiya had some of the best-performing deals of that year. The year 2022 has not been as kind to Palihapitiya with re-valuations on many of the companies that went public by investors seeing shares below the former $10 price point of the SPACs.

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Co-op to sell petrol forecourt business to rival Asda for £600m

The Guardian M&A

Company says money from deal will be used to cut debt and reinvested in its ‘core convenience’ business The Co-operative Group has agreed to sell its petrol forecourt business to its supermarket rival Asda for £600m, saying it would use the money to reduce debt and open more convenience stores. The sale includes 129 petrol stations with grocery stores attached located across the UK, representing 5% of Co-op’s retail estate of more than 2,500 outlets, as well as three planned petrol station sites

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Appraiser Miller Wins

Appraisers Blog

Appraiser Miller wins important claim in racial discrimination lawsuit. Judge ruled Plaintiffs did not rely on Miller’s appraisal. The other claims continue but this was an important claim. It also shows the Plaintiffs lied to the Court. ORDER GRANTING MILLER DEFENDANTS’ MOTION TO DISMISS FIRST AMENDED COMPLAINT; DISMISSING PLAINTIFFS’ SEVENTH CLAIM FOR RELIEF AS ASSERTED AGAINST MILLER DEFENDANTS; VACATING HEARING.

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Author Talks: Design your future

Mckinsey and Company

Danish design experts Christian Bason and Jens Martin Skibsted say humanity needs a more expansive outlook on problem-solving—one that is less human-centered and more future-proof.

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Eight pitfalls to avoid in managing a multi-generational workforce

Avanade

By avoiding the pitfalls of engaging a multi-generational workforce, organizations can capture the best of each generation’s workstyle and harness that energy for strategic growth.

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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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Why This Twitter Analyst Says Whistleblower A 'Huge Potential Win' For Elon Musk

Benzinga

A former Twitter Inc (NYSE: TWTR ) security chief has turned whistleblower, alleging the company knew of security and bot issues. The information could support Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk’s accusations the social media platform has downplayed bot issues. Here’s what one analyst has to say about the newest piece of information in the highly publicized acquisition of the social media platform.

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ESG + Incentives 2022 Report

Harvard Corporate Governance

Posted by John Borneman, Jennifer Teefey, and Matthew Mazzoni, Semler Brossy Consulting Group LLC, on Monday, August 22, 2022 Editor's Note: John Borneman is Managing Director, and Jennifer Teefey and Matthew Mazzoni are Senior Associates at Semler Brossy Consulting Group LLC. This post is based on a Semler Brossy memorandum by Mr. Borneman, Ms. Teefey, Mr.

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Musk Adds Whistleblower Claims To Twitter Deal Break Notice

Law 360 M&A

Elon Musk sent another letter to Twitter declaring his termination of his $44 billion deal to take the social media giant private, citing in part new allegations raised by Twitter's former top security executive, who was fired in January and recently filed a series of federal whistleblower actions.

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Manager’s Guide to Goal Setting

Rhythm Systems

Use the SMART Goals Framework. The SMART goals framework helps you set realistic goals that are measurable, attainable, relevant, specific, timely, and trackable. Many successful people across all industries use this framework to achieve success. These apply to individual, team, and company goals. Using this proven framework helps you reach your goals faster.

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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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Creating a technology risk and cyber risk appetite framework

Mckinsey and Company

Here’s how to build a comprehensive, measurable, and objective end-to-end risk appetite framework as a foundation for managing technology risk and cyber risk.

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How will digitalisation power the energy transition?

Avanade

Transforming the energy sector is one of the biggest and most important challenges we face today. By embracing digital technologies these companies stand to reap colossal rewards.

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Elon Musk Serves 2nd Termination Letter To Twitter On Undisclosed Bases: What You Need To Know

Benzinga

Tesla Inc. (NASDAQ: TSLA ) CEO Elon Musk sent a second termination letter to Twitter, Inc. (NYSE: TWTR ) on Monday — this time adding additional bases separate and distinct from the ones mentioned in the July 8 termination letter — according to an amendment to the Schedule 13D filed with the SEC on Tuesday. “Allegations regarding certain facts, known to Twitter prior to and as of.

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Proxy Voting: Managers Focus on Environmental and Social Themes

Harvard Corporate Governance

Posted by Lindsey Stewart, Morningstar, Inc., on Thursday, August 18, 2022 Editor's Note: Lindsey Stewart is Director of Investment Stewardship Research at Morningstar, Inc. This post is based on his Morningstar memorandum. Related research from the Program on Corporate Governance includes The Agency Problems of Institutional Investors (discussed on the Forum here ) by Lucian Bebchuk, Alma Cohen, and Scott Hirst; Index Funds and the Future of Corporate Governance: Theory, Evidence, and Policy

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Elon Musk adds whistleblower claims to list of reasons for ending Twitter deal

The Guardian M&A

Tesla chief is trying to withdraw from his agreement to a $44bn takeover of the social media platform Elon Musk has formally added last week’s whistleblower allegations against Twitter as a reason for terminating his $44bn (£37.7bn) takeover of the social media platform. Representatives of the Tesla CEO said accusations of “far-reaching misconduct” at Twitter from Peiter Zatko, the company’s former head of security, constituted a further breach of the deal.

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Taxes and the Inflation Reduction Act: What middle market businesses should know

LaPorte

(authored by RSM US LLP) Tax changes in the Inflation Reduction Act could affect middle market businesses despite targeting large corporations and high-income individuals. The post Taxes and the Inflation Reduction Act: What middle market businesses should know first appeared on LaPorte.

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Freelance, side hustles, and gigs: Many more Americans have become independent workers

Mckinsey and Company

Independent work is booming, the American Opportunity Survey shows. For these workers and society, the upsides and drawbacks are all part of the gig.

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Reimagining Recruiting and Retention to Build a Stronger Internal Audit Team

Audit Board

Welcome to the post-COVID workplace. If you want a fully staffed internal audit department composed of the best and brightest talent with the collective expertise to address the extraordinary risks facing your organization, it’s time to rethink your approach to recruiting and retention. . Internal audit is struggling to find and keep talent. In a June 2022 LinkedIn poll , more than 50% of internal audit respondents signaled that their departments have been struggling to fill vacancies for more t

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Roper To Snap Frontline Education From Thoma Bravo For $3.7B

Benzinga

Roper Technologies, Inc (NYSE: ROP ) agreed to acquire Frontline Education from Thoma Bravo in an all-cash transaction valued at $3.725 billion. Including a tax benefit, the net purchase price is $3.375 billion, representing 19 times Frontline's estimated 2023 EBITDA. Frontline's cloud-based software provides a connected platform of administrative.

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Back to Basics: Board Committees

Harvard Corporate Governance

Posted by Natalie Cooper and Robert Lamm (Deloitte LLP), and Randi Val Morrison (Society for Corporate Governance), on Saturday, August 6, 2022 Editor's Note: Natalie Cooper is Senior Manager and Robert Lamm is an independent senior advisor, both at the Center for Board Effectiveness, Deloitte LLP; and Randi Val Morrison is Vice President, Reporting & Member Support at the Society for Corporate Governance.

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These Firms Have The Most Women In Equity Partnerships

Law 360 M&A

Law firms still have a long way to go when it comes to closing the gender gap, particularly at the top. But at these firms, women have made inroads into the upper ranks, and are smashing the glass ceiling that has long kept women from making it into leadership roles.

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CEO KPI Examples from Balanced CEO Scorecards

Rhythm Systems

As a general rule, CEOs need easy access to a few key performance indicators—they need a CEO KPI dashboard that allows them, at a glance, to monitor how healthy the business is at a given point in time. With all the data you can have at your fingertips these days with mobile and tablets, it would be easy to go blind trying to interpret too many KPIs at once.

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The digital reinvention of enterprise tech go-to-market

Mckinsey and Company

As customers demand both transformational expertise and simplified, self-serve experiences, the traditional enterprise sales playbook is being disrupted from the top down and bottom up.

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Can We Use Flash Drives or CDs to Distribute Welfare Plan SPDs to Individuals Without Work-Related Computer Access?

ThomsonReuters

QUESTION: Many of our employees do not have computer access for their jobs. Can we provide SPDs for the company’s ERISA health and welfare plan to those employees using a flash drive, CD, or something similar that they can use on their home computers instead of mailing paper copies? ANSWER: In general, welfare plan SPDs (and other ERISA disclosures) may be furnished electronically to employees without work-related computer access if certain requirements are met, including obtaining the employe

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Musk's 'Absurdly Broad' Twitter User Data Requests Largely Dismissed By Delaware Judge

Benzinga

Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk wanted Twitter Inc (NYSE: TWTR ) to hand over data amounting to trillions of data points, but the demand was largely turned down by a judge on Thursday. What Happened: Chancellor Kathaleen McCormick of Delaware's Court of Chancery said Musk’s demands were “absurdly broad” and that “no one in their right mind has ever tried to undertake such an effort,” reported Reuters.

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Tech Companies Lean on Cyber to Go Faster and Gain Trust

Harvard Corporate Governance

Posted by Alex Holt, Mark Gibson, and Vijay Jajoo, KPMG LLP, on Sunday, August 21, 2022 Editor's Note: Alex Holt is Global Head of Technology, Media & Telecommunications, Mark Gibson is U.S. National Sector Leader of Technology, Media & Telecommunications, and Vijay Jajoo is Principal of Cyber Security Services, at KPMG LLP. This post is based on their KPMG memorandum.

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FTC Drops Mark Zuckerberg From Meta VR Merger Suit

Law 360 M&A

The Federal Trade Commission on Tuesday agreed to drop its claims against Mark Zuckerberg in the agency's legal challenge to Meta Platforms Inc.'s acquisition of virtual reality device app developer Within Unlimited Inc., according to a filing in California federal court.

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Planning Meeting Agenda for 2023: Conduct an Effective Planning Session

Rhythm Systems

You can make an argument that your company’s annual planning meeting is the most important thing you do all year. It is where you have your entire leadership team discusses all of the key issues facing your company and industry. Each of your quarterly execution plans will anchor off of the decisions you make during the yearly planning meeting, and those quarterly plans are what drive the focus of your team’s weekly and daily execution.

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How to make ESG real

Mckinsey and Company

While ESG is likely to evolve both in substance and name in the coming years, its underlying impulse is here to say. Here’s how companies can take a more systematic and rewarding approach to ESG.

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Agencies Issue FAQs (Part 55) With Wide-Ranging Surprise Medical Billing and Transparency Guidance

ThomsonReuters

FAQs About Affordable Care Act and Consolidated Appropriations Act, 2021 Implementation Part 55 (Aug. 19, 2022). Available at [link]. The DOL, HHS, and IRS have released FAQs (Part 55) addressing a wide variety of issues raised by the surprise medical billing rules enacted as part of the Consolidated Appropriations Act, 2021 (CAA). (The agencies simultaneously released surprise billing final regulations addressing a narrow set of independent dispute resolution (IDR) issues.