March, 2022

Proxy Season 2022: Early Trends in Executive Compensation

Harvard Corporate Governance

Posted by Amit Batish, Equilar, Inc., on Tuesday, March 29, 2022 Editor's Note: Amit Batish is Director of Content at Equilar, Inc. This post is based on an Equilar memorandum by Mr. Batish and Courtney Yu.

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Complete Checklist for Selling a Business

Viking Mergers

Without proper direction, selling a business can quickly become overwhelming and chaotic. Organizing the process into concrete tasks will help keep priorities in order and ensure that important things don’t fall through the cracks. Selling a Business Checklist: #1 Gather Advisors.

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Supporting IVS compliance in Spain

IVSC

ANALYSIS OF ALIGNMENT BETWEEN THE IVS AND THE SPANISH ECO ORDER 805/2003. By Paloma Arnaiz (AEV) & Alexander Aronsohn (IVSC).

How Did the Pandemic Impact EBITDA Multiples in 2020? Explore a 12-Month Snapshot in the DealStats Value Index

BVR

With the COVID-19 pandemic putting a stranglehold on the U.S.

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NAR Report Paints a Different Picture

Appraisers Blog

The study also shows the appraisal was the LOWEST scored item on the list of discriminatory practices… On February 23, 2022, NAR published the “2022 Snapshot of Race and Home Buying in America” report.

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Benchmark International Successfully Facilitated the Transaction Between 7 Elements Limited and Redcentric plc

Benchmark Report

Benchmark International has successfully advised on the sale of Edinburgh-based 7 Elements to Harrogate-based Redcentric.

SPAC Disclosure of Net Cash Per Share: A Proposal for the SEC

Harvard Corporate Governance

More Trending

Protected: Review: Valuing A Business “VAB” 6th Edition by Ray Moran

IVSC

This content is password protected. To view it please enter your password below: Password: The post Protected: Review: Valuing A Business “VAB” 6th Edition by Ray Moran appeared first on International Valuation Standards Council. General News

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4Q 2020 U.S. Economic Performance Indicators at a Glance: GDP, Consumer Spending, and Unemployment

BVR

In today’s constantly changing and evolving economy, business valuators must have a firm grasp of the current state in order to successfully complete a business valuation engagement.

Investment Banking Information Sessions: A Way to Stand Out as a Human in a Virtual World, or a Complete Waste of Time?

Brian DeChesare

Some people like to complain about networking in general, but if there’s a specific part of networking that almost everyone likes to complain about, it’s investment banking information sessions.

Benchmark International Successfully Facilitated the Transaction Between Absolute Solar and Wind Ltd and RSK Group

Benchmark Report

Benchmark International has advised on the transaction between Loch Lomond-based Absolute Solar and Wind ( Absolute ) and Cheshire-based RSK.

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The COVID-19 Pandemic’s Fleeting and Lasting Impact on Executive Compensation

Harvard Corporate Governance

Posted by Mike Kesner, Linda Pappas, and Joshua Bright, Pay Governance LLC, on Thursday, March 31, 2022 Editor's Note: Mike Kesner is partner and Linda Pappas and Joshua Bright are principals at Pay Governance LLC. This post is based on a Pay Governance memorandum by Mr. Kesner, Ms.

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Seller’s Discretionary Earnings Explained

Viking Mergers

Seller’s Discretionary Earnings Definition. Seller’s Discretionary Earnings (SDE) is a cash-flow-based estimate of the total financial benefit a full time owner-operator derives from the business on an annual basis.

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Thomas Lee announced as new Chair of the IVSC’s Financial Instruments Board

IVSC

KPMG Canada Partner and current IVSC board member, Thomas Lee , will take over as Chair of the IVSC’s Financial Instruments Board next month when Gavin Francis steps down after three years in the role.

Treasure Trove of Data in the 2021 Business Reference Guide

BVR

Business valuation experts can find a great deal of useful information in the Business Reference Guide (BRG) by Tom West, which has been updated for 2021.

RBC agrees to buy UK wealth manager Brewin Dolphin for £1.6bn

Financial Times M&A

Canadian bank’s offer comes at a 62% premium to 260-year-old target’s closing share price

Benchmark International Successfully Facilitated the Transaction Between Boyd Brothers (Fauldhouse) Ltd and British Engineering Services Group

Benchmark Report

Benchmark International is pleased to announce to acquisition of Livingston-based Boyd Brothers by British Engineering Services. Family-founded Boyd Brothers is an electrical and civil engineering contractor with over 50 years’ experience.

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Backed by SPACs, IPOs Hit New Heights in 2021

Harvard Corporate Governance

Posted by Joel Rubinstein, Michael Immordino, and John Guzman, White & Case LLP, on Thursday, March 24, 2022 Editor's Note: Joel Rubinstein , Michael Immordino , and John Guzman are partners at White & Case LLP.

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Keep Your Eye on the Prize – How Viking Helped the Hamilton’s Sell Their Business

Viking Mergers

Dee and Maureen Hamilton had worked hard for many years building up their business, Hamilton Electric & Plumbing, based in Pawley’s Island, SC. After being asked by friends when they were going to retire, Dee and Maureen began to think about and discuss their plans for the future.

Professional Insights: Linda de Beer

IVSC

Linda de Beer IVSC Trustee and Chair, PIOB Linda is a Chartered Accountant South Africa (SA), a Chartered Director SA and holds a Master’s degree in taxation. She is also a professor in practice (honorary) at the University of Johannesburg.

Insights, Tips, and Practical Advice From the AICPA Forensic and Valuation Services Conference

BVR

The 2020 AICPA Forensic and Valuation Services (FVS) Conference held this past November was loaded with great speakers and interesting sessions—so much so that we can’t include everything. Here are some key takeaways from the early sessions we attended. business valuation standards & regulations

Restaurant Association Urges IRS to Release ERC Funds

Concannon Miller

The National Restaurant Association is urging the IRS to release crucial Employee Retention Credits to the pandemic-stricken industry. Many restaurants that applied for ERC have not received the federal funds.

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Benchmark International Successfully Facilitated the Transaction Between CFR Management Services Limited and a Private Investor

Benchmark Report

Benchmark International is pleased to announce that Derby-based CFR has been acquired by a private investor.

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Board Oversight of ESG: Preparing for the 2022 Proxy Season and Beyond

Harvard Corporate Governance

Posted by David M. Silk, Sabastian V. Niles, and Carmen X. Lu, Wachtell, Lipton, Rosen & Katz, on Monday, March 28, 2022 Editor's Note: David M. Silk and Sabastian V. Niles are partners and Carmen X. Lu is counsel at Wachtell, Lipton, Rosen & Katz. This post is based on their Wachtell memorandum.

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4 Important Tax Issues to Consider When Selling a Business

Viking Mergers

There can be significant tax implications on selling a business. Inevitably, you will pay taxes on the income of the sale, but there are some ways to minimize your taxes on selling a business so you can keep more in your pocket.

VA Unofficially Says NOPE to ANSI

Appraisers Blog

The other agencies, Freddie Mac, HUD/FHA, USDA, ONAP, VA have NOT (yet) adopted this ANSI measuring protocol. Appraisers, an appraiser I know sent an email to the VA asking if VA was going to require appraisers to adhere to the ANSI Z765-2021 Measuring Standard as of April 1, 2022.

Wholesale Trade: Sales and Inventories

BVR

In the May issue of the Economic Outlook Update (EOU), the publication added data highlighting the wholesale trade segment of the U.S. economy, putting a spotlight on the data the U.S. Census published.

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SAS 136: Changes to the auditor’s report

LaPorte

(authored by RSM US LLP) For employee benefit plans subject to ERISA, Statement on Auditing Standards No. 136 changes the look of the auditor’s report. The post SAS 136: Changes to the auditor’s report first appeared on LaPorte. Employee Benefit Plan Audit Services EBP Auditor's Report SAS 136

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Strategies for Retaining Talent During a Merger or Acquisition

Benchmark Report

Mergers and acquisitions are effective solutions for growing a company , getting a competitive edge, accessing new resources, lowering risk, tapping into new markets, and acquiring key talent. Obviously, these are all very appealing to investors and upper management.

2022 Proxy Season and Shareholder Voting Trends

Harvard Corporate Governance

Posted by Matteo Tonello, The Conference Board, Inc., on Wednesday, March 30, 2022 Editor's Note: Matteo Tonello is managing director of ESG at The Conference Board, Inc.

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What Happens to Cash When Selling a Business?

Viking Mergers

We receive many questions about various aspects of selling a business, from valuation methods to taxes on selling a business to when to tell employees you are selling. Another important consideration: “What happens to cash when selling a business?”.

Anti-Appraiser Agenda

Appraisers Blog

Money may have been used to buy influence and promote the current anti-appraiser narrative being embraced by key public servants in the executive and legislative branches.

Business Valuation’s ‘Dirty Little Secret’

BVR

Recent developments have put the spotlight squarely on projected financial information (PFI). The perception is that too many valuation experts simply accept projections and forecasts they’re given without applying enough scrutiny—or any scrutiny at all.

Bain steps up pursuit of Toshiba, gaining support of biggest investor

Financial Times M&A

Backing from Effissimo puts pressure on Toshiba to court buyout offers from private equity consortiums

Benchmark International Successfully Facilitated the Transaction Between Action Computer Sales & Service Inc. And Alltech Computer Works

Benchmark Report

The seller, Action Computer, is a complete IT services provider that plans, designs, implements, and maintains a company’s IT system. Action has been servicing the Southeast region since 1981, keeping systems current and trouble-free.

Board Leadership and Performance in a Crisis

Harvard Corporate Governance

Posted by Rusty O'Kelley, Rich Fields, and Laura Sanderson, Russell Reynolds Associates, on Friday, March 25, 2022 Editor's Note: Rusty O’Kelley III co-leads Board & CEO Advisory Partners in the Americas; Rich Fields is leader of the Board Effectiveness Practice at Russell Reynolds Associates; and Laura Sanderson co-leads Board & CEO Advisory Partners in Europe. This post is based on their Russell Reynolds memorandum.

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What Younger Investors Expect Of Their Financial Advisors

Truelytics

Modern Financial Advisor Podcast ·. Episode 78 - What Younger Investors Expect Of Their Financial Advisors. Just about every financial advisory firm we talk to is actively looking to attract younger clients.