October, 2022

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How cyber governance and disclosures are closing the gaps in 2022

Harvard Corporate Governance

Posted by Chuck Seets and Pat Niemann, EY, on Sunday, October 2, 2022 Editor's Note: Chuck Seets is Americas Assurance Cybersecurity Leader and Pat Niemann is Americas Audit Committee Forum Leader at EY. This post is based on their EY memorandum. Cybersecurity is reaching an inflection point. Risks are growing and broader regulations are looming. Some companies are keeping pace, but others are lagging, both in disclosures and warding off threats.

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How Does Board-Shareholder Engagement Really Work?

Reynolds Holding

Board-shareholder engagement plays an important role in corporate governance. In the last decade, investors have increasingly influenced business decisions, and their activities have extended beyond the formal submission of shareholder resolutions for voting at annual meetings. On their part, directors and managers have kept an open channel of communication.

Equity 141
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Power spike: How battery makers can respond to surging demand from EVs

Mckinsey and Company

As the auto market embraces electric vehicles, battery demand is soaring. Bold moves in gigafactory construction, supply chain strategy, and talent acquisition can help industry players get ahead.

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Can Elon Musk Make the Math Work on Owning Twitter? It’s Dicey.

NYT M&A

Mr. Musk faces financial challenges in owning Twitter. The site frequently loses money and took on $13 billion in debt for the blockbuster deal.

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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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This Investor Never Got Caught 'Swimming Naked' Due To A Little-Known Wealth-Building Strategy

Benzinga

Famed investor Warren Buffett once said, “It’s only when the tide goes out that you learn who has been swimming naked.” In other words: An investment may appear promising up to a point. If the company you invested in is too leveraged and the tide turns, everything becomes exposed. And the investment gets spoiled. Tim Melvin has never been caught swimming naked.

Finance 111
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Making metaverse real – it starts now

Avanade

Despite the hype, some believe that the metaverse is a blending of physical and digital in a way that is seemingly inaccessible today. But that couldn’t be further from the truth.

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More Trending

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Can Participants Certify Electronically That They Have a Financial Need for Which a Hardship Distribution Can Be Made?

ThomsonReuters

QUESTION: When participants request hardship distributions under our 401(k) plan, we collect and store documents showing that the participant had one of the immediate and heavy financial needs that are deemed sufficient to permit a hardship distribution. Could we instead allow participants to certify their needs electronically? We already use self-certification to establish that the requested distribution is necessary to satisfy the need.

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The fight against money laundering: Machine learning is a game changer

Mckinsey and Company

To realize the full benefits of machine learning and advanced analytics in anti–money laundering, institutions need AML experts, strong data science talent, and reliable data sources in the fight against this type of financial crime.

Banking 141
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Elon Musk Is Said to Have Ordered Job Cuts Across Twitter

NYT M&A

The billionaire planned to begin layoffs as soon as Saturday, people with knowledge of the matter said.

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Judge Thinks Elon Musk May Have Deleted Messages Related To Twitter, Says Trial Must Move Ahead

Benzinga

Despite news that Elon Musk again submitted a bid to acquire social media platform Twitter Inc (NYSE: TWTR ), a trial between the Tesla Inc (NASDAQ: TSLA ) CEO and the acquisition target is still on. What Happened: Judge Kathaleen McCormick sent a notice to counsel in the court case involving Musk and Twitter that the planned date of Oct. 17 would begin the highly anticipated trial.

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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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Twitter Trading Halted After Report Of Deal With Elon Musk

Law 360 M&A

Trading of Twitter Inc. shares was halted at midday Tuesday amid reports that tech mogul Elon Musk has reversed course and agreed to close on his original, $54.20-per-share take-private deal for the company on April 25.

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The Irrelevance of Delaware Corporate Law

Harvard Corporate Governance

Posted by Robert J. Rhee (University of Florida), on Friday, September 30, 2022 Editor's Note: Robert J. Rhee is John H. and Marylou Dasburg Professor of Law at the University of Florida Levin College of Law. This post is based on his recent paper , forthcoming in the Journal of Corporation Law , and is part of the Delaware law series ; links to other posts in the series are available here.

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Elon Musk proposes buying Twitter for originally agreed $44bn

Financial Times M&A

Tesla chief and social media company were set to take their dispute to trial later this month

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The scaling imperative for industry 4.0

Mckinsey and Company

Global Lighthouse Network organizations continue to light the way in the Fourth Industrial Revolution. To keep up, companies must now scale technologies across sites and value chains.

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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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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Tweet. By Warren H. Morss, GIA GG, ASA, MGA®. Being in business for over forty years, I have seen many changes in society regarding our personal and business lives. Our ability to embrace change and adapt to new concepts and technologies has defined our path through the first decade and a half of the twenty first century. It is along this path that I chose to further my professional career in the Gem & Jewelry discipline of the professional appraisal field.

Appraisal 104
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Elon Musk Reportedly Brings Tesla Engineers Into Twitter Office To Scrutinize Codes After Takeover

Benzinga

Elon Musk has reportedly asked Tesla Inc (NASDAQ: TSLA ) engineers to assess Twitter Inc 's (NYSE: TWTR ) internal codes as he begins his makeover of the microblogging firm after closing a $44 billion buyout. What Happened: Tesla engineers visited Twitter's San Francisco headquarters on Thursday and reviewed the codes to assess what the microblogging site needs, Bloomberg reported , citing people familiar with the matter.

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Twitter trolls bombard platform after Elon Musk takeover

The Guardian M&A

Platform says 300 accounts carried out 50,000-plus tweets in ‘organised effort to make users think firm has changed content policy’ Banned British far-right figures return within hours of takeover Heaven or hellscape – what will Musk’s Twitter look like? Fears raised over disinformation and hate speech Twitter has been hit by a coordinated trolling campaign in the wake of Elon Musk’s takeover, with more than 50,000 tweets from 300 accounts bombarding the platform with hateful content.

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ESG Reporting: Asset Managers Express Divergent View

Harvard Corporate Governance

Posted by Lindsey Stewart, Morningstar, Inc., on Monday, October 17, 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 Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

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‘Everything in UK is on sale,’ says US private equity executive

Financial Times M&A

Ares Management’s Blair Jacobson expects US buyers to take advantage of weak British currency

Equity 142
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Will fusion energy help decarbonize the power system?

Mckinsey and Company

Nuclear fusion has long been considered a near-impossible clean-energy solution. But technological advances—and the need for a flexible zero-carbon power grid—have made fusion worth considering.

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Union Bank Wins $18M From Axos In Ch. 7 Poaching Trial

Law 360 M&A

Axos Bank must pay $18.3 million for using a bankruptcy software deal to pilfer MUFG Union Bank's lucrative Chapter 7 trustee deposit business, a Manhattan jury ruled Wednesday.

Banking 98
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Penguin Random House’s Bid to Acquire Simon & Schuster Blocked by Judge

NYT M&A

The government’s case blocked the merger of two of the United States’ largest publishers and reflected a more aggressive approach to curbing consolidation. It was closely watched by the publishing industry.

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Deloitte and AuditBoard Team Up to Help Companies Streamline and Enhance the Quality of ESG Program Management and Reporting

Audit Board

LOS ANGELES, CA — October 31, 2022 — Deloitte & Touche LLP and AuditBoard today announced an extension of their strategic business alliance that will help companies simplify environmental, social, and governance (ESG) reporting, unify their ESG data, streamline evidence collection, and automate ESG activities to enable greater visibility. The alliance extension allows companies to address their ESG initiatives by utilizing AuditBoard’s innovative cloud-based platform for audit, risk, and c

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Green Energy Depends on Critical Minerals. Who Controls the Supply Chains?

Harvard Corporate Governance

Posted by Adnan Mazarei (Peterson Institute for International Economics), on Tuesday, October 11, 2022 Editor's Note: Adnan Mazarei is a nonresident senior fellow at the Peterson Institute for International Economics. This post is based on a recent paper by Mr. Mazarei, Luc Leruth , a visiting resident scholar at the International School of Economics at Tbilisi University and associate researcher at the University of Clermont-Ferrand, Pierre Régibeau, chief competition economist in DG Competitio

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Want Better Employee Engagement? START With Your Values!

Rhythm Systems

I know, I know; you've heard it all before! These are the top things to do to retain and attract talent and increase employee engagement in your organization (insert a number of excellent reads here)! I'm sure you've heard this many times and have read at least a few top-tier articles on managing employee engagement.

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Europe’s fintech opportunity

Mckinsey and Company

Fintech has moved from the fringes of European finance to its core, but performance varies widely. If all countries could match the best in region, the economic benefits would be considerable.

Finance 137
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Is Dealmaking Dead? Blackstone Says Not So Fast, Buys Emerson Electric Unit For $14B

Benzinga

Dealmaking may be down, but that hasn't stopped Blackstone Inc. (NYSE: BX ) from inking the largest private-equity buyout in months. What Happened: The firm is close to completing a $14 billion transaction that would see it acquire 55% of Emerson Electric Co. 's (NYSE: EMR ) climate-technologies unit. The deal comes at a time when market volatility has stymied M&A volume.

Finance 98
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Elon Musk completes Twitter takeover and ‘fires top executives’

The Guardian M&A

The $44bn deal will give world’s richest man control of social media platform with more than 230m users Elon Musk has completed his $44bn takeover of Twitter, taking control of the company and reportedly firing several top executives, including the chief executive, Parag Agrawal. The world’s richest man tweeted “the bird is freed”, in a reference to Twitter’s corporate logo, just hours before a court-ordered deadline to buy the business expired.

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A Guide to Building a Successful Board

LaPorte

A nonprofit organization’s board plays a big part in the success or failure of the organization and is responsible for its fiduciary wellbeing. Finding the… The post A Guide to Building a Successful Board first appeared on LaPorte.

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There Is No “C” in “ESG”: An Illustration of ESG’s Biggest Risk

Harvard Corporate Governance

Posted by Douglas K. Chia, Soundboard Governance LLC, on Friday, October 14, 2022 Editor's Note: Douglas K. Chia is Founder and President of Soundboard Governance LLC and a Fellow at the Rutgers Center for Corporate Law and Governance. This post is based on his Soundboard Governance memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) and Will Corporations Deliver Value to All Stakeholders

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Productivity vs Efficiency in Manufacturing

Rhythm Systems

Two key concepts in manufacturing that often get misconstrued or even used synonymously are manufacturing productivity and manufacturing efficiency. Do you know what the difference is? Despite these two words pertaining to improving the production process of a manufacturing, agriculture, or service sector company, they refer to different things. Once you think about the differences, you can better utilize productivity and efficiency in your business.

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On the cusp of a new era?

Mckinsey and Company

Current economic and political turbulence could presage the start of a new era that is structurally very different with a new narrative of progress.

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After Elon Musk's Twitter Takeover, This Legacy Automaker Pauses Advertising On The Platform

Benzinga

General Motors Corporation (NYSE: GM ) has decided to temporarily halt advertising on Twitter, Inc.’s (NYSE: TWTR ) namesake platform following its acquisition by Elon Musk. The decision was taken to evaluate the new direction the social media platform is taking under the new leadership. “We are engaging with Twitter to understand the direction of the platform under their new ownership,” the Detroit-based legacy automaker said in an e-mailed statement.

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Elon Musk completes Twitter takeover amid hate speech concerns

The Guardian M&A

Shares taken off stock exchange as world’s richest man completes deal to buy social media platform The world’s richest man, Elon Musk, has completed his $44bn acquisition of Twitter, amid warnings from politicians and campaigners that hate speech on the platform must be held in check. The social media group confirmed the deal in a brief filing on the New York Stock Exchange on Friday morning, disclosing the deal had closed the day before.