May, 2023

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Venture Predation

Harvard Corporate Governance

Posted by Matthew Wansley and Samuel Weinstein (Yeshiva University), on Thursday, May 25, 2023 Editor's Note: Matthew Wansley is an Associate Professor of Law, and Samuel Weinstein is a Professor of Law at Benjamin N. Cardozo School of Law. This post is based on their recent paper , forthcoming in the Journal of Corporation Law. Uber once seemed poised to revolutionize urban transportation.

Start-ups 257
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Small Business, Big Exit: 5 Tips for Selling Your Small Business

Viking Mergers

Deciding to sell your small business can be a complex journey. So, when it’s time to exit the organization that you put time and effort into growing, you want the process to be as smooth as possible. While no two business sales will look the same, any business owner can benefit from these practical steps to help find the right buyer and secure the best deal possible.

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Vice Media Files for Bankruptcy

NYT M&A

Vice, which had wooed media giants, has struggled to adjust to the punishing realities of digital publishing. A group of creditors could buy Vice for $225 million.

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IVSC Valuation Webinar Series 2023, Sponsored by Kroll

IVSC

Now in its third year, the IVSC is pleased to present the 2023 Valuation Webinar Series, Sponsored by Kroll, taking place from 7-15 June 2023. Join us for four fascinating panel discussions featuring participants from across the globe, and gain insights from renowned international experts on important topics such as: The global macroeconomic and geopolitical outlook The evolving Environmental, Social and Governance (ESG) landscape and the crucial role of valuation Valuation challenges confrontin

Banking 246
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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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AI-powered marketing and sales reach new heights with generative AI

Mckinsey and Company

AI technology has revolutionized marketing and sales; now, generative AI promises to disrupt the way B2B and B2C players think about customer experience, productivity, and growth.

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How firms can prioritize accountants’ mental health in the workplace

ThomsonReuters

Working in the tax and accounting industry can be a stressful job. With long hours, tight deadlines, and pressure to deliver results, it can be hard to achieve a work-life balance. That’s why it’s important for both tax and accounting professionals and their firms to take steps to protect their mental health. With Mental Health Month upon us, this is a good time to think about strategies to ensure that your teams maintain a healthy work-life balance.

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How Do You Audit Risk Management?

Internal Audit 360

GUEST BLOG POST A s the saying goes, you can’t audit what you don’t understand. And for auditing complex risk management processes, that idea can hit home for many internal auditors. That doesn’t mean you have to be an expert with years of experience as a risk practitioner to audit risk management, but you do have to know enough about risk management to be able to assess whether it is effective.

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NIST Password Guidelines: Requirements to Creating a Strong Password

Audit Board

Do you think you know what it takes to create a secure password? How can you ensure your company’s systems users and employees are creating passwords that will protect confidential data, keep communications private, and prevent cyberattacks from damaging the company’s reputation and bottom line? The National Institute of Standards and Technology (NIST) regularly updates its Digital Identity Guidelines, including password creation and secrets management.

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IVSC Launches Public Consultation on Proposed Changes to International Valuation Standards (IVS)

IVSC

IVSC is pleased to announce the launch of a 12-week public consultation on the proposed changes to the International Valuation Standards (IVS). The consultation, commencing on 28 April 2023, invites input from a diverse range of stakeholders, including industry professionals, regulators, investors, financial institutions, and other parties involved in the preparation, review, or reliance on valuations, to ensure comprehensive perspectives are considered in refining the IVS.

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What every CEO should know about generative AI

Mckinsey and Company

Generative AI is evolving at record speed while CEOs are still learning the technology’s business value and risks. Here, we offer some of the generative AI essentials.

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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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Dialysis Litigation Continues After Supreme Court Ruling

ThomsonReuters

DaVita Inc. v. Marietta Mem’l Hosp. Emp. Health Benefit Plan, 2023 WL 3452353 (S.D. Ohio 2023) A federal trial court has decided the latest installment of a case in which a large dialysis provider sued a group health plan and its TPA for classifying all dialysis providers as “out-of-network,” resulting in a lower reimbursement rate for them than for providers of other medical services.

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The State of Climate Investing

Harvard Corporate Governance

Posted by Chris Goolgasian and Cheryl Duckworth, Wellington Management, on Sunday, May 21, 2023 Editor's Note: Chris Goolgasian is Director of Climate Research and Cheryl Duckworth is Head of Sustainable Investment at Wellington Management. This post is based on their Wellington memorandum.

Equity 300
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Why Your M&A Strategy Needs A Marketing Strategy

Benchmark Report

Several elements play into a successful merger or acquisition, from finance to sales and from operations to HR. Leading up to a transaction, it’s not uncommon for business owners to focus more on these elements and not the area of marketing as an important part of their M&A strategy.

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HEXO Corp. Advances Arrangement Agreement With Tilray Brands Inc.

Benzinga

HEXO Corp. (TSX: HEXO) (NASDAQ: HEXO ) received an interim order from the Ontario Superior Court of Justice advancing its arrangement agreement with Tilray Brands Inc. (NASDAQ: TLRY ). In this transaction, Tilray agreed to acquire all of HEXO's common shares through a court-approved plan of arrangement. To proceed with the arrangement, a special meeting will be held on June 14, Full story available on Benzinga.

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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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JPMorgan to acquire First Republic’s deposits as US regulators step in

Financial Times M&A

Depositors protected but shareholders wiped out in country’s second-largest bank failure

Banking 144
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The art of data: Empowering art institutions with data and analytics

Mckinsey and Company

A data-driven view of key metrics can help art organizations articulate value, reshape strategy, build resilience, and achieve operational excellence.

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Can a Telehealth-Only Plan Continue After the End of the COVID-19 Emergency?

ThomsonReuters

QUESTION: During the COVID-19 pandemic, we established a telehealth-only plan to provide benefits to individuals who were not eligible for coverage under our regular group health plan. Can we continue to offer this benefit? ANSWER: During the COVID-19 pandemic, telehealth-only benefits have been exempt from certain requirements that otherwise apply to group health plans.

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Racism and Systemic Risk

Harvard Corporate Governance

Posted by Cary Martin Shelby (Washington and Lee University), on Thursday, May 11, 2023 Editor's Note: Cary Martin Shelby is a Professor of Law at Washington and Lee University School of Law. This post is based on her recent paper , forthcoming in the Northwestern University Law Review. News of colossal bank failures have threatened economic stability once again.

Banking 289
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Louisiana Ear, Nose, Throat and Sinus Becomes the First Elevate ENT Practice in Louisiana State

Business Wire M&A

MIAMI LAKES, Fl.--(BUSINESS WIRE)--Elevate ENT Partners (“Elevate”), a leading management support organization (“MSO”) of ear, nose, and throat (“ENT”) practices nationwide, announced it has acquired Louisiana Ear, Nose, Throat and Sinus (“LENTS”). This transaction follows the recent acquisitions of Ear, Nose & Throat Associates of Texas and Florida’s Otolaryngology Consultants PA.

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Bunge In Talks With Glencore Regarding Viterra Grain Business: Reports

Benzinga

Bunge Ltd (NYSE: BG ) and Glencore Plc's (OTC: GLNCY ) Viterra grains division reportedly discuss a merger. There is no certainty that Viterra, part-owned by Switzerland-based mining and trading giant Glencore, will be able to reach an agreement on the terms, reported Reuters , citing a person familiar. Full story available on Benzinga.

Equity 98
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Comment on AMC Hires a Convicted Felon as Property Data Collector by Baggins

Appraisers Blog

In reply to me. That’s a great follow up. Thank you for posting. There are many different types of ‘diversity’ This ongoing stereotypical diversity push, which is based on skin color and simple demographic analysis alone, and not recognizing world view, education, or different cultural backgrounds, is not a move towards more strength for Americans, but rather a weakness.

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Looking within: How Walmart in Mexico changed everything for an omnichannel future

Mckinsey and Company

The executive committee at Walmex had to lead differently to take the company into the digital age. They reflect on the changes in the organization and in themselves.

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IRS Announces 2024 HSA and EBHRA Contribution Limits, HDHP Minimum Deductibles, and HDHP Out-of-Pocket Maximums

ThomsonReuters

Rev. Proc. 2023-23 (May 16, 2023) Available at [link] The IRS has released the 2024 cost-of-living adjusted limits for health savings accounts (HSAs), high-deductible health plans (HDHPs), and excepted benefit health reimbursement arrangements (EBHRAs). Here are the details: HSA Contribution Limits. The 2024 annual HSA contribution limit is $4,150 for individuals with self-only HDHP coverage (up from $3,850 in 2023), and $8,300 for individuals with family HDHP coverage (up from $7,750 in 2023

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Activist Wins Another Vote Under Universal Proxy

Harvard Corporate Governance

Posted by Michael R. Levin, The Activist Investor, on Thursday, May 18, 2023 Editor's Note: Michael R. Levin is founder and editor of The Activist Investor. This post is based on his TAI piece. Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism (discussed on the Forum here ) by Lucian Bebchuk, Alon Brav, and Wei Jiang; Dancing with Activists (discussed on the Forum here ) by Lucian A.

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New Found Gold Corp. Announces Acquisition of Securities of Kirkland Lake Discoveries Corp.

Business Wire M&A

VANCOUVER, British Columbia--(BUSINESS WIRE)--New Found Gold Corp. (“New Found”) reports that on May 25, 2023 (the “Closing Date”), it acquired control of 28,612,500 common shares (each, a “Kirkland Share”) in the capital of Kirkland Lake Discoveries Corp. (“Kirkland”) as consideration pursuant to a property purchase agreement dated February 16, 2023, as amended May 8, 2023, between New Found and Kirkland.

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CBD Provider For Dogs, Cats & Horses Cann American Corp. Acquires Prodigy Health Plus

Benzinga

Cann American Corp. (OTCPK: CNNA ), a holding company specializing in the development of alternative therapeutics, recently finalized its acquisition of Liberty Health Plus , marking a significant milestone for the company. In addition to the completion of the acquisition, the company announced the appointment of Michael Kramer, founder of Liberty Health Plus, to its board of directors.

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Comment on AMC Hires a Convicted Felon as Property Data Collector by Baggins

Appraisers Blog

In reply to Mike Ford. The third party amc Class, hired a fourth party records check service, whom approved the fifth party inspector, whom just coincidentally had a side hustle staging robberies of armored trucks he was driving and had already been caught with pending convictions at the time of records checking. Checks out. Sounds legit. Let’s give that appraisal management company a really big government contract!

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Agile insurance: Lessons from leaders of Greek insurer Interamerican

Mckinsey and Company

Interamerican demonstrates how Southern European insurers can launch a successful agile transformation within their own cultural contexts.

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Defining your Employee Benefits Strategy | Meaden & Moore

Meade & Moore

The pandemic has had a lasting impact both on our economy and on our work environment. When rising inflation, product shortages, and a stricter regulatory environment are combined with new expectations in the job market, employers must be willing to embrace change. Unfortunately, change can be expensive, especially when it comes to benefits. To meet expectations in the job market and to keep existing employees happy, employers should maximize spending on benefits while still keeping overall cost

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It’s Time to Call a Truce in the Red State/Blue State ESG Culture War

Harvard Corporate Governance

Posted by Robert G. Eccles (Oxford University) and Eli Lehrer (R Street Institute) , on Monday, May 29, 2023 Editor's Note: Robert Eccles is Visiting Professor of Management Practice at Oxford University Said Business School and Eli Lehrer is the co-founder and President of the R Street Institute. This post is based on their recent piece. 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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Silicon Valley Bank’s Failure: Lessons for Private Business Owners and Directors

Chris Mercer

This post was originally written for Mercer Capital’s Family Business Director Blog and offered advice to family business directors based on my observations following the failure of Silicon Valley Bank on March 10, 2023. This failure was followed by Signature Bank on March 12, 2023, and First Republic Bank on May 1, 2023. All three banks failed because of deposit withdrawals in excess of the banks’ abilities to fund them.

Banking 98
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AMD Stock Is Gaining Tuesday: Here's Why

Benzinga

Advanced Micro Devices, Inc (NASDAQ: AMD ) shares are trading higher Tuesday following Daniel Loeb's hedge fund Third Point disclosed new stakes in AMD. As per the filing, the fund bought 1 million AMD shares at roughly $98, valuing the stake at $98 million. It forms 1.6% of the total fund. Also, Bernstein's comments that PC shipments appear to be normalizing at pre-COVID levels are adding to the gains.

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Comment on AMC Hires a Convicted Felon as Property Data Collector by Mike Ford

Appraisers Blog

In reply to Hamp Thomas. Hamp I just submitted a draft article for AB to consider. See what you think. It does address fraud and a few other relevant issues of concern to appraisers. I suspect it is likely to trigger a response from certain ‘stakeholders’ and or regulators. Including the issues, you are concerned with.

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How agtech is poised to transform India into a farming powerhouse

Mckinsey and Company

Technology is rapidly reshaping agriculture in India, creating investment opportunities, lifting up rural areas, and feeding the world.