Sat.Apr 15, 2023 - Fri.Apr 21, 2023

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What is business transformation?

Mckinsey and Company

Business transformations are designed to boost overall performance through increased revenue, lower operating costs, and better customer satisfaction and workforce productivity.

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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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Delivering impact from US green bank financing

Mckinsey and Company

Green bank financing could mobilize hundreds of billions in investment toward net-zero emissions by 2050 as well as advancing environmental justice in the US.

Finance 78
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The Board’s Oversight of Employee Voice

Harvard Corporate Governance

Posted by Holly Fetter and Benjamin Colton, State Street Global Advisors, on Friday, April 21, 2023 Editor's Note: Benjamin Colton is Global Head of Asset Stewardship, and Holly Fetter is Vice President of Asset Stewardship at State Street Global Advisors. This post is based on their SSGA memorandum. In July 2021, State Street Global Advisors, Russell Reynolds Associates, and the Ford Foundation partnered to study best practices for effective board oversight of racial and ethnic diversity, equit

Equity 303
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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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Advisor Feature: Jimmy Span in the Grand Strand 

Viking Mergers

Along with his seven siblings, Jimmy Span watched his father work hard every day at a steady job to provide for the family. As a result, he learned the value of consistency, staying the course, and avoiding risk. Meanwhile, he saw his dad’s brother approach the world quite differently. Jimmy’s uncle was a lifelong risk-taker who became a Navy fighter pilot and, later, a successful investor.

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Payroll errors and how to avoid them

ThomsonReuters

For business owners, payroll is complex and often their greatest expense. For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader. Payroll errors are certainly a real concern, but with the right tools and resources in place, payroll services can be a growth opportunity for firms. Today’s global workforce, remote and hybrid work environments, and the ever-changing regulatory landscape have added additional layers of complexity to payroll.

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Law and Courts in an Age of Debt

Harvard Corporate Governance

Posted by Jared Ellias (Harvard Law School) and Elisabeth De Fontenay (Duke University) , on Thursday, April 20, 2023 Editor's Note: Jared Ellias is a Professor of Law at Harvard Law School; Elisabeth de Fontenay is a Professor of Law at Duke University. This post is based on their recent paper , forthcoming in the University of Pennsylvania Law Review.

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Maverik – Adventure’s First Stop to Acquire Kum & Go and Solar Transport from Krause Group

Business Wire M&A

SALT LAKE CITY & DES MOINES, Iowa--(BUSINESS WIRE)--Maverik – Adventure’s First Stop, together with its parent company, FJ Management, today announced the acquisition of Kum & Go, a family-owned convenience store chain with over 400 locations across 13 states, from Krause Group. As part of the transaction, Maverik will also acquire Solar Transport, a tank truck carrier and logistic provider owned by the Krause Group.

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Is Our Health FSA Subject to COBRA?

ThomsonReuters

QUESTION: Next year, we plan to amend our company’s cafeteria plan to add a health FSA under which participants elect a coverage amount for the year and pay for it with pre-tax salary reductions. There will be no employer contributions, so participants’ health FSA salary reductions will equal the elected annual coverage amount. The health FSA will be offered to all employees who are eligible for coverage under our major medical, dental, and vision plans.

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Cracking the code on digital talent

Mckinsey and Company

Even with recent industry layoffs, the tech talent shortage shows few signs of abating. To attract this critical segment, it’s important to understand what they want (hint: it’s not just compensation).

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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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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.

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Borrowers With Good Credit Scores to Foot the Bill for Higher Risk Borrowers

Appraisers Blog

It is disheartening to think that those of us who have worked hard to maintain good credit scores will now be penalized with higher mortgage rates and fees, just so the government can subsidize people with riskier credit ratings. It’s no surprise that the Federal Housing Finance Agency’s (FHFA) new rule forcing homebuyers with good credit scores to pay higher mortgage rates and fees is causing a stir.

Finance 98
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Agency FAQs (Part 59) Address ACA Preventive Health Services Mandate After Braidwood

ThomsonReuters

FAQs About Affordable Care Act and Coronavirus Aid, Relief, and Economic Security Act Implementation Part 59 (Apr. 13, 2023) Available at [link] The DOL, HHS, and IRS have jointly issued FAQs (Part 59) addressing the impact of the recent court decision in Braidwood Management Inc. v. Becerra on the requirement to cover certain preventive health services without cost-sharing.

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TPG and AmerisourceBergen to Acquire Leading Specialty Practice Network OneOncology From General Atlantic

Business Wire M&A

NASHVILLE, TN., CONSHOHOCKEN, PA., SAN FRANCISCO AND FORT WORTH, TEXAS--(BUSINESS WIRE)--TPG (NASDAQ: TPG), a global alternative asset management firm, and AmerisourceBergen Corporation (NYSE: ABC) today announced that they have agreed to acquire OneOncology, a network of leading oncology practices, from General Atlantic, a leading global growth equity firm.

Equity 98
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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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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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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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Getty Images Too Hot To Handle? Activist Investor Calls On Tech Giants To Takeover

Benzinga

Activist investor Trillium Capital called on stock-photo company Getty Images Holdings Inc (NYSE: GETY ) to collaborate with technology firms and publishers to grow its revenue. Getty should expand its partnership with Nvidia Corp (NASDAQ: NVDA ) to tap the chip company's image-rendering technology, build a strategic relationship with Microsoft Corp (NASDAQ: MSFT ) & Bing through their Open API system, collaborate with Adobe.

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AI needs the rigour of routine to be successful

Avanade

It’s heavily implied that AI has matured, and all enterprises have an AI capability. The reality, though, is different. Why, despite the hype, is AI failing enterprises?

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What to Watch for in Proxy Season 2023: Officer Exculpation

Harvard Corporate Governance

Posted by Aaron Wendt, and Brianna Castro, Glass, Lewis & Co, on Tuesday, April 18, 2023 Editor's Note: Aaron Wendt is a Research Director and Brianna Castro is a Senior Director at Glass, Lewis & Co. This post is based on their Glass Lewis memorandum. Recent amendments to the Delaware General Corporation Law (“DGCL”) have led public companies to propose new protections for their corporate officers, thereby forcing shareholders to consider whether they should give up their right to sue t

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UK Launches Probe Into Amazon's $1.7B Roomba Maker Deal

Law 360 M&A

Britain's antitrust regulator said on Tuesday that it has launched a formal investigation into Amazon's $1.7 billion acquisition of the company behind the Roomba robotic vacuum cleaner, following scrutiny from across the Atlantic.

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Bowlero Enters Tennessee Through Andy B's Acquisition

Benzinga

Bowlero Corp (NYSE: BOWL ) has entered into a definitive agreement to acquire Andy B's in Tennessee. The financial terms of the deal were not disclosed. Andy B is a 44-lane center comprising 32 traditional. Full story available on Benzinga.

Equity 98
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Real estate industry outlook

LaPorte

In our 2023 real estate industry outlook, we explore what's ahead for middle market business leaders. The post Real estate industry outlook first appeared on LaPorte.

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Weekly Roundup: April 14-20, 2023

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, April 21, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of April 14-20, 2023. Guidance on Effective Board Oversight Posted by Holly Fetter and Benjamin Colton, State Street Global Advisors, on Friday, April 14, 2023 Tags: Board of Directors , Board oversight , disclosures , effective leadership , oversight process , Proxy voting , strategy Anticipated Impacts of

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Space launch: Are we heading for oversupply or a shortfall?

Mckinsey and Company

As the space economy expands, satellite constellations are proliferating. But launch providers must make tricky decisions on how to ramp up capacity.

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Merck Acquires Prometheus Biosciences For $10.8B, Strengthening Its Immunology Pipeline

Benzinga

Prometheus Biosciences Inc (NASDAQ: RXDX ) shares are jumping Monday morning as Merck & Co (NYSE: MRK ) has agreed to acquire the company for $200.00 per share in cash for a total equity value of ~$10.8 billion. The transaction represents over 75% premium to Prometheus' last closing price of $114.01. Prometheus is developing PRA023 to treat immune-mediated diseases, including ulcerative colitis (UC), Crohn's disease (CD), and other autoimmune conditions.

Equity 98
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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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Governance and Disclosure Reminders for Public Companies

Harvard Corporate Governance

Posted by Lawrence A. Cunningham, Jerry R. Marlatt and Felix R. Zhang, Mayer Brown LLP, on Tuesday, April 18, 2023 Editor's Note: Lawrence A. Cunningham is Special Counsel, Jerry R. Marlatt is a Partner, and Felix R. Zhang is an Associate at Mayer Brown LLP. This post is based on a Mayer Brown memorandum by Mr. Cunningham, Mr. Marlatt, Mr. Zhang, Edward S.

Banking 219
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Gen what? Debunking age-based myths about worker preferences

Mckinsey and Company

Our latest analysis of talent trends suggests that employees of all ages seem to want the same things from their work experience—with a few important caveats.

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Schwazze To Acquire One Medical Cannabis Dispensary In Denver, Colorado

Benzinga

Medicine Man Technologies operating as Schwazze, (OTCQX: SHWZ ) (NEO: SHWZ) has signed definitive documents to acquire certain assets of Standing Akimbo LLC. The proposed transaction includes the medical cannabis dispensary located at 3801 Jason Street in Denver, Colorado. This acquisition expands the company's retail consumer base and furthers its growth efforts in the Colorado market, which upon close would bring the company's total number of operating Colorado dispensaries to 26 (this

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Spring Cleaning in QuickBooks

Machen McChesney

Have your company’s accounting records become cluttered with duplicate items and unused accounts? When you need to revise your QuickBooks® lists — such as the chart of accounts, customers, and vendors — the software provides methods for deleting, inactivating, and merging list entries. Here’s what you can do to help spruce things up.

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The March 2023 Bank Interventions in Long-Run Context – Silicon Valley Bank and Beyond

Harvard Corporate Governance

Posted by Andrew Metrick (Yale University) and Paul Schmlezing (Boston College), on Monday, April 17, 2023 Editor's Note: Andrew Metrick is the Janet L. Yellen Professor of Finance and Management at the Yale School of Management and the Director of the Yale Program on Financial Stability; and Paul Schmelzing is an Assistant Professor of Finance at Boston College and a Research Fellow at the Hoover Institution, Stanford University.

Banking 204
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The resilience of steel: Navigating the crossroads

Mckinsey and Company

The steel industry’s outlook for the next ten years remains fragile. Company leaders can adopt a strategic approach to ride out uncertainties and mitigate risk while the industry is being reshaped.

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AmerisourceBergen, TPG To Acquire OneOncology From General Atlantic For $2.1B

Benzinga

AmerisourceBergen Corporation (NYSE: ABC ) and TPG Inc. (NASDAQ: TPG ) will acquire cancer services firm OneOncology from global growth equity company General Atlantic for $2.1 billion. AmerisourceBergen will purchase a minority interest of 35% in OneOncology for approximately $685 million in. Full story available on Benzinga.

Equity 96
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Sony Interactive Entertainment to Acquire Firewalk Studios from ProbablyMonsters Inc.

Business Wire M&A

SAN MATEO, Calif.--(BUSINESS WIRE)--Sony Interactive Entertainment LLC (“SIE”) announced today it has entered into an agreement with ProbablyMonsters Inc. to acquire Firewalk Studios™, a studio of industry-leading creatives developing an original AAA multiplayer game for PlayStation®5 (PS5™) and PC. Firewalk will collaborate alongside world-class development teams, including Bungie and Haven Interactive Studios, to define a new generation of live service experiences for PlayStation gamers.

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