Sat.Oct 19, 2024 - Fri.Oct 25, 2024

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Timeless principles of board dynamics

Harvard Corporate Governance

Posted by Bob Rosone and Maureen Bujno, Deloitte LLP, on Sunday, October 20, 2024 Editor's Note: Bob Rosone and Maureen Bujno are Managing Directors at Deloitte LLP. This post is based on their Deloitte memorandum. We often take for granted that things will work. The car will get us where we want to go. The computer will connect us to the world and help us be productive.

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How Intel Got Left Behind in the A.I. Chip Boom

NYT M&A

Intel was for decades Silicon Valley’s dominant chip company. But missed opportunities and poor execution left it on the sidelines in tech’s latest gold rush.

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Trending Sources

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The art of 21st-century leadership: From succession planning to building a leadership factory

Mckinsey and Company

Complicated times demand great leaders. Here’s an overview of traits and practices required to succeed as a leader today and a look at the factory model that can help aspiring managers ascend.

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Can BlackRock land private credit’s ‘big whale’ HPS?

Financial Times M&A

After years of preparation, the pioneering alternatives firm is on the verge of a deal or IPO

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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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Cybersecurity and Artificial Intelligence: An Increasingly Critical Interdependency

Harvard Corporate Governance

Posted by Kathleen Hamm, Public Company Accounting Oversight Board, on Thursday, October 24, 2024 Editor's Note: Kathleen Hamm is the Founder and Managing Member of Pearl Advisory Group. This post is based on her speech. I. Introduction Thank you for that kind introduction, Neil [Strauss, VP and Senior Credit Officer, Moody’s Investors Service], and thank you for inviting me to speak with you and your colleagues at Moody’s here today.

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Meet David Hoffmann, the Florida Billionaire Buying Up Print Newspapers

NYT M&A

David Hoffmann has already bought 5 percent of one of America’s largest newspaper companies. Now, he wants to control the whole thing.

More Trending

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New Ethiopian President Extends A Hand

Global Finance

Ethiopia has become the focus of attention in the turbulent Horn of Africa. Every political move in the ancient, landlocked country is closely monitored for its potential impact on the stability of a region where war drums are getting louder. This continues to be the case with the appointment last month of a new president, Taye Atske Selassie. Previously foreign minister and a seasoned diplomat, Taye replaces Ethiopia’s first female president, Sahle-Work Zewde.

Finance 119
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Financial Advice and Investor Beliefs: Experimental Evidence on Active vs. Passive Strategies

Harvard Corporate Governance

Posted by Antoinette Schoar (Massachusetts Institute of Technology), and Yang Sun (Brandeis International Business School), on Monday, October 21, 2024 Editor's Note: Antoinette Schoar is the Stewart C. Myers-Horn Family Professor of Finance at MIT Sloan School of Management, and Yang Sun is an Assistant Professor of Finance at Brandeis International Business School.

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The 2024 Election’s Potential Impact on Tax Policy

Redpath

U.S. election results (and their impacts on tax policy) are always important for business owners and the broader population. However, the 2024 election’s impact on tax policy and tax strategy , along with the sunsetting provisions of the Tax Cuts and Jobs Act (TCJA), could be even more significant.

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Gen AI in corporate functions: Looking beyond efficiency gains

Mckinsey and Company

Generative AI is already adding value for corporate and business functions. Here’s how it could add more.

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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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Tory treasurer’s water company eyes stake in Thames Water

Financial Times M&A

Castle Water’s plans for the troubled utility include an eventual IPO

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Governance of AI: A Critical Imperative for Today’s Boards

Harvard Corporate Governance

Posted by Lara Abrash, Arno Probst, and Karen Edelman, Deloitte LLP, on Wednesday, October 23, 2024 Editor's Note: Lara Abrash is the Chair, Dr. Arno Probst is the Global Boardroom Program Leader, and Karen Edelman is Senior Editor at Deloitte LLP. This post is based on their Deloitte memorandum. Introduction When the gen AI tool ChatGPT exploded onto the global market in November 2022, it democratized access to the newest AI capabilities within a matter of days. [1] Now, nearly two years later,

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Banks Seek Ways To Manage Data Quality For AI Services

Global Finance

The use of AI in finance has been a hot topic at this year’s Sibos conference, as banks consider how AI can transform the way financial services are delivered and consumed, and, more urgently, how its data is managed. The use of Large Language Models (LLMs) to increase efficiency, improve customer service, and enhance decision-making has been part of the conversation since the launch of ChatGPT by OpenAI in November 2022.

Banking 111
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Electricity demand in Europe: Growing or going?

Mckinsey and Company

New analysis suggests that much of Europe’s anticipated electricity demand growth may not materialize, with important implications for the energy transition and industrial competitiveness.

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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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Nigeria rejects Shell’s planned sale of $1.3bn onshore production unit

Financial Times M&A

The decision comes the same day as ExxonMobil wins approval for its long-delayed asset sale in Niger Delta

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SEC’s Action on Recyclability Statements Shows Continued Focus on ESG Related Claims

Harvard Corporate Governance

Posted by Michelle Rutta, Tami Stark, and Scott Levi, White & Case LLP, on Monday, October 21, 2024 Editor's Note: Michelle Rutta , Scott Levi , and Tami Stark are Partners at White & Case LLP. This post is based on a White & Case memorandum by Ms. Rutta, Mr. Levi, Ms. Stark, Maia Gez , and Gabriella Klein. Overview Notwithstanding recent reports that the Securities and Exchange Commission (“SEC”) has quietly disbanded its Climate and ESG Task Force, [1] and while the SEC’s new cl

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BNY, Mizuho Announce Partnership On Trade Services

Global Finance

BNY and Mizuho Bank, the oldest banks in the US and Japan, respectively, announced on Sunday an agreement to expand their correspondent bank network to help facilitate international trade. Powered by BNY’s Trade Network Access Service, the agreement allows both banks to access each other’s Relationship Management Applications (RMAs). “We were hearing from some of our clients, who have limited infrastructure, but were having to process a single Letter of Credit once every three years for a certai

Banking 111
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Global Economics Intelligence executive summary, September 2024

Mckinsey and Company

The OECD sees the global economy improving. Central banks’ strategies are diverging, with some cutting rates and others raising them. China announces a major stimulus, and the US Federal Reserve cuts rates.

Banking 138
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Masdar outlines plan to become one of world’s biggest renewable energy groups

Financial Times M&A

Abu Dhabi company to continue global investment spree that includes nearly €6.

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SEC Settles Charges for Defrauding Investors in “AI Washing” Scheme

Harvard Corporate Governance

Posted by Benjamin Pedersen, Charu Chandrasekhar, and Anna Moody, Debevoise & Plimpton LLP, on Tuesday, October 22, 2024 Editor's Note: Benjamin R. Pederson and Charu Chandrasekhar are Partners, and Anna Moody is a Counsel at Debevoise & Plimpton LLP. This post is based on a Debevoise memorandum by Mr. Pederson, Ms. Chandrasekhar, Ms. Moody, Sofia Squatriti Muno , and Cameron Wolfe.

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Sibos Conference Opens In China For First Time

Global Finance

To coincide with the Year of the Dragon, Sibos, SWIFT’s annual financial services conference, exhibition and networking event, is being held in China for the first time. In moving to Beijing from Toronto, SWIFT hopes to enhance its position as a global provider of secure financial messaging services, since the city is home to most of China’s biggest companies and the largest number of Fortune Global 500 companies in the world.

Finance 111
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Unlocking value from technology in banking: An investor lens

Mckinsey and Company

Investors, boards, and management teams are looking for banks to demonstrate differential value from technology. Our research provides a framework to link technology investments to value creation.

Banking 136
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Carlyle drops bid for Thyssenkrupp defence unit over Berlin indecision

Financial Times M&A

US firm faced government reluctance over private equity involvement in German naval vessel maker

Equity 107
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Climate Lobbying: Investor Interest and Corporate Disclosures

Harvard Corporate Governance

Posted by Subodh Mishra, ISS STOXX, on Monday, October 21, 2024 Editor's Note: Subodh Mishra is Global Head of Communications at ISS STOXX. This post is based on an ISS-Corporate memorandum by Daniel Feinberg, Senior Associate, Sustainability Advisor, ISS-Corporate. Increased Investor Interest in Climate Lobbying Transparency Climate lobbying – the alignment of a company’s climate commitment with its lobbying expenditures – has emerged as a trend in shareholder proposals in recent years.

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BofA Extends FX Rate Guarantees To A Year

Global Finance

Following growth in cross-border payments, Bank of America on Sunday introduced Guaranteed FX Rates of up to one year, the longest tenor available in the industry. The rise in e-commerce businesses, services, manufacturing and the gig economy has resulted in dramatic increases in both the volume and value of cross-border payments in recent years. Long-term guaranteed fixed rates allow corporate treasuries to enhance financial stability, optimize liquidity, and align cash management practices wit

Treasury 111
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How CEOs are turning corporate venture building into outsize growth

Mckinsey and Company

Companies are creating meaningful growth by developing new ventures. Those with the most mature capabilities are growing quickly and can show the way for companies that are just beginning.

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Mubadala Capital sees chance to buy up large private equity stakes

Financial Times M&A

Emirati unit has raised $3.

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Tracking CHROs on Corporate Boards

Harvard Corporate Governance

Posted by Amit Batish, Equilar, Inc., on Saturday, October 19, 2024 Editor's Note: Amit Batish is Director of Content at Equilar, Inc. This post is based on his Equilar memorandum. In today’s evolving corporate landscape, the presence of chief human resources officers (CHROs) on corporate boards has become a focal point for organizations seeking to enhance their governance and strategic decision-making.

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Industry Calls For Data-Sharing Framework To Enhance Security

Global Finance

A panel of industry experts at the Sibos 2024 conference on Tuesday discussed the critical role of data sharing and fraud detection in the modern financial landscape. As CFOs navigate an increasingly complex and interconnected world, understanding how to leverage data effectively can be a game-changer in mitigating risks and safeguarding financial institutions.

Banking 110
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How the top UK companies have set themselves up for success

Mckinsey and Company

Despite technological and geopolitical turmoil, the highest-performing UK companies have created the conditions they need to realize their ambitions for growth. Here’s what they’re doing.

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Tapestry-Capri Fashion Merger Is Blocked by Judge

NYT M&A

The F.T.C. had sued to halt the merger of Tapestry, the parent of Coach and Kate Spade, and Capri, the owner of Versace and Michael Kors.

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Why Boards are Focused on Human Capital Governance and Risk

Harvard Corporate Governance

Posted by John M. Bremen, Kenneth Kuk, and Don Delves, Willis Towers Watson, on Friday, October 25, 2024 Editor's Note: John M. Bremen is a Managing Director and Chief Innovation & Acceleration Officer, Kenneth Kuk is a Senior Director, and Don Delves is a Managing Director at Willis Towers Watson. This post is based on their Willis Towers Watson memorandum.

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J.P. Morgan Mints ‘Always-On’ Clearing

Global Finance

J.P. Morgan has just announced a new global clearing offering, Wire365, that supports the complete range of global US dollar wire products and operates 24/7, seven days a week. “Although our clearing systems, like the [US Federal Reserve’s Fedwire], don’t currently operate 24/7 when they do, we will be ready,” says Gayathri Vasudev, global head of cross-border payments at J.P.

Banking 107
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A growth arena: State of grocery retail 2024 Middle East and North Africa

Mckinsey and Company

Grocery retailers across the Middle East and North Africa have weathered postpandemic headwinds. Nine trends shaping the sector point the way to new growth.

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