Sat.Oct 29, 2022 - Fri.Nov 04, 2022

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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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Lawsuit Against Meta Invokes Modern Portfolio Theory To Protect Diversified Shareholders

Harvard Corporate Governance

Posted by Frederick Alexander, The Shareholder Commons, on Friday, November 4, 2022 Editor's Note: Frederick Alexander is the CEO of the Shareholder Commons. This post is based on the class action filed against the directors of Meta Platforms (formerly Facebook, Inc.), and is part of the Delaware law series ; links to other posts in the series are available here.

Equity 261
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Trending Sources

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Author Talks: What poker pro Annie Duke can teach you about quitting on time

Mckinsey and Company

Ever been told to quit while you’re ahead, or that winners never quit? Poker player-turned decision strategist Annie Duke explains why this advice is costing you time and money.

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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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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 Trends – What the boards of all companies should know about ESG regulatory trends in Europe

Harvard Corporate Governance

Posted by Alain Pietrancosta (University of Paris) and Alexis Marraud des Grottes, Orrick Herrington & Sutcliffe LLP, on Tuesday, November 1, 2022 Editor's Note: Alain Pietrancosta is Professor of Law at the Sorbonne Law School at the University of Paris and Alexis Marraud des Grottes is a partner at the Paris office of Orrick Herrington & Sutcliffe LLP.

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More Trending

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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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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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Statement by Chair Gensler on Final Amendments to Form N-PX

Harvard Corporate Governance

Posted by Gary Gensler, U.S. Securities and Exchange Commission, on Thursday, November 3, 2022 Editor's Note: Gary Gensler is Chair of the U.S. Securities and Exchange Commission. This post is based on his recent public statement. The views expressed in this post are those of Chair Gensler, and do not necessarily reflect those of the Securities and Exchange Commission or the Staff.

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Author Talks: How to learn and lead calmly through volatile times

Mckinsey and Company

Three McKinsey veterans condense decades of boardroom experience and cognitive science into a guide for learning proactively and leading dynamically amid the most uncertain circumstances.

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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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Confusion and Frustration Reign as Elon Musk Cuts Half of Twitter’s Staff

NYT M&A

The layoffs hit across many divisions, including the engineering and machine learning units, the teams that manage content moderation, and the sales and advertising departments.

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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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Remarks by Commissioner Crenshaw at the Inaugural ECGI Responsible Capitalism Summit

Harvard Corporate Governance

Posted by Caroline A. Crenshaw, U.S. Securities and Exchange Commission, on Tuesday, November 1, 2022 Editor's Note: Caroline A. Crenshaw is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on her recent public statement. The views expressed in the post are those of Commissioner Crenshaw, and do not necessarily reflect those of the Securities and Exchange Commission, the other Commissioners, or the Staff.

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Accelerating green growth in the built environment

Mckinsey and Company

The industries that make up the built environment are highly fragmented and slow to change. Creating green growth requires shifts in how players design, build, operate, and decommission assets.

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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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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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Myriad Genetics Q3 Earnings Fall Short Of Expectations, Lowers Annual Outlook

Benzinga

Myriad Genetics Inc (NASDAQ: MYGN ) has acquired Gateway Genomics LLC , a personal genomics company and developer of consumer genetic tests, including the flagship SneakPeek Early Gender DNA Test, for an upfront cash purchase price of $67.5 million. Gateway can earn up to an additional $32.5 million of cash payments in 2023 and 2024 if certain revenue, volume synergy, and EBITDA targets are achieved.

EBITDA 98
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Weekly Roundup: October 28-November 3, 2022

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, November 4, 2022 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of October 28-November 3, 2022. SEC’s New Pay Versus Performance Disclosure Rule: Important Things To Know. Posted by Eric W. Hilfers, Jonathan J. Katz and Michael L.

Banking 218
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A devilish duality: How CEOs can square resilience with net-zero promises

Mckinsey and Company

Amid turbulence on the path to net zero, leaders will have to be much nimbler to balance resilience with an energy future that is secure, affordable, and clean. Five actions can help.

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Diddy Buys Cannabis Operations In Deal Worth Up To $185M

Law 360 M&A

From rap mogul to entrepreneur, now Sean "Diddy" Combs will enter the realm of cannabis as he prepares to spend up to $185 million to buy assets in three states from operators Cresco Labs and Columbia Care so the companies can clear the way to complete their merger, according to a Friday announcement.

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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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Statement by Chair Gensler on Final Rules Regarding Clawbacks of Erroneously Awarded Compensation

Harvard Corporate Governance

Posted by Gary Gensler, U.S. Securities and Exchange Commission, on Sunday, October 30, 2022 Editor's Note: Gary Gensler is Chair of the U.S. Securities and Exchange Commission. This post is based on his recent public statement. The views expressed in this post are those of Chair Gensler, and do not necessarily reflect those of the Securities and Exchange Commission or the Staff.

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Stepping up: What COOs will need to succeed in 2023 and beyond

Mckinsey and Company

COOs are increasingly important to corporations, but what skills will they need to perform at their best? Business leaders weigh in.

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Court Blocks Penguin's $2.2B Simon & Schuster Deal

Law 360 M&A

U.S. District Judge Florence Y. Pan issued an order Monday blocking Penguin Random House LLC's planned $2.18 billion purchase of Simon & Schuster after finding the move would likely hurt competition in the market for the rights to anticipated top-selling books.

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The Secret Weapon for Accomplishing 100% of Your Annual Plan

Rhythm Systems

Every team is focused on setting their Annual Priorities & Budget for the next year at this time of year. It's an incredible commitment of time, energy, and resources to determine the plan, not to mention what it will take to actually achieve it next year. So how can you be certain that your team is fully aligned and set up in the best way possible to get it all done and hit your numbers?

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Statement by Commissioner Uyeda on Final Amendments to Form N-PX

Harvard Corporate Governance

Posted by Mark T. Uyeda, U.S. Securities and Exchange Commission, on Thursday, November 3, 2022 Editor's Note: Mark T. Uyeda is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on his recent public statement. The views expressed in the post are those of Commissioner Uyeda, and do not necessarily reflect those of the Securities and Exchange Commission or the Staff.

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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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Fall 2022 Legal Industry News Highlights: Law Firm Hiring and Expansion, Notable Awards and Recognition, and the Latest in Diversity, Equity, and Inclusion

National Law Review M&A

Chandler Ford Crissonna Tennison Shelby Garrett Jurisdiction: All Federal Type of Law: Law Office Management Labor & Employment Mergers & Acquisitions Special highlight:

Equity 96
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Elon Musk’s Twitter Faces Exodus of Advertisers and Executives

NYT M&A

At least three Twitter executives have left in recent days, as one of the world’s largest ad companies said clients should pause spending on the social media platform.

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Remarks by Chair Gensler Before the Practising Law Institute’s 54th Annual Institute on Securities

Harvard Corporate Governance

Posted by Gary Gensler, U.S. Securities and Exchange Commission, on Thursday, November 3, 2022 Editor's Note: Gary Gensler is Chair of the U.S. Securities and Exchange Commission. This post is based on his recent public statement. The views expressed in this post are those of Chair Gensler, and do not necessarily reflect those of the Securities and Exchange Commission or the Staff.

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Washington State AG Seeks To Block Albertsons' $4B Dividend Payout

Benzinga

Albertsons Companies Inc (NYSE: ACI ) had a lawsuit filed against it by Washington State Attorney General Bob Ferguson to stop the grocery chain from paying shareholder dividends. Albertsons had sought to pay $4 billion in dividends to its shareholders before the closing of its proposed merger with supermarket operator Kroger Co (NYSE: Full story available on Benzinga.com.

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Accelerating capital projects to secure advantages in the net-zero transition

Mckinsey and Company

Ambitious net-zero deadlines require speedy project completion. Here’s how leaders of capital projects can strike a balance between the costs and benefits of accelerating delivery.

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Elon Musk Starts Putting His Imprint on Twitter

NYT M&A

The billionaire began as Twitter’s new owner by announcing a content moderation council and meeting employees, as some of the social media service’s users celebrated.

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Statement by Commissioner Peirce on Proposed Amendments Regarding Service Providers Oversight

Harvard Corporate Governance

Posted by Hester M. Peirce, U.S. Securities and Exchange Commission, on Monday, October 31, 2022 Editor's Note: Hester M. Peirce is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on her recent public statement. The views expressed in this post are those of Commissioner Peirce and do not necessarily reflect those of the Securities and Exchange Commission or its staff.

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Johnson & Johnson Expands Cardiovascular Portfolio, Bets $16B In Abiomed's Heart Failure Devices

Benzinga

Johnson & Johnson (NYSE: JNJ ) has agreed to acquire Abiomed Inc (NASDAQ: ABMD ) for an upfront payment of $380.00 per share in cash, corresponding to an enterprise value of approximately $16.6 billion. Abiomed shareholders will also receive a non-tradeable contingent value right (CVR), entitling the holder to receive up to $35.00 per share in cash if.