Sat.Nov 26, 2022 - Fri.Dec 02, 2022

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An Adventure in Acquisition Entrepreneurship

Viking Mergers

I recently had the pleasure of sitting down with Ken Massey, owner of Autumnwood Designs , to discuss his experience as a business owner. In 2021, Ken ventured into the world of “acquisition entrepreneurship” – and joined the ranks of a growing number of success stories. There is a great deal of insight to glean from Ken’s journey, which he generously shared with us.

Start-ups 130
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Linking Executive Compensation to ESG Performance

Harvard Corporate Governance

Posted by Merel Spierings, The Conference Board, Inc., on Sunday, November 27, 2022 Editor's Note: Merel Spierings is a Researcher for the ESG Center at The Conference Board. This post is based on her Conference Board memorandum, in partnership with ESG analytics firm ESGAUGE and compensation advisory firm Semler Brossy. Related research from the Program on Corporate Governance includes The Perils and Questionable Promise of ESG-Based Compensation (discussed on the Forum here ) by Lucian A.

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Perspectives Paper: Automated Valuation Models and Residential Valuations

IVSC

In October 2020 the IVSC issued its Agenda Consultation 2020 which highlighted Automatic Valuation Models (“AVMs”) as a key topic to be considered by the IVSC over the next few years. The Agenda Consultation stated that the “IVSC Technical Boards had originally begun to look at this topic due to market feedback on technological disruption caused by the increasing use of AVMs in many markets, particularly by banks and valuers for the valuation of residential properties for secured lending purpos

Banking 246
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How will the space economy change the world?

Mckinsey and Company

Space is no longer the sole domain of governments and aerospace and defense companies. Businesses that pursue emerging opportunities now may gain a first-mover advantage.

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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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Let’s Stop Treating Crypto as If It Were Finance

Reynolds Holding

Members of Congress and financial regulators from the Federal Reserve, U.S. Treasury, SEC, CFTC, and CFPB appear set on regulating the crypto trading system (traded coins and associated marketplaces, exchanges, brokerages, lending, staking, derivatives, intermediaries, and enablers) as part of the traditional financial services system. Policy discourse on this topic has centered around which – rather than whether – financial regulators should be in charge of crypto trading.

Finance 145
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The Director’s Guide to Shareholder Activism

Harvard Corporate Governance

Posted by Maria Castañón Moats, Paul DeNicola, Matt DiGuiseppe, PricewaterhouseCoopers LLP, on Friday, December 2, 2022 Editor's Note: Maria Castañón Moats is Leader, Paul DeNicola is Principal, and Matt DiGuiseppe is Managing Director at the Governance Insights Center at PricewaterhouseCoopers LLP. This post is based on their PwC memorandum. Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism (discussed on the Forum here ) by Luci

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How personalization at scale can invigorate Asian insurers

Mckinsey and Company

The surge in digital consumer interactions is making possible a new era of gathering, analyzing, and responding to individual customer data strategically and with precision.

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Will an SPD Posted on Our Company’s Intranet Satisfy ERISA’s Requirement That SPDs Be Delivered to Participants?

ThomsonReuters

QUESTION: We would like to post the SPD for our company’s health and welfare plan on the company intranet instead of delivering paper copies to participants. Would this delivery method satisfy ERISA? ANSWER: Yes, if certain requirements are met. ERISA requires that SPDs be delivered in a manner that is “reasonably calculated to ensure actual receipt.

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Trends in E&S Proposals in the 2022 Proxy Season

Harvard Corporate Governance

Posted by Daniel Litowitz, and Lara Aryani, Shearman & Sterling LLP, on Monday, November 28, 2022 Editor's Note: Daniel Litowitz and Lara Aryani are Partners at Shearman & Sterling LLP. This post is based on a Shearman & Sterling piece by Mr. Litowitz, Ms. Aryani, George Casey , William Kim and Lucas Wherry and is part of the 20th Annual Corporate Governance Survey publication of Shearman & Sterling LLP.

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Increase to the solar investment tax credit

Henry Horne

With the recent passing of the Inflation Reduction Act in August, the Solar Investment Tax Credit saw some changes. For 2021 the Solar Tax Credit allowed a dollar-for-dollar tax offset with no limit for 26% of the cost to install solar on your property. This has now been increased to 30% for 2022 through 2032, … Keep Reading. The post Increase to the solar investment tax credit appeared first on Henry+Horne.

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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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Author Talks: Hospitality lessons from a Michelin-star restaurateur

Mckinsey and Company

Eleven Madison Park cofounder Will Guidara explains why a hospitality economy is on the horizon and shares the “unreasonable” strategies that he has used to lead restaurants to the top of their game.

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Kanye West, Parler Scrap Buyout Deal After Rapper's String Of Controversies — Conservative Platform To Look Elsewhere For Growth

Benzinga

Parler , the conservative alternative to Elon Musk’ s Twitter , said Thursday that it has mutually agreed with Kanye West , now known as Ye, to terminate its sale to the rap star. What Happened: Parlement Technologies, the parent of Parler, confirmed the “decision was made in the interest of both parties in mid-November.” Parler will continue to pursue future opportunities for growth and the evolution of the platform for our vibrant community.

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The corporate director’s guide to overseeing deals

Harvard Corporate Governance

Posted by Maria Castañón Moats, Paul DeNicola, Colin Wittmer, PricewaterhouseCoopers LLP, on Monday, November 28, 2022 Editor's Note: Maria Castañón Moats is Leader, Paul DeNicola is Principal, and Colin Wittmer is Deals Leader at PricewaterhouseCoopers LLP. This post is based on their PwC memorandum. Introduction. The deal volume in 2021 reached levels not seen in recent years, a trend that continued into the first part of 2022.

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Clarity in the Sale: Educated Sellers and Buyers Get More

Scott Mashuda

What happens when a business owner or founder receives an unsolicited offer from a potential buyer? Erroneously, many owners and founders think of a sale as a full equity deal and a complete exit from their company. However, there’s more to consider. A call out of the blue might mean that there’s a considerable amount of green for your organization to capitalize on!

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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Getting digital transformation right in resource-heavy industries

Mckinsey and Company

Eight core principles can help companies in the energy, oil and gas, basic materials, and utilities sectors achieve successful digital transformations.

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How Firms Are Getting The Most Out Of Their Pro Bono Work

Law 360 M&A

From BigLaw to boutiques, each law firm has its own way of integrating pro bono. Some make their pro bono commitment public. Others choose to fly under the radar, forgoing the public relations value pro bono can bring. But overall, the goal is the same: making an impact while developing a strong firm culture.

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Open Letter to Directors and Activists Regarding Amendments to Advance Notice Bylaws

Harvard Corporate Governance

Posted by Ron Berenblat, Andrew Freedman, Dorothy Sluszka, Olshan Frome Wolosky LLP, on Wednesday, November 30, 2022 Editor's Note: Andrew Freedman , and Ron Berenblat are Partners and Dorothy Sluszka is an Associate at Olshan Frome Wolosky LLP. This post is based on their Olshan memorandum. We want to draw attention to a concerning corporate governance trend that directly impacts directors of public companies and shareholders with director representation on public company boards.

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Camping World Expands Footprint In The Golden State Via This Acquisition

Benzinga

Camping World Holdings Inc (NYSE: CWH ) has inked an agreement to acquire RV Solutions Inc, a family-owned RV dealership group in San Diego, California. The financial terms were not disclosed. The deal includes two RV Dealership locations, RV Solutions and Airstream of San Diego. Full story available on Benzinga.com.

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The link between climate and national security

Mckinsey and Company

Former Netherlands chief of defense Tom Middendorp, the “climate general,” discusses efforts to decarbonize defense forces and the security risks that could be heightened by climate change.

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No wizardry required: 3 steps to shift from legacy ERP to the cloud

Avanade

Today, there’s nothing magical about migrating manufacturing ERP to the cloud. Instead, with an experienced partner and the right platform, it should be a logical, methodical and predictable process.

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Cybersecurity for Investors: Why Digital Defenses Require Good Governance

Harvard Corporate Governance

Posted by Diana Lee, AllianceBernstein, on Thursday, December 1, 2022 Editor's Note: Diana Lee is Director of Corporate Governance and an ESG Analyst for Responsible Investment team at AllianceBernstein. This post is based on her AllianceBernstein memorandum. Hacker attacks and data breaches have pushed cyber and data security to the top of company agendas everywhere.

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Top Marijuana MSOs Amid Earnings Season: Analyst Shares Key Takeaways From Q3 Reports & What They Mean

Benzinga

Cantor Fitzgerald's Pablo Zuanic has crunched Q3 earnings numbers for two cannabis MSOs following Auxly Cannabis Group Inc. 's (TSX: XLY) (OTCQX: CBWTF ) and Columbia Care Inc. 's (OTCQX: CCHWF ) quarterly performance reports. Cresco Labs Inc (OTCMKTS: CRLBF). The analyst retained an "Overweight" rating on the company's stock while keeping his price target of $15.

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Five lessons from AI on closing quantum’s talent gap—before it’s too late

Mckinsey and Company

To ensure organizations have access to the quantum computing talent they need when they need it, leaders will have to upskill workers and create pathways for new talent, just as they did for AI.

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Law Schools Are Right To Steer Clear Of US News Rankings

Law 360 M&A

By opting out of participating in the U.S. News & World Report annual rankings, law schools abandon a profoundly flawed system and free up their resources to adapt to the tsunami of changes overtaking the profession, says Nicholas Allard at Jacksonville University College of Law.

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The Unicorn Puzzle

Harvard Corporate Governance

Posted by Rüdiger Fahlenbrach (Ecole Polytechnique Fédérale de Lausanne), on Monday, November 28, 2022 Editor's Note: Rüdiger Fahlenbrach is Swiss Finance Institute professor at Ecole Polytechnique Fédérale de Lausanne (EPFL) College of Management. This post is based on a recent paper by Professor Fahlenbrach, Professor René M. Stulz , Daria Davydova , and Leandro Sanz.

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Three Ways to Navigate the Complexities of Advising Family Businesses

Biz Equity

Advisors serving family businesses face specific challenges and are presented with equally distinct opportunities created by the unique dynamics of these relationships.

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What is net zero?

Mckinsey and Company

Net zero is an ideal state where the amount of greenhouse gases (GHGs) released into the earth’s atmosphere is balanced by the amount of GHGs removed. Decarbonization efforts are needed to reach net zero.

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Investor Serves Up Securities Suit Over Poshmark-Naver Deal

Law 360 M&A

Online clothing retailer Poshmark was hit with a securities lawsuit Friday in New York federal court over its proposed $1.2 billion merger with South Korean online retailer Naver Corp. for allegedly filing a "materially incomplete and misleading" proxy statement that failed to fully inform stockholders about what they'd be voting on.

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Glass Lewis 2023 Policies Guidelines – ESG Initiatives

Harvard Corporate Governance

Posted by Brianna Castro, Courteney Keatinge, Maria Vu, Glass, Lewis & Co, on Wednesday, November 30, 2022 Editor's Note: Brianna Castro is Senior Director of North American Research; Courteney Keatinge is Senior Director of Environmental, Social & Governance Research; and Maria Vu is Senior Director of Compensation Research at Glass, Lewis & Co.

Equity 235
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How to Manage a Hybrid Team

Rhythm Systems

I get asked this question lately "How hard should I push employees to return to the office?" "Is this work-from-home thing going to last? Do I need to get used to it?".

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Building a winning AI neobank

Mckinsey and Company

Firms launching a neobank can increase their odds of success in today’s uncertain environment by targeting specific characteristics and capabilities in their strategy and execution plans.

Banking 95
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Fla. Fund Manager Sued Over Tout Inc. Collapse

Law 360 M&A

An Arizona woman has accused a Florida-based fund manager in a federal lawsuit of taking over Tout Inc. and selling its highly prized artificial intelligence technology at a steep discount to an entity bearing his name, cutting shareholders out of profits and effectively gutting the business.

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Communicating with the SEC When Your Organization Suffers a Cybersecurity Incident

Harvard Corporate Governance

Posted by Haimavathi V. Marlier, Michael D. Birnbaum, Morrison & Foerster LLP, on Wednesday, November 30, 2022 Editor's Note: Haimavathi Marlier and Michael Birnbaum are Partners at Morrison & Foerster LLP. This post is based on their Morrison & Foerster memorandum. If there was ever doubt before, the Securities and Exchange Commission (SEC) has made clear—through two proposed rules related to cybersecurity, enforcement actions , public statements, and a beefed up “Crypto Assets a

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Charles Koppelman, Force in the Music Industry and Beyond, Dies at 82

NYT M&A

A dealmaker and superstar matchmaker, he worked with artists like Barbra Streisand, Dolly Parton and Tracy Chapman. Later he was chairman of Martha Stewart Living.