Sat.Aug 13, 2022 - Fri.Aug 19, 2022

Why Companies Make Acquisitions

Scott Mashuda

Opportunities Remain Even As Market Pressures Increase The facts: Inflation in the US has reached a 41-year high, and the Consumer Price Index is up 9.1% since June of last year, with the biggest economic pain points circling food and energy costs. Groceries are up 12%. Energy prices are up 41.6%

Proxy Voting: Managers Focus on Environmental and Social Themes

Harvard Corporate Governance

Posted by Lindsey Stewart, Morningstar, Inc., on Thursday, August 18, 2022 Editor's Note: Lindsey Stewart is Director of Investment Stewardship Research at Morningstar, Inc. This post is based on his Morningstar memorandum.

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The Silver Tsunami is Here

Viking Mergers

More than 75 million Baby Boomers are poised to retire (part of what has been dubbed the “Silver Tsunami”). Early studies indicated mass exodus of Boomers from the workforce would happen steadily over the next 20 years.

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Jim Ratcliffe declares interest in buying Manchester United

Financial Times M&A

UK billionaire emerges as potential buyer of struggling football giant if Glazer family want to sell

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Racial Targeting Under the Heading of Diversity, Equity & Inclusion

Appraisers Blog

This time around, the racial targeting is masked as a virtue under the heading “Diversity, Equity and Inclusion,” or “DEI.”

What to Know About the SEC’s ESG Investing Rule Proposals

Harvard Corporate Governance

Posted by Nina Wilson, Edelman, on Wednesday, August 17, 2022 Editor's Note: Nina Wilson is Vice President of Edelman ESG Advisory. This post is based on her Edelman memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A. Bebchuk and Roberto Tallarita; Does Enlightened Shareholder Value Add Value?

M&A Remains Strong After a Record-Setting Year

Scott Mashuda

Last month, REAG Founding Partner Scott Mashuda and Kyle Madden of KLH Capital hosted their bi-annual discussion about the current state of mergers and acquisitions in the lower-middle market.

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Author Talks: Design your future

McKinsey Public & Social Sector Insights

Danish design experts Christian Bason and Jens Martin Skibsted say humanity needs a more expansive outlook on problem-solving—one that is less human-centered and more future-proof. McKinsey on Books High Tech & Internet Public & Social Sector Digital

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Should Your Company Go Private?

Harvard Corporate Governance

Posted by Mandy Wright, Directorship, on Sunday, August 14, 2022 Editor's Note: Mandy Wright is senior editor of Directorship magazine. This post is based on an NACD BoardTalk publication. Twenty-six public companies have gone private this year as of mid-May, totaling more than $121 billion in value. Compare that to 47 companies that did the same in all of 2021, the highest number of such deals in more than a decade, according to Dealogic.

Basic Cyber Hygiene

LaPorte

Cybersecurity has been a chief concern among small business owners for some time, but protecting data from bad actors has become even more important since… The post Basic Cyber Hygiene first appeared on LaPorte.

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Founders of Bourne Leisure make £300mn bid to buy back Butlin’s

Financial Times M&A

Harris family want to repurchase UK resorts group Butlin’s from Blackstone as domestic holidays boom

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Lessons in leadership: Using data to drive public-health decisions

McKinsey Public & Social Sector Insights

Mehnaz Mustafa spearheaded the creation of an innovative public-health data and analytics hub to inform New Jersey’s COVID-19 response, advance health equity, and tackle public-health challenges. Public & Social Sector Insights Public health Health care services United States

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The Corporate Law Reckoning for SPACs

Harvard Corporate Governance

Posted by Minor Myers (University of Connecticut), on Wednesday, August 17, 2022 Editor's Note: Minor Myers is Professor of Law at the University of Connecticut School of Law. This post is based on his recent paper , and is part of the Delaware law series ; links to other posts in the series are available here. Related research from the Program on Corporate Governance includes SPAC Law and Myths (discussed on the Forum here ) by John C. Coates. The ascendance of SPACs in U.S.

Early-Stage Founder? This is what you Should Know About Company Valuation

Startup Valuation Blog

Early-Stage Founder? This is what you Should Know About Company Valuation. . Most entrepreneurs who establish startups want to one day make an exit and sell the company when its value is hundreds of millions of dollars, if not billions. But what do they know about company value? Here are the essential things every entrepreneur must know about company valuation. If you are not familiar with them - it is recommended to stop for a moment and read.

BHP announces record cash return on surging coal prices

Financial Times M&A

Australian miner benefits as war in Ukraine crimps Russian fuel exports

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Using analytics to address inflation risks and strengthen competitive positioning

McKinsey Public & Social Sector Insights

In the new inflationary environment, company leaders can protect their business and gain competitive advantage by deploying analytics-aided strategies. Risk & Resilience Insights Analytics Risk Management

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Gender Pay Gap Across Cultures

Harvard Corporate Governance

Posted by Kristina Minnick (Bentley University), on Thursday, August 18, 2022 Editor's Note: Kristina Minnick is Stanton Professor of Finance at Bentley University. This post is based on a recent paper by Professor. Minnick; Natasha Burns , Professor of Finance at the University of Texas at San Antonio; Jeffry Netter , Josiah Meigs Professor of Finance at the University of Georgia Terry College of Business; and Laura T.

No End Date for Future Editions of USPAP

Appraisers Blog

Future editions of USPAP will have an effective start date but no end date. Folks, on Thursday August 11, 2022, the ASB/TAF announced the extension of the current USPAP to the end of 2023.

Cineworld prepares for US bankruptcy filing

Financial Times M&A

World’s second-biggest cinema chain has warned it is in discussions to restructure the business

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How to Adapt to the Changing Tides of Asset and Wealth Management

Biz Equity

Technological change alone can be daunting as evidenced by the arrival of “5G” and most recently “The Metaverse”. In other words, we have ‘never been here before’ as we enter a new stage of technology growth.

Identifying Corporate Governance Effects: The Case of Universal Demand Laws

Harvard Corporate Governance

Posted by Steven Davidoff Solomon (University of California at Berkeley), Panos N. Patatoukas (University of California at Berkeley), and Byung Hyun Ahn (Dimensional Fund Advisors), , on Tuesday, August 16, 2022 Editor's Note: Steven Davidoff Solomon is Professor of Law at the University of California at Berkeley School of Law; Byung Hyun Ahn is a Researcher at Dimensional Fund Advisors; and Panos N.

How to Simplify Communication With Clients

Accounting Web

Clients How to Simplify Communication With Clients

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Geely: worst of times is the best of times to build a global auto network

Financial Times M&A

Profits may be down but buying spree should pay off for most international of China’s carmakers

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Small Business Goals: Preparing to Sell Your Business

BV Specialists

After years of creating, developing, and growing your small business there will ultimately come a time when you determine the next best course of action is to sell, whether that be in the open market or in a private transaction between employees, family members, or current investors.

ESG Trends and Expectations

Harvard Corporate Governance

Posted by Marc S. Gerber, Greg Norman, and Simon Toms, Skadden, Arps, Slate, Meagher & Flom LLP, on Tuesday, August 16, 2022 Editor's Note: Marc S. Gerber , Greg Norman and Simon Toms are partners at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden memorandum by Mr. Gerber, Mr. Norman, Mr. Toms, Adam M. Howard , Kathryn Gamble , and Patrick Tsitsaros.

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Pricing during inflation: Active management can preserve sustainable value

McKinsey Public & Social Sector Insights

Industrial players are paying more attention to their pricing strategies to cope with inflation and ensure sustainable impact. Advanced Electronics Insights Industrial equipment & components

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Just Eat Takeaway sells stake in Brazil’s iFood for up to €1.8bn

Financial Times M&A

Dutch investment group Prosus acquires remaining third of Latin American delivery business it does not own

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Maryland Raises Business Personal Property Tax Exemption

Gross Mendelsohn

The Maryland State Department of Assessments and Taxation (SDAT) made business owners very happy as House Bill 268 ( HB268 ) has officially taken effect. This legislation increases the exemption amount of personal property eligible to be taxed.

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Weekly Roundup: August 12-18, 2022

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, August 19, 2022 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of August 12-18, 2022. CSOs Have More Impact When Aligned To The CEO. Posted by Kurt Harrison, Sarah Galloway, and Emily Meneer, Russell Reynolds Associates, on Friday, August 12, 2022. Climate Disclosures: Not Quite as Easy as (Scope) 1-2-3. Posted by Lindsey Stewart, Morningstar, Inc.,

A reflection on global food security challenges amid the war in Ukraine and the early impact of climate change

McKinsey Public & Social Sector Insights

Geopolitical and climatic events are impacting the food system’s resilience. Here’s what happened this year, what may come next year, potential consequences, and considerations that may mitigate the impact. Agriculture Insights Food and Agriculture Agriculture

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Galaxy Digital commits to Nasdaq listing after ending BitGo deal

Financial Times M&A

Investment manager aims for US market as $1.2bn deal collapses

Look for More IRS Form Revisions Now That the Inflation Reduction Act Is Law

ThomsonReuters

The IRS may need to revise certain employment tax reporting forms, and the forms used to claim the qualified small business payroll tax credit for increasing research activities, after President Biden signed the Inflation Reduction Act ( H.R.

PE Firms Poised for Diversity Drive

Harvard Corporate Governance

Posted by Kem Ihenacho, Clare Scott, and Anne Mainwaring, Latham & Watkins LLP, on Monday, August 15, 2022 Editor's Note: Kem Ihenacho is partner, Clare Scott is counsel, and Anne Mainwaring is an associate at Latham & Watkins LLP. This post is based on a Latham memorandum by Mr. Ihenacho, Ms. Scott, Ms. Mainwaring, Catherine Campbell , and Jennifer Cadet.

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The growth triathlon: Three pathways to extraordinary growth in the consumer sector

McKinsey Public & Social Sector Insights

For consumer companies to grow fast and profitably, they must expand their cores, tap into adjacencies, and ignite breakout businesses—all at the same time. Insights on Consumer Packaged Goods Consumer packaged goods

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M&G: new chief may yield value at lower risk than a break-up

Financial Times M&A

Investors should wait for results of leadership change before pursuing a further demerger

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Why Cybersecurity Is a Growing Concern in M&A

Reynolds Holding

The Fortune 500 CEO survey in 2021 found that two-thirds of interviewed CEOs consider cybersecurity risk their greatest concern, far greater than the risks presented by political instability or climate change. [1]

Better Succession Planning Starts with Knowing Your CEO

Harvard Corporate Governance

Posted by Richard Holt, Alvarez & Marsal, and Amerino Gatti, Helix Energy, on Friday, August 19, 2022 Editor's Note: Richard Holt is Managing Director at Alvarez & Marsal, and Amerino Gatti is Energy Executive at Helix Energy. This post is based on an NACD BoardTalk publication. The average age of CEOs is nearly 60 years of age within the S&P 500. As the average age of CEOs grows older, the average CEO tenure is growing shorter, to about 6.9 years.