Appraisers Blog

JANUARY 6, 2024

Meanwhile the bozos in the US regulatory structure have proclaimed it does not bring in enough taxes, and the manufacturer not paid the commensurate extortion through regulatory approval application fees, so we can’t have one. Policy and representation for sale. Where did the liberty go?

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Reynolds Holding

FEBRUARY 26, 2023

Consistent with recent proxy seasons, a significant number of companies are receiving proposals calling for new or enhanced political disclosures. We expect, and have begun to see, a similar number of politically-focused shareholder proposals this proxy season. Shareholder political disclosure proposals take different forms.

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IVSC

MAY 2, 2023

Join us for the 2023 IVSC Valuation Webinar Series, Sponsored by Kroll and be part of the global conversation shaping the future of valuation. ” Join us for an informative webinar on the macroeconomic outlook, where leading experts from around the world will share their insights and predictions on the global economy.

Banking 246

Banking Marketability 246

Reynolds Holding

OCTOBER 16, 2023

A parallel type of financing is also used in the political sphere to fund campaigns for individual candidates for office and political committees. In a recent book chapter , I explore NFT financings in the nonprofit and political realm as an extension of my earlier broad-based work on crowdfunding.

Finance 59

Finance Corporate Finance Marketability Compliance 59

Reynolds Holding

MARCH 12, 2024

Supreme Court’s newly formulated “major questions doctrine” because it addresses an issue of political or economic significance. This was not the first time that financial institutions have used the major questions doctrine to challenge a regulator’s authority. Department of the Treasury and a fellow at the Roosevelt Institute.

Banking 59

Banking Treasury Finance 59

Reynolds Holding

OCTOBER 2, 2023

A while ago, the National Center for Public Policy Research – a conservative organization that focuses its advocacy in the corporate and securities space – filed a lawsuit against Starbucks , arguing that its diversity equity and inclusion program ran afoul of Title VII of the Civil Rights Act of 1964, and Section 1981. Dumke , 900 F.2d

Compliance 81

Compliance Market Capitalization Equity Marketability 81

Reynolds Holding

MAY 2, 2023

Analysis of the distinctive fusion of economic and political power in controlling shareholders and the range of policy domains in which controlled firms are key protagonists have been largely absent from the literature. 4] This influence carries significant implications for domestic political systems and institutional development.

Comps 59

Comps Capital Structure Technology Marketability 59

Appraisers Blog

NOVEMBER 21, 2023

The UK is not guiding much policy in America. We are supposed to be living in a republic democracy where individuals rights are inalienable and not subjected to whims of political movements and biased persons. The right of contracts and the rights of free association will save us, if only we remember how to implement them wisely.

Appraisal 98

Appraisal Equity 98

Reynolds Holding

JUNE 29, 2022

Shareholder resolutions filed in the 2022 proxy season included several different types of proposals focused on political spending by corporations, reflecting investor concerns that support of certain candidates and causes may be inconsistent with the stated values of the company. Report on Global Public Policy and Political Influence.

Equity 45

Equity 45

Reynolds Holding

JANUARY 12, 2023

Corporate political activism (CPA) is defined as activities that are visible to stakeholders and that support or oppose issues viewed as politically charged. The reality is that most people are not politically active and perceive most brands as apolitical and in the middle. Strategies to Manage Corporate Political Activism.

Banking 59

Banking Equity 59

Reynolds Holding

MARCH 8, 2023

On March 2 and 3, 2023, Deputy Attorney General Lisa Monaco and Assistant Attorney General Kenneth Polite gave speeches announcing new and amended Department of Justice policies and guidance for prosecuting corporate crime.

Compliance 49

Compliance Equity 49

Reynolds Holding

APRIL 4, 2024

Yet equality is not a consideration for current antitrust policy, which is concerned almost exclusively with consumer welfare (understood as a synonym for economic efficiency). At the same time, the wider policy repercussions of specific decisions call for a coherent approach.

Marketability 59

Marketability 59

Reynolds Holding

JULY 20, 2023

We have considered the social, economic, political and legal developments which have followed the publication of The New Paradigm. The fundamental concept of The New Paradigm is reflected in the 2021 report of The British Academy, Policy and Practice for Purposeful Business.

Market Capitalization 40

Market Capitalization Marketability Equity 40

Reynolds Holding

JANUARY 10, 2023

Anticipated changes included regulatory developments across the globe, including in the US, the UK, and the EU. In this complicated macroeconomic, political, and legal context, this fourth annual installment of Latham’s ESG Top 10 List highlights the ESG developments and trends that are likely to emerge in 2023.

Start-ups 56

Start-ups Marketability Banking Finance 56

Reynolds Holding

JANUARY 9, 2023

Like most regulatory agencies, though, the SEC is subject to resource constraints – as well as to pressures from both the political and business spheres, which might steer it away from the fulfillment of its mission. We conduct three counterfactual analyses to evaluate the outcomes of alternative enforcement policies. 3] Kang, K.,

Market Capitalization 59

Market Capitalization Marketability 59

Reynolds Holding

MARCH 24, 2024

However, in the two decades since, subsequent economic, political, legal, and governance developments have deviated from these initial intentions, creating a market and legal landscape less conducive to takeover activity. This post comes to us from professors Luca Enriques at the University of Oxford and Matteo Gatti at Rutgers University.

Marketability 59

Marketability 59

Reynolds Holding

JANUARY 17, 2023

Investors are increasingly interested in whether firms implement environmental, social, and governance (ESG) policies that, for example, reduce the firms’ carbon footprints, diversify their workplaces, or better protect customers’ private information. Some socially beneficial policies (e.g., Some socially beneficial policies (e.g.,

Marketability 69

Marketability 69

Reynolds Holding

APRIL 27, 2023

While some see ESG investing as a way to create sustainable shareholder value, [1] others view it as a means for advancing contested values outside of the political process. [2] AFSCME , [4] the Supreme Court held that states could not require non-union employees who opposed union speech and policies to contribute to public unions.

Finance 105

Finance 105

Audit Board

FEBRUARY 26, 2023

Geopolitics is used broadly to refer to international politics – and sometimes even to aspects of domestic politics, especially when policy impacts relations between countries. Decoupling between the economies of the US and China, the world’s two largest economic blocs, is reversing globalisation as we have known it.

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Reynolds Holding

SEPTEMBER 14, 2023

In a forthcoming volume, leading law, management, and finance scholars from around the world examine the theoretical underpinnings of the current governance framework as well as the relevant practices and the legal and policy issues relating to the dialogue between institutional shareholders and corporate boards. based competitors.

Banking 64

Banking Finance Equity Marketability 64

Valutico

OCTOBER 28, 2022

Political tensions. Xi’s presidency is currently characterized by tough covid-lockdowns and an economic policy that, in case of doubt, does not take into account the interests of international investors. Political tensions are clearly on the mind of most investors. Let us know in the comments below.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization EBITDA 52

Reynolds Holding

MARCH 26, 2024

It has been a year since Silicon Valley Bank failed, and one of the major policy questions that emerged – what to do about deposit insurance? This post comes to us from Professor Hilary J. remains unresolved.

Banking 59

Banking Start-ups Treasury Finance 59

Musings on Markets

FEBRUARY 11, 2023

In the month since, I have added two more data updates, one on US equities and one on interest rates , but my attention was drawn away by other interesting stories. Through time, these defaults have led to consequences that range from mildly negative to catastrophic, with some defaults triggering invasions and political revolutions.

Risk Premium 76

Risk Premium Start-ups Equity Marketability 76

Andrew Stolz

AUGUST 4, 2020

Market expected return: Stock prices are influenced by internal factors (management), economic factors, political factors, demand, and supply, etc. Additional factors that influence the risk-free rate are macroeconomic factors, monetary policies, external and structural factors. Dividends . How Do You Calculate Equity Risk Premium?

Risk Premium 52

Risk Premium Equity Risk-free Rate Dividends 52

Reynolds Holding

JANUARY 3, 2024

Celebrity SPACs, those associated with individuals from various industries like show business, sports, and politics, have emerged as a notable subset within this trend. Policy Implications Despite the concerns about celebrity SPACs, the study suggests that regulators should not be alarmed. available here.

Marketability 45

Marketability Finance 45

Reynolds Holding

OCTOBER 31, 2022

In the area of corporate governance, investors have shown interest in issues such as board composition, diversity, director retirement, and overboarding policies. Engagement is consequential.

Equity 141

Equity 141

Reynolds Holding

APRIL 24, 2024

However, once those practices were exposed, Nike faced considerable backlash, prompting the company to improve its labor policies significantly. Conclusion and Policy Implications The article sheds light on the failure of many companies to embrace sustainability under a system of voluntary disclosure. Ann Rev Econ 15: 689-722, 2023).

Marketability 59

Marketability Technology 59

Musings on Markets

JANUARY 28, 2024

If you are interested, you can review the process that I use in far more detail in this paper that I update every year on country risk. At the start of 2023, the median cost of capital, in US dollars, is 7.9% (8.7%) for a US (global) company , lower than the 9.6

Risk Premium 93

Risk Premium Beta Start-ups Equity 93

Reynolds Holding

FEBRUARY 12, 2024

Companies today face more pressure to speak on social and political issues than ever before. It may well be the case that the ruling bears directly on an issue of political significance with little or no obvious direct relevance for businesses or commercial conduct. 2] See, e.g., Revlon, Inc.

Marketability 45

Marketability 45

Reynolds Holding

MARCH 26, 2023

Separate rules would require investment advisers to tell investors how ESG financial products and investment policies take account of ESG factors or achieve ESG-related goals. Both sets of rules have generated nationwide controversy and put companies and leading financial institutions at the center of a political maelstrom.

Compliance 59

Compliance Marketability 59

Reynolds Holding

FEBRUARY 29, 2024

Interpreting Investor Demand for ESG The high level of investor interest in ESG disclosure, ESG stewardship, and ESG investing has offered a persuasive datapoint in the policy and academic debates over ESG. In both instances, the withdrawals were linked to political pressure and opposition to ESG.

Marketability 59

Marketability Finance 59

Reynolds Holding

DECEMBER 19, 2022

Over the last two decades, the dramatic increase in institutional investors’ ownership of rival companies has raised questions about collusive corporate policies. [1] Common ownership, competition, and top management incentives, Journal of Political Economy , forthcoming. Horizontal shareholding and antitrust policy.

Finance 64

Finance Banking Equity Marketability 64

Reynolds Holding

MARCH 2, 2023

On the other end of the political spectrum, leftists consistently criticize labor’s capital for undermining worker interests by fund­ing financialization and the growth of Wall Street. This post comes to us from Professor David H. They call instead for pensions to be replaced by a much larger social security system.

Marketability 59

Marketability Finance 59

Reynolds Holding

MARCH 31, 2024

The delay undermines governments’ ability to reduce CO2 externalities through traditional means such as taxes and regulation, because starving people of energy is politically difficult and hard to coordinate internationally. This post comes to us from Professor Alessio M. In both cases, institutional investors have played along.

Equity 121

Equity Finance Technology Marketability 121

Reynolds Holding

JANUARY 19, 2023

This past year alone, the Division’s Fraud Section (i) secured convictions of over 250 individuals, including more than 50 who were convicted at trial; (ii) entered into seven criminal resolutions with corporations; and (iii) announced two Corporate Enforcement Policy declinations.

Compliance 45

Compliance Start-ups Banking Marketability 45

Reynolds Holding

MARCH 13, 2023

Criminal Division Assistant Attorney General (AAG) Kenneth Polite provided greater detail in his keynote address at the same conference. The guidance was announced by the Deputy Attorney General (DAG) Lisa Monaco at the ABA’s 38th Annual National Institute on White Collar Crime.

Compliance 45

Compliance Equity Treasury Banking 45

Audit Board

SEPTEMBER 13, 2022

With a new report from the Chartered IIA and AuditBoard telling us fraud is on the rise , we should be asking why and mustering our counter-offensives. At a human level, it is the crime to which more of us are likely to fall victim than any other. . Increased rationalisation : “If the opportunity is there, why not?

Technology 52

Technology 52