Thu.Oct 10, 2024

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Climate Shareholder Proposals: A More Sophisticated Discourse

Harvard Corporate Governance

Posted by Subodh Mishra, ISS STOXX, on Thursday, October 10, 2024 Editor's Note: Subodh Mishra is Global Head of Communications at ISS STOXX. This post is based on an ISS-Corporate memorandum by Kosmas Papadopoulos, Head of Sustainability Advisory-Americas, at ISS-Corporate. Shareholder proposals offer a glimpse into investor and market sentiment on key corporate governance issues, including how companies are managing environmental and social impacts, risks, and opportunities.

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The state of retail banking: Profitability and growth in the era of digital and AI

Mckinsey and Company

As the global macroeconomic environment remains uncertain, retail banks should focus on the fundamentals of customer primacy and margin protection while embracing digital technologies and gen AI.

Banking 117
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Preparing for California’s Climate Disclosure Laws

Harvard Corporate Governance

Posted by Leah Malone, Emily Holland, and Alexis Capati, Simpson Thacher & Bartlett LLP, on Thursday, October 10, 2024 Editor's Note: Leah Malone is a Partner, Emily Holland is a Counsel, and Alexis Capati is an Associate at Simpson Thacher & Bartlett LLP. This post is based on their Simpson Thacher memorandum. When California Governor Gavin Newsom signed SB 253 and 261 [1] into law last year—creating the first broad, industry-agnostic domestic climate reporting obligations for U.S. co

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Managing carbon: A new role for the CFO

Mckinsey and Company

Better carbon management can be a competitive advantage. Here’s how CFOs across industries and markets can move beyond “check the box” compliance and enable strategy-driven, carbon-based decision making.

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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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Control and Its Discontents

Harvard Corporate Governance

Posted by Jill E. Fisch (University of Pennsylvania) and Steven Davidoff Solomon (UC Berkeley), on Thursday, October 10, 2024 Editor's Note: Jill E. Fisch is the Saul A. Fox Distinguished Professor of Business Law at the University of Pennsylvania Carey Law School, and Steven Davidoff Solomon is the Alexander F. and May T. Morrison Professor of Law at the UC Berkeley School of Law.

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The power of digital: Quantifying semiconductor fab performance

Mckinsey and Company

Semiconductor fabs can optimize fab performance via transparent advanced analytics, chasing perfection one byte at a time.

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More Trending

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Private equity groups’ assets struggling under hefty debt loads, Moody’s says

Financial Times M&A

Holdings of Platinum Equity and Clearlake Capital are at heightened risk of default, rating agency says

Equity 106
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Major Cannabis Merger Approved In New York: Can Weed Stock Investors Take Advantage?

Benzinga

RIV Capital Inc. (CSE: RIV ) (OTC: CNPOF ) and Cansortium Inc. (CSE: TIUM ) (OTCQB: CNTMF ) have secured approval from the New York Cannabis Control Board for their upcoming merger, marking a major consolidation in the state's fast-growing cannabis industry. The merger, expected to close by the end of 2024, positions the combined company to take full advantage of covering 25% of the U.S. population with eight cultivation and processing facilities and 42 retail dispensaries. “We are th

Finance 69
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Growth And Restructuring: Q&A With Mongolia’s Central Bank Governor Byadran Lkhagvasuren

Global Finance

Byadran Lkhagvasuren, governor of the Bank of Mongolia, speaks to Global Finance about the country’s growth prospects and its pursuit of sustainable economic development. Global Finance: What is Mongolia’s economic growth outlook for 2024-2025? Byadran Lkhagvasuren: The Mongolian economy grew by 5.6% in the first half of 2024, mainly driven by high growth in the mining and transportation sectors as well as in the service sector, despite the sharp decline in the agriculture sector.

Banking 96
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DOJ Suggests a Framework for Remedies to Pry Power Away from Google

Mogin Rubin M&A

Written by Jonathan Rubin, Partner and Co-Founder of MoginRubin LLP -- The government’s antitrust case against Google’s Search business passed another milestone with the government’s proposal of a remedies “framework” to loosen Google’s monopoly grip on the general search services and search text advertising markets. The DOJ’s filing maintained that Google’s conduct resulted in “interlocking and pernicious harms” for which fashioning a remedy “present[ed] unprecedented complexities in a highly e

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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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Regulus Consolidates 100% Ownership of the Colquirrumi Claims

Benzinga

VANCOUVER, British Columbia, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Regulus Resources Inc. ((", Regulus", or the ", Company", , TSXV: REG , OTCQX: RGLSF ) is pleased to announce that it has executed an agreement with Compañia de Minas Buenaventura S.A.A. (" Buenaventura ") dated effective August 26, 2024 to acquire the remaining 30% interest in the Colquirrumi claims (see Figure 1) that the Company did not already own (see Company press release dated February 15, 2023).

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Reminder: Profits and Cash Flow Aren't the Same

Machen McChesney

Profitable businesses often experience cash flow shortages, particularly if they’re experiencing rapid growth. Business owners may wonder why they owe taxes when they regularly struggle to find cash to cover their bills. The answer can be found by understanding the key differences between profits and cash flow.

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Managing Economic Balance: Q&A With Hungary’s Central Bank Governor György Matolcsy

Global Finance

György Matolcsy, governor of Hungary’s central bank (Magyar Nemzeti Bank), reflects on his second term and speaks about plans to potentially join the euro. Global Finance: Next year marks the end of your second term as governor of the MNB. Looking back to 2013, what have been the biggest changes in Hungary’s economy, and what have been your main achievements?

Banking 59
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Accounting firm RSM in talks to combine UK and US businesses

Financial Times M&A

Rare transatlantic deal aims to remove ‘barriers’ to serving mid-market companies across borders

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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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U.S. CPI: Further evidence of disinflation supports another rate cut

LaPorte

(authored by RSM US LLP) We expect the Fed to keep its eyes on preserving full employment amid general price stability, which points to a further reduction in interest rates this year. The post U.S. CPI: Further evidence of disinflation supports another rate cut first appeared on LaPorte.

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Brookfield outbids Segro for FTSE 250 warehouse owner Tritax EuroBox

Financial Times M&A

Logistics properties have become one of the most attractive parts of the commercial real estate sector

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Fed Rate Cut Fuels Acquisition Boom: Why Now Is the Time to Act

Scott Mashuda

Fed Rate Cut Fuels Acquisition Boom: Why Act Now In a decisive move that’s set to reshape the economic landscape, the Federal Reserve cut interest rates by 50 basis points , signaling a significant shift in monetary policy. This pivot from an inflation-focused stance to one prioritizing employment has opened up a world of opportunities, particularly in the lower middle market.

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FTC's Final Merger Filings Overhaul Drops Labor Market Look

Law 360 M&A

The Federal Trade Commission on Thursday finalized its long-awaited overhaul to U.S. merger filing rules, dropping initial proposed requirements to submit preliminary deal drafts and labor market details, while also reinstating the "early termination" of reviews of benign tie-ups.

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Jaclyn Ring Elected as 2026 Chair of M&A Source Board

Scott Mashuda

Pittsburgh, PA – October 9. REAG is proud to announce that Jaclyn Ring, M&AMI, CM&AP , has been elected to serve as the Chair of the Board for M&A Source in 2026. This appointment marks another significant milestone in Ring’s career and underscores her leadership in the M&A industry. M&A Source , the preeminent association for the lower middle market transaction community, has recognized Ring’s expertise and proven leadership abilities with this prestigious appoin

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Yale Hospital Says Pension Liens Breach $435M Sale Deal

Law 360 M&A

A hospital operator's purported $4 million pension liability has saddled its properties with liens that breach a $435 million sale contract, Yale New Haven Health told a Connecticut state judge Wednesday in a letter suggesting it may add claims to litigation over its deal with Prosepct Medical Holdings Inc.

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September 2024 SAAR

Auto Dealer Valuation Insights

The September 2024 SAAR came in at 15.8 million units, 3.3% higher than last month and in line with September 2023. At their September meeting, the Federal Reserve cut benchmark interest rates by 50 basis points and highlighted a slight rise in unemployment.

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Chancery OKs $9.5M Deal For Katapult SPAC Challenge

Law 360 M&A

A $9.5 million deal settled a Delaware Court of Chancery stockholder suit Thursday seeking damages arising from a stock slump following the $883 million blank check company deal that took subprime consumer lender Katapult Holdings Inc. public in June 2021.

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Pursuing Reform: Q&A With Iraq’s Central Bank Governor Ali Muhsen Al-Allaq

Global Finance

The governor of the Central Bank of Iraq, Ali Muhsen al-Allaq, speaks to Global Finance about the main challenges and top priorities for the bank. Global Finance: Iraq went through decades of wars and crises. How did that impact the Iraqi banking sector? Ali Muhsen al-Allaq: The banking sector faced severe headwinds starting with the Iraq-Iran war of 1980-1988, which damaged the country’s financial stability and the banks’ ability to service internal debt.

Banking 52
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How BIS' Rule Seeks To Encourage More Voluntary Disclosure

Law 360 M&A

Updated incentives, penalties and enforcement resources in the Bureau of Industry and Security's recently published final rule revising the Export Administration Regulations should help companies decide how to implement export control compliance programs and whether to disclose possible violations, say attorneys at Freshfields.

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Maintaining Momentum: Q&A With Costa Rica’s Central Bank Governor Róger Madrigal López

Global Finance

Róger Madrigal López, Costa Rica’s central bank governor, speaks to Global Finance about the country’s outlook for the coming year. Global Finance: What is your view of the Costa Rican economy in the coming 12 months? Róger Madrigal López: Costa Rica’s economy is set to maintain its positive momentum in the coming months, with growth expected to hover around 4%.

Banking 52
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Chancery OKs $125M Deal, Fees In Discovery Merger Suit

Law 360 M&A

Declaring it "a great settlement," a Delaware vice chancellor approved on Thursday a near chart-topping, $125 million deal to end stockholder challenges to Discovery Inc.'s $43 billion merger with AT&T in 2022, an amount eclipsed only by a $148.2 million pretrial deal in a 2016 case.

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Central Banker Report Cards 2024: Introduction

Global Finance

Beyond their core mandates, central banks must also respond to the actions of their peers to achieve their aims. Global Finance grades their success and interviews eight central bank governors about 2024 and 2025. For central banks worldwide, the past 12 months have been very challenging. They are not only fighting inflation and trying to avoid a recession, often supporting their local job market, but they are also dealing with and trying to anticipate the moves of other—and frequently bigger—ce

Banking 52
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RIA M&A Update: Q3 2024

Auto Dealer Valuation Insights

Following a year where deal volume in the RIA industry nearly matched the all-time high of 2022, RIA M&A activity has cooled in 2024. Fidelity’s September 2024 Wealth Management M&A Transaction Report listed 155 deals through September 2024, down 11% from the 174 deals executed during the same period in 2023. RIA deal activity experienced a greater decline than the broader M&A market.

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Sports Tech Sees Threefold Increase In M&A Deal Values

Law 360 M&A

The sports tech sector saw a more than threefold increase in merger and acquisition deal values in the first half of this year compared with the second half of 2023, with more than $27 billion in transactions led by Silver Lake's $13 billion take-private acquisition of Endeavor Group, according to a report released by global tech investment bank Drake Star on Thursday.

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Just Released: 3Q24 Exploration & Production Newsletter

Auto Dealer Valuation Insights

Mercer Capital’s Value Focus: Exploration & Production newsletter provides an overview of the industry through supply and demand analysis, commodity pricing, and public market performance. In addition, each issue of this quarterly newsletter focuses on a region, including Eagle Ford, Permian, Appalachia, and Haynesville, examining general economic and industry trends.

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Pfizer Threatened To Sue Former Execs, Starboard Says

Law 360 M&A

Activist investment firm Starboard Value has set its sights on pharmaceutical giant Pfizer, issuing a letter Thursday that alleges Pfizer has threatened to sue former executives that Starboard is working with and expresses "concerns about the trajectory of the business.

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From the M&A Glossary: Search Fund 

Exit Strategy

A search fund is an investment vehicle through which an entrepreneur raises capital from investors to fund the search for and eventually the acquisition of a privately-held company. The search fund model allows the entrepreneur to collect a salary while they search for a suitable target company and negotiate a letter of intent and perform due […] The post From the M&A Glossary: Search Fund appeared first on Exit Strategies Group, Inc.

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Sen. Warren, Novo At Odds On Merits Of $16.5B Deal

Law 360 M&A

Sen. Elizabeth Warren on Thursday raised the alarm on Novo Holdings' planned $16.5 billion purchase of Catalent, arguing the transaction could give Novo "unprecedented" control over the production of certain obesity drugs by Eli Lilly and other top competitors, but Novo insists the deal would give it no such edge.

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HSBC Plans to Expand Private Wealth Management Business in Canada

Benzinga

HSBC Holdings plc (NYSE: HSBC ) plans to double the size of its Canadian private client business over the next few years, according to Nader Guirguis, CEO of HSBC Private Wealth Services (Canada). For HSBC, the Canadian private wealth management market represents a significant opportunity. The country enjoys a good reputation for socioeconomic stability, liberal immigration policies and a growing pool of high-net-worth individuals.

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