Tue.Mar 19, 2024

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Investment Stewardship 2023 Annual Report

Harvard Corporate Governance

Posted by John Galloway, Vanguard, Inc., on Tuesday, March 19, 2024 Editor's Note: John Galloway is Global Head of Investment Stewardship at Vanguard, Inc. This post is based on a publication by Vanguard Investment Stewardship. Vanguard’s Investment Stewardship Program Vanguard’s Investment Stewardship program has a clear mandate to safeguard and promote long-term shareholder returns on behalf of the Vanguard-advised funds and their investors.

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Unilever to Spin Off Ben & Jerry’s and Cut 7,500 Jobs

NYT M&A

The consumer goods giant said the moves would make for a “simpler, more focused company” as consumers trade down to cheaper brands amid high inflation.

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CEO turnovers due to poor industry performances: An examination of the boards’ retention criteria

Harvard Corporate Governance

Posted by Wilson H.S. Tong, Hong Kong Polytechnic University, on Tuesday, March 19, 2024 Editor's Note: Wilson H.S. Tong is Professor of Practice at the School of Accounting and Finance and Faculty of Business at Hong Kong Polytechnic University. This post is based on an article forthcoming in the Journal of Accounting and Public Policy by Lin Li, Peter Lam , Professor Tong, and Justin Law.

Finance 140
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Industrial heat pumps: Five considerations for future growth

Mckinsey and Company

Industrial heat pumps can help decarbonize the industrial sector and district heating. To develop new solutions and increase uptake, heat pump OEMs and end users can start conversations in key areas.

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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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Google And Apple's Potential AI Partnership Sparks Analyst Optimism, Could Reinforce Google's Leadership in AI Technology

Benzinga

BofA analyst Justin Post reiterated a Buy rating on Alphabet Inc (NASDAQ: GOOG ) (NASDAQ: GOOGL ) Google with a price target of $173. According to reports , Apple Inc (NASDAQ: AAPL ) is discussing licensing the Gemini AI platform with Google for integration into the forthcoming iOS 18 software update. This collaboration is set to enrich iOS with advanced Gen-AI features, including an enhanced version of Siri, Apple’s digital assistant, alongside its proprietary AI tools designed for local

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From niche to mainstream: Advancing partnerships in green investing

Mckinsey and Company

The managing partner and founder of Emerald Technology Ventures shares how the company works with start-ups and corporations in navigating the dynamic world of climate tech.

Start-ups 132

More Trending

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The McKinsey Crossword: Quarterly Report | No. 172

Mckinsey and Company

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

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Spartan Arbitration Tactics Against Well-Funded Opponents

Law 360 M&A

Like the ancient Spartans who held off a numerically superior Persian army at the Battle of Thermopylae, trial attorneys and clients faced with arbitration against an opponent with a bigger war chest can take a strategic approach to create a pass to victory, say Kostas Katsiris and Benjamin Argyle at Venable.

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Seizing opportunities amid the agtech capital drought

Mckinsey and Company

Despite market slowdown and funding woes, some agriculture technology start-ups still retain high value. Here’s how investors can identify and pursue these opportunities in time.

Start-ups 124
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Tips for a healthy business and a healthy life

JPAbusiness

We created our ebook – How to have a healthy business and a healthy life – to get you thinking about your health and wellbeing, and how that impacts you personally, and, in turn, your business. It’s time to put yourself first. Running a business – whether as an owner or a senior manager – can be hugely rewarding. As well as sharing the financial rewards – and risks – that come from being in business, there is the satisfaction of driving a business to improve performance and deliver to its client

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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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Brokerage Owner Hid Compliance Woes Before Sale, Suit Says

Law 360 M&A

Financial services company Arete Wealth Inc. has sued the previous owner of a brokerage firm it acquired, claiming the former owner papered over widespread compliance issues at his firm that ultimately led to an "onslaught of costly arbitrations" after the sale closed.

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Bookkeeping Red Flags and What To Do About Them

Redpath

Bookkeeping is strategically important for every business because financials form the foundation for daily operations and future planning. Identifying and correcting bookkeeping problems allows you to find and fix problems before they escalate so you can move forward with confidence.

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Author Talks: Philip Kotler and Giuseppe Stigliano on retail’s next chapter

Mckinsey and Company

More than 70 percent of US malls have closed. What does that mean for the future of shopping? Philip Kotler, “the father of modern marketing,” and Giuseppe Stigliano discuss retail’s “perfect storm.

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Risk Management Enforcement 2023: What Do Enforcement Actions Tell Us

N Contracts

We all know that r isk m anagement is an important part of financial institution governance. I t’s also a source of enforcement actions.

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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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AstraZeneca to buy Canadian cancer specialist Fusion for $2.4bn

The Guardian M&A

Britain’s biggest drugmaker’s latest acquisition will help it to develop new radiotherapy treatments Business live – latest updates Britain’s biggest drugmaker, AstraZeneca, is to buy a Canadian cancer specialist focused on next-generation treatments for $2.4bn (£1.9bn), the latest in a string of acquisitions made to strengthen its portfolio of new medicines.

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Treasury, IRS Release Final Regulations on Elective Pay Election for Energy Tax Credits

Machen McChesney

The Department of the Treasury and the IRS on March 5 released final regulations ( TD 9988 ) on the elective pay election for certain energy tax credits under IRC Section 6417, added by the Inflation Reduction Act (IRA), which treats the credits as a payment against federal income tax liabilities.

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Atos, a French Tech Giant, Tumbles in Value

NYT M&A

The French government said it would seek “a national solution” to protect Atos, a debt-burdened company that serves nuclear programs and the military.

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The Millennial Corporation: Strong Stakeholders, Weak Managers

Reynolds Holding

After several years of dramatic growth, ESG investing seems to have entered a period of retrenchment. While it is impossible to predict the future trajectory of ESG, the movement has revealed important structural features of our financial system and the social forces that act on it. As the ESG terrain shifts, it is important to have a clear understanding of these forces.

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Telegraph takeover by RedBird IMI faces regulatory probe

Financial Times M&A

Culture secretary ‘minded to refer’ deal involving British media group to Competition and Markets Authority

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AstraZeneca's $2.4B Fusion Pharmaceuticals' Acquisition Signals Shift In Efforts From Traditional Regimens For More Targeted Cancer Treatments

Benzinga

Tuesday, AstraZeneca Plc (NASDAQ: AZN ) agreed to acquire Fusion Pharmaceuticals Inc (NASDAQ: FUSN ) for $21.00 per share in cash plus a non-transferable contingent value right (CVR) of $3.00 per share in cash payable upon the achievement of a specified regulatory milestone. The upfront cash portion of the consideration represents a transaction value of approximately $2 billion, a 97% premium to Fusion’s closing market price of $10.64 on March 18, 2024.

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Comment on Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? by Jack Preacher

Appraisers Blog

In reply to Mary T Thompson. Hybrids and AVMs are here to stay. The old saying is the one who has the gold is the one who makes the rules. Unfortunately, the banks have all the gold.

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TotalEnergies Expands Carbon Capture And Joins e-Natural Gas Coalition With Industry Giants

Benzinga

TotalEnergies SE (NYSE: TTE ) inked a deal to acquire Talos Energy Inc.’s (NYSE: TALO ) Low Carbon Solutions (TLCS) for $148 million. The amount includes a purchase price of $125 million, along with customary reimbursements, adjustments, and retention of cash. The sale includes Talos’s entire carbon capture and sequestration (CCS) business, which comprises its three projects along the U.S.

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Comment on The Lack of Transparency in Appraiser Compensation by Kimberly DeFilippis

Appraisers Blog

The last line of the article says it all ~ “For all the unseasoned realtors, you’d better start looking for another job.

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Commercial Roofing Company Carlisle Seals The Deal: Acquires Metal-Era & Hickman Parent MTL For $410M

Benzinga

Commercial roofing company Carlisle Companies Inc (NYSE: CSL ) has entered into a definitive agreement to acquire MTL Holdings from GreyLion Partners, a U.S. private equity firm. MTL provides pre-fabricated edge metal for commercial roofing systems. Under the terms of the agreement, Carlisle will purchase MTL for $410 million in cash. Carlisle noted that the acquisition is consistent with its Vision 2030 strategy of acquiring superior.

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Comment on The Lack of Transparency in Appraiser Compensation by Baggins

Appraisers Blog

The current system of bundling appraiser compensation with third-party fees can lead to confusion & frustration for consumers

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Thyssenkrupp in talks to sell naval unit stake to Carlyle

Financial Times M&A

Investor interest in European defence businesses picks up amid growing geopolitical instability

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Bookkeeping Red Flags and What To Do About Them

Redpath

Bookkeeping is strategically important for every business because financials form the foundation for daily operations and future planning. Identifying and correcting bookkeeping problems allows you to find and fix problems before they escalate so you can move forward with confidence.

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Kirkland Restructuring Ace To Join Hilco Global As Vice Chair

Law 360 M&A

James H.M. Sprayregen, the founder of Kirkland & Ellis' restructuring practice group and a well-known deal-maker in the corporate restructuring and mergers and acquisitions community, is set to join Hilco Global as a vice chair, the financial services holding company announced Tuesday.

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Challenging sales tax audits: How to contest and defend your position

ThomsonReuters

Jump to: When should you contest an audit? How should you prepare for an audit defense? How can automation help in an audit defense? What if a sales tax audit needs to be appealed? What happens after the audit, win or lose Sales tax audits may be an unfortunate fact of corporate life, but not all audits are the same. After a sales tax audit is completed and a company is finally delivered a notice of proposed assessment by the state, the company must decide one of two things: whether to contest t

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10th Circ. Mulls If $6.4M Judgment Is Tainted By Cannabis Biz

Law 360 M&A

A Tenth Circuit panel pressed a cannabis entrepreneur Tuesday on his claim that a $6.4 million damages award for an ex-business partner amounts to "vindicating an interest" in federally illegal marijuana sales, with judges asking why the judgment can't be separated from the marijuana business.

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Kroger Passes The Baton: Sells Specialty Pharmacy Division To CarelonRx

Benzinga

On Monday, The Kroger Company (NYSE: KR ) inked a definitive deal to sell its specialty pharmacy business to CarelonRx, a subsidiary of Elevance Health, Inc. (NYSE: ELV ), for an undisclosed amount. Kroger’s in-store retail pharmacies and The Little Clinics are not included in this transaction as Kroger Specialty Pharmacy is separate from other Kroger Family of Pharmacies.

Equity 52
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EU Accuses Kingspan Of Skirting Merger Review Demands

Law 360 M&A

The European Commission on Tuesday accused construction materials supplier Kingspan Group of providing inaccurate or misleading information during the review for the company's planned purchase of Trimo before ultimately abandoning the deal.

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The Proven Framework for Sweat Free Board Meetings

Rhythm Systems

Watch to learn how Rhythm Systems can provide you the tools and methods other successful technology companies use to stop fighting fires and feel more confident going into every board meeting.

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Carlisle Buying Roofing Biz From PE Firm GreyLion For $410M

Law 360 M&A

Dorsey & Whitney LLP-guided Carlisle Companies Inc. said Tuesday it had agreed to buy roofing component business MTL, which is represented by Latham & Watkins LLP, from private equity firm GreyLion Partners for $410 million in cash.