Sun.Oct 06, 2024

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Sustainability and ESG: Where Are We Now?

Harvard Corporate Governance

Posted by Leah Malone and Emily Holland, Simpson Thacher & Bartlett LLP, on Sunday, October 6, 2024 Editor's Note: Leah Malone is a Partner and Emily Holland is a Counsel at Simpson Thacher & Bartlett LLP. This post is based on a Simpson memorandum by Ms. Malone, Ms. Holland, Alexis Capati , Tenzin Dolkar , and Chayla Sherrod. As we near the final quarter of 2024, in a year with global temperatures looking to break new records (again), achievement of various 2025 or 2030 targets set by

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Bhutan: The Happiness Economy

Global Finance

Bhutan is banking on a unique mix of abundant energy, a clean environment, and wellness entrepreneurism to lure foreign investors. A constitutional monarchy of 800,000 people, Bhutan is nestled in a region that’s home to nearly 3 billion. Bordered by China to the north and India to the east, west and south, the Himalayan nation installed a new government in January under Prime Minister Tshering Tobgay, who returned to office after an earlier five-year stint that ended in 2018.

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Trending Sources

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New York Sun owner Efune closes in on £550mn deal for UK’s Telegraph

Financial Times M&A

Offer could end 16-month battle to control the conservative British national newspaper

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Game Time: Q&A With Clifford Chance’s Neil Barlow

Global Finance

Global Finance: What’s driving the current interest in sports finance? Neil Barlow: The ownership of major sports franchises has often been the preserve of wealthy billionaires. US investors look toward European soccer and say, “There’s this amazing asset that has global appeal across Asia, the Middle East, South America … but how come their valuations don’t match that of an NFL team?

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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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Seven & i looks to bolster takeover defences with non-core asset sales

Financial Times M&A

Owner of 7-Eleven brand considers disposing of supermarket chain and selling stake in Seven Bank

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European Union: Riberia Gets Role As Hybrid Commissioner

Global Finance

Teresa Ribera’s appointment as European Union executive vice-president for a Clean, Just and Competitive Transition places her in the hybrid job of EU competition chief, net-zero emissions architect and economic transformer. Replacing Margrethe Vestager, European Commission (EC) vice-president for a Europe Fit for the Digital Age and Competition, Ribera is currently Spain’s third vice-president and minister for the Ecological Transition.

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How Stakeholder Orientation Affects Labor Investment Efficiency

Reynolds Holding

In corporate governance, the focus is increasingly shifting toward non-financial stakeholders, particularly employees, as important contributors to a firm’s competitive advantage and long-term success. Historically, investment in labor has been a big topic in corporate finance, especially within agency theory. According to that theory, conflicts between shareholders and managers often lead to suboptimal investment decisions, resulting in either overinvestment (such as over-hiring or under-firing

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Global Consulting Firm Targets Expansion After Securing Major Norwegian Investment

Benzinga

LONDON, Oct. 06, 2024 (GLOBE NEWSWIRE) -- Projective is pleased to announce that Bonheur ASA, the Norway-based industrial investment company listed on the Oslo Stock Exchange, has acquired a controlling stake in the Company. Building on 176 years of experience in renewable energy, shipping, and various maritime activities, Bonheur has developed a strong ecosystem of renewable energy-related companies.

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Debevoise & Plimpton Discusses Reporting Deadline for Corporate Transparency Act

Reynolds Holding

It appears a new item must soon be added to the list of life’s certainties: “death, taxes and the CTA.” Effective January 1, 2024, the Corporate Transparency Act (“CTA”) requires many entities to report information about their beneficial owners, senior officers and other control persons to the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”). [1] Pre-existing entities are not grandfathered, and the January 1, 2025 initial reporting deadline for reporting entities create

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UAE: Global Chip Makers Evaluate Building Plants In The Gulf

Global Finance

Samsung Electronics and Taiwan Semiconductor Manufacturing Company (TSMC) have held talks with United Arab Emirates (UAE) officials that could see the semiconductor behemoths establish plants in the swashbuckling Persian Gulf state reportedly worth more than $100 billion. First reported last month, the development comes amid a determined push by the UAE to establish itself as a global hub for advanced technologies and shrink the emirates’ dependence on hydrocarbon revenues.

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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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Egypt: United Bank Stake For Sale

Global Finance

Egypt’s government plans to sell a stake in United Bank via an initial public offering (IPO) during the first quarter of 2025. The move comes as Egypt pushes ahead with its privatization program under reforms backed by the International Monetary Fund (IMF). According to a September statement, the Central Bank of Egypt (CBE) sought the necessary approvals, including consent from Egypt’s Financial Regulatory Authority and the Egyptian Stock Exchange.

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Searching For A Soft Landing

Global Finance

Inflation is easing and growth is stabilizing, but geopolitical conflicts and fiscal uncertainty still threaten a global soft landing. Global economic growth will continue expanding this year and hold steady next year, with some weakness in the United States and China and some rebounding in the euro area, according to global forecasts. These say that doomsayers will be proved wrong, and recession avoided, with central bankers slowly but steadily restoring more neutral monetary conditions as infl