Tue.Jun 04, 2024

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Board effectiveness: A survey of the C-suite

Harvard Corporate Governance

Posted by Carin Robinson, PricewaterhouseCoopers LLP, on Tuesday, June 4, 2024 Editor's Note: Carin Robinson is Director at the PricewaterhouseCoopers (PwC) Governance Insights Center. This post is based on her PwC memorandum. Against a backdrop of increasing fragmentation and complexity, companies are seeking to develop and execute coherent strategies, and corporate governance needs to keep pace, with directors addressing more topics and fielding input from more stakeholders.

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The state of AI in early 2024: Gen AI adoption spikes and starts to generate value

Mckinsey and Company

As generative AI adoption accelerates, survey respondents report measurable benefits and increased mitigation of the risk of inaccuracy. A small group of high performers lead the way.

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Poor ESG: Regressive Effects of Climate Stewardship

Harvard Corporate Governance

Posted by Zohar Goshen (Columbia Law School), Assaf Hamdani (Tel Aviv University), Alex Raskolnikov (Columbia Law School), on Tuesday, June 4, 2024 Editor's Note: Zohar Goshen is Jerome L. Greene Professor of Transactional Law at Columbia Law School, Assaf Hamdani is Professor of Law at Tel Aviv University, and Alex Raskolnikov is Wilbur H. Friedman Professor of Tax Law at Columbia Law School.

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Scaling national e-health: Best practices from around the world

Mckinsey and Company

We examined best practices from around the world to identify proven ways to implement e-health successfully. These insights could help other countries unlock their own e-health potential.

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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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Exxon court challenge to Arjuna shareholder proposal survives dismissal

Harvard Corporate Governance

Posted by Cydney Posner, Cooley LLP, on Tuesday, June 4, 2024 Editor's Note: Cydney Posner is Special Counsel at Cooley LLP. This post is based on her Cooley memorandum. You may recall that, in January, ExxonMobil filed a lawsuit against Arjuna Capital, LLC and Follow This, the two proponents of a climate-related shareholder proposal submitted to Exxon, seeking a declaratory judgment that it may exclude their proposal from its 2024 annual meeting proxy statement.

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When failure is an option: Fostering organizational innovation and learning

Mckinsey and Company

To achieve sustainable innovation, companies can embrace failure as a catalyst for driving change. Capability centers can enhance performance and promote learning in high-stakes operations.

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More Trending

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Workers wanted: How to fill the skilled-trade shortage

Mckinsey and Company

In the United States, demand for skilled workers has skyrocketed—and the unmet need for tradespeople risks putting prosperity and even national security at stake. What’s next?

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Chicago Cannabis Company Green Thumb Proposes Merger With Boston Beer, Eyes Stock Listing

Benzinga

Chicago-based cannabis producer Green Thumb Industries (OTCQX: GTBIF ) has raised eyebrows throughout the beverage and weed industries with a recent proposal to merge with Boston Beer Co. (NYSE: SAM ), the iconic American brewer behind Sam Adams lager. Green Thumb Seeks Stock Exchange Listing Green Thumb’s primary motivation for the move appears to be gaining access to a major U.S. exchange.

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Positioning for success in the chemical markets of the future

Mckinsey and Company

European chemical manufacturers are in a difficult position, with overcapacities projected in several key value chains until 2030. Emerging sustainable product markets present a promising solution.

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It Wasn’t Just Shrimp That Killed Red Lobster

Global Finance

Recall last summer, when the now-bankrupt restaurant chain made its $20 “Ultimate Endless Shrimp” promotion permanent. The scheme, cooked up by ex-CEO Paul Kenny and then-majority shareholder, Thai Union, sparked an uptick in customers at Red Lobster’s 640-plus locations. But while patrons gorged on shrimp, they snubbed other seafood items. The splashy marketing ploy scalded Red Lobster.

Finance 105
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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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Harnessing analytics and AI to shape the future of mobility retail

Mckinsey and Company

To prepare for a world of lower fuel sales, forecourt retailers can harness advanced analytics and AI to increase revenues from electric vehicle charging and convenience.

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Sri Lanka: Recovery Takes Hold

Global Finance

To say that Sri Lanka has seen its ups and downs lately is a bit of a perennial. The island nation was forced to seek assistance from the International Monetary Fund (IMF) 16 times between 1965 and 2020 in a history punctuated by civil war, constitutional crisis, terror attacks and Covid-19. Each time, it has bounced back. The latest such episode started in 2019 with the ongoing debt crisis, followed by a currency collapse and, in 2022, the fall of the scandal-ridden government of Rajapaksa.

Banking 105
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The case for space

Mckinsey and Company

The space economy is at an inflection point. Here’s how space is reshaping our day-to-day lives in surprising ways—and how it could help leaders address some of our most pressing business and societal challenges in the future.

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Comment on AMCs Violating TILA and C&R Fee Clauses by Honest Appraiser

Appraisers Blog

In reply to Brian. The damage made by Dudd-Fwank to Independent Appraisers time and resources due to AMC non-disclosure has become incalculable. If anyone in this country is owed reparations due to unindtended consequences of Federal Legislation and the abuse thereof… it is the Independent Real Estate Fee Appraiser.

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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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How generative AI could accelerate software product time to market

Mckinsey and Company

A new study offers early lessons on how generative AI can improve product managers’ productivity, quality, and experience.

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To Make Your Legal Writing Clear, Emulate A Master Chef

Law 360 M&A

To deliver clear and effective written advocacy, lawyers should follow the model of a fine dining chef — seasoning a foundation of pure facts with punchy descriptors, spicing it up with analogies, refining the recipe and trimming the fat — thus catering to a sophisticated audience of decision-makers, says Reuben Guttman at Guttman Buschner.

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Banking on interest rates: A playbook for the new era of volatility

Mckinsey and Company

Five levers can help banks set themselves on a course to more proactive and effective interest rate risk management.

Banking 128
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Circuit Judge Writes An Opinion, AI Helps: What Now?

Law 360 M&A

Last week's Eleventh Circuit opinion in Snell v. United Specialty Insurance, notable for a concurrence outlining the use of artificial intelligence to evaluate a term's common meaning, is hopefully the first step toward developing a coherent basis for the judiciary's generative AI use, says David Zaslowsky at Baker McKenzie.

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Bias Busters: Next in line? A structured approach to succession planning

Mckinsey and Company

A good old-fashioned task force can help boards depersonalize the process of picking new leaders.

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Capital One Opening Tech Center In Mexico

Global Finance

Capital One is the latest foreign bank to enter the Mexican financial sector. However, it will not compete directly with BBVA or Banco Santander, given that the initial hirings suggest a focus on generating technology products for the North American market. Mexico’s banking regulations mean that institutions must wait considerably for oversight checks to be completed.

Banking 97
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Comment on AMCs Violating TILA and C&R Fee Clauses by Brian

Appraisers Blog

The damage caused by Appraisal Management Companies violating TILA & the Customary & Reasonable fee clauses goes beyond just financial losses.

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The McKinsey Crossword: Name Us—We’re Famous | No. 183

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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Comment on Appraisal Fees & Value: Lessons from Picasso & Steinmetz by Mark SKAP

Appraisers Blog

I’m not gonna throw my eggs into this basket until I see results. Anyone can say what they want. Prove it. Show it. Engage it. I’m not AI but I know from the past that words mean nothing. Actions mean something.

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Petrochemicals review: Where we are now and where we’re going

Mckinsey and Company

The petrochemical industry may have reached the bottom of the cycle, but a look forward shows modest improvement in market conditions on the horizon.

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Comment on Appraisal Fees & Value: Lessons from Picasso & Steinmetz by ej

Appraisers Blog

In reply to Allen. The issue extends beyond just the fees; it lies in the fact that AMCs are obstructing opportunities for anyone outside their selected pool of appraisers. These appraisers, in collusion with the AMC, agree to reduced fees and faster turnaround times to secure the majority of the workload, effectively shutting out other professionals.

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Global capability centers: From execution to transformation

Mckinsey and Company

Global capability centers are faced with the complexities of a volatile, rapidly changing world. By harnessing the centers’ operational excellence, solutions can be found.

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Accounting Software for Family Offices

Gross Mendelsohn

Family offices are a convenient and effective way for high net worth families to manage their assets. But owning and operating a family office is no small feat. There are a variety of challenges that family offices have to tackle, like generational shifts, staffing resources and when it comes to finances, calculating and managing complex accounting data and reports.

Finance 84
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10 do’s and don’ts when selling your business

JPAbusiness

Our top tip for business sellers is to provide credible information about your business. I cannot stress the importance of this enough. Ask yourself: 'If I was considering buying this business, what would I want – and need – to know in order to make an informed decision about the opportunity?' Often as a business owner we take things about our business for granted – things like.

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Elliott rebuilds stake in SoftBank and pushes for buybacks

Financial Times M&A

US activist investor wants share price to reflect $180bn value of Japanese tech conglomerate’s investments

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Comment on Appraisal Fees & Value: Lessons from Picasso & Steinmetz by Pray Hard

Appraisers Blog

LMAO! What we think and or believe about ourselves is not even a remote consideration to the whatever’s who hire us. Their entire job is to beat us down as low as possible so that their bottom lines can look good. I’m sure it won’t be long until they’re “outsourcing” appraisals to India or some such anyway. They already outsource reviews.

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Gizmodo Is Sold to Keleops Media

NYT M&A

The tech website’s publisher, G/O Media, sold Gizmodo to the digital media and tech company Keleops.

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Canopy Growth Doubles Down On Its USA Strategy, Announces Exercise of Acreage Options

Benzinga

Canopy Growth Corporation (TSX: WEED ) (NASDAQ: CGC ) announced on Tuesday today that the option to acquire all of the issued and outstanding Class E subordinate voting shares of Acreage Holdings, Inc. (CSE: ACRG , ACRG.B.U)) (OTCQX: ACRHF , ACRDF)), has been exercised. What Happened The latest move is by the terms of the arrangement agreement dated April 18, 2019, as amended, between Canopy Growth and Acreage.

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Is Lazard’s new boss lonely at the top?

Financial Times M&A

Plus, EQT’s Jean Salata on China’s investment risks and why the UAE wants to team up with the US on artificial intelligence

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Comment on Appraisal Fees & Value: Lessons from Picasso & Steinmetz by Allen

Appraisers Blog

In reply to Juliana Homstead. This comment was edited by AppraisersBlogs Team. Profanity is edited out because it’s inappropriate within the context of this blog. Agreed, now what we should all quit because some f** appraisers, cannot get work without kissing the worthless amcs a**s?