Tue.Jun 18, 2024

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The Expansion of ESG Beyond Proxy Voting

Harvard Corporate Governance

Posted by Dimitri Zagoroff, Glass, Lewis & Co., on Tuesday, June 18, 2024 Editor's Note: Dimitri Zagoroff is Senior Editor at Glass, Lewis & Co. This post is based on a Glass Lewis memorandum by Mr. Zagoroff, Courteney Keatinge, and Eric Shostal. In the complex world of proxy voting, a little background context goes a long way. The Wall Street Journal’s Editorial Board recently cited a one-year decline in voting support for ESG-related shareholder proposals as evidence that asset mana

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Netherlands advanced: Building a future labor market that works

Mckinsey and Company

The Netherlands has high ambitions for living standards, housing, healthcare, education, and the environment, requiring higher productivity growth through technology and a “train of job transitions.

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Activists step up proxy fights to ignite deal talks

Harvard Corporate Governance

Posted by Antoinette Giblin, Diligent Market Intelligence, on Tuesday, June 18, 2024 Editor's Note: Antoinette Giblin is Editorial Manager at Diligent Market Intelligence (DMI). This post is based on her Diligent memorandum. With optimism around a possible uptick in M&A, a small subset of investors relying on this thesis are adding to the pressure on their targets by advancing board slates at the same time as demanding a sale of the company.

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Advanced semiconductors for the era of centralized E/E architectures

Mckinsey and Company

Next-gen automotive E/E architectures require sophisticated centralized compute units to cope with increasing feature needs. Fusion chips and chiplet-based designs are potential enablers.

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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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The Rise of Private Equity Continuation Funds

Harvard Corporate Governance

Posted by Kobi Kastiel (Tel Aviv University) and Yaron Nili (University of Wisconsin), on Tuesday, June 18, 2024 Editor's Note: Kobi Kastiel is a Professor of Law at Tel Aviv University and Yaron Nili is a Professor of Law and Smith-Rowe Faculty Fellow in Business Law at the University of Wisconsin Law School. This post is based on their article forthcoming in the University of Pennsylvania Law Review.

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A radical approach to cost reduction at climate tech companies

Mckinsey and Company

The single most effective way for companies to scale climate technology is to aim for cost parity with carbon-intensive alternatives.

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Latham Leads Boston Scientific On $1.16B Silk Road Deal

Law 360 M&A

Latham & Watkins-advised Boston Scientific Corp. said Tuesday it has agreed to acquire medical device maker Silk Road Medical Inc., represented by Wilson Sonsini, at an enterprise value of approximately $1.16 billion.

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Plan Sponsors, are You Ready for New Forfeiture Rules?

LaPorte

In February 2023, the IRS released proposed regulations that address how plan administrators should treat and report contributions that have been forfeited back to their… The post Plan Sponsors, are You Ready for New Forfeiture Rules? first appeared on LaPorte.

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5 Steps To Navigating State Laws On Healthcare Transactions

Law 360 M&A

As more states pass legislation requiring healthcare-transaction notice, private equity investors and other deal parties should evaluate the new laws and consider ways to mitigate their effects, say Carol Loepere and Nicole Aiken-Shaban at Reed Smith.

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Monetizing Financial Data with AI: Risks and Opportunities

N Contracts

Your financial institution is sitting on a goldmine of data, and you’re wondering how to monetize it using artificial intelligence (AI). You’re not the only one.

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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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Firms Must Rethink How They Train New Lawyers In AI Age

Law 360 M&A

As law firms begin to use generative artificial intelligence to complete lower-level legal tasks, they’ll need to consider new ways to train summer associates and early-career attorneys, keeping in mind the five stages of skill acquisition, says Liisa Thomas at Sheppard Mullin.

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Comment on Fannie, Freddie’s Offshore Gambit Imperils Privacy of Millions by Mike Ford, AGA

Appraisers Blog

In reply to Lindsey. Lindsey if we write MAYBE they will respond thoughtfully or consider our concerns. Maybe they wont. One thing is absolutely certain though. If we dont tell them there is a problem we are concerned about, they cant know we want their help on it.

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Is your business ready for the AI revolution?

JPAbusiness

I found myself chatting to a young guy at a local sports facility recently. He asked me what I did for work and I said I ran a business valuation and advisory firm. “We value companies and provide advice on growth and change,” I told him. He looked interested so I reciprocated by inquiring as to what he did. “I work for a business and my role is to replace regular and predictable processes and tasks with robots ,” he told me.

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Comment on Gov’t-Indulged Middlemen Are Wrong RX for Battered Borrowers, The Infirm by Baggins

Appraisers Blog

Question. Why would a third party company provide strict engagement rules the vendor NOT include their invoice? I posted a half dozen examples of such scope of work engagement protocols in a previous thread, link below. Anyone could verify this with just about any appraisal management company out there, simply ask for their appraiser scope of work engagement documents which come standard with every single appraisal request order.

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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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Securing competitiveness in India’s chemical industry

Mckinsey and Company

Boosting competitiveness could help chemical companies in India navigate global headwinds and shape a trillion-dollar chemicals market by 2040.

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Comment on Gov’t-Indulged Middlemen Are Wrong RX for Battered Borrowers, The Infirm by Eric Kennedy

Appraisers Blog

Thanks for the article King Cobra. I see opportunity here !! While we have the peeps in DC raging about “junk fees” we need to seize this moment and expose this debacle at every opportunity in DC. It’s pretty easy to show the Consumer is being harmed here… and that Independent Appraisers are being used as Chattel for the “Industry” Can we at least get the remnants of the State Coalitions to each write some letters?

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Accelerating permitting to help achieve US clean-energy goals

Mckinsey and Company

Permitting can be a major barrier to achieving ambitious clean-energy goals. Some states are acting as laboratories, experimenting with strategies that could be examples for other states.

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Comment on Security Bars Removal Law Debunks Alleged Racial Discrimination by Howard Wettreich

Appraisers Blog

It definitely seems that this lawsuit was bogus. However, it would help every appraiser reading these notices to know exactly how the adjustments were made, explained and defended in order to reach their own conclusions. That’s the part of all reported lawsuits and settlements that’s always missing. I understand that the report(s) will never be released, and that remains an unfortunate missed opportunity for at least a learning experience.

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Hedge Funds Betting On M&A Outperform Peers, But Lag Behind 2021 Levels

Benzinga

In a recent report, Goldman Sachs revealed that hedge funds focusing on mergers and acquisitions have outperformed their peers in the first five months of 2024. What Happened : M&A-focused hedge funds have seen a 7.7% return in the first five months of 2024. This is a significant turnaround from the negative 0.8% return in the same period of 2023 when high interest rates hindered deal-making, Reuters reported.

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Comment on Unresolved Complaints Filed with HUD by Mike Ford, American Guild of Appraisers

Appraisers Blog

In reply to Spencer Paul. BINGO!!! There is very big money in being a non profit advocacy group where mitigation funds can be coerced from large railways ( [link] CFASE), or developers; or professions where E&O insurance is common. Fighting homelessness? No problem. Have a hundred million per year and do nothing! Fighting drugs? Gangs? Seeking “Affordable Housing”?

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The McKinsey Crossword: Eponymous Sports Terms | No. 185

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 Security Bars Removal Law Debunks Alleged Racial Discrimination by Bill

Appraisers Blog

Yea, we have our government promoting a form of racism that doesn’t exist for the most part. It’s just the push to eliminate appraisers and a money grab by some dispicible individuals. Don’t get me wrong, sure there is no doubt a degree of racism in the appraisal profession and probably no different than lawyers, doctors, accountants and realtors.

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US biotech Illumina faces steep loss from forced sale of Grail

Financial Times M&A

Shares in cancer-test developer trading in low volumes ahead of spin-off demanded by antitrust regulators

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Comment on Unresolved Complaints Filed with HUD by Mike Ford, American Guild of Appraisers

Appraisers Blog

In reply to Kenneth Mullinix. Ken look up appraisers in the civil service General Service (GS) classification guidelines. They hire in at hte GS11 to GS 12 level (for VA Special Adaptive Housing Appraisers), plus local COLA depending on where they are located. Do NOT think typical resume guidelines when filling out the KSAs. You can write a book if you need to.

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Boston Scientific Adds Stroke Prevention To Vascular Portfolio Via Silk Road Medical's $1.3B Deal

Benzinga

Tuesday, Boston Scientific Corporation (NYSE: BSX ) agreed to acquire Silk Road Medical Inc (NASDAQ: SILK ) for $27.50 in cash per share, representing an equity value of approximately $1.26 billion. The per-share price represents an approximate 38% premium to the volume-weighted average share price of Silk Road Medical’s common stock over the past 60 days.

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Comment on Unresolved Complaints Filed with HUD by Mike Ford, American Guild of Appraisers

Appraisers Blog

In reply to TLD. True. We are still viable in litigation work, estate planning, divorce appraisals, easements, pre listings, partitions and a host of private work including purchase appraisals where interested parties procure waivers and buyers want to know if they are paying MV or not; but MISMO stated a goal of eliminating us over 10 years ago. (Read all about here in AB).

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Redpath and Company Selected as a 2024 Best Places to Work Awards Honoree by the Minneapolis/St. Paul Business Journal

Redpath

Minneapolis, MN (June 18, 2024) – Redpath and Company was announced as a 2024 Best Places to Work Awards honoree by the Minneapolis St. Paul Business Journal.

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Comment on Unresolved Complaints Filed with HUD by Baggins

Appraisers Blog

In reply to Mike Ford, American Guild of Appraisers. Appraisers should form our own independent non profit enterprise, to better educate the American public? Tap into some of this grant money to create additional employment positions. On the importance of independent checks and balances, the real value of the appraisers participation in the lending process to protect consumers, smart strategies for citizen engagement with lenders, etc.

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Novant Drops NC Merger After 4th Circ. Pauses Deal

Law 360 M&A

Novant Health has abandoned its plans to purchase two North Carolina hospitals for $320 million after a split Fourth Circuit panel on Tuesday granted the Federal Trade Commission's bid for an emergency injunction putting the deal on hold indefinitely.

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Comment on Gov’t-Indulged Middlemen Are Wrong RX for Battered Borrowers, The Infirm by Eric Kennedy

Appraisers Blog

The U.S. government impoverishes homebuyers as it does the chronically ill – by promoting the use of middlemen who prey upon them.

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Shell Secures Major LNG Deal With Temasek's Pavilion Energy: Details

Benzinga

Shell Eastern Trading Pte. Ltd., a subsidiary of Shell PLC (NYSE: SHEL ), has finalized a deal to purchase Pavilion Energy Pte. Ltd. from Carne Investments Pte. Ltd., a fully owned entity of Temasek. This acquisition covers the entirety of Pavilion Energy, which is noted for its expansive liquefied natural gas (LNG) operations, with about 6.5 million tonnes per annum of contracted supply.

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Comment on Security Bars Removal Law Debunks Alleged Racial Discrimination by Baggins

Appraisers Blog

In reply to Pray Hard. Or we could go back to mortgage bankers and appraisers having direct communication and meaningful professional relationships, better two way accountability. They could ask for a comp search before ordering the appraisal, so the borrower would know ahead of time a reasonable value range of their property’s market value. Borrower could make special requests if they were uncomfortable with any specific character type of appraiser, and lender could order the comp search

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Shell beats Saudi Aramco to Temasek’s LNG business

Financial Times M&A

Purchase of Singapore-based Pavilion Energy is its latest bet on the fossil fuel

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Comment on Unresolved Complaints Filed with HUD by Mike Ford, American Guild of Appraisers

Appraisers Blog

In reply to Kenneth Mullinix. As Ken has shared more of the detailed background with me I can confirm there is neither an iota of bias apparent in the work in question, nor any significant defect in the appraisal itself. The FACT that the United States Veterans Administration has investigated the complaint and cleared him is indicative and telling. HUDs normal process in every one of these cases is to ask or suggest appraisers may want to settle the cases based on no more than their initial noti