Tue.Sep 03, 2024

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Private company outlook: Governance

Harvard Corporate Governance

Posted by Wolfe Tone, Bob Rosone, and Maureen Bujno, Deloitte LLP, on Tuesday, September 3, 2024 Editor's Note: Wolfe Tone is Vice Chair and Bob Rosone and Maureen Bujno are Managing Directors at Deloitte LLP. This post is based on a Deloitte memorandum by Mr. Tone, Mr. Rosone, Ms. Bujno, Jamie McCall , and Robert Lamm. Deloitte asked 100 C-level private business leaders about their outlook regarding business priorities, corporate governance, AI and business risks in the next 12 months.

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IVSC 2025 AGM and International Valuation Conference to be Hosted in New Delhi, India

IVSC

We are delighted to announce that the International Valuation Standards Council (IVSC), thanks to the support and collaboration of the Assessors and Registered Valuers Foundation (AARVF) and the Royal Institution of Chartered Surveyors (RICS) , will be hosting its 2025 Annual General Meeting (AGM), Advisory Forum and associated board meetings in New Delhi, India.

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Proxy Season Global Briefing: Executive Pay

Harvard Corporate Governance

Posted by Maria Vu, Bernadette O’Donoghue, Silvia Gatti, Glass, Lewis & Co, on Tuesday, September 3, 2024 Editor's Note: Maria Vu is a Senior Director, Bernadette O’Donoghue is a Director of Research & Product, and Silvia Gatti is a Director of Research at Glass, Lewis & Co. This post is based on a Glass Lewis memorandum by Ms. Vu, Ms. O’Donoghue, Ms.Gatti, Lisa Marie O’Malley, and Dimitri Zagoroff.

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Billion-Dollar Cannabis Company Closes Acquisition Of Three US Breweries, What's Next For Tilray

Benzinga

Tilray Brands, Inc. (NASDAQ: TLRY ) (TSX: TLRY ) announced on Tuesday that it has completed the previously announced acquisition of craft breweries Hop Valley Brewing Company,Terrapin Beer Co., and Revolver Brewing, from Molson Coors Beverage Company (NYSE: TAP ). Why It Matters The acquisition bolsters Tilray’s leadership position in the U.S. craft beer market as the 5th largest craft brewer in the country and the top craft brewer in the Pacific Northwest and Georgia.

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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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Corporate Bankruptcies Are Rising Globally

Global Finance

Bankruptcy filings are piling up all over the world now that government emergency supports linked to the Covid-19 pandemic have diminished. In the US, the world’s largest economy, more corporations went under in the first half of 2024 than in any comparable period since 2010. In total, 346 companies filed for Chapter 11 bankruptcy, according to Standard & Poor’s Global Market Intelligence.

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The McKinsey Crossword: Commercial-Free | No. 196

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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More Trending

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Kroger, Albertsons Merger In FTC Crosshairs: Customers, Competitors At Risk

Benzinga

The Federal Trade Commission (FTC) has reached the halfway point in a trial where it is trying to convince an Oregon federal judge to grant an injunction that would prevent two of the largest grocers — The Kroger Co. (NYSE: KR ) and Alberstons Companies, Inc. (NYSE: ACI ) — from carrying out a $25 billion merger. What Happened : According to the Wall Street Journal, the FTC retained expert witnesses to testify that groceries could get more expensive if Kroger and Albertsons combined.

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TSMC Starts Building Its First European Chip Plant

Global Finance

Taiwan Semiconductor Manufacturing Company, the world’s biggest semiconductor chip maker, broke ground in early August on its first facility in Europe, an $11 billion fabrication plant in Dresden, Germany. TSMC holds a 70% stake in the venture, called the European Semiconductor Manufacturing Company, with German automotive chip maker Infineon Technologies, the Netherlands’ NXP Semiconductors, and automotive parts supplier Bosch each taking a 10% stake.

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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by PDM

Appraisers Blog

In reply to Flash. That seems like a fine line is being crossed. You are doing an appraisal on a house you are hoping to obtain the listing for? Not being critical, just making an observation. It would seem this has the “appearance” of impropriety written all over it. Just curious, have you run this by anyone to see if you are in the clear with this?

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Has the drive toward human development been thrown into reverse?

Mckinsey and Company

The UNDP’s Pedro Conceição talks about today’s global gridlock, uncertainty complex, and a pervasive sense of disempowerment.

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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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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by PJTC

Appraisers Blog

What’s with all the hostility. It’s at the point of ridiculous and counter productive. No need for it. If no one has anything to contribute in a meaningful manner why are you here?

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Hewlett-Packard to Pursue $4 Billion Claim Against Mike Lynch’s Estate

NYT M&A

The money is tied to a fraud lawsuit in Britain by the tech services giant over its acquisition of Autonomy, the software firm founded by Mr. Lynch, who died last month when his yacht sank.

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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by Flash

Appraisers Blog

In reply to PDM. When I upgraded my Real Estate Salesperson license to Broker it was over 360 hours of courses that protect the general public. In taking the actual Broker test, I sat for two three hour periods of morning and afternoon going over the test which was 80-90 % Real Estate Laws to protect the general public. Full Disclosure is the key with clients and I refuse to double end real estate commissions again to avoid improprieties or other areas of suspected Conflicts of Interest with my

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Tobacco Giant Invests $30.8M In Cannabis Company: BAT Private Placement Second Of Three Tranches

Benzinga

Cannabis producer Organigram Holdings Inc. (NASDAQ: OGI ) (TSX: OGI ) has closed the second of three tranches of the previously announced CA$124,559,674 ($92.3 million) follow-on strategic equity investment by BT DE Investments Inc., a wholly owned subsidiary of British American Tobacco plc, (NYSE: BTI ) on Tuesday. Under the second tranche closing, the investor acquired Organigram's 4,429,740 common shares and 8,463,435 Class A preferred shares at CA$3.2203 per share, for gross proceeds of

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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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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by Flash

Appraisers Blog

In reply to PDM. Again. Full Disclosure. In escrow to both parties. I don’t attempt this with any prior appraisals done for AMCs because that would be a line crossed. Since I am doing non lender work with estates, who contact me directly, there has been no line crossed. When talking to clients I first explain which hat I am wearing at the time of each discussion.

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4 steps to build a valuable customer base

JPAbusiness

When running a business, we all know it's important to have happy customers, but it's equally important to ens ure we have 'valuable' customers. The cheat sheet below provides 4 steps to identifying and building a valuable customer base. Step one is to determine the quality of your current customer base. If you find quality is lacking in some areas – for example, client diversity or payment times – follow the next steps to help you create a deliberate strategy for attracting valuable customers.

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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by Flash

Appraisers Blog

In reply to PDM. I have not even drawn a weapon from my holster. Have had a real estate license before an appraisal license since 1980 to the present. Too many prior live appraisal instructors were unclear as to having two licenses. Even uninformed lender reviewers many years ago attempted to claim that there was a conflict of interest just having two licenses.

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Ghana: Domestic Funding For Cocoa

Global Finance

Ghana’s decision to exclude international banks from funding cocoa production may have opened opportunities for its domestic financiers and traders to invest in the sector, but analysts fear that the move leaves the country’s currency, the Cedi, vulnerable to weakening. Ghana is the world’s second-largest producer of the commodity key to the manufacture of chocolates; its Cocoa Board says the decision to wean the economy off a 32-year-old syndicated external borrowing arrangement will “create mo

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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by PDM

Appraisers Blog

In reply to Flash. Whoooa Silver, please read my question over, I am not being critical or attacking you just seeking some insight into your process. There is no sarcasm necessary. It was a reasonable question to your situation regarding any guidance you might have received. Perhaps from a legal professional. There was no intent to offend you.

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Retail’s outperformers: Lessons in value creation

Mckinsey and Company

What does it take to create value in the intensely competitive retail industry—especially if you’re not a big retailer? A new analysis reveals what’s worked.

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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by Eric Kretz

Appraisers Blog

In reply to Retired Appraiser. Sure thing… you’ve now just proven you’re nothing more than a childish troll and this site should ban you for being a clown. I’d love to keep teeing you up, but I’ve got much better things to do with my time. What do you say RA, time to go somewhere else?

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Embracing change: Auditors’ views on generative AI

ThomsonReuters

The 2024 Generative AI in Professional Services research conducted by the Thomson Reuters Institute provides a comprehensive overview of the burgeoning role of GenAI across various professional sectors, including legal, tax, accounting, risk, and government. This study captures the complex spectrum of emotions surrounding GenAI, from hope and excitement to hesitancy and concern.

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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by Baggins

Appraisers Blog

In reply to AppraisersBlogs Team. Oh yeah. There are some fundamental disagreements here. That should not stop us from working together on such an important cause.

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Trisha Price on leveraging data to build great products

Mckinsey and Company

Trisha Price, chief product officer of Pendo.io, discusses the importance of metrics in product management and how teams can use data to inform every aspect of their products.

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When Property Investors Want Out, These Bargain Hunters Rush In

NYT M&A

Investment firms are raising record sums for real estate secondary funds that cut private deals to buy assets from investors who can’t otherwise exit.

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Comment on Uncovering Flaws in FHA Appraisal & Loan Review Process by Robert N. Mossuto Jr.

Appraisers Blog

I’m baffled that the appraiser fraudulently indicated that the water system and sewer system were PUBLIC with the knowledge that the home was in the country and the listing stated both were well and septic (Private). It’s clear the appraiser is either incompetent and should not be appraising or was compelled to commit fraud by the AMC, Class Valuation, in order to continue receiving appraisal assignments.

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Chelsea FC co-owner Clearlake buys private credit business from Natixis

Financial Times M&A

Private equity firm makes move into fast-growing direct lending market with acquisition of MV Credit

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Comment on County Assessors’ Standards | AVM Final Rule Guidance by Baggins

Appraisers Blog

In reply to JC. NAR settlement came and went for many appraisers. But for others it’s a real game changer. The delineation of which side you fall on has to do specifically with your states rules on concessions disclosures. Apparently CO updated some contract forms for a simple one, two, three option check box, clearly describing who’s paying fees on either side.

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Harbour boss warns windfall tax rise will hit oil investment at wrong time

Financial Times M&A

CEO of biggest UK North Sea producer says sector will be vital for decades as Wintershall deal completes

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SITE Centers Disposes of 11 Shopping Centers and Acquires 4

Benzinga

In a recent update, SITE Centers Corp. (NYSE: SITC ) has announced that from the beginning of the third quarter of 2024 through Aug. 29, 2024, it has sold 11 wholly-owned shopping centers for $552.7 million. This retail REIT also purchased four convenience properties for a gross price of $88 million. This included Crocker Commons in Cleveland, OH; Maple Corner in Nashville, TN; Village Plaza in Houston, TX; and Brookhaven Station in Atlanta, GA.

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Nestlé Board’s Surprise Move Taps Insider To Lead Company

Global Finance

In a surprise announcement, global food giant Nestlé has named 38-year company veteran Laurent Freixe as CEO, effective September 1, replacing outgoing Mark Schneider. The move reportedly came the day after a board meeting at which Schneider was asked to step down. “[This] is another sign that this is not a planned transition,” Bruno Monteyne, managing director and senior analyst with research firm Bernstein, told Reuters.

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Alibaba Subsidiary Takes Majority Stake in Ant Group's Bank Macao In Strategic Move to Enhance Digital Payment Services

Benzinga

Alibaba Group Holding (NYSE: BABA ) backed Hong Kong lottery firm AGTech Holdings snapped a majority stake at Ant Group’s digital unit Bank Macao for $30.26 million. Now AGTech owns a 51.5% stake in Bank Macao, SCMP reports. AGTech operates electronic payment services and consumer services from lottery to ticketing platforms. AGTech hopes to “enhance synergy” between the two companies’ digital payment and bank services and develop “distinctive cross-border financial

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Beyond the Deal: Post-Merger Integration Strategies for Sustained Success

Sun Acquisitions

In the world of mergers and acquisitions (M&A), closing a deal is the beginning of the journey toward success. While the deal-making process garners significant attention, the real challenge lies in seamlessly integrating two distinct entities to create a unified and thriving organization. Post-merger integration (PMI) is the critical phase where companies either realize the full potential of their merger or stumble into costly setbacks.

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5 Tips to Understand, Identify, and Reach Your Core Customer

Rhythm Systems

Imagine a world where your business understands and caters to your ideal customer's specific needs and desires. No more wasted resources poured into ineffective marketing efforts; instead, you have a laser focus on building a product or service that genuinely resonates with those you’re trying to reach. This is the power of understanding your core customer and a key to growing your business.