Mon.Jan 22, 2024

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Navigating ESG Fatigue in Shareholder Voting

Harvard Corporate Governance

Posted by Matteo Tonello, The Conference Board, on Monday, January 22, 2024 Editor's Note: Normal 0 false false false EN-US X-NONE X-NONE Merel Spierings is Senior Researcher at The Conference Board ESG Center in New York. This post relates to a report authored by Ms. Spierings and based on disclosure data from Shareholder Voting Trends in the Russell 3000 and S&P 500: Live Dashboard , a live online dashboard published by The Conference Board and ESG data analytics firm ESGAUGE , in collabor

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Global Economics Intelligence executive summary, December 2023

Mckinsey and Company

2024 looks uncertain: inflation has come down but long-term interest rates remain high; retail sales are relatively stable; manufacturing continues to contract; geopolitical concerns are on the rise.

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Indexing and the Incorporation of Exogenous Information Shocks to Stock Prices

Harvard Corporate Governance

Posted by Randall Morck (Alberta School of Business) and M. Deniz Yavuz (Purdue University), on Monday, January 22, 2024 Editor's Note: Randall Morck is Jarislowsky Distinguished Chair and Distinguished University Professor at the University of Alberta, and M. Deniz Yavuz is Hanna Rising Star Associate Professor at Purdue University Krannert School of Management.

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Understanding the Tax Relief for American Families and Workers Act of 2024

ThomsonReuters

Jump to: Enhanced Child Tax Credit Business tax relief Support for small business Employee Retention Tax Credit (ERTC) Adjustments to 1099-MISC and 1099-NEC filing thresholds Support for affordable housing Empowering American families and businesses: The Tax Relief for a stronger future On January 19, 2024, the Ways and Means Committee made a significant bipartisan move by approving the Tax Relief for American Families and Workers Act of 2024.

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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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SEC enforcement against public companies – A recap of 2023

Harvard Corporate Governance

Posted by Robert A. Cohen and Fuad Rana, Davis Polk & Wardwell LLP, on Monday, January 22, 2024 Editor's Note: Robert A. Cohen is a Partner, and Fuad Rana is Counsel at Davis Polk & Wardwell LLP. This post is based on a Davis Polk memorandum by Mr. Cohen, Mr. Rana, John B. Meade , Ning Chiu , Martine M. Beamon , and Stefani Johnson Myrick. 2023 was an active year in public company enforcement by the U.S.

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Exxon Skirts SEC To Sue Shareholder Over Climate Proposal

Law 360 M&A

Exxon Mobil Corp. is suing activist investors trying to force a shareholder vote over the company's greenhouse gas emission targets, sidestepping the U.S. Securities and Exchange Commission by requesting that a Texas federal judge decide whether the activists' proposal amounts to unwarranted interference in the company's business operations.

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Akin Steers Credit Service Co. Intrum On $785M Portfolio Sale

Law 360 M&A

Swedish credit management services company Intrum has said it will sell a chunk of its investment portfolio to Cerberus Capital Management and raise 8.2 billion Swedish kronor ($785 million) to reduce its debt.

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How to create Professional Development plans [template]

JPAbusiness

Staff professional development (PD) needs are best identified through a formal performance management and evaluation process. I recommend owners/managers sit down with their staff members once every 12 months , as part of their annual performance review process, and develop a PD plan jointly, with each individual. This review process will identify where already skilled employees need information to support their growth to gain more advanced knowledge, and further develop their own business and l

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Accelerating clinical trials to improve biopharma R&D productivity

Mckinsey and Company

Biopharma sponsors are seeking to accelerate clinical trials and reduce costs through a set of targeted actions aimed at improving patient and site engagement and enrollment productivity.

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Comment on False Claims of Racism Against Appraiser by Mary Cummins

Appraisers Blog

I blame this on the pervasive false narrative of the “racist appraiser.” Because of all those false media articles all appraisers are now assumed “racist” before they even accept an appraisal assignment. What’s ironic is if the homeowner had gotten the over market value they wanted, the appraiser would magically not be “racist.” The thing is a reviewer probably would have caught the over market value.

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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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Now is the time to create new corporate ventures: A conversation with McKinsey’s Paul Jenkins

Mckinsey and Company

The global coleader of Leap by McKinsey discusses the firm’s latest global survey, which finds that business leaders and investors are bullish on building new businesses.

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Managing Fourth-Party Risk: What You Need to Know

N Contracts

What is fourth-party vendor risk and how do you protect your bank, credit union or other financial institution from it? Build a strong vendor management program.

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Are you an innovative grower?

Mckinsey and Company

The best companies don’t just outgrow their competitors—they out-innovate them as well. Here’s why innovative growth matters.

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Comment on False Claims of Racism Against Appraiser by Baggins

Appraisers Blog

In reply to Frustrated appraiser. TAF gave money to lawyer firms whom were pursuing complaints against appraisers, on recommendation from Brookings, after headmaster Bunton having stopped by the institute for drinks, snacks, and to watch documentary videos about racist appraisal practices. Thanks for playing. Better luck next time.

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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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Lessons From Country Singer's Personal Service Saga

Law 360 M&A

Recent reports that country singer Luke Combs won a judgment against a Florida woman who didn’t receive notice of the suit should serve as a reminder for attorneys on best practices for effectuating service by electronic means, say attorneys at Jenner & Block.

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Comment on False Claims of Racism Against Appraiser by Angela

Appraisers Blog

It is a story of false claims, and the damaging effects of a homeowner's actions on an appraiser's career, business, and health.

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Energy Company Sunoco Announces Acquisition of NuStar Energy

Benzinga

Sunoco (NYSE: SUN ) has announced an acquisition of NuStar Energy (NYSE: NS ) that is expected to be completed in Q2 of 2024. Under the terms of the agreement, Sunoco has agreed to give NuStar Energy $7.30 billion in stock in exchange for NS stock. About The Companies Involved Sunoco LP engages in the business of manufacturing and marketing racing fuels which is the official fuel of NASCAR. is a growth-oriented master limited partnership (MLP) that operates as a wholesale and retail fuel distrib

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Comment on False Claims of Racism Against Appraiser by Maria

Appraisers Blog

It is a story of false claims, and the damaging effects of a homeowner's actions on an appraiser's career, business, and health.

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Department Store Chain Macy's Rejects $5.8B Takeover Proposal Bid Over Financing Concerns

Benzinga

Sunday, Macy’s Inc (NYSE: M ) confirmed receiving an unsolicited, non-binding proposal from Arkhouse Management Co LP and Brigade Capital Management LP to acquire the company at $21.00 per share. In light of the Board’s concerns and the lack of compelling value in their non-binding proposal, the Board has determined not to enter into a non-disclosure agreement or provide any due diligence information to Arkhouse and Brigade. “Following careful consideration and efforts to gathe

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Comment on False Claims of Racism Against Appraiser by SW

Appraisers Blog

If this is the case that is located in Indiana – I do have an attorney to recommend. Her name is Ellen Townsend 317-508-7073. She has dealt with discrimination cases like this. I used her when a home owner didn’t like my value and decided to file a complaint and I was vindicated in the end. God bless you on this journey and I hope that justice is served.

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Benchmark International Successfully Facilitated the Transaction Between Insight Vision and The HEICO Companies.

Benchmark Report

Insight Vision's product lines include sewer inspection push rod camera systems and mainline sewer inspection crawler systems. Insight Vision also offers in-house service, repair, and aftermarket support. Their money-saving modular camera design, knowledgeable factory technicians, and industry-leading service times help the company stand out from their competitors.

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Comment on False Claims of Racism Against Appraiser by Baggins

Appraisers Blog

In reply to Brian. That approach is a little tricky and possibly subjective though, even before anything ‘bias’ comes into play. In each state there are a myriad of factors which play into mill levies, and assessed values. In some states taxation will seem unreasonably low, and that could be tied to senior rate tax relief programs. Not sure if that plays into assessors figures but on a state by state basis, might be a possibility.

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Selling Your Business in Uncertain Times: Strategies for Navigating the Current Economic Landscape

Sun Acquisitions

In the ever-changing world of business, uncertainty has become a constant companion. Economic downturns, market disruptions, and unforeseen global events can all throw a wrench into even the most well-laid plans. For business owners looking to sell their companies, these uncertain times can add more complexity to a significant decision. However, with the right strategies in place, navigating the current economic landscape while selling your business is possible and can be successful. 1.

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Comment on False Claims of Racism Against Appraiser by Mr. Assessor

Appraisers Blog

In reply to Jeffrey. No. Wrong. Telling the homeowner what the assessor taxable value is public information and not an appraisal. Its also not a violation of USPAP and nobody was asleep reading your nonsense. Its also not a violation of USPAP to tell the homeowner to read their tax bill which is what he actually said. Stop being a butt head!

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Let’s Talk About Dilution

Farrel Fritz

When a closely-held business is profitable, self-interested owners naturally want a bigger slice of the pie, especially where the personal relationships among the owners are frayed. Perhaps that’s why we often discuss the value of freeze-out mergers as a mechanism for those in control of a closely-held corporation or limited liability company to squeeze a minority owner out of the business’ future profits.

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Comment on False Claims of Racism Against Appraiser by Brian

Appraisers Blog

thats when you give the homeowner/lender the assessed value the town has come up with and look up what other AMVs give as the market value – and most of the time the value from the assessors is lower – so it should be asked why didnt they go to the assessors office and say they undervalued the property – if they say the OMV is low – i do that with anyone that calls and asks – can not be upset if you think the value is X and then want to pay your taxes on X value 

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Weil Helps Sanofi Buy Rare Diseases Co. For Up To $2.2B

Law 360 M&A

French healthcare giant Sanofi SA said Tuesday that it will buy a U.S. company that creates therapies for so-called orphan diseases for approximately $2.2 billion in cash as it seeks to expand its rare diseases products.

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Comment on False Claims of Racism Against Appraiser by Angela

Appraisers Blog

In reply to Jeffrey. I have done the same when the homeowner complained my value was to high. My recollection is that my estimated market value was almost $100,000 more than his assesed value. I shared the fact with the lender that the homeowner had appealed his real estate taxes for the past five years and it can’t be both.

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Tyson Minimized Deal's Pet Food Impacts To DOJ, Court Told

Law 360 M&A

A poultry rendering company suing Tyson Foods for allegedly kneecapping the firm to force a dramatically undervalued buyout said that Tyson intentionally tried to "minimize" pricing impacts in justifying the deal to antitrust enforcers.

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Comment on False Claims of Racism Against Appraiser by DGK

Appraisers Blog

Can’t tell if the LGBT bias claim was for or against the issue, but I am reminded about the lenders / AMCs that have asked me to remove / blur / avoid any item, furnishing, photo, magazine, etc. that would suggest or indicate sexual preference (along with religious, black cats, etc), and where that leaves the appraiser submitting a finished “complete” appraisal, especially with named users other than the original client, when they get a report with half the photos blurred out a

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Electric Car SPAC Suit Still Has Charge, Chancery Says

Law 360 M&A

The Delaware Court of Chancery on Monday denied requests from the co-founders of a now-bankrupt maker of electric vehicles to dismiss a shareholder lawsuit accusing the executives of providing inaccurate information to investors when their business merged with a special purpose acquisition company.

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Comment on False Claims of Racism Against Appraiser by Joseph

Appraisers Blog

It’s gotten so “woke” that as appraisers we can’t even turn down assignments in certain neighborhoods for fear of being accused of “bias”…my work around is my schedule…I’m booked out for 3 weeks, when would you want me to do it?

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Colo. Hotel Owners Stymied Property Sale, Investor Says

Law 360 M&A

The estate of a Colorado hotel investor has said the CFO and president of the hotel have prevented the sale of the property since 2021 and obtained mortgages on the hotel for their own benefit.

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Comment on False Claims of Racism Against Appraiser by ej

Appraisers Blog

Appraisers need to sue for financial damages. This needs to include organizations like the GSEs, the Appraisal Institute, and TAF. They all need to be held responsible.