Thu.Nov 30, 2023

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When Bill Rolls Off: Continuity and Change on Corporate Boards

Harvard Corporate Governance

Posted by Peter Cziraki (Texas A&M University) and Adriana Robertson (University of Chicago), on Thursday, November 30, 2023 Editor's Note: Peter Cziraki is the Assistant Professor of Finance at Texas A&M University and Adriana Robertson is the Donald N. Pritzker Professor of Business Law at the University of Chicago Law School. This post is based on their recent paper.

Finance 228
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In Memory of Alistair Darling, IVSC Chair 2019-2023

IVSC

Alistair Darling Chair of the IVSC Board of Trustees, 2019-2023 It is with profound sorrow that we announce the passing of Alistair Darling, Chair of the International Valuation Standards Council Board of Trustees (IVSC). Alistair assumed the role of Chair in 2019, following a long and illustrious career in public service, notably serving as the Chancellor of the Exchequer in the United Kingdom between 2007 and 2010.

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Trending Sources

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Which ESG proposals won the favor of investors?

Harvard Corporate Governance

Posted by Miles Rogerson, Diligent Market Intelligence, on Thursday, November 30, 2023 Editor's Note: Miles Rogerson is a Financial Journalist at Diligent Market Intelligence. This post is based on his Diligent memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ); Does Enlightened Shareholder Value Add Value?

Equity 187
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Getting ahead in the cloud

Mckinsey and Company

There is $3 trillion worth of business value at stake for companies that successfully use cloud technology—yet many are still in a fog. Here’s a clear path toward cloud adoption.

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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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Best Practices for Out-of-State Mortgage Lending

N Contracts

Mortgage Company Best Practices for Lending Outside Your State Following the 2008 financial collapse, Dodd-Frank granted the newly formed Consumer Financial Protection Bureau (CFPB) enforcement authority over mortgage lending at the federal level.

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Waste not: Unlocking the potential of waste heat recovery

Mckinsey and Company

Waste heat recovery can help industrial companies curb emissions, but this potential is largely untapped. Now is the time to turn waste heat into profit.

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More Trending

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Merriam-Webster’s word of the year and your client service strategy

ThomsonReuters

Jump to: What does “authentic” mean? How can embracing authenticity guide your firm’s client service initiatives? Making authenticity a priority in your client service strategy Earlier this week, Merriam-Webster announced its word of the year for 2023. The winner? Authentic. An NPR article on the announcement raises a number of interesting points on why “authentic” became popular this year.

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How to Put ‘Community’ Back in the Mission of Community Hospitals

NYT M&A

Nonprofit hospitals are behaving in ways that seem to focus more on dollars than patients.

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Wachtell Lipton Guiding AbbVie On $10.1B ImmunoGen Buy

Law 360 M&A

AbbVie Inc. said Thursday it has agreed to buy cancer drugmaker ImmunoGen Inc. at a total equity value of approximately $10.1 billion, with representation from Wachtell Lipton Rosen & Katz, sending the stock soaring 80% in pre-market trading Thursday.

Equity 92
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How businesses can enable sustainable, inclusive growth

Mckinsey and Company

Kweilin Ellingrud, senior partner and McKinsey Global Institute director, discusses the role businesses can play to contribute to sustainable and inclusive growth.

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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 Another ‘Bad’ Word to Avoid! by Realist

Appraisers Blog

In reply to Bill Johnson. Stop working for AMC and lenders – NOW If you are naïve enough to accept the assignment make sure you add at least a 1 or 2 in front of the $225 – in all seriousness. Make sure they also understand there is an additional $200+ per hour fee for court prep time, court appearance, commute time, related expenses and etc.

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Forging a new era for Asia

Mckinsey and Company

Asia is at a crossroads—today’s cluster of disruptions have the region at the epicenter. Senior partner and Asia Chairman, Gautam Kumra, discusses its implications on businesses in Asia and beyond.

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Comment on New URAR Redesign Spec Released by Pat Turner

Appraisers Blog

The new URAR & UAD redesign spec has been released. This redesign requires significantly more data gathering than before.

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What does it take to be a great CEO?

Mckinsey and Company

Joydeep Sengupta, senior partner in McKinsey’s Singapore office, shares more on which changes to the global business environment have most affected CEO priorities.

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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 New URAR Redesign Spec Released by BRIAN

Appraisers Blog

in the cert #24 – Any person or entity who receives this appraisal report in accordance with the foregoing may choose to store, copy, reproduce, analyze, use and distribute this appraisal report in whole or in part in any format for internal or external purposes without having to obtain the appraiser’s or supervisory appraiser’s (if applicable) consent.

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Impacts of climate change on Black populations in the United States

Mckinsey and Company

Explore how extreme weather can put the prospect of Black livelihood, well-being, and socioeconomic mobility at greater risk.

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Comment on New URAR Redesign Spec Released by Eric Kretz

Appraisers Blog

In reply to BRIAN. When the new 1004 form rolls out, I’m out. I will not have every clown in the circus coming after me and my E&O if they dont like anything about the report. I have specific language in my addendums that explain who is and who isn’t the client, which has bailed me out a few times over the years with realtors and others: “Regardless of the means of possession of the report, this appraisal may not be used or relied upon for any use other than the stated use,

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How can Korea update its economic model for continued growth?

Mckinsey and Company

Seungheon Song, managing partner of McKinsey’s Korea office, elaborates on the opportunities Korean companies have to propel their country’s economy forward.

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ImmunoGen's Flagship Cancer Therapy Draws AbbVie's Attention With $10.1B Deal

Benzinga

AbbVie Inc (NYSE: ABBV ) has agreed to acquire ImmunoGen Inc (NASDAQ: IMGN ) and its flagship cancer therapy Elahere (mirvetuximab soravtansine-gynx), a first-in-class antibody-drug conjugate (ADC) approved for platinum-resistant ovarian cancer. In September, when JP Morgan upgraded ImmunoGen from Neutral to Overweight with a price target of $22, up from $9, the analyst noted that the company is well-positioned and potentially appealing as a "bolt-on" target for mergers and acquisition

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How will Asia’s changing demographics impact societies and healthcare?

Mckinsey and Company

Jin Wang, senior partner in McKinsey’s Shenzhen office, shares more on the opportunities that lie in building a more inclusive workforce.

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UK to probe Abu Dhabi-backed bid for Telegraph group

Financial Times M&A

Regulators to investigate RedBird IMI’s debt for equity deal, but not its repayment of bank loans owed by the Barclay family

Banking 95
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What are the challenges facing Korea today?

Mckinsey and Company

Richard Lee, senior partner in McKinsey’s Seoul office, talks us through the opportunities Korea has to achieve its next S-curve.

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Comment on New URAR Redesign Spec Released by Baggins

Appraisers Blog

In reply to BRIAN. Just only gets worse. Great find. These private companies operating under some quasi governmental authority have clearly gone too far.

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Listing Your Business for Sale: How to Attract Potential Buyers

Sun Acquisitions

Listing your business for sale is a significant milestone that requires strategic planning and execution. Attracting potential buyers is crucial to ensure a successful and profitable transaction. In today’s digital age, leveraging online platforms and effective marketing techniques can significantly enhance your business’s visibility and attract the right audience.

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Brown Rudnick Adds Tax Partner To DC Office

Law 360 M&A

Brown Rudnick has added a partner to the firm's tax practice in Washington, D.C., who will specialize in tax planning in addition to mergers and acquisitions, according to the firm.

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Health Care Company AbbVie Announces Acquisition of Immunogen

Benzinga

AbbVie (NYSE: ABBV ) has announced an acquisition of Immunogen (NASDAQ: IMGN ) that is expected to be completed 2024-H1. Under the terms of the agreement, AbbVie has agreed to give Immunogen $10.10 billion in cash in exchange for IMGN stock. About The Companies Involved AbbVie is a pharmaceutical firm with a strong exposure to immunology and oncology.

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Comment on New URAR Redesign Spec Released by Seneca

Appraisers Blog

The new URAR & UAD redesign spec has been released. This redesign requires significantly more data gathering than before.

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Vista Outdoor Rejects Colt CZ Group's $30 Per Share Offer: Here's Why

Benzinga

Outdoor sports and recreation products maker Vista Outdoor Inc (NYSE: VSTO ) Board of Directors has rejected the unsolicited proposal received on November 22, 2023, from Colt CZ Group SE. The decision comes after the Board’s consultation with its financial and legal advisors. Colt CZ Group’s unsolicited proposal involved the combination with Vista Outdoor in a cash.

Equity 59
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Norfolk Southern Asks Justices To Undo STB Immunity Ruling

Law 360 M&A

Norfolk Southern Railway Co. has petitioned the U.S. Supreme Court seeking review of a Surface Transportation Board opinion that found the rail giant lacks authority to control a Virginia railway and, therefore, has no immunity against antitrust claims, telling the justices a D.C. Circuit panel concocted its own reasoning for upholding the federal agency's "prior authorization" rule.

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Parris & Crews Attending the Mississippi Tax Institute

Auto Dealer Valuation Insights

Lucas Parris, CFA, ASA-BV/IA and John T. (Tripp) Crews, III are attending the 2023 Mississippi Tax Institute in Flowood, Mississippi, held on December 11–12, 2023. Lucas Parris is a senior vice president at Mercer Capital Lucas has valuation experience in engagements related to corporate planning and reorganizations, fairness opinions, litigation support, employee stock ownership plans.

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Stockholders Tell Del. Chancellor $69B Activision Deal Void

Law 360 M&A

Attorneys for Activision Blizzard shareholders told Delaware's chancellor Thursday that the company's now-closed, $68.7 billion sale to Microsoft should be deemed void by the court, based on multiple board and company breaches of merger-and-acquisition mandates for state-chartered corporations.

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Return to Status Quo or a New Normal?

Auto Dealer Valuation Insights

Consumers are typically faced with two options when considering their next vehicle transaction at the dealership: buying an automobile or leasing one. Leasing a vehicle has historically been a popular option for nearly one-third of drivers, as leases typically offer lower monthly payments and the opportunity to drive a vehicle that otherwise might be out of their price range.

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Judge Grants ArcSoft Investors Partial Win Ahead Of Trial

Law 360 M&A

A California federal judge gave a partial win on Thursday to investors of photo and video imaging software development company ArcSoft Inc. in their case alleging the company's executives withheld and misrepresented key information when soliciting approval for a buyout at a price far below fair value.

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Navigate the Business Buying Process with These Steps

Hallmark Brokers

The entrepreneurship landscape constantly evolves, presenting unique opportunities for those venturing into business ownership. However, the journey can be complex and challenging for first-time business buyers. Strategic planning becomes paramount in navigating the acquisition process successfully. Here are the key steps that all first-time business buyers should consider to ensure a well-informed and smooth transition.

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