August, 2023

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The New Paradigm: A Toolkit For Balancing Conflicting Stakeholder Interests and Protecting Long-Term Business Value

Harvard Corporate Governance

Posted by Martin Lipton, Wachtell Lipton Rosen & Katz, on Wednesday, August 30, 2023 Editor's Note: Martin Lipton is a founding partner of Wachtell, Lipton, Rosen & Katz, specializing in mergers and acquisitions and matters affecting corporate policy and strategy. This post is based on a Wachtell Lipton memorandum by Mr. Lipton and Carmen X.

Equity 225
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Companies with innovative cultures have a big edge with generative AI

Mckinsey and Company

It may not be surprising that innovative organizations are ahead on generative AI, but the degree to which they’re succeeding at deploying it might be. Five practices help them stay ahead of the pack.

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VanMoof, Trendy E-Bike Brand, Bought Out of Bankruptcy by Scooter Maker

NYT M&A

Lavoie, which makes high-end scooters based on McLaren’s Formula 1 technology, acquired the trendy e-bike brand that had gained a zealous following.

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How to Stop Construction Change Orders From Slipping Through the Cracks

Redpath

Improperly tracked construction change orders can delay your accounts receivable, job schedule, and more. Read on to get your team ready for scope changes.

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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 Adopts Final Rules on Cybersecurity Disclosure

Harvard Corporate Governance

Posted by Cydney S. Posner, Cooley LLP, on Wednesday, August 9, 2023 Editor's Note: Cydney S. Posner is Special Counsel at Cooley LLP. This post is based on her Cooley memorandum. At an open meeting on Wednesday last week, the SEC voted, three to two, to adopt final rules on cybersecurity disclosure. In his statement at the open meeting, Commissioner Jaime Lizárraga shared the stunning statistics that, last year, 83% of companies experienced more than one data breach, with an average cost of

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Indian Summer: Q&A With CEO And Founding Partner Of Emphasis Ventures Melissa Frakman

Global Finance

Melissa Frakman, CEO and founding partner of Emphasis Ventures, a global early-stage venture capital firm that focuses on India, speaks with Global Finance about digital infrastructure and fintech trends in what some economists believe will soon be the world’s third largest economy.

Finance 98

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Stairway to digital excellence

Mckinsey and Company

Organizations that follow a progression of steps to achieve excellence in digital delivery may see improvements in effectiveness, productivity, and performance, as well as significant increases in speed.

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LaPorte Team Members Receive Both Women to Watch Awards from LCPA

LaPorte

The Society of Louisiana CPAs has selected the award winners for the Women to Watch awards, and this year, both recipients are from LaPorte! Director… The post LaPorte Team Members Receive Both Women to Watch Awards from LCPA first appeared on LaPorte.

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Redpath and Company Names Ryan Everhart as Firm's Managing Partner

Redpath

SAINT PAUL, MINNESOTA (AUGUST 29, 2023) — Redpath and Company (Redpath), one of the nation’s top 120 accounting and advisory firms, has named Ryan Everhart, CPA, as managing partner effective October 1, 2023.

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Voting Rationales

Harvard Corporate Governance

Posted by Roni Michaely (The University of Hong Kong), Silvina Rubio (University of Bristol Business School), and Irene Yi (University of Toronto), on Wednesday, August 23, 2023 Editor's Note: Roni Michaely is a Professor of Finance and Entrepreneurship at The University of Hong Kong, Silvina Rubio is an Assistant Professor of Finance at the University of Bristol, and Irene Yi is an Assistant Professor of Finance at the University of Toronto.

Finance 243
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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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Paypal Mints Stablecoin

Global Finance

Unlike are forms of cryptocurrency, stablecoins are typically backed by an asset or a basket of assets like gold or a traditional fiat currencies like the U.S. dollar or Euro.

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CEO KPIs: 23 Critical KPIs Every CEO Should Have on Their KPI Dashboard

Rhythm Systems

Having the right Key Performance Indicators (KPIs) on your CEO dashboard is very important to ensure you drive the right behaviors in your business, monitor the right results, and make the right adjustments to grow your business and hit your targets. I often get the question, particularly with new clients that do not have KPI dashboards established, “What KPIs should we be tracking?

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What is COP?

Mckinsey and Company

COP refers to the United Nations’ annual conference on climate change. Its 28th meeting (COP28) is scheduled to begin November 30, 2023, in Dubai, United Arab Emirates.

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Senators Request Review of Tax-Exempt Status of Hospitals

LaPorte

A bipartisan group of senators recently called for the IRS to investigate the tax-exempt status of nonprofit hospitals. What does this mean for hospitals, and… The post Senators Request Review of Tax-Exempt Status of Hospitals first appeared on LaPorte.

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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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Director Discusses Several Considerations Involved When Taking A Business Global

ThomsonReuters

Audio streaming and media services provider Spotify was founded in Stockholm, Sweden in the spring of 2006 and launched in the United States in 2011 after already solidifying a presence in the United Kingdom, Germany, France, Italy, Spain, Finland, and Norway. The company’s expansion continued rapidly with a global reach to 65 countries by March 2018 and further expansion to more than 80 markets in 2021, including locations across Africa, Asia, and the Caribbean.

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Do Activists Beat the Market?

Harvard Corporate Governance

Posted by Mary Ann Deignan, Rich Thomas, and Kathryn Night, Lazard, on Tuesday, August 1, 2023 Editor's Note: Mary Ann Deignan is Head of Capital Markets Advisory, and Rich Thomas and Kathryn Night are Managing Directors in the Capital Markets Advisory group at Lazard. This post is based on a Lazard memorandum by Ms. Deignan, Mr. Thomas, Ms. Night, Leah Friedman and Pavan Surabhi.

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Tech Startup Survival Guide: Raising Cash When Funding Dries Up

Lighter Capital

You’ve launched your startup, you have a solid leadership team, you have some incoming revenue, and the future looks promising. It feels like the right time to raise some cash. There’s a problem, though. Funding deals and deal values are a fraction of what they had been. When startup funding dries up , what do you do? Every founder must play the tricky game of timing, even when funding isn’t scarce.

Banking 98
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Cannabis, Psychedelics Use And Binge Drinking At All-Time High Among Adults, Teens Remain Stable, Fed Study Finds

Benzinga

Cannabis and psychedelics consumption continued on a long-term upward trajectory to reach all-time highs in 2022, according to a Monitoring the Future (MTF) study. Although teenage marijuana use showed a year-over-year decline per last summer’s survey. Past-year hallucinogen use reached a historically high prevalence among adults between 35 and 50.

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Corporate business building to unlock value in automotive connectivity

Mckinsey and Company

As players across the mobility ecosystem explore opportunities in automotive connectivity, dedicated business building is a powerful tool for capturing the full potential.

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The value of cyber insurance for health care providers

LaPorte

(authored by RSM US LLP) Health care organizations that fail to continuously monitor their cyber insurance coverage become at risk due to escalating security challenges. The post The value of cyber insurance for health care providers first appeared on LaPorte.

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What’s Spiking Sport Team Valuations? Q&A With Citi Head Of Sports Finance Ivo Voynov

Global Finance

Citi Private Bank has advised sports deals of all kinds for some 25 years. Ivo Voynov, who joined the firm in September from rival JPMorgan Chase & Co., talks to Global Finance about why the sector is attracting so much interest.

Finance 98
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Mega Grants: Why Would a Board Approve Nine-Figure CEO Pay?

Harvard Corporate Governance

Posted by Brian Tayan and David F. Larcker (Stanford University) , on Monday, August 7, 2023 Editor's Note: Brian Tayan is a researcher with the Corporate Governance Research Initiative and David F. Larcker is the James Irvin Miller Professor of Accounting, Emeritus, at Stanford Graduate School of Business. This post is based on their recent paper.

Equity 230
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How to Calculate and Improve SaaS Revenue Churn Rates

Lighter Capital

Revenue is the lifeblood of a SaaS business. Making strategic decisions requires knowing how much revenue your customers are bringing in, and even more importantly, how revenue is churning, or bleeding out of your business when customers cancel or don't renew their subscriptions. High revenue churn can suck the life out of your SaaS business, so it’s important to suss out issues early.

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Understanding depreciation and its impact on corporate tax

ThomsonReuters

Jump to: How does depreciation affect corporation taxes? Accelerated depreciation for corporations How does depreciation work in an S corporation? What is the purpose of making a provision for depreciation? What is the depreciation guidance for corporate alternative minimum tax? Managing corporate tax depreciation Each tax season, business clients turn to their accountant for assistance in navigating corporation tax depreciation and leveraging every tax deduction they can take to min

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CFOs’ balancing act: Juggling priorities to build resilience

Mckinsey and Company

As surveyed CFOs concurrently manage defensive and growth-oriented considerations, they expect major changes in the months ahead and see two pivotal paths for strengthening their organizations.

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Bumpy ride for billionaire brothers who banked on Asda’s success

The Guardian M&A

Blackburn’s Moshin and Zuber Issa took over the supermarket promising investment to make it the UK’s second-largest chain, but Covid and cost of living crisis meant it did not go to to plan When the billionaire Issa brothers parked up outside Asda’s Leeds headquarters in February 2021, they had just secured the keys to a business that seemed to present an incredible opportunity: a 600-stores-plus cash machine.

Banking 98
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Comment on AMC Hires a Convicted Felon as Property Data Collector by Baggins

Appraisers Blog

Attention. I have the cherry on top to this entire story. [link] Holy smokes! This is the cherry on top for the PAREA program as well as the PDC program. And you know, anyone with an ounce of pc and photoshop related skills can and do create similar documents at home for themselves, unbeknownst to anyone else, unless they are identified individually. _ The business advertised its products as theatrical props, educational tools and good material for playing a joke.

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ChatGPT and Corporate Policies

Harvard Corporate Governance

Posted by Baozhong Yang (Georgia State University), on Wednesday, August 9, 2023 Editor's Note: Baozhong Yang is an Associate Professor of Finance at Georgia State University. This post is based on a recent article by Professor Yang, Manish Jha , Assistant Professor of Finance at Georgia State University; Jialin Qian, PhD Candidate at Georgia State University; and Michael Weber , Associate Professor of Finance at the University of Chicago.

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Tilray Acquires 8 Beer Brands From Struggling Bud Light Parent Anheuser-Busch: Here's What It Means For Both Companies

Benzinga

Tilray Brands , Inc. (NASDAQ: TLRY ), a cannabis and consumer packaged goods company, announced it has entered into a definitive agreement to acquire eight beer and beverage brands from Anheuser-Busch (NYSE: BUD ). The acquisition places Tilray Brands as the 5 th largest craft beer business in the U.S., up from 9 th. In view of Bud Light’s recent controversy , parent company Anheuser-Busch seems to be delighted with the new situation.

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ISA 2024 Board of Directors Elections

ISA

8/6/2023 12:00:00 AM The voting period for filling the two annual vacancies on the ISA Board of Directors is now officially open. Eligible Members received an email on August 1st, 2023 with a link to the official ballot. Instructions on how to cast your ballot are in that email. If you can't find the link to your ballot, please contact us at isa@isa-appraisers.org.

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Refinery transactions: A window of opportunity?

Mckinsey and Company

There is a dichotomy in refinery ownership, with some players reducing their refining portfolios while others see the significant value potential in both the short- and long-term.

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Safeguard your legacy by avoiding these 8 estate planning pitfalls

LaPorte

(authored by RSM US LLP) Estate planning tips to help you avoid common pitfalls and safeguard your wealth and legacy. The post Safeguard your legacy by avoiding these 8 estate planning pitfalls first appeared on LaPorte.

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Accounting firm specialization: Unleashing the power of focused expertise

ThomsonReuters

In the rapidly evolving landscape of the tax and accounting industry, specialization has emerged as a solid differentiator, providing firms with a distinct competitive edge. As clients’ needs become more diverse and complex, offering cookie-cutter services is no longer sufficient. Instead, firms are embracing specialization to tailor their expertise and solutions to match the unique requirements of their target clients. 1.

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How to Increase Your Tech Startup's Valuation

Lighter Capital

If you’re a founder at an early stage SaaS startup, you’re always looking for ways to drive higher and higher company valuations, especially as you move from one round of funding to the next. At Lighter Capital, we don’t rely on valuations in our financing model, but we thought it would be useful to talk about valuations as they relate to SaaS companies, because they help founders manage their cash runway to achieve long-term sustainable growth.