November, 2024

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What Chief Sustainability Officers Are Thinking

Harvard Corporate Governance

Posted by Martha Carter, Kensey Biggs, and Heidi Park, Teneo, on Saturday, November 2, 2024 Editor's Note: Martha Carter is a Vice Chair and Head of Governance Advisory, Kensey Biggs is a Managing Director and Head of U.S. Corporate ESG, and Heidi Park is a Senior Associate at Teneo. This post is based on a Teneo memorandum by Ms. Carter, Ms. Biggs, Ms.

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Global Economics Intelligence executive summary, October 2024

Mckinsey and Company

Third-quarter GDP reports reveal a mixed global economy. China faces an economic slowdown; the United States sees growth; and the eurozone is stable. The IMF forecasts a slow but stable global trajectory into 2025.

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Trending Sources

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U.S. Plans to Propose Breakup of Google to Fix Search Monopoly

NYT M&A

In a landmark antitrust case, the government will ask a judge to force the company to sell its popular Chrome browser, people with knowledge of the matter said.

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Ricky Williams' Highsman Merges With Hemp Brand Frozen Fields

Benzinga

Highsman , the cannabis brand founded by former NFL running back and Heisman Trophy winner Ricky Williams , has merged with Frozen Fields , a North Carolina-based hemp company and its sister entity Abundant Labs. The merger establishes Top Seed Inc. as the parent company while maintaining the Highsman and Frozen Fields brand identities. Marijuana Meets Hemp: A Partnership For National Competition The consolidation, announced three years after Highsman's launch, seeks to enhance market reach

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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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How GenAI is transforming ESG reporting and compliance

ThomsonReuters

Highlights: Growing importance and data demands of ESG : The increasing significance of ESG compliance is overwhelming teams with expanding data demands and regulatory scrutiny. GenAI’s role in ESG management : GenAI is revolutionizing ESG management by automating tasks, accelerating data collection, and providing advanced data analysis. Use cases and benefits of GenAI in ESG : Real-world examples show GenAI’s essential role in meeting ESG obligations, ensuring long-term resilience

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Celebrating the Retirement of Three Esteemed Partners: Krista Showers, Scott Christ, and Brian Groff

Trout CPA

As we approach the end of 2024, Trout CPA is both honored and bittersweet as we announce the retirement of three of our respected partners: Krista Showers, Scott Christ, and Brian Groff. These leaders, each having left an indelible mark on our firm and the community, will be retiring on November 30, 2024. Together, they represent decades of dedication, expertise, and leadership.

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Digital twins: The key to unlocking end-to-end supply chain growth

Mckinsey and Company

Complexity, COVID-19, and competition have upended supply chain organizations. They can reignite revenue growth and deepen resilience by deploying AI-powered digital twins.

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The Onion Buys Alex Jones’s Infowars Out of Bankruptcy

NYT M&A

The satirical news site planned to turn Infowars into a parody of itself, mocking “weird internet personalities” who peddle conspiracy theories and health supplements.

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Deal Dispatch: Stoli On The Rocks As US Business Goes Bankrupt, Ally Financial To Sell Credit Card Unit

Benzinga

The U.S. division of Stoli Group hopes to get a deal under Chapter 11 bankruptcy protection. The company applied on Nov. 27 to the U.S. Bankruptcy Court in the Northern District of Texas. Stoli Group USA, based in New York, and Kentucky Owl American whiskey business plan to restructure all assets, valued up to $500 million. See below. Stoli Group USA Files Chapter 11 with Up to $500M in Assets, Affiliate Kentucky Owl Joins Restructuring BANKRUPTCY FILING ALERT 🚨 Stoli Group (USA), LLC Ch

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Yousef Khalawi Of AlBaraka Forum On Growth Of Islamic Finance

Global Finance

Global Finance spoke with Yousef Khalawi, secretary general of the AlBaraka Forum for Islamic Economy, about the role of Islamic finance and economics as a holistic and sustainable framework for all economies. Global Finance: Against a backdrop of rising debt, geopolitical and economic instability, how is the role of Islamic finance evolving to address emerging global challenges?

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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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Royal Mail fails to deliver about a quarter of first-class post on time

The Guardian M&A

Deterioration in delivery times adds further pressure on bosses just as takeover deal nears completion Business live – latest updates Royal Mail failed to deliver about a quarter of first-class post on time in recent months, marking a worsening in its recent delivery performance, when it is already under investigation for missing delivery targets. The company that owns Royal Mail, International Distribution Services (IDS), said about 76% of first-class mail arrived within one working day in the

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Shareholder Proposals on Nature: Resurgence and New Frameworks

Harvard Corporate Governance

Posted by Subodh Mishra, ISS STOXX, on Monday, November 25, 2024 Editor's Note: Subodh Mishra is Global Head of Communications at ISS STOXX. This post is based on an ISS-Corporate memorandum by Kosmas Papadopoulos, Head of Sustainability Advisory for the Americas at ISS-Corporate. Corporate impacts and dependencies related to nature have garnered considerable attention in recent years, with growing interest also reflected in shareholder proposal campaigns focused on nature-related issues.

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Harnessing AI to reshape consumer experiences in healthcare

Mckinsey and Company

AI-powered solutions can unlock insights from previously inaccessible data and enable consumer engagement and personalization at an unprecedented scale, in turn lifting healthcare business outcomes.

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Substack’s Bet on Politics Newsletters Leads to Subscriber Growth

NYT M&A

The newsletter start-up, which once drew an overture from Elon Musk, is betting on politics content and recruiting stars. But profits remain elusive.

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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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Which Software is Best for Annual Planning?

Rhythm Systems

Introduction Strategic annual planning is a critical process for businesses to set goals, allocate resources, and align team efforts. While many companies rely on the old fallback - flipchart paper and markers - utilizing a software tool can multiply the impact of your efforts by making it easier to both record & execute the strategy to ensure accountability for achieving the goals.

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Belfius: Setting the standard for service excellence for public-sector, business and corporate clients in Belgium

Global Finance

Global Finance: Can you discuss your leading role in providing cash management services for public entities? Claudia Kabbe: What sets Belfius apart in the Belgian market are our dedicated relationship managers who provide specialized solutions, such as cash advances. These are collection accounts specifically developed to collect various public taxes: The amount of the advance available is determined based on expected receipts, and enriched reporting data enables automatic reconciliation in publ

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Determining What Rises to the Level of an Internal Audit Observation

Internal Audit 360

GUEST BLOG POST D uring a recent audit, I encountered a conflict with a senior internal audit team member regarding the finalization of an audit observation. This team member was keen to incorporate insights from a market survey and customer feedback into our report, specifically calling out concerns over the company’s discount policy. While I recognized the insights provided, I had initially overlooked this particular finding, as it did not meet our criteria for an audit observation.

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Policy Survey 2024: ESG Issues

Harvard Corporate Governance

Posted by Dimitri Zagoroff, Glass, Lewis & Co., on Sunday, November 24, 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, Brianna Castro, Courteney Keatinge, Chris Rushton, Eric Shostal, and Maria Vu. This post provides an overview of a section of Glass Lewis’ 2024 Policy Survey, conducted to inform their annual “benchmark” policy guideline updates.

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How the best CEOs build lasting stakeholder relationships

Mckinsey and Company

By developing a compelling, proprietary narrative and a sustainable communications road map, leaders can foster deeper dialogues and more meaningful connections with a wide range of stakeholders.

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Comcast to Spin Off MSNBC, CNBC and Other Cable Networks

NYT M&A

The new publicly traded company is set to debut next year, with a bundle of channels that also includes Oxygen, E! and Syfy.

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Enhancing e-invoicing compliance and efficiency: A new ERP integration for corporate tax professionals

ThomsonReuters

← Blog home In today’s fast-paced global market, the shift towards digital solutions is not just a trend but a necessity. E-invoicing has emerged as a critical component in this digital transformation, offering businesses a streamlined approach to manage e-invoicing processes with increased accuracy and compliance. Recognizing the growing importance of e-invoicing, Thomson Reuters has expanded its partnership with Oracle to deliver a robust solution tailored for corporate tax professionals

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Banks Need a Digital Strategy to Manage the $84 Trillion Generational Wealth Transfer

Global Finance

This “Great Wealth Transfer” will impact millions of people around the world and could potentially open up exciting opportunities to reshape our financial systems and redistribute wealth to support both people and our planet. More immediately, however, this unprecedented transfer of wealth represents a major challenge for banks, particularly those who provide services to high-net-worth individuals.

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November Regulatory Update: CFPB Guidance Piles Up and Redlining Enforcement

N Contracts

It’s autumn and the leaves are falling – but they’ve got nothing on the fresh pile of paperwork from the CFPB. Meanwhile, the Justice Department is going gangbusters on redlining enforcement.

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Box Jumping: Portfolio Recompositions to Achieve Higher Morningstar Ratings

Harvard Corporate Governance

Posted by Lauren H. Cohen (Harvard Business School), David Sunghyo Kim (MIT), and Eric C. So (MIT), on Wednesday, November 6, 2024 Editor's Note: Lauren H. Cohen is the L. E. Simmons Professor of Business Administration at Harvard Business School, David Sunghyo Kim is a PhD student at MIT Sloan School of Management, and Eric C. So is the Sloan Distinguished Professor of Management at the MIT Sloan School of Management.

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Warning: Upgrade your personal operating model

Mckinsey and Company

Effective leaders continually adapt their priorities, roles, time, and energy practices to stay ahead of new realities. Here’s why you need to do the same.

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The Onion’s Bid to Buy Infowars, Alex Jones’s Site, Is Being Contested

NYT M&A

A hearing is scheduled for Monday to review the auction process, which is being contested by a losing bidder associated with Alex Jones, the Infowars founder.

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How to Conduct an Annual Planning Meeting

Rhythm Systems

Don’t Start the Year Without a Plan You wouldn’t spend money on a plane ticket without knowing the destination—so don’t budget for a new year of business without having a strategic execution plan!

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Tesla’s Solar ABS Deal Raises Standards In Financing Renewables

Global Finance

Tesla is setting new standards in renewable financing with its latest solar asset-backed securitization (ABS) deal, earning an unprecedented AAA rating. Fitch Analyst Hebbertt Soares notes that Tesla’s integrated business model, which bypasses traditional sales channels, may establish a blueprint for achieving top-tier credit ratings in a sector often limited by data and regulatory scrutiny.

Finance 105
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What Is Scaling in Business, and How Is It Different from Growth?

Lighter Capital

Two of entrepreneurs’ favorite topics are growing and scaling a business. The words are thrown around a lot, and the enthusiasm with which they’re used often exceeds the accuracy. Many people use these words interchangeably to describe a company that gets bigger, gobbles up more market share, and makes more and more money. But there’s a crucial difference between growing and scaling in business terms, and it’s important to speak precisely about kind of growth you have in mind and to convey what&

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SEC Enforcement Reminds Companies to be Careful What They Disclose on Social Media

Harvard Corporate Governance

Posted by Jeremy Barr, Katherine Kim, and Yunah Ko, Freshfields Bruckhaus Deringer LLP, on Wednesday, November 13, 2024 Editor's Note: Jeremy Barr is a Counsel and Katherine Kim and Yunah Ko are Associates at Freshfields Bruckhaus Deringer LLP. This post is based on a Freshfields memorandum by Mr. Barr, Ms. Kim, Ms. Ko, and Ginger Hervey. A recent enforcement action brought by the Securities and Exchange Commission (“SEC”) offers an important reminder for public companies, as well as their off

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Building AI trust: The key role of explainability

Mckinsey and Company

AI systems are powerful but often operate like “black boxes,” shrouded in mystery. Here’s how companies can shed some light and drive adoption of AI solutions that users trust and understand.

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Spirit Airlines Files for Bankruptcy

NYT M&A

The low-fare carrier has struggled to find its footing after its planned merger with JetBlue was blocked by a federal judge.

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

Appraisers Blog

In reply to Baggins. also — conveniently remove docs from appraiser profiles (i.e. “missing licenses, E&O, etc.”) to effectively remove them from assignment eligibility -> and has same censoring impact (versus having to legally explain why an appraiser was ‘removed’ from a panel… i.e. for doing their job correctly, disclosing, etc. vs “not playing ball” and being blamed for a loan not closing, delaying LO payout, etc.

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Exxon Mobil Sells $1 Billion in Permian Basin Assets to Focus on Shale: Report

Benzinga

In a bid to focus on evolving shale production, Exxon Mobil Corporation (NYSE: XOM ) reportedly disclosed a $1 billion major asset sale deal. According to Reuters, the oil and gas giant plans to divest its conventional oil drilling assets located in the Permian Basin of Texas and New Mexico. As per the report, the assets are estimated to produce around 26,000 barrels of oil equivalent per day.

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