January, 2024

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Comment on Class Valuation Requests for Proposals by Raymond

Appraisers Blog

Interesting… I have never done work for Class(or any amc) and its been probably 4 or 5 years since I received a email from Class this morning. Its for a 3,100 sq ft home with probably a value of $1.5++. Plus, they say its a RUSH order…LOL. We are reaching out today because we have an order that is a rush or possibly more complex or rural assignment.

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Seven Key Trends in ESG for 2023—and What to Expect in 2024

Harvard Corporate Governance

Posted by Leah Malone and Emily Holland, Simpson Thacher & Bartlett LLP, on Sunday, January 14, 2024 Editor's Note: Leah Malone is a Partner and Leader of ESG and Sustainability Practice and Emily Holland is a Counsel at Simpson Thacher & Bartlett LLP. This post is based on a Simpson memorandum by Ms. Malone, Ms. Holland, Matt Feehily , May Mansour , and Alicia Washington.

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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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Poison Bonds

Harvard Corporate Governance

Posted by Rex Wang Renjie (Vrije Universiteit Amsterdam) and Shuo Xia (Halle Institute for Economic Research), on Thursday, January 18, 2024 Editor's Note: Rex Wang Renjie is an Assistant Professor of Finance at the Vrije Universiteit Amsterdam and Tinbergen Institute; and Shuo Xia is an Assistant Professor of Finance at Halle Institute for Economic Research and Leipzig University.

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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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New edition of the International Valuation Standards (IVS) published

IVSC

Latest edition of the International Valuation Standards (IVS) published The International Valuation Standards (IVS) are globally recognised, principles-based standards that form the foundation of valuation for all assets and liabilities. Developed by the International Valuation Standards Council (IVSC) and utilised by professionals in over 100 countries, IVS play a crucial role in enhancing the quality, comparability, and transparency of valuations.

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Sports Illustrated Thrown Into Chaos With Mass Layoffs

NYT M&A

The company’s owner has been plunged into a maelstrom in recent weeks as its senior executives have been forced out.

More Trending

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The School Bell Rings: Time for Class!

Musings on Markets

Continuing an annual ritual of long standing, ahead of starting my spring teaching at NYU starting in a couple of weeks, I would like to invite you, if you are interested, to come along for the ride. I know! I know! Most of you are not enrolled at NYU, paying nosebleed prices, and that is prerequisite to be in the classroom, but thanks to technology and a loose reading of the rules that constrain me, you can get a close approximation of the classroom experience, wherever you are in the world, wi

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Accelerating Europe: Competitiveness for a new era

Mckinsey and Company

Turbulent times have highlighted new fragilities in Europe’s economies. Addressing them could be the catalyst for a new wave of competitiveness and growth.

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ESG Performance Metrics in Executive Pay

Harvard Corporate Governance

Posted by Matteo Tonello, The Conference Board, on Monday, January 15, 2024 Editor's Note: Matteo Tonello is Managing Director of ESG Research at The Conference Board ESG Center in New York. This post is based on Normal 0 false false false EN-US X-NONE X-NONE CEO and Executive Compensation Practices 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 collaboration with compensation consulting fir

Equity 289
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Future of Valuations: The Impact of ESG – An Open Conversation

IVSC

In an era where sustainable practices are not just ethical imperatives but crucial valuation determinants, “ Future of Valuations: The Impact Of ESG ” offers an insightful exploration of the impact of Environmental, Social, and Governance (ESG) factors on asset valuation. This comprehensive report is derived from the insights of a seminal roundtable discussion by expert professionals to reflect on the ever-growing significance of ESG factors in the valuation landscape, emphasising th

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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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Boeing’s Problems Started Long Before the Alaska Airlines Mishap

NYT M&A

The aircraft company is paying the price for a shift in its corporate culture made decades ago.

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Robert “Bob” Kleeman Dies

BVR

Robert “Bob” Kleeman, CPA/ABV, ASA, a longtime member of the business valuation community, passed away on Saturday evening, Jan. 13, 2024.

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Ncontracts Selected as ICBA Preferred Service Provider for Vendor, Risk, and Compliance Management

N Contracts

BRENTWOOD, Tenn., January 30, 2024 - The Independent Community Bankers of America (ICBA) today announced that Ncontracts has been selected as its newest Preferred Service Provider (PSP). Ncontracts, which provides integrated vendor, risk, and compliance management solutions, helps community banks confidently manage their enterprise risk and vendor management workload.

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What is fintech?

Mckinsey and Company

Fintechs are companies that rely primarily on technology and cloud services—and less so on physical locations—to provide financial services to customers.

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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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Thoughts for Boards: Key Issues in Corporate Governance for 2024

Harvard Corporate Governance

Posted by Martin Lipton, Wachtell, Lipton, Rosen & Katz, on Wednesday, January 3, 2024 Editor's Note: Martin Lipton is a Partner at Wachtell, Lipton, Rosen & Katz. This post is based on a Wachtell memorandum by Mr. Lipton, Steven A. Rosenblum , Karessa L. Cain , and Carmen X. W. Lu. Over the past year, expectations for directors have continued to evolve, bringing new challenges and responsibilities to the boardroom.

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The Asian Development Bank joins IVSC as a member

IVSC

The Asian Development Bank (ADB) has joined the IVSC as an Institutional Member organisation, marking an important step towards enhancing transparency and accountability in the financial and development sectors. This new association aligns with ADB’s commitment to sustainable and ethical development practices. The Asian Development Bank (ADB), headquartered in Mandaluyong, Metro Manila, Philippines, is a key player among global development banks, focusing on economic and social progress in Asi

Banking 130
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Judge Blocks JetBlue From Acquiring Spirit Airlines

NYT M&A

The ruling is a victory for the Justice Department, which had argued that the merger would reduce competition.

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Preview: Business Valuation Update Yearbook 2024

BVR

The year 2023 was defined by unexpected economic events, new valuation conferences, and more. To kick off a new year, BVR has just released the Business Valuation Update Yearbook, 2024 edition, with 404 pages of the biggest events in valuation from the last year.

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Tax-Favored Qualified Small Business Corporation Status Could Help You Thrive

Machen McChesney

Machen McChesney provides small businesses with two strong incentives to operate as a Qualified Small Business Corporation (QSBC).

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Ten unsung digital and AI ideas shaping business

Mckinsey and Company

Keeping your eye on where value comes from is still the name of the game.

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Is Degrowth the Next Step in Stakeholder Governance?

Harvard Corporate Governance

Posted by Matt Orsagh, RISE Sustainable Investment Consultancy, on Wednesday, January 24, 2024 Editor's Note: Matt Orsagh is Co-Founder and Head of Americas at RISE Sustainable Investment Consultancy and Chief Content Officer at ED4S Academy. This post is based on his RISE memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

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It’s Time to Assess the Classification of Your Independent Contractors

Redpath

January 16, 2023 – The U.S. Department of Labor (DOL) recently issued a final rule, effective March 11, 2024, that reshapes its guidance on distinguishing between employees and independent contractors under the Fair Labor Standards Act (FLSA). This update replaces the 2021 Independent Contractor rule and introduces an analysis that is more aligned with longstanding judicial precedent.

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The Baltimore Sun’s New Owner Has the Newsroom on Edge

NYT M&A

The news that David D. Smith, the executive chairman of the conservative Sinclair Broadcast Group, had bought The Sun has generated alarm inside and outside the newsroom.

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Sale of UK assets to world’s largest money manager means huge payday for bankers

The Guardian M&A

Global Infrastructure Partners, whose portfolio includes Gatwick, sold to BlackRock in $12.5bn deal From the humble luggage tray to filters that mask smells at sewage plants, the sale of some of Britain’s most pedestrian assets to the world’s largest money manager is to bring a multimillion-dollar payday to a small clutch of little-known bankers. Global Infrastructure Partners (GIP), which boasts a $100bn (£79bn) collection of companies including Gatwick airport and the Suez wastewater group, ha

Equity 111
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The Growth Equity Case Study: Real-Life Example and Tutorial

Brian DeChesare

Let’s start with the elephant in the room: yes, we’ve covered the growth equity case study before, but I’m doing it again because I don’t think the previous examples were great. They over-complicated the financial model (e.g., minutiae about issues like OID for debt issuances ) and did not accurately represent a 1- or 2-hour case study. So, you can think of this example and tutorial as “Growth Equity Case Study: The Final Form.

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The shape of talent in 2023 and 2024

Mckinsey and Company

If 2023 was the year of the manager and the launchpad for generative AI, what will 2024 bring for talent leaders?

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Activist Investor Board Recruiting De-Mystified

Harvard Corporate Governance

Posted by Patricia Lenkov, Agility Executive Search, on Wednesday, January 10, 2024 Editor's Note: Patricia Lenkov is Founder and President at Agility Executive Search. This post is based on her Agility Executive Search memorandum. Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism (discussed on the Forum here ) by Lucian A.

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Canada to Implement Portal to Manage Taxes and Duties on Imports

Redpath

January 25, 2024 - Canada is in the process of implementing a new client portal that will allow companies to interact and share data with Canada Border Services Agency (CBSA). This portal, developed as part of the CBSA Assessment and Revenue Management (CARM) digital initiative, will be used to facilitate all taxes and duties with CBSA, along with providing additional accounting functions and payment processing.

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Private Equity Is Starting to Share With Workers, Without Taking a Financial Hit

NYT M&A

The buyout giant KKR pioneered a model of granting ownership stakes to employees at portfolio companies. Now it wants the approach to spread.

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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.

Start-ups 105
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Barb Sanborn Transitions to Multi-State Sales & Use Tax Senior Associate

Trout CPA

Trout CPA is excited to announce that Barb Sanborn is transitioning to a new role within our firm as a Multi-State Sales & Use Tax Senior Associate.

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Generative AI in operations: Capturing the value

Mckinsey and Company

Uncover the transformative power of generative AI within the operations value chain—shaping C-suite discussions across industries.

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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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New Requirement to Cover Long-Term Part-Time Employees in 401(k) Plans Enters into Effect.

Machen McChesney

The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act of 2019) and the SECURE 2.0 Act of 2022 (collectively, SECURE) enacted a new mandate that, starting in 2024, long-term, part-time (LTPT) employees must be allowed to make salary deferrals into their employer’s 401(k) plan.

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