January, 2024

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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.

Finance 289
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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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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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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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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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What to expect in US healthcare in 2024 and beyond

Mckinsey and Company

A new perspective on how technology, transformation efforts, and other changes have affected payers, health systems, healthcare services and technology, and pharmacy services.

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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 295
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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.

Equity 105
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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.

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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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Short-Term vs. Long-Term Rentals - A Financial and Tax Perspective

Trout CPA

Written by Randall Weaver, CPA & Adam Siviter In the ever-evolving realm of real estate, opting for either short-term or long-term rentals transcends mere convenience; it represents a choice with substantial implications for your financial strategy. At Trout CPA, we acknowledge the intricate nature of this decision and strive to offer a holistic viewpoint that encompasses the frequently underestimated dimension of taxation.

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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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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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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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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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How to Raise a Series A Round

Lighter Capital

There comes a time in a startup's journey to success when entrepreneurs need to raise their first round of growth capital. When you first had that great idea, you may have raised money from friends and family or seed capital from angel investors to get your startup off the ground. What's next? Well, of course, it depends. Let’s make some assumptions on where you might be at this point, and then think about when and how you might want to raise a series A round to really grow your business.

Start-ups 105
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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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January 2024 Regulatory Brief: Section 1071, enforcement actions plus final rules and guidance

N Contracts

The regulatory agencies – especially the Consumer Financial Protection Bureau (CFPB) – finished 2023 strong with a variety of enforcement actions, lawsuits, reports, final rules, and guidance.

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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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Autonomous vehicles moving forward: Perspectives from industry leaders

Mckinsey and Company

McKinsey’s 2023 global executive survey on autonomous driving reveals that despite recent uncertainties, the autonomous-vehicle industry is beginning to take shape.

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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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Paramount, Skydance Reportedly In Merger Discussions

Benzinga

As media companies scramble to reduce costs and increase profitability, a new potential suitor has emerged with interest in buying Paramount Global (NASDAQ: PARA )(NASDAQ: PARAA ) parent-company National Amusements. What Happened: According to a report from the Wall Street Journal, Skydance Media CEO David Ellison and other Skydance investors are discussing an all-cash bid for a majority stake in Paramount’s parent company, National Amusements.

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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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TPRM 101: What Is Third-Party Vendor Contract Management?

N Contracts

The average community bank or credit union has between 400 and 600 vendor agreements. That’s a lot of contracts to manage. Without a standardized and centralized approach to contract management, there’s no way for a financial institution to truly understand its third-party risk or the controls available to manage it.

Banking 101
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Investors raise billions to buy discounted stakes in start-ups

Financial Times M&A

Buyers return after secondary market for private shares was hit by higher interest rates

Start-ups 144
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How CEOs can mitigate compounding risks

Mckinsey and Company

When risks combine, the cumulative impact can have existential consequences. But leaders can prevent compounding risks from sneaking up on them by adapting risk processes to manage multiple threats.

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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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How AI transformed the tax and accounting profession in 2023

ThomsonReuters

Jump to: Automation of routine tasks Enhanced data analysis Improved compliance and risk management Streamlined processes Enhanced client services Embrace the transformative power of AI in the tax and accounting profession In 2023, AI has become an integral part of tax and accounting professionals’ processes by streamlining operations, enhancing accuracy, and enabling professionals to focus on higher-value tasks.

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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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Ncontracts Announces AI-Powered Contract Management Tool for Financial Institutions to Improve Vendor Management and Save Money

N Contracts

Brentwood, Tenn. (January 16, 2024) -- Ncontracts , the leading provider of integrated compliance, risk, and vendor management solutions to the financial services industry, announces the launch of its new AI-powered Ntelligent Contracts Assistant module within Nvendor, reducing hours of arduous contract reviews into just minutes.

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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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Generative AI in the pharmaceutical industry: Moving from hype to reality

Mckinsey and Company

The technology could offer pharma companies a once-in-a-century opportunity—but only if they learn to scale it and address the industry’s unique challenges.

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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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Ex-Troutman Pepper Bankruptcy Head Joining ArentFox Schiff

Law 360 M&A

The former managing partner of Troutman Pepper's Boston office and national co-chair of its bankruptcy practice is jumping over to ArentFox Schiff LLP, the firm announced Monday.

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Baltimore Sun Sold to Chairman of Sinclair TV Stations

NYT M&A

David D. Smith bought the newspaper and its sister publications in a private deal with Alden Global Capital, their owner since 2021.