June, 2024

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IVSC Perspectives Paper: Inspection of Tangible Assets

IVSC

IVSC has issued a new Perspectives Paper focusing on the inspection of tangible assets in the valuation process. This paper, authored by the IVSC Tangible Assets Board, explores the topic of valuation inspections and considers the benefits and challenges associated with various types of inspections, including traditional physical inspections and technology-based virtual assessments.

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Board effectiveness: A survey of the C-suite

Harvard Corporate Governance

Posted by Carin Robinson, PricewaterhouseCoopers LLP, on Tuesday, June 4, 2024 Editor's Note: Carin Robinson is Director at the PricewaterhouseCoopers (PwC) Governance Insights Center. This post is based on her PwC memorandum. Against a backdrop of increasing fragmentation and complexity, companies are seeking to develop and execute coherent strategies, and corporate governance needs to keep pace, with directors addressing more topics and fielding input from more stakeholders.

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The state of AI in early 2024: Gen AI adoption spikes and starts to generate value

Mckinsey and Company

As generative AI adoption accelerates, survey respondents report measurable benefits and increased mitigation of the risk of inaccuracy. A small group of high performers lead the way.

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Freelancing Boom Goes Global

Global Finance

Use of freelancers of all types, even temporary CFOs, has mushroomed in the last five years. Here’s why more employers around the world are moving away from the full-time staff model. The surging numbers tell the story. A major hiring shift is transforming how businesses find and utilize talent and how that talent finds and establishes relationships with companies that need its skills.

Start-ups 141
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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 Pet Care Became a Big Business

NYT M&A

People have grown more attached to their pets — and more willing to spend money on them — turning animal medicine into a high-tech industry worth billions.

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Chicago Cannabis Company Green Thumb Proposes Merger With Boston Beer, Eyes Stock Listing

Benzinga

Chicago-based cannabis producer Green Thumb Industries (OTCQX: GTBIF ) has raised eyebrows throughout the beverage and weed industries with a recent proposal to merge with Boston Beer Co. (NYSE: SAM ), the iconic American brewer behind Sam Adams lager. Green Thumb Seeks Stock Exchange Listing Green Thumb’s primary motivation for the move appears to be gaining access to a major U.S. exchange.

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More Trending

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Pro-ESG Shareholder Proposals Regaining Momentum in 2024

Harvard Corporate Governance

Posted by Subodh Mishra, ISS STOXX, on Monday, June 3, 2024 Editor's Note: Subodh Mishra is Global Head of Communications at ISS STOXX. This post is based on an ISS-Corporate memorandum by Jun Frank. Governance is back on focus this proxy season, with both the volume and support on proposals aiming to enhance shareholder rights and companies’ governance practices gaining steam.

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From ripples to waves: The transformational power of tokenizing assets

Mckinsey and Company

Tokenized financial assets are moving from pilot to at-scale deployment. Adoption is not yet widespread, but financial institutions with blockchain capabilities in place will have a strategic advantage.

Banking 137
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Regulation Struggles To Keep Pace With Global Gig Economy

Global Finance

As outsourcing to freelancers spreads, lawmakers and regulators around the world are scrambling to keep pace. Accordingly, companies working the new trend into their business model must be wary of running afoul of a fast-changing legal and regulatory landscape. Due diligence can be especially tricky for firms that use freelancers located in multiple jurisdictions—even within countries, such as the US, that have federal systems.

Start-ups 126
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U.S. Clears Way for Antitrust Inquiries of Nvidia, Microsoft and OpenAI

NYT M&A

The Justice Department and the Federal Trade Commission agreed to divide responsibility for investigating three major players in the artificial intelligence industry.

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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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Nvidia To Acquire Shoreline.Io For $100M As Jensen Huang-Led AI Stalwart Aims To Cut Revenue Reliance On Microsoft, Amazon And More: Report

Benzinga

Nvidia Corp. (NASDAQ: NVDA ) has reportedly agreed to acquire Shoreline.io , a software startup, for an estimated $100 million. What Happened : The acquisition deal was recently finalized, according to sources familiar with the matter, as reported by Bloomberg on Tuesday. The sources, who chose to remain anonymous, disclosed that the deal values Shoreline at approximately $100 million.

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When and How Often to Increase SaaS Prices

Lighter Capital

Increasing prices is the most effective way for growing SaaS startups to scale revenue. One study of Fortune 500 companies found that increasing prices by 5% results in a 22% jump in operating profits. Should your SaaS startup raise prices? For SaaS startups that depend on customers sticking around, the prospect of increasing prices can be daunting.

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Measure of Leadership: CEOs and Directors on Navigating Change

Harvard Corporate Governance

Posted by Jason Baumgarten, Julie Daum, and George Anderson, Spencer Stuart, on Thursday, June 27, 2024 Editor's Note: Jason Baumgarten is Global Board & CEO Practice Leader, Julie Daum is Board & CEO Practice Co-leader, North America, and George Anderson is Leader, Board Effectiveness Services, North America at Spencer Stuart. This post is based on a Spencer Stuart memorandum by Mr.

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Tech services and generative AI: Plotting the necessary reinvention

Mckinsey and Company

The rapid emergence of generative AI has the potential to disrupt a dynamic the sector has relied on for decades, but it also offers an opportunity to tap a lucrative new market.

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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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Alternative Financing Comes Of Age

Global Finance

Fintech is fueling a boom in innovation, offering CFOs an array of new ways to access capital. For years, alternative financing models have been changing the way companies access cash. Now, fintech is offering innovations, from subscription and fee-based online lending marketplaces to blockchain, that are changing the alternative financing landscape itself.

Finance 124
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Volkswagen Will Invest Up to $5 Billion in EV Maker Rivian

NYT M&A

VW and Rivian, a maker of electric trucks that has struggled to increase sales and break even, will work together on software and other technologies.

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Psychedelics-Focused Numinus Plans To Leverage This AI Technology Via New Strategic Acquisition

Benzinga

Psychedelics-focused mental healthcare company Numinus Wellness Inc. (TSX: NUMI ) (OTCQX: NUMIF ) (FSE: LR23) plans to take over MedBright AI Investments Inc. (CSE: MBA ). The proposed transaction comes as the Vancouver-based company reorganizes its operations with a near-term strategic plan toward generating positive EBITDA. What Happened Numinus announced the execution of a letter of intent Thursday to acquire MedBright which deploys artificial intelligence and machine learning to allow medica

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As Feds Stalk Anticompetitive Mergers, What Can Competitors Do?

Mogin Rubin M&A

Continuing to make good on President Biden’s pledge to root out and challenge anticompetitive mergers, the Antitrust Division of the Justice Department and the Federal Trade Commission have asked the public to join the hunt. On May 23, the agencies publicly asked companies for information they may have on any serial acquisitions and “roll-up strategies” being undertaken across the U.S. economy.

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DEI Metrics in Executive Compensation

Harvard Corporate Governance

Posted by Umesh Chandra Tiwari, ESGAUGE, on Wednesday, June 26, 2024 Editor's Note: Paul Hodgson is a Senior Advisor at ESG data analytics firm ESGAUGE. This post relates to a report authored by Mr. Hodgson based on data published by The Conference Board and ESGAUGE. June 29th marks the one-year anniversary of the landmark Supreme Court decision in Students for Fair Admissions v.

Equity 269
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Navigating the generative AI disruption in software

Mckinsey and Company

The technology could accelerate growth, but presents new challenges, including shifts in value pools, user segments, and competitive dynamics that could spur a realignment of product categories.

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Innovation Beyond Technology: Q&A With J.P. Morgan Payments’ Lori Schwartz

Global Finance

Lori Schwartz, Global Head of Liquidity & Account Solutions and Digital & Design at J.P. Morgan Payments, discusses fostering innovation within the corporate treasury with Global Finance. GF : How has artificial intelligence affected your organization’s performance in the past year? Lori Schwartz : We are looking at ways to harness the power of such technology to simplify and make our internal processes more efficient.

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Paramount’s Deal With Skydance Falls Apart

NYT M&A

There were several hitches in the last week as Skydance, Paramount and its parent company, National Amusements, reached the final stages of negotiations.

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Bullish Sentiment Soars For Robinhood As Stock Rises With Bitstamp Acquisition

Benzinga

Robinhood Markets Inc (NASDAQ: HOOD ) closed at $22.97 on Thursday, recording a 6.49% gain. On Friday, the stock was up 3.35% by 6 a.m. ET in pre-market trading. Robinhood’s rally comes on the heels of the company’s acquisition of cryptocurrency exchange Bitstamp Ltd. for $200 million. The all-cash deal is expected to close in the first half of 2025.

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Supreme Court Strikes Down Chevron Deference

Law 360 M&A

The U.S. Supreme Court on Friday overturned a decades-old precedent that instructed judges about when they could defer to federal agencies' interpretations of law in rulemaking, depriving courts of a commonly used analytic tool and leaving lots of questions about what comes next.

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The Original Public Meaning of Investment Contract

Harvard Corporate Governance

Posted by Edward Lee (Santa Clara Law), on Saturday, June 1, 2024 Editor's Note: Edward Lee is a Professor of Law at the Santa Clara University School of Law, starting in August 2024. This post is based on his recent article forthcoming in the U.C. Davis Law Review. The Securities Act of 1933 defines “ security ” by identifying twenty examples of financial instruments or interests that constitute securities.

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Decarbonizing logistics: Charting the path ahead

Mckinsey and Company

Companies need to reduce their logistics emissions to meet decarbonization targets, but a new McKinsey survey finds that few companies have clear plans to do so. What is the best path forward?

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DBS Equity Capital Markets Head Art Karoonyavanich On A Decade Of Growth

Global Finance

A 10-year veteran at DBS Bank, Karoonyavanich recently expanded his role to cover all Equity Capital Markets business for the bank globally when the firm merged its equities, fixed income and brokerage businesses to form a new Investment Banking unit. The Investment Banking unit, which sits within DBS’ newly formed Global Financial Markets group, has already marked a stellar year, further solidifying the bank’s capital markets presence in key regions like Singapore, mainland China, Hong Kong, In

Equity 111
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Boeing Agrees to Buy Spirit AeroSystems, a Longtime Supplier

NYT M&A

The multibillion-dollar deal will reverse a decision the plane maker made two decades ago to outsource production of key parts to independent suppliers.

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Nokia To Acquire Infinera: Infinera's Stock Soars

Benzinga

Infinera Corporation (NASDAQ: INFN ) shares are trading higher Thursday after the company announced Nokia Corp (NYSE: NOK ) will acquire the company in a transaction valuing Infinera at $6.65 per share. The Details: The companies announced a definitive agreement under which Nokia will acquire Infinera in a transaction valuing the company at $6.65 per share or an enterprise value of $2.3 billion.

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The Latest on CDK Global Cybersecurity

Auto Dealer Valuation Insights

As frequent auto conference attendees and sponsors, we discuss trends in the industry with other service providers. In an increasingly digital world, we’ve noted an increase in service providers catering to cybersecurity in a variety of ways.

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Diversity, Equity, and Inclusion in the 2024 Proxy Season: A New Era of Scrutiny

Harvard Corporate Governance

Posted by Merel Spierings, The Conference Board, on Thursday, June 13, 2024 Editor's Note: Merel Spierings is a Senior Researcher at The Conference Board. This post was authored by Ms. Spierings and is based on voting data published by The Conference Board and ESGAUGE in collaboration with Russell Reynolds Associates and The Rutgers Center for Corporate Law and Governance.

Equity 245
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When failure is an option: Fostering organizational innovation and learning

Mckinsey and Company

To achieve sustainable innovation, companies can embrace failure as a catalyst for driving change. Capability centers can enhance performance and promote learning in high-stakes operations.

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Hyundai India’s IPO Filing Highlights Confidence In Surging India Markets

Global Finance

Hyundai’s IPO could top Life Insurance Corp.’s 2022 offering that raised a record $2.7 billion. The Hyundai India IPO that was announced earlier this year has become a bellwether for the health of Indian stock markets and particularly its IPO market, now that the South Korean carmaker has reportedly filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) on June 15.

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How the Humane AI Pin Flopped

NYT M&A

Humane’s Ai Pin was supposed to free people from smartphones, but sales have been slow. Now Humane is talking to HP and others about a potential sale.

Start-ups 116