April, 2022

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EU Taxonomy and the Future of Reporting

Harvard Corporate Governance

Posted by Holly Pettingale, Stéphane de Maupeou, and Peter Reilly, FTI Consulting, on Monday, April 4, 2022 Editor's Note: Holly Pettingale is Director and Stéphane de Maupeou and Peter Reilly are Senior Directors at FTI Consulting. This post is based on an FTI Consulting memorandum by Ms. Pettingale, Mr. de Maupeou, Mr. Reilly, and Joel Kuenzer. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) and

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Hybrid work: Making it fit with your diversity, equity, and inclusion strategy

Mckinsey and Company

New research details what empowered employees love about hybrid work models and the risks to diversity, equity, and inclusion if managers get the evolving flexible workplace wrong.

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Trending Sources

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Could Starlink Go Public Via SPAC? Rumors Of Palihapitiya Deal Increase

Benzinga

Retail investors love a good story for stocks, as well as love the opportunity to get into some potential growth stories on the ground floor. SPACs were one of the hottest stories in 2020 and 2021 but have fallen out of favor with many companies trading well below the $10 price after mergers have been completed. Could a SPAC deal involving two of the biggest names bring life back to SPACs and how many coincidences do there have to be before it's considered research?

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The Great Resignation Risk

Norman Marks

While many are focused on issues like cyber, saying it is perhaps the greatest source of risk to an organization today, I believe there are greater sources of concern. One of these has been in the news over the last months, called the Great Resignation Consider this set of survey results from ResumeBuilder.com. In the […].

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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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Elon Musk Agrees to Buy Twitter

NYT M&A

The world’s richest man succeeded in a bid to acquire the influential social networking service, which he has said he wants to take private.

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Elon Musk offers to buy Twitter for more than $40bn

The Guardian M&A

Tech entrepreneur makes offer of $54.20 a share in cash to ‘unlock potential’ of social media site • How ‘free speech absolutist’ Elon Musk would transform Twitter Elon Musk has launched an audacious bid to buy Twitter for $43.4bn (£33bn), saying he wants to release its “extraordinary potential” to boost free speech and democracy across the world. The Tesla chief executive and world’s richest person revealed in a regulatory filing on Thursday that he had launched a hostile takeover of Twitter.

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Chemicals and capital markets: Growing sustainably

Mckinsey and Company

Green chemicals—those with a low-carbon product portfolio or a higher exposure to end markets supporting sustainability—are being rewarded by capital markets and safeguarding future cash flow.

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Capital Flight: Foreign Investors Exit China

Global Finance

The Russian invasion of Ukraine caused international investors to pause for thought on where their international investments reside. Are they seeing China in a new light?

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Twitter Takes The Poison Pill: Here's What It Means For Elon Musk And Shareholders

Benzinga

When Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk on Thursday entered his unsolicited $43 billion bid to acquire and take Twitter Inc (NYSE: TWTR ) private, the company scrambled. Unpleased with the offer, the board of directors were reportedly debating imposing a method called a “ poison pill” to prevent Musk from acquiring the company. The maneuver, known as the “poison pill” or the “Rights Plan” is a defense tactic used to avoid takeovers by diluting a sharehold

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Can Employers Pay Wages in Cryptocurrency?

ThomsonReuters

In November of 2021, Miami, Florida Mayor Francis Suarez responded to a tweet that asked who would be the first U.S. politician to receive their first paycheck in Bitcoin. “I’m going to receive my next paycheck 100% in Bitcoin,” Suarez wrote. Recently elected New York City Mayor Eric Adams added to the tweet responses on November 4, 2021, by writing that he would receive his first three paychecks via Bitcoin after being sworn in as mayor.

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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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No Investment Banking Summer Internship Offers: What to Do

Brian DeChesare

A long time ago, it didn’t matter that much if you applied for summer internships at the large banks but failed to win a single offer. It hurt, but it wasn’t necessarily a disaster because full-time recruiting still existed, and it was more feasible to win full-time offers without a previous internship. Recruiting also moved more slowly, and it was easier to find last-minute roles.

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Five Questions Boards Should Ask About the War in Ukraine

Harvard Corporate Governance

Posted by Matteo Tonello, The Conference Board, Inc., on Tuesday, April 5, 2022 Editor's Note: Matteo Tonello is Managing Director of ESG Research at The Conference Board, Inc. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) and Will Corporations Deliver Value to All Stakeholders?

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How COVID-19 caused a global learning crisis

Mckinsey and Company

The pandemic has taken a substantial toll on students’ academic progress as well as on their mental health. School systems can respond across multiple horizons to help students get back on track.

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Top Takeaways From the Digital Risk Maturity Report 2022

Audit Board

Digital risk has become one of the fastest-growing, most pervasive risks in any organization. The 2022 World Economic Forum Global Risks Report estimates digital commerce will be worth $800 billion by 2024, while a recent Gartner survey reveals that digital risk is the number one strategic business priority for corporate directors in 2022 and 2023. Gartner defines “ digital risk ” as the set of risks inherent in digital products, services, and supporting processes.

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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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Analysis: Will The Real Elon Musk Please Stand Up?

Benzinga

Within the course of a week, the world witnessed two very different versions of Elon Musk. On April 7, there was Musk basking in the glory of the opening of Tesla’s (NASDAQ: TSLA ) new manufacturing facility in Austin — an event dubbed the “ Cyber Rodeo ” that brought the world’s media to Musk’s stage. The Tesla chief executive owned the spotlight while wearing a ten-gallon cowboy hat and dark aviator sunglasses, strutting with self-assurance as he launched hi

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IRS Information Letter Explains Requirements for Expenses to Qualify as Medical Care

ThomsonReuters

IRS Information Letter 2022-0005 (Feb. 25, 2022). Available at [link]. The IRS has released an information letter regarding the requirements for expenses to qualify as medical care under Code § 213. The letter responds to a request for guidance on when the cost of health and wellness coaching is medical care that can be reimbursed under health FSAs, HSAs, and other tax-favored accounts.

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Understanding your restaurant’s chart of accounts

Henry Horne

A restaurant’s chart of accounts is the foundation for all financial recordkeeping. It’s a coded list of all of the assets, liabilities, income and expenses that flow in and out of your business. Have you ever looked at your P&L and wondered what made up each line item? Having a solid chart of accounts will … Keep Reading. The post Understanding your restaurant’s chart of accounts appeared first on Henry+Horne.

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The DCF Valuation Methodology is Untestable

Harvard Corporate Governance

Posted by J.B. Heaton, One Hat Research LLC, on Wednesday, April 20, 2022 Editor's Note: J.B. Heaton is a managing member of One Hat Research LLC. The goal of discounted cash flow (DCF) valuation analysis is to answer the question, “What is this asset worth?” as in, what is the price that a rational person would be willing to pay for this asset in a competitive asset market.

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How the fashion industry can get into a metaverse mindset

Mckinsey and Company

Shoppers, particularly those in Gen Z, are spending more time online and exploring the possibilities of the metaverse. Here’s what fashion and luxury players need to know about this emerging frontier.

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How to Win the Talent War in 2022: 10 Expert Tips for Today's Job Market

Rhythm Systems

In today’s rapidly changing work environment, the competition for recruiting and retaining top talent has never been tougher. Rhythm Systems works with mid-market companies across all industries, and the #1 challenge we consistently hear holding companies back today is staffing. To gain some insight into the specifics of the issue, we hosted a special Q&A with EY (Ernst & Young) talent expert, Randy Beck.

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EXCLUSIVE: SinglePoint Buys This Full-Service EPC Firm With Projected Revenue Of $25M

Benzinga

SinglePoint Inc (OTC: SING ) has acquired The Boston Solar Company LLC , a provider of comprehensive solar energy services in New England, primarily in Massachusetts, since 2011. The deal value was not disclosed. Boston Solar generated sales of $17.7 million in FY21 with expected sales of $25 million in FY22, with more than $16 million already contracted and in.

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Are Employer-Paid Retirement Planning Services Taxable?

ThomsonReuters

QUESTION: Our company has always shied away from providing advice to participants regarding their personal retirement planning. We are concerned, however, that employees may not have sufficient information and professional advice to make good retirement planning decisions, so we would like to start making retirement planning services available. If we do, will those services be taxable, adding to our cost and administrative burden?

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Dispelling five common myths about cloud adoption in Ireland

Avanade

Cloud platforms and technologies offer cost and efficiency benefits to organisations in every industry, but there are several common misconceptions that persist in overshadowing organisations’ cloud ambitions.

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The Limits of SPAC Sponsor Earnouts

Harvard Corporate Governance

Posted by Michael Klausner (Stanford University) and Michael Ohlrogge (NYU), on Thursday, April 7, 2022 Editor's Note: Michael Klausner is the Nancy and Charles Munger Professor of Business and Professor of Law at Stanford Law School; Michael Ohlrogge is Assistant Professor at NYU School of Law. This post is based on their recent paper. Related research from the Program on Corporate Governance includes SPAC Law and Myths by John C.

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Tech talent tectonics: Ten new realities for finding, keeping, and developing talent

Mckinsey and Company

Large incumbents can compete successfully for tech talent—but only if they’re ready to completely rethink their entire HR approach. Tech talent think and act differently.

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Elon's Twitter Play: Valuation and Corporate Governance Consequences

Musings on Markets

I am not a prolific user of social media platforms, completely inactive on Facebook and a casual lurker on LinkedIn, but I do use Twitter occasionally, and have done so for a long time, with my first tweet in April 2009, making me ancient by Twitter standards. That said, I tweet less than ten times a month and follow only three people (three of my four children) on the platform.

Start-ups 102
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Royal Dutch Shell's New CFO Must Organize A Russian Goodbye

Global Finance

Like BP, Norway’s Equinor and France’s TotalEnergies, Shell’s leadership decided that the war with Ukraine made it impossible to maintain its business in Russia.

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Avoid burnout before you’re already burned out

ThomsonReuters

Tax season is a stressful time of year for anyone who works at an accounting firm. Burnout is commonplace and sometimes it’s hard to get back into the swing of things when the busy season dies down. From the time tax season starts to when it ends, many professionals find they’re burning the candle at both ends, missing valuable time with their families, and giving their all to their clients.

Start-ups 104
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Taking sustainability seriously: Are banks ready?

Avanade

In this blog post, Peter Barrett writes about Avanade’s research with Efma, a global financial services trade association, on how ready banks are to hit their sustainability goals.

Banking 98
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Developments in Securities Fraud Class Actions Against U.S. Life Sciences Companies

Harvard Corporate Governance

Posted by David H. Kistenbroker, Joni S. Jacobsen, and Angela M. Liu, Dechert LLP, on Saturday, April 16, 2022 Editor's Note: David H. Kistenbroker , Joni S. Jacobsen and Angela M. Liu are partners at Dechert LLP. This post is based on a Dechert memorandum by Mr. Kistenbroker, Ms. Jacobson, Ms. Liu, Julia Markham Cameron , and Melissa A. Vallejo.

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Navigating inflation: A new playbook for CEOs

Mckinsey and Company

Few chief executives have faced the challenge of leading a company through an inflationary spike like today’s. Lessons from strong leaders and bold action can help CEOs make the decisions that only they can make.

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New Era Begins at Warner Bros., Back Toward Its Entertainment Roots

NYT M&A

With a new owner, the 99-year-old movie studio appears headed back to its traditional sweet spot as an entertainment company. But the business of Hollywood is no longer the same.

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'I'm Not Anti-Elon,' Vitalik Buterin Says As The Ethereum Founder Offers His Take On Twitter Takeover

Benzinga

Ethereum (CRYPTO: ETH ) founder Vitalik Buterin has for the first time commented on the Twitter, Inc. (NYSE: TWTR ) takeover sage after the company agreed to be taken over by Elon Musk. What Happened: The largest consequence of Musk taking over Twitter may not be the specific policy decisions the Tesla, Inc. (NASDAQ: TSLA ) CEO would make, Buterin said in a tweet.

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Satisfaction = Perception - Expectation: Six Ways Internal Auditors Can Apply Client Service Concepts

Audit Board

Over the years, I have heard many audit leaders describe the stakeholders in their organizations as customers or clients. I have recently been researching the concept of client service and considering how this could apply to the internal audit practice — and I now see these leaders as early adopters of a visionary track that has the potential to significantly elevate the internal audit profession. .