May, 2022

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A Tale of Two Networks: Common Ownership and Product Market Rivalry

Harvard Corporate Governance

Posted by Florian Ederer (Yale) and Bruno Pellegrino (University of Maryland), on Friday, May 20, 2022 Editor's Note: Florian Ederer is Associate Professor of Economics at the Yale University School of Management, and Bruno Pellegrino is Assistant Professor of Finance at the University of Maryland’s Smith School of Business. This post is based on their recent paper.

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Perspectives Paper: Human Capital

IVSC

In Part 1 of our series , we examined the Case for Realigning Reporting Standards with Modern Value Creation. While long acknowledged as a challenge of common accounting frameworks and related financial reporting regimes, a tipping point has seemingly been reached. The debate has shifted from why the problem should be addressed, to what should be done and how it can be implemented.

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Trending Sources

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Supply chains: To build resilience, manage proactively

Mckinsey and Company

Supply chain upheavals show little sign of abating. Companies can address them by reconsidering outdated, short-term strategies and beginning the hard work of building structural resilience.

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BREAKING: Cannabis Tech Provider Weedmaps Acquires Enlighten, An Ad And Menu Biz

Benzinga

As reported during its first-quarter 2022 earnings call, WM Technology Inc (NASDAQ: MAPS ), d.b.a. Weedmaps, has completed the acquisition of cannabis-focused digital menu and ad company Enlighten. Why It Matters. This acquisition brings in two key Enlighten features: SmartHub, a subscription software that powers in-dispensary digital menus and kiosks; and.

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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 Twitter Buyout: Is Elon Musk a Madman or a Genius?

Brian DeChesare

As is usually the case, everyone wants to talk about Elon Musk and his latest antics – and this time, the antics consist of his Twitter buyout for a cool ~$44 billion. This specific deal generates endless discussion topics: “Free speech” vs. “content moderation,” AKA censorship. Possible legal/regulatory hurdles. How will Elon change Twitter’s business?

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Client Service: How Did Your Firm Score This Tax Season?

ThomsonReuters

Unfortunately, businesses often make assumptions about what their clients want. Sometimes they miss the mark, which can lead to misunderstandings, unmet expectations, and potentially dissatisfied clients who eventually take their business elsewhere. “When a firm, or any other business, has been doing things the same way for 10, 20, or 30 years — and it has worked for 10, 20, or 30 years — there are blind spots,” said Greg Pope, Vice President of Marketing at SurePrep.

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Strategic Planning Tips: 17 Expert Tips for Planning

Rhythm Systems

So, you had a great planning session with your team. Everybody left the 3-day session pumped up and ready to hit your targets for the year and move the company one step closer to achieving your Big Hairy Audacious Goal (BHAG) and other long term strategic goals. You've done the strategy work extremely well? What could possibly go wrong? Unfortunately, even with everyone’s good intentions, running the day-to-day business can get in the way of making progress on your annual and quarterly rocks if

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Addressing employee burnout: Are you solving the right problem?

Mckinsey and Company

Employers have invested unprecedented resources in employee mental health and well-being. With burnout at all-time highs, leaders wonder if they can make a difference. Our research suggests they can.

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Tata Motors Acquires This US Auto Major's India Plant

Benzinga

Tata Motors Limited (NYSE: TTM ) subsidiary Tata Passenger Electric Mobility Limited (TPEML), has signed a Memorandum of Understanding (MOU) with the Government of Gujarat to acquire Ford Motor Co (NYSE: F ) Ford India Private Limited's (FIPL) vehicle manufacturing facility. Full story available on Benzinga.com.

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Get started on the Microsoft Cloud for Sustainability with new Avanade services

Avanade

Avanade is announcing two services to enable organizations to drive value from the Microsoft Cloud for Sustainability and their existing investments in digital technologies.

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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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Advising Gig Workers: Form 1099-K and How to Minimize Tax Liability

ThomsonReuters

Do you have clients working full- or part-time in the gig economy? Self-employed workers who drive for Uber or deliver food for DoorDash, who sell crafts and merchandise on Etsy, or who hire out their services on TaskRabbit? These budding entrepreneurs often get paid through mobile payment services like Venmo, Paypal or CashApp or get paid directly through the Uber or Doordash app.

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How to Identify Top ESG Priorities

Harvard Corporate Governance

Posted by Steven Rothstein (Ceres), Olivia Tay (Semler Bross LLC), and Yamika Ketu (Ceres), on Tuesday, May 10, 2022 Editor's Note: Steven Rothstein is managing director, Yamika Ketu is an associate, and Melissa Paschall is director of governance at Ceres; Olivia Tay is senior consultant, Kathryn Neel is managing director, and Blair Jones is managing director at Semler Brossy LLC.

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Antitrust Enforcers' Fourth and Final "Listening Forum" On Merger Reform Highlights Issues In Technology

National Law Review M&A

Arindam Kar Jurisdiction: All Federal Type of Law: Antitrust & Trade Regulation Communications, Media & Internet Mergers & Acquisitions Administrative & Regulatory

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Transformation and ‘the more things change’: A conversation with Seth Goldstrom

Mckinsey and Company

The definition of transformation has evolved over the years. McKinsey senior partner Seth Goldstrom discusses that evolution and some of the core elements that remain essential to transformation success.

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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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Broadcom To Acquire VMware In $61B Deal: What Investors Need To Know

Benzinga

Broadcom Inc (NASDAQ: AVGO ) on Thursday announced it will acquire Vmware Inc (NYSE: VMW ) in a cash-and-stock transaction that values the multi-cloud company at approximately $61 billion. What To Know: VMware's multi-cloud portfolio spans application modernization, cloud management, cloud infrastructure, networking, security and more. Following the closing of the transaction, the Broadcom Software Group will rebrand as VMware and incorporate Broadcom's existing infrastructure and securi

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How to Write Goals: Writing Goals 101 in 2022 [with Examples]

Rhythm Systems

Successful SMART goal setting is an essential skill for both personal goals and your professional success. If you aren't writing goals for yourself, you're likely not making progress. However, research by the University of Scranton found that 92% of people who set New Year's resolutions never achieve them. Business goal achievement doesn't fare much better; 67% of great strategies fail due to poor execution.

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What triggers a sales tax audit and how do you reduce the risks?

ThomsonReuters

What triggers a sales tax audit and how do you reduce the risk of an audit? Almost all companies undergo a sales tax audit at some point. It is not only time-consuming, but also takes lots of resources as the process can take from a few weeks to several months. This sales tax audit guide can help indirect tax teams avoid common audit triggers and manage the sales tax audit as smoothly as possible.

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How to Focus the Company Around ESG Priorities

Harvard Corporate Governance

Posted by Steven Rothstein and Yamika Ketu (Ceres), and Olivia Tay (Semler Brossy LLC), on Wednesday, May 4, 2022 Editor's Note: Steven Rothstein is managing director and Yamika Ketu is an associate at Ceres; and Olivia Tay is senior consultant at Semler Brossy LLC. This post is based on a Ceres/Semler Brossy client memo and article in Corporate Board Member by Mr.

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Sports-Focused SPAC Leads 2 IPO Filings Totaling $350M

Law 360 M&A

A sports and entertainment focused blank-check firm, whose board of directors includes former NBA star Magic Johnson and a former Disney executive, was among two special-purpose acquisition companies to file initial public offerings Thursday for a combined $350 million.

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The tech transformation imperative in retail

Mckinsey and Company

Organizations face an urgent need to overhaul their tech architecture and operating model to keep pace with the changing landscape. Five concrete actions can accelerate the transformation journey.

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Aurora Cannabis Completes Acquisition Of Thrive Cannabis

Benzinga

Aurora Cannabis Inc. (NASDAQ: ACB ) (TSX:ACB) has completed its previously announced acquisition of TerraFarma Inc. (parent company of Thrive Cannabis ) for aggregate initial consideration of $38 million paid in cash and Aurora common shares, and up to $30 million in potential earnout amounts, payable in cash, Aurora Shares or a combination of both, subject to Thrive achieving certain revenue targets within.

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Key Performance Indicators for Employees in 2022: KPI Examples for Employee Performance

Rhythm Systems

It is no secret that your people are instrumental to the success of your business. In order to have a great company, you not only have to hire the right people and get them in the right seats as Jim Collins says, you also have to work to retain and engage those people once you have them. The best companies use key performance indicators for employees to drive performance and ensure that they are getting the most out of their most important investment - their employees.

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How can APIs help modernize accounting firm technology

ThomsonReuters

Technology has helped tax and accounting firms to streamline their processes and automate countless time-consuming manual tasks. Firms regularly bring on new tools to address a specific business need. As new software versions become available, however, it can create a situation where some older software may no longer be able to communicate with the new ones.

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Transparency Paves the Road to Net Zero

Harvard Corporate Governance

Posted by Subodh Mishra, Institutional Shareholder Services, Inc., on Monday, May 30, 2022 Editor's Note: Subodh Mishra is Global Head of Communications at Institutional Shareholder Services. This post is based on an ISS ESG memorandum by Viola Lutz. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance by Lucian A.

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Internal Auditors Are Uniquely Suited to Be Great at RPA

Audit Board

Internal auditors are in the midst of a transformation. The bots aren’t coming — they’re here. Robotic process automation, or RPA, is happening in our space. It’s not only a bellwether of what’s to come. It’s also an opportunity for internal audit to lead. I’ve spent the past several years immersed in training myself and others in RPA, both as the head of an internal audit team and in my current role as a professor and Director of the Center for Intelligent Process Automation at Nichols Colleg

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Quantum computing just might save the planet

Mckinsey and Company

Exponentially more powerful machines could make possible major reductions in emissions, putting the goal of limiting global warming within reach.

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Here's Why Quantum Computing Shares Are Trading Higher Today

Benzinga

Quantum Computing Inc (NASDAQ: QUBT ) agreed to acquire QPhoton, a quantum photonics innovation company. QPhoton developed a series of quantum photonic systems (QPS). QCI will issue to QPhoton's stockholders aggregate merger consideration consisting of 5.8 million shares, 2.4 million preferred shares convertible into 23.8 million shares, and warrants.

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Why are KPIs Important? The Importance of an Effective KPI

Rhythm Systems

Measuring the right Key Performance Indicators (KPIs) is vital to the health and success of your business. However, when we onboard new clients, we find that some of them are uncertain about what they should be measuring and how they can use these powerful tools. They often ask "Why do we need KPIs?" or "Why use KPIs?" or "Why are KPIs important" or even " What are KPIs?

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IRS Announces 2023 HSA and EBHRA Contribution Limits, HDHP Minimum Deductibles, HDHP Out-of-Pocket Maximums

ThomsonReuters

Rev. Proc. 2022-24 (Apr. 29, 2022). Available at [link]. The IRS has released the 2023 cost-of-living adjusted limits for health savings accounts (HSAs), high-deductible health plans (HDHPs), and excepted benefit health reimbursement arrangements (EBHRAs). Here are the details: HSA Contribution Limits. The 2023 annual HSA contribution limit is $3,850 for individuals with self-only HDHP coverage (up from $3,650 in 2022), and $7,750 for individuals with family HDHP coverage (up from $7,300 in 2

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Key Themes of Human Capital Management Disclosure

Harvard Corporate Governance

Posted by Pam Greene, David Kritz, and Anna Barrera, Aon plc, on Monday, May 16, 2022 Editor's Note: Pam Greene is Partner, David Kritz is Associate Partner, and Anna Barrera is Senior ESG Consultant at Aon plc. This post is based on an Aon memorandum by Ms. Greene, Mr. Kritz, Ms. Barrera, and Grant Hinrichsen. Related research from the Program on Corporate Governance includes Stakeholder Capitalism in the Time of COVID , by Lucian Bebchuk, Kobi Kastiel, and Roberto Tallarita (discussed on the

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Photo Co. Founder Sues Merger Partner For Post-Deal Purge

Law 360 M&A

The founder of Collage.com, an e-commerce business that lets customers create photo-centered gifts, sued the site's merger partner and a private equity backer in Delaware's Court of Chancery, saying he had been promised a post-merger executive position but instead was fired just weeks after the deal closed.

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Digital transformation on the CEO agenda

Mckinsey and Company

Successful digital transformations may not be as elusive as you think. The best CEOs know up front what success looks like—and what stands in their way.

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Chart Industries Acquires Fronti Fabrications For $20M

Benzinga

Chart Industries, Inc. (NYSE: GTLS ) has acquired Fronti Fabrications, Inc. for $20 million. Fronti is a specialist in engineering, machining, and welding for the cryogenic and gas industries; and also supplies new build pressure vessels and performs. Full story available on Benzinga.com.

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Kwasi Kwarteng to review French billionaire’s BT stake over security concerns

The Guardian M&A

Business secretary intervenes after biggest shareholder Patrick Drahi raised stake in UK telecom giant to 18% The business secretary has used new government powers on national security to intervene in a potential takeover of BT by its biggest shareholder, the French billionaire Patrick Drahi. BT said Kwasi Kwarteng would investigate the move by Drahi’s telecoms group Altice, after it increased its stake in BT from 12.1% to 18% in mid-December.

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