September, 2022

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Perspectives Paper: Rethinking Brand Value

IVSC

The limitation of the current reporting frameworks to convey value creation and preservation activities is largely because the prevailing value creation strategies that existed when the standards were enacted decades ago, have evolved. As many current business models have evolved over decades, namely, to rely more heavily on intangible assets at the expense of tangible, the standards and the economics have become misaligned.

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Universal Proxy Rules: Roadmap for Annual Meetings

Harvard Corporate Governance

Posted by Andrew Freedman, Kenneth Mantel, and Ian Engoron, Olshan Frome Wolosky LLP, on Thursday, September 1, 2022 Editor's Note: Andrew Freedman and Kenneth Mantel are partners and Ian Engoron is an associate at Olshan Frome Wolosky LLP. This post is based on their Olshan memorandum. Related research from the Program on Corporate Governance includes Universal Proxies (discussed on the Forum here ) by Scott Hirst.

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Web3 beyond the hype

Mckinsey and Company

While buffeted by the recent market downturn and bankruptcies, digital assets and the technologies underlying them still have the potential to transform business models across sectors.

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Patagonia Founder Gives Away the Company to Fight Climate Change

NYT M&A

Yvon Chouinard has forfeited ownership of the company he founded 49 years ago. The profits will now be used to fight climate change.

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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's Escape Hatch

Global Finance

Elon Musk aims to be the second buyer in history to get out of a merger due to material adverse effects, but it won’t be easy.

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Voyager Assets, Customer Accounts To Be Acquired By FTX In $1.4B Deal

Benzinga

FTX US, the cryptocurrency exchange led by Sam Bankman-Fried, has won the bid to acquire Voyager Digital (OTC: VYGVQ ), the latter said in a statement late Monday. What Happened: The deal includes FTX buying all cryptocurrency held by Voyager, valued at $1.3 billion at current market prices. FTX is also providing an additional consideration that is estimated to add $111 million of incremental value.

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Risk Management and the Board of Directors

Harvard Corporate Governance

Posted by Martin Lipton, Wachtell, Lipton, Rosen & Katz, on Saturday, September 17, 2022 Editor's Note: Martin Lipton is a founding partner of Wachtell, Lipton, Rosen & Katz, specializing in mergers and acquisitions and matters affecting corporate policy and strategy. This post is based on a Wachtell, Lipton, Rosen & Katz memorandum. 1.

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Reducing food loss: What grocery retailers and manufacturers can do

Mckinsey and Company

An estimated $600 billion worth of food is lost during or just after harvest. Can manufacturers and grocers do anything about it? Definitely—and it will be good for business, people, and the planet.

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Investment Banking in Canada: Promising Career Launchpad, or Wintry Wasteland to Avoid?

Brian DeChesare

We covered investment banking in Canada a long time ago on this site, but things have changed over time – and the original article was light on details and numbers. Although there are some advantages to IB in Canada, it’s almost always better to start a finance career in the U.S. or U.K. I can already hear Canadian readers screaming and proclaiming the benefits of free healthcare, so I’ll acknowledge that Canada does have some advantages over the U.S.

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Alibaba Opens Books To Auditors

Global Finance

Alibaba is one of more than a hundred Chinese companies currently on the provisional list of firms facing delisting from the New York Stock Exchange over transparency and national security concerns.

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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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Why Voyager Token (VGX) Is Shooting Higher Today

Benzinga

Voyager Token (CRYPTO: VGX ), a token linked with digital assets trading firm Voyager Digital spiked 3.9% to $0.71 at 10:26 p.m. EDT. Voyager Token (VGX) Price Performance. Time-frame. % Change (+/-). 24-hour. 3.9%. 24-hour against Bitcoin (CRYPTO: BTC ). 0.6%. 24-hour against Ethereum (CRYPTO: ETH ). 0.4%. 7-day. -3.7%. 30-day. 55.5%. YTD-performance. -76.4%.

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Bumper City bonuses expected from takeover frenzy after pound hits record low

The Guardian M&A

UK firms now temptingly cheaper, with a ‘wave of bids’ from overseas buyers meaning payouts for bankers Bankers could rake in bumper bonuses from a “wave of bids” by overseas buyers for UK businesses made temptingly cheaper as a result of the plunge in the pound against the dollar. A fresh frenzy of merger and acquisition activity would mean a ramp-up in payouts for City dealmakers.

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Carve-Outs’ Popularity Soars as Businesses Pursue Growth

Harvard Corporate Governance

Posted by Gregory Pryor and Germaine Gurr, White & Case LLP, on Tuesday, September 6, 2022 Editor's Note: Gregory Pryor and Germaine Gurr are partners at White & Case LLP. This post is based on a White & Case memorandum by Mr. Pryor, Ms. Gurr, Lindsey Canning , and Jun Usami. Carve-out deals, whether conducted through a trade sale, buyout, or IPO, have become a vital tool for businesses to boost balance sheets and deliver shareholder value.

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Economic conditions outlook, September 2022

Mckinsey and Company

In stormy weather, survey respondents maintain realism about the global economy. While geopolitical conflicts and inflation remain top of mind, concerns about energy volatility predominate in Europe.

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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 Write a Finance Internship Resume with No Work Experience

Brian DeChesare

There has always been a catch-22 with most finance jobs: to gain the right experience, you need the right experience first. If you want an investment banking internship , you need a previous investment banking internship, usually at a smaller firm. If you want a sales & trading internship , you need previous trading experience. And as the recruiting process has moved up , this problem has gotten worse because you need these “pre-internships” even earlier to have a good shot at the large bank

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What is Strategy Execution Software, and Why do I Need it?

Rhythm Systems

The world has changed dramatically over the past decade. Businesses have become increasingly globalized, competition has intensified, and technology has transformed almost every aspect of a business. As a result, companies must adapt their strategies and tactics to stay competitive. This requires businesses to make strategic decisions about allocating resources, managing operations and communicating with customers and partners.

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Beyond the Three Lines: The Collaboration Imperative

Audit Board

The Three Lines model has served us well. But for the internal audit profession to mature beyond simply protecting value to also becoming value creators, we need to build collaborative relationships with our fellow assurance professionals. The risk bedlam of 2022 demands it. The concepts behind the three lines model haven’t changed much since it was first introduced as the Three Lines of Defense model 20 years ago.

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EXCLUSIVE: Global Psychedelics Company Silo Wellness Acquires Dyscovry Science, Including Access To Its Gov Collaborations

Benzinga

According to information procured exclusively by Benzinga ahead of an official announcement , global psychedelics company Silo Wellness Inc. (OTCQB: SILFF ) (CSE: SILO) (FSE: 3K7A) is acquiring Dyscovry Science Ltd. , a Toronto-based biotech company focused on biosynthetic manufacturing of psilocybin and its derivatives targeting irritable bowel syndrome.

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Safeguarding Trust: The Board’s Role in Integrating ESG and ERM

Harvard Corporate Governance

Posted by Maria Castañón Moats and Jamie Gamble, PricewaterhouseCoopers LLP, on Tuesday, September 20, 2022 Editor's Note: Maria Castañón Moats is Governance Insights Center Leader and Jamie Gamble is Managing Director at PricewaterhouseCoopers LLP. This post is based on their PwC 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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Sustainability in packaging: Five key levers for significant impact

Mckinsey and Company

Our survey reveals a strong commitment to sustainability in packaging, but few organizations are on track to meet these goals. We suggest five levers to get companies back on track.

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Economic headwinds: Financial institutions

LaPorte

(authored by RSM US LLP) The financial institutions ecosystem is in a unique position as the economy works through the current inflationary phase. The post Economic headwinds: Financial institutions first appeared on LaPorte.

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Your Customer Has Changed: Have You?

Rhythm Systems

No matter what business your company is in, it's a safe bet to assume that you'll need to be able to adapt to the changing conditions around you. In the same way that businesses change, customers change as well. Paying attention to your customers sounds easy enough, right? That might not always be the case….

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Agents of Change: Heather Acker of Baker Tilly

Audit Board

Join Richard Chambers for a new episode of his Agents of Change video series, featuring conversations with internal audit leaders from some of the world’s most prominent organizations about innovation in the profession. . In this episode, Richard sits down with Heather Acker, Managing Partner, Risk Advisory at Baker Tilly, to discuss internal audit’s critical role in today’s shifting risk environment and how to find auditors up for the task, including: Maintaining a flexible mindset and enabling

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Elon Musk Spent A Night Texting Oracle Co-Founder Before Walking Away From Twitter Deal: Report

Benzinga

Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk texted well into the night with Oracle Corporation (NYSE: ORCL ) co-founder Larry Ellison before putting on hold a $44 billion agreement to purchase Twitter Inc (NYSE: TWTR ). What Happened: A court filing made by Twitter said that Musk exchanged multiple text messages with Ellison beginning May 12 through 12:20 a.m. on May 13, reported Insider.

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Delaware’s Shifting Judicial Role in Business Governance

Harvard Corporate Governance

Posted by Randall S. Thomas (Vanderbilt University - Law School) , Robert B. Thompson (Georgetown University Law Center), and Harwell Wells (Temple University - James E. Beasley School of Law), on Tuesday, September 20, 2022 Editor's Note: Randall S. Thomas is Professor of Law and John S. Beasley II Chair in Law and Business at Vanderbilt University School of Law, Robert B.

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Data ethics: What it means and what it takes

Mckinsey and Company

Every company must establish its own best practices for managing its data. Here are five pitfalls to avoid based on our conversations with experts and early adopters.

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6 Key Reasons Why M&A Deals Are Falling Apart

Law 360 M&A

In the world of mergers and acquisitions, the word "definitive" isn't always, well, definitive. Deals can fall apart for an array of reasons, even in the best of times. But currently, a confluence of economic, geopolitical and regulatory factors is leading some market players to rethink things.

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5 CEO OKR Examples

Rhythm Systems

CEOs are busy people. They spend most of their time working hard to run their companies effectively. Objectives and Key Results, or OKRs, are one of the most effective tools that executive teams can do in order to achieve their results.

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Announcing ISA's 2022-2023 Board of Directors

ISA

9/7/2022 12:00:00 AM. Voting for ISA's 2022-2023 Board of Directors has ended and we would like to congratulate our recently elected members. Joining the Board of Directors for a three-year term are Len de Rohan, ISA CAPP, Pam Campbell, ISA CAPP, and Alyssa Stevens, ISA AM. These three members will join the six continuing members of the Board of Directors for the 2022-2023 year: Susan Boze, ISA CAPP Kim Kasten, ISA CAPP Sue McGovern-Hoffman, ISA CAPP Kathryn Minard, ISA CAPP Bruce Treadway, ISA

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EXCLUSIVE: Smart for Life Shares Plan To Scoop A Premier Nutraceuticals Company

Benzinga

Smart for Life, Inc (NASDAQ: SMFL ), which markets and manufactures nutritional foods and supplements worldwide, executed an agreement representing its largest acquisition to date. What Happened? Smart for Life entered a non-binding Letter of Intent (LOI) to acquire a premier eCommerce nutraceuticals company with operations in North America. Why Does It Matter?

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Boards Need More Women: Here’s How to Get There

Harvard Corporate Governance

Posted by Maria Castañón Moats and Shannon Schuyler, PricewaterhouseCoopers LLP, on Friday, September 23, 2022 Editor's Note: Maria Moats is Leader of the Governance Insights Center, and Shannon Schuyler is Chief Purpose and Inclusion Officer at PricewaterhouseCoopers LLP. This post is based on their PwC memorandum. Related research from the Program on Corporate Governance includes Politics and Gender in the Executive Suite (discussed on the Forum here ) by Alma Cohen, Moshe Hazan, and David Wei

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Securing Europe’s competitiveness: Addressing its technology gap

Mckinsey and Company

Even amid war in Europe and the energy and cost of living crisis that has resulted, the region needs to pay attention to its slow-motion corporate and technology crisis.

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Chancery Won't Delay Musk-Twitter, OKs Counterclaim

Law 360 M&A

Elon Musk won clearance Wednesday to amend his defense and counterclaims against a Delaware Court of Chancery suit by Twitter to force his closing on a $44 billion take private deal, but failed in a bid to delay an Oct. 17 trial kickoff for the dispute.

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Can Our DCAP Reimburse a Participant’s Claim for a “Late Fee”?

ThomsonReuters

QUESTION: One of our DCAP participants has submitted a reimbursement claim that includes a $20 “late fee.” This charge is in addition to the regular monthly day-care fee for the participant’s child and appears as a separate entry on the statement from the day-care center with no further explanation. Can we reimburse it? ANSWER: It depends on what the charge is for.

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