January, 2023

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The Valuation Profession in 2023

IVSC

Nick Talbot Chief Executive, IVSC ” As the global economy continues to evolve, the demand for high-quality valuations will only increase, making it an exciting time to be a valuer. Those who are able to adapt to the trends and challenges of the profession will be well-positioned to succeed in the years ahead. The valuation profession is constantly evolving, with new trends and developments emerging all the time.

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How Institutional Ownership and Board Diversity Affect Innovation

Reynolds Holding

In a new paper, we investigate the relationships between institutional ownership, board diversity, and corporate innovation in U.S.-listed firms. Institutional investors play a crucial role in a firm’s operation and exert considerable influence on the efficient monitoring of innovative investment. Theory predicts that institutional ownership has a positive effect on innovation investment.

Banking 94
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The CEO’s ESG dilemma

Harvard Corporate Governance

Posted by Peter Gassmann and Will Jackson-Moore, PricewaterhouseCoopers LLP, on Monday, January 23, 2023 Editor's Note: Peter Gassmann is a Global Leader of Strategy and Will Jackson-Moore is a Global ESG Leader 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 ) and Will Corporations Deliver to All Stakeholders?

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From tailwinds to crosscurrents: Resilient growth in wealth management

Mckinsey and Company

A decade of favorable macroeconomic conditions and relatively easy growth has ended, signaling a new urgency for US wealth managers to rethink operating models and reenergize growth.

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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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Top 4 Business Industries in Greenville, SC

Viking Mergers

Greenville, South Carolina, has one of the Southeast’s most thriving economies thanks to its improvements and innovations in the healthcare, education, and sustainability sectors. But there are a few primary business industries that are becoming extremely successful in the Greenville-Spartanburg area. Viking Mergers & Acquisitions is here to represent business owners moving into this diverse business city as well as owners looking to sell a business in one of Greenville’s most prosperous ind

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Shiba Inu Edges Out Litecoin As 13th Biggest Crypto With 19% Surge

Benzinga

Shiba Inu (CRYPTO: SHIB ) surpassed Litecoin (CRYPTO: LTC ) to become the thirteenth largest cryptocurrency by market capitalization early on Wednesday. What Happened: At the time of writing, SHIB’s market cap stood at $6.9 billion, while Litecoin’s market cap was at $6.3 billion. Shiba Inu saw a spike in its price after short bets worth nearly $790,000 were liquidated.

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Activist Investors Swarm Salesforce Amid Layoffs

Global Finance

Salesforce joins Microsoft and other tech companies in reducing headcount.

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Get boardroom ready: five ways to improve executive interactions with the board

Harvard Corporate Governance

Posted by Maria Castañón Moats, Paul DeNicola, Catie Hall, PricewaterhouseCoopers LLP, on Saturday, January 21, 2023 Editor's Note: Maria Castañón Moats is Leader, Paul DeNicola is a Principal, and Catie Hall is a Director at the Governance Insights Center at PricewaterhouseCoopers LLP. This post is based on their PwC memorandum. Why? Whether you are an executive who has been meeting with the board regularly for years or you are in a new role that’s landing you on the agenda, these brief inter

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What is generative AI?

Mckinsey and Company

Generative artificial intelligence (AI) describes algorithms (such as ChatGPT) that can be used to create new content, including audio, code, images, text, simulations, and videos. Recent new breakthroughs in the field have the potential to drastically change the way we approach content creation.

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Advisor Feature: Jackson Payne in Greenville, SC

Viking Mergers

As a former college basketball coach and the CFO of a small business, Jackson Payne has always had a passion for helping others achieve their goals. This passion has led him to his current role as a Senior Advisor at Viking M&A in Greenville, SC, where he specializes in helping small business owners navigate the complex world of selling a business.

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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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Is Finance a Good Career Path? The 2023 Update

Brian DeChesare

If you want to stimulate the urge to poke out your eyes and jump into a pool of lava, try searching for “Is Finance a Good Career Path?” or asking ChatGPT about it. Most articles present generic details everyone already knows, such as “finance jobs pay higher salaries, on average.”. The missing point is that a “good career path” implies something about the industry’s prospects over the next 10-20 years.

Finance 119
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Mary Barth appointed to IVSC Board of Trustees

IVSC

IVSC is pleased to announce the appointment of Professor Mary E. Barth to its Board of Trustees on an initial three-year term. Mary is the Joan E. Horngren Professor of Accounting, Emerita at Stanford University, Graduate School of Business (GSB). Previously, she was on the Harvard Business School faculty and an Arthur Andersen & Co audit partner.

Finance 130
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New Paths To Capital

Global Finance

Private debt funds, asset-based financiers and family offices fill the gaps left by traditional bank lenders.

Banking 116
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The board’s role: building trust in a multi-stakeholder world

Harvard Corporate Governance

Posted by Maria Castañón Moats, Paul DeNicola, and Matt DiGuiseppe, PricewaterhouseCoopers LLP, on Tuesday, January 3, 2023 Editor's Note: Maria Castañón Moats is Leader, Paul DeNicola is Principal, and Matt DiGuiseppe is Managing Director at the Governance Insights Center at PricewaterhouseCoopers LLP. This post is based on their PwC memorandum.

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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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One billion days lost: How COVID-19 is hurting the US workforce

Mckinsey and Company

COVID-19 may no longer be a pandemic, but the disease likely reduced the availability of the US workforce by as much as 2.6 percent in 2022—a burden on productivity that could last for years.

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Wait, Is Bill Gates Working On ChatGPT With Microsoft?

Benzinga

Reports surfaced Tuesday that Microsoft Corp (NASDAQ: MSFT ) was reportedly negotiating a $10 billion investment in OpenAI — the owner of ChatGPT, a large language chatbot that has turned the tech world on its heels in recent weeks. The deal has Microsoft taking a 49% stake in the company after it absorbs 75% of OpenAI’s profits until the Bill Gates -founded company recoups its investment.

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Will ChatGPT and AI Kill the Investment Banking Industry and Other “Knowledge Worker” Jobs?

Brian DeChesare

Unless you’ve been hiding under a rock, you probably noticed the excitement, hype, and borderline panic when ChatGPT from OpenAI was released in November 2022. If you haven’t yet created an account or tried it, you should – because it is quite impressive. You can ask the tool almost any question, and it will generate text or computer code in response (with some restrictions).

Banking 111
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Professional Insights: Olivier Mege – RQR

IVSC

Olivier Mege Founder and CEO, RQR Olivier founded Real Quality Rating (RQR) after 15 years in real estate asset management in Asia and 5 years at MSCI as global head of real estate index research. He is a member of the Royal Institution of Chartered Surveyors (RICS), a member of the Chartered Alternative Investment Association (CAIA), a member of the IPF (Investment Property Forum), a master of the Japanese Association for Real Estate Securitisation (ARES, Japan) and a certified transactor of th

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China Pumps Up The ‘Panda Bond’ Market

Global Finance

With interest rates rising in the West, China hopes its falling interest rates will attract multinationals to its domestic bond market.

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Activating Sustainability in the Boardroom

Harvard Corporate Governance

Posted by Laura Sanderson, Sarah Galloway, Russell Reynolds Associates, on Wednesday, January 4, 2023 Editor's Note: Laura Sanderson co-leads the Board and CEO Advisory Partners in Europe and Sarah Galloway is co-head of the Global Sustainability Practice at Russell Reynolds Associates. This post is based on a Russell Reynolds Associates memorandum by Ms.

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New year, new tech, no problem

Mckinsey and Company

McKinsey analyzed 14 new trends in its latest report on the most significant emerging technologies. Here are three for leaders to focus on right now.

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Cryptocurrency Market Size Worth USD 1902.5 Million by 2028 | Report by Fortune Business Insights

Benzinga

Pune, India, Jan. 18, 2023 (GLOBE NEWSWIRE) -- The global cryptocurrency market size was valued at USD 826.6 million in 2020. It is projected to rise from USD 910.3 Million in 2021 to USD 1902.5 Million by 2028 at a CAGR of 11.1% during the forecast period. Fortune Business Insights™ has published these insights in its latest research report titled, "Cryptocurrency Market Forecast, 2023-2028.".

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Trendspotting: Top Ten Payroll Issues of State Legislatures

ThomsonReuters

States eye workforce as a legislative priority for payroll The majority of state legislatures began their legislative sessions this January. A flurry of bills is being proposed in the payroll space — many having to do labor and employment. This came as no surprise to Tim Storey, CEO of the National Conference of State Legislators (NCSL). During an early-December 2022 NCSL Forecast 2023 meeting he explained the challenge to employ workers has been echoed by legislators nationwide.

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Company insolvencies rise 32% in December

Accountancy Today

There were 1,964 company insolvencies in December 2022, up 32% compared with December 2021 (1,489) and 76% higher than the number registered three years previously, according to the latest figures from the Insolvency Service. It found there were 183 compulsory liquidations in December 2022, more than three and a half times as many as in December 2021 and 8% higher than in December 2019.

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No Rest For The Weary

Global Finance

Corporates and banks face a tight deadline to finalize migration from Libor.

Banking 105
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2022 U.S. CEO Outlook

Harvard Corporate Governance

Posted by John Rodi, KPMG LLP, on Thursday, January 5, 2023 Editor's Note: John Rodi is the leader of the KPMG Board Leadership Center (BLC). This post is based on his KPMG memorandum. Overview. On the heels of the pandemic, CEOs are now facing another turbulent period. Our latest CEO Outlook is being released amid a business environment marred by high inflation, geopolitical tensions and fears of a recession.

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2023, a testing year: Will the macro-scenario range widen or narrow?

Mckinsey and Company

Will the world move to solve its structural problems and make superior short-term choices? Yes or no: that’s the first question on the test.

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World Wrestling Entertainment Reviews Potential Sale, Return Of Former Chief Vince McMahon; Stock Soars

Benzinga

World Wrestling Entertainment, Inc (NYSE: WWE ) shares are gaining in the after-hours session on the news report that the company could be exploring a potential sale. The Wall Street Journal reported that former chief Vince McMahon, who retired after allegations of sexual misconduct, plans to return to the company. In July 2022, McMahon, the renowned promoter, who helped establish the careers of top stars such as Dwayne "The Rock" Johnson and John Cena , confirmed that he would officia

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5 Steps to Peak Performance in Business

Rhythm Systems

Peak performance refers to the highest level of performance that an individual or organization can achieve in a particular task or activity. It is the point at which a person or group is operating at their best, utilizing its full range of abilities and resources to achieve optimal results.

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IRS Announces 2023 Standard Mileage Rates and Vehicle Value Limitations

ThomsonReuters

IRS Notice 2023-03 (Dec. 29, 2022); IRS News Release IR-2022-234 (Dec. 29, 2022). Notice. News Release. The IRS has announced the optional 2023 standard mileage rates for business, medical, and other uses of an automobile, and the 2023 vehicle values that limit the application of certain rules for valuing an automobile’s use. For 2023, the business standard mileage rate is 65.5 cents per mile (a 3-cent increase from the 62.5-cent rate that applied during the second half of 2022—see our Checkpoin

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And the BVR Survey Says, Part 2

BVR

Check out the attendee survey results from the BVR webinar: 2023 Overview of the Marijuana Industry: The Coming Wave of Consolidation and Beyond. Opportunities Abound!

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2022 U.S. Shareholder Activism and Activist Settlement Agreements

Harvard Corporate Governance

Posted by Melissa Sawyer, Lauren Boehmke and Susan Lindsay, Sullivan & Cromwell LLP, on Thursday, January 5, 2023 Editor's Note: Melissa Sawyer , Lauren Boehmke are partners and Susan M. Lindsay is counsel at Sullivan & Cromwell LLP. This post is based on a Sullivan & Cromwell memorandum by Ms. Sawyer, Ms. Boehmke, Ms. Lindsay, Rodge Cohen , and Marc Treviño.

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Artificial intelligence in strategy

Mckinsey and Company

AI tools can help executives avoid biases in decisions, pull insights out of oceans of data, and make strategic choices more quickly. And that’s just the beginning.

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JPMorgan Paid $175 Million for a Business It Now Says Was a Scam

NYT M&A

Charlie Javice promised to simplify the college financial aid process. It was a compelling pitch. Especially, as now seems likely, to those with little firsthand knowledge of financial aid.