Sat.Dec 02, 2023 - Fri.Dec 08, 2023

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Business Valuation: Working Through the Process is a Two-Way Street

BV Specialists

When you decide your company needs to be valued for whatever reason, whether you are seeking additional working capital, taking on new investors, buying out a partner, retiring, or in the middle of a personal or professional dispute, you want the end result to be supportable and reasonable. It’s important to keep in mind that the appraiser you select knows little to nothing about your business until you begin to communicate and share information.

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SEC Risk Factors Disclosure Analysis

Harvard Corporate Governance

Posted by Dean Kingsley, Matt Solomon, Deloitte & Touche LLP, and Kristen Jaconi (USC Marshall), on Sunday, December 3, 2023 Editor's Note: Dean Kingsley is a Principal and Matt Solomon is a Senior Manager at Deloitte & Touche LLP. Kristen Jaconi is an Associate Professor of the Practice in Accounting and Executive Director at Peter Arkley Institute for Risk Management at the USC Marshall School of Business.

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IVSC Standards Review Board Ratifies New Edition of International Valuation Standards (IVS)

IVSC

The International Valuation Standards Council (IVSC) is pleased to announce that its Standards Review Board (SRB) has unanimously approved the forthcoming edition of the International Valuation Standards (IVS), set for release in January 2024. The SRB, led by Chair Susan DuRoss, comprises global experts in technical standards, including leaders of the IVSC’s Asset Standards Boards – the Business Valuation Board, Financial Instruments Board, and Tangible Assets Board.

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Capturing the full value of generative AI in banking

Mckinsey and Company

Setting up gen AI pilots is easy; scaling them to capture material value is hard. A recipe for success is emerging.

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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 Elon Musk and Larry Page’s AI Debate Led to OpenAI and an Industry Boom

NYT M&A

The people who were most afraid of the risks of artificial intelligence decided they should be the ones to build it. Then distrust fueled a spiraling competition.

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SEC’s SolarWinds complaint Demonstrates Regulator’s Aggressive Enforcement on Cybersecurity

Harvard Corporate Governance

Posted by Brock Dahl, Timothy Howard, and Pamela Marcogliese, Freshfields Bruckhaus Deringer LLP, on Wednesday, December 6, 2023 Editor's Note: Brock Dahl , Timothy Howard , and Pamela Marcogliese are Partners at Freshfields Bruckhaus Deringer LLP. This post is based on a Freshfields memorandum by Mr. Dahl, Mr. Howard, Ms. Marcogliese, Elizabeth Bieber , Beth George , and Mark Appleton.

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Unlocking the potential of generative AI: Three key questions for government agencies

Mckinsey and Company

Government organizations may seek to jump on the gen AI bandwagon, but the technology’s complexities could sideline their efforts. Our framework addresses some critical implementation questions.

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Alaska Airlines Plans to Buy Hawaiian Airlines

NYT M&A

The deal, valued at $1.9 billion, is likely to face close scrutiny by federal antitrust regulators.

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Market Response to Racial Uprisings

Harvard Corporate Governance

Posted by Bocar Ba (Duke University), Roman Rivera (University of California, Berkeley), and Alexander Whitefield (University of Pennsylvania), on Tuesday, December 5, 2023 Editor's Note: Bocar Ba is Assistant Professor of Economics at Duke University, Roman Rivera is a Postdoctoral Scholar at the IRLE at University of California, Berkeley, and Alexander Whitefield is a Ph.D. student of Applied Economics at University of Pennsylvania.

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4 Things a Part-Time CFO Can Do for a Business Startup

Redpath

Most startups don’t need a full-time chief financial officer. However, most business founders are not accountants, and CFO-level expertise is essential to get any new venture off to a sound start and onto a path toward future growth. A part-time CFO can help your fledgling business in four essential ways –stewardship, operations, strategy, and creating long-term business value.

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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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How generative AI can boost consumer marketing

Mckinsey and Company

From automating processes and powering hyperpersonalization to permanently altering the idea generation process, generative AI is poised to be a catalyst for a new age of marketing capabilities.

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Mergers Like JetBlue’s Proposed Acquisition of Spirit Usually Turn Out to Be Bad

NYT M&A

Something to consider as JetBlue seeks to buy Spirit.

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Taking Personhood Seriously in Corporate Law

Harvard Corporate Governance

Posted by Asaf Raz (University of Pennsylvania), on Monday, December 4, 2023 Editor's Note: Asaf Raz is a Research Fellow at the University of Pennsylvania Carey Law School. This post is based on his article , forthcoming in the Columbia Business Law Review , and is part of the Delaware law series. The evolution of corporate law is tied to developments, or often shocks, in the broader social and legal landscape.

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2023 Year-End Guide - Tax Accounting Methods

Machen McChesney

A taxpayer’s tax accounting methods determine when income is recognized and costs are deducted for income tax purposes. Strategically adopting or changing tax accounting methods can provide opportunities to drive tax savings and increase cash flow. However, the rules covering the ability to use or change certain accounting methods are often complex, and the procedures for changing methods depend on the mechanism for receiving IRS consent — that is, whether the change is automatic or non-automati

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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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Future-proofing health systems for climate risks and pandemics

Mckinsey and Company

Climate change and infectious-health risks are threatening health systems across the globe. High-impact investments that address these risks concurrently could also help build resilient health systems.

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Yellow Rejects a Bid to Restart Trucking Company

NYT M&A

In a letter, Yellow’s management said an effort to buy the company and revive its operations by an executive from a different trucking firm was “not viable.

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Recent Trends in Board Composition and Refreshment in the Russell 3000 and S&P 500

Harvard Corporate Governance

Posted by Matteo Tonello, The Conference Board, on Thursday, December 7, 2023 Editor's Note: Merel Spierings is Senior Researcher at The Conference Board ESG Center in New York. This post relates to Corporate Board Practices in the Russell 3000, S&P 500, and S&P MidCap 400: Live Dashboard , a live online dashboard published by The Conference Board and ESG data analytics firm ESGAUGE , in collaboration with Debevoise & Plimpton , the KPMG Board Leadership Center , Russell Reynolds Ass

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Woodside and Santos seek global scale in LNG with $52bn merger plan

Financial Times M&A

Combination would consolidate almost all of Australia’s liquefied natural gas sector

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An update on European consumer sentiment: Uncertainty lingers

Mckinsey and Company

Consumer confidence was mixed across the region as geopolitical concerns and price increases weighed on shoppers. Here’s the latest research from our ConsumerWise team.

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How AI can transform the way accountants work — for the better

ThomsonReuters

As technology has evolved, so too has the accounting profession. From paper-based processes to cloud-based software, accountants are no strangers to change. No previous advancement, however, has had the potential to alter accounting (and many other industries) quite like generative artificial intelligence. But for those who embrace AI, there is a strategic opportunity to capitalize on its many benefits while protecting and even uplifting the irreplaceable human connection.

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2023 Climate Disclosures in the Russell 3000 and S&P 500

Harvard Corporate Governance

Posted by Matteo Tonello, The Conference Board, on Tuesday, December 5, 2023 Editor's Note: Steve Newman is a Contributing Author at The Conference Board ESG Center in New York. This post relates to a Conference Board research report authored by Mr. Newman and is based on Corporate Environmental Practices in the Russell 3000, S&P 500, and S&P MidCap 400: Live Dashboard , a live online dashboard published by The Conference Board and ESG data analytics firm ESGAUGE.

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Arctos takes stake in Paris Saint-Germain to value club at more than €4bn

Financial Times M&A

Qatari owners bring in sports-focused US private equity group

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Why do organizations have COOs?

Mckinsey and Company

The operations lead is the counterweight to the external-facing CEO, building organizational resilience and employee empowerment.

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M&A Process: Best Practices for Approaching the Closing Table

Redpath

Mergers and acquisitions are not “business-as-usual” financial transactions. There is a lot at stake—everything, really. Buyers and sellers want to get deals to close in a timely and efficient manner, but getting across the finish line is easier said than done. By the time closing approaches, there are a variety of emotions being experienced by both the buyer and the seller.

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Attorney General Barr Could Use Some Help On Delaware Law

Harvard Corporate Governance

Posted by Hon. J. Travis Laster, Delaware Court of Chancery, on Wednesday, December 6, 2023 Editor's Note: The Honorable J. Travis Laster is Vice Chancellor at the Delaware Court of Chancery. This post is based on his article and is part of the Delaware law series ; links to other posts in the series are available here. The universe regularly provides reminders to remain humble, including reminders that having expertise in one area does not make you an expert in adjacent areas.

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UAE takes big stakes in struggling UK offshore wind market

Financial Times M&A

Proposed 49% holding in East Anglia wind farm is latest in string of Emirati deals in Britain

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What does a chief transformation officer do?

Mckinsey and Company

A chief transformation officer is the high-level orchestrator of a business transformation.

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How Do Higher Interest Rates Impact Deal Making

A Neumann & Associates

Higher Interest rates generally have a negative impact on Mergers & Acquisitions (M&A) deals as most buyers finance a portion of their acquisition of target companies with debt. In this article, we will outline some of the negative, but also positive outcomes that higher interest rates have on the lower middle M&A market. For one, with debt costs surging, acquisitions become more expensive, having a direct negative impact on return on investment, or “ROI”, for an investor.

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SEC Outlines 2024 Examination Priorities

Harvard Corporate Governance

Posted by Aaron Gilbride, Marlon Q. Paz and Naim Culhaci, Latham & Watkins LLP, on Saturday, December 2, 2023 Editor's Note: Aaron Gilbride and Marlon Q. Paz are Partners and Naim Culhaci is a Counsel at Latham & Watkins LLP. This post is based on a Latham memorandum by Mr. Gilbride, Mr. Paz, Mr. Culhaci, Laura Ferrell , Jamie Lynn Walter and Stephen P.

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KPMG plans merger of UK and Swiss businesses

Financial Times M&A

Tie-up subject to votes by partners in both countries as consultancy seeks to boost growth and move past scandals

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Forward Thinking on the tricky business of removing carbon from our world with Nan Ransohoff

Mckinsey and Company

A leading market maker for investment in carbon removal believes that tackling climate change has to be done quickly, but that the problem is tractable. Doom-laden thinking has gone too far.

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A Cost Segregation Study May Cut Taxes and Boost Cash Flow

Machen McChesney

Is your business depreciating over 30 years the entire cost of constructing the building that houses your enterprise? If so, you should consider a cost segregation study. It may allow you to accelerate depreciation deductions on certain items, thereby reducing taxes and boosting cash flow.

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Remarks by Chair Gensler Before the American Bar Association

Harvard Corporate Governance

Posted by Gary Gensler, U.S. Securities and Exchange Commission, on Friday, December 8, 2023 Editor's Note: Gary Gensler is Chair of the U.S. Securities and Exchange Commission. This post is based on his recent remarks. The views expressed in this post are those of Chair Gensler, and do not necessarily reflect those of the Securities and Exchange Commission or its staff.

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Japanese housebuilders hunt US M&A deals

Financial Times M&A

Three of the country’s biggest developers eye growth outside shrinking domestic market