Sat.Dec 16, 2023 - Fri.Dec 22, 2023

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Evolving Notions of Board Effectiveness

Harvard Corporate Governance

Posted by Richard Alsop, Shearman & Sterling LLP, on Tuesday, December 19, 2023 Editor's Note: Richard Alsop is a Partner at Shearman & Sterling LLP. This post is based on his Shearman memorandum. BOARD EFFECTIVENESS – TRADITIONAL APPROACHES Maximizing board effectiveness has been an ongoing and somewhat elusive corporate governance objective for U.S. corporate boards, executives and stockholders.

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The impact of generative AI on Black communities

Mckinsey and Company

Generative AI has the potential to widen the racial economic gap in the United States by $43 billion each year. But deployed thoughtfully, it could actually remove barriers to Black economic mobility.

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Warner Bros. Discovery in Talks to Merge With Paramount

NYT M&A

The talks, which are said to be in the early stages, add Warner Bros. Discovery to the list of companies pursuing a possible deal with Paramount.

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The Top Internal Audit Articles of 2023

Internal Audit 360

T here’s a palpable concern for the future among internal auditors. I wouldn’t quite call it anxiety, but there’s certainly some underlying angst about how the next few years will play out for internal auditors. There’s consternation, for sure, over how things like artificial intelligence, increasing digitalization, the data of everything, climate change, political uncertainly, and geopolitical tension will impact the business world as a whole and internal auditing in par

Start-ups 116
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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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CEO Succession and The Walt Disney Company

Harvard Corporate Governance

Posted by David F. Larcker and Brian Tayan (Stanford University), on Friday, December 22, 2023 Editor's Note: David F. Larcker is the James Irvin Miller Professor of Accounting, Emeritus; and Brian Tayan is a researcher with the Corporate Governance Research Initiative at Stanford Graduate School of Business. This post is based on their recent paper.

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Five big shifts shaping a new world for corporate and investment banks

Mckinsey and Company

Macroeconomic, technological, regulatory, market structure, and product changes mean corporate and investment banks must take new approaches to tackling the opportunities and challenges ahead.

Banking 144

More Trending

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Nippon Steel agrees to buy US Steel for $14.9bn

Financial Times M&A

Japanese company targets American market with biggest ever acquisition

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Does Paying Passive Managers to Engage Improve ESG Performance?

Harvard Corporate Governance

Posted by Marco Becht (Université libre de Bruxelles) and Kazunori Suzuki (Waseda University), on Monday, December 18, 2023 Editor's Note: Marco Becht is Professor of Finance at the Solvay Brussels School of Economics and Management (ULB), and Kazunori Suzuki is a Professor at Finance at Waseda University. This post is based on a recent paper by Mr.

Finance 218
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Global Economics Intelligence executive summary, November 2023

Mckinsey and Company

Elevated interest rates weigh on consumer confidence; central banks hold rates, except in Brazil (down) and Russia (up); inflation subsiding for now and is negative in China; growth subdued in Europe.

Banking 142
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Why Is Shari Redstone, Ruler of a Vast Media Kingdom, Weighing a Sale?

NYT M&A

She fought to keep control of her family’s media empire. Now she’s considering an exit as financial pressures mount.

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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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Empowering entrepreneurs: top takeaways from FounderMetrics

Vested

FounderMetrics podcast series one: the highlights. Dive into business metrics and a lot more besides with Vestd founder Ifty Nasir and special guests.

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Preparing for Year Two of Pay versus Performance Disclosures

Harvard Corporate Governance

Posted by Mike Kesner, Ed Sim, and Ben Stradley, Pay Governance, on Tuesday, December 19, 2023 Editor's Note: Mike Kesner is a Partner, Ed Sim is a Consultant, and Ben Stradley is a Managing Partner at Pay Governance. This post is based on their recent article. Related research from the Program on Corporate Governance includes Executive Compensation as an Agency Problem , Pay without Performance: The Unfulfilled Promise of Executive Compensation , and Paying for long-term performance (discussed

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How to reignite growth through adjacencies

Mckinsey and Company

Advanced-industries companies that enter adjacent markets with the right approach can outgrow and outperform their peers.

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Monsanto Should Pay $857 Million in P.C.B. Case, Jury Finds

NYT M&A

Students and parent volunteers from a school in Washington State said in a lawsuit that they had become sick after being exposed to chemicals known as P.C.B.s. that had dripped from light fixtures.

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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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Failed Warburg talks reveal BlackRock’s private equity ambitions

Financial Times M&A

Discussions about a possible strategic partnership foundered over two firms’ competing visions

Equity 110
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The Carrot and the Stick: Bank Bailouts and the Disciplining Role of Board Appointments

Harvard Corporate Governance

Posted by Vincenzo Pezone (Tilburg University), on Thursday, December 21, 2023 Editor's Note: Vincenzo Pezone is an Associate Professor of Finance at Tilburg University. This post is based on a recent paper by Professor Pezone, Christian Mücke , Loriana Pelizzon , and Anjan V. Thakor. Normal 0 false false false false EN-GB X-NONE X-NONE Despite the well-publicized negative effect of bailouts on ex ante incentives, it is often practically infeasible for governments to avoid bailing out failing ba

Banking 190
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Payment integrity in the age of AI and value-based care

Mckinsey and Company

The rise of AI and value-based care is poising the $9 billion payment integrity industry for change.

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Why a Warner Bros.-Paramount Merger Does (and Doesn’t) Makes Sense

NYT M&A

A potential deal could bolster their streaming businesses and negotiating power with cable operators. But their crushing debt load could be a turn-off.

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Streaming Mega Merger? Warner Bros, Paramount CEOs Met On A Potential Deal Tuesday - Axios

Benzinga

David Zaslav , CEO of Warner Bros. Discovery, Inc. (NASDAQ: WBD ), and Bob Bakish , CEO of Paramount Global , met on Tuesday and spoke for several hours about a potential merger. Here's what you need to know. The Details: According to an Axios , the meeting focused on areas such as how the companies could complement one another. Warner Bros. Discovery's ability to leverage Paramount's children's programming assets and the combination of CBS News and CNN into a massive global news

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Recent Developments for Directors

Harvard Corporate Governance

Posted by Julia Thompson, Keith Halverstam, and Jenna Cooper, Latham & Watkins LLP, on Wednesday, December 20, 2023 Editor's Note: Julia Thompson , Keith Halverstam , and Jenna Cooper are Partners at Latham & Watkins LLP. This post is based on a Latham & Watkins memorandum by Ms. Thompson, Mr. Halverstam, Ms. Cooper, Charles Ruck , Ryan Maierson , and Joel Trotter.

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New-business building: Six cybersecurity and digital beliefs that can create risk

Mckinsey and Company

In the race to build new businesses, decision makers often overlook risk management and cybersecurity. We have identified six misconceptions that executives often bring to the table.

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Renewable energy tax credits: Geothermal, solar, biomass, wind power, and more

ThomsonReuters

Jump to: How do renewable energy tax credits work? What renewable energy tax incentives does the IRS offer for individuals vs. businesses? Overview of clean energy credits by energy type Helping clients with renewable energy credits In recent years, the U.S. and other countries around the world have placed a growing emphasis on sustainability and green energy.

Start-ups 110
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Adobe Scraps Its $20 Billion Takeover of Figma

NYT M&A

Adobe will pay a $1 billion breakup fee to the design software maker, amid greater antitrust scrutiny of mergers.

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Securities and Derivative Litigation: Quarterly Update

Harvard Corporate Governance

Posted by Joni Jacobsen, Stuart Steinberg, and Melanie MacKay, Dechert LLP, on Saturday, December 16, 2023 Editor's Note: Joni Jacobsen , Stuart Steinberg , and Melanie MacKay are Partners at Dechert LLP. This post is based on a Dechert memorandum by Ms. Jacobsen, Mr. Steinberg, Ms. MacKay, Vince Montoya-Armanios , and Vishan J. Patel. With just one quarter remaining in 2023, securities and derivative litigation continues to develop with new standards being articulated or clarified, particularly

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The art and science of reducing retail shrink

Mckinsey and Company

For retailers, battling shrink requires a data-informed, collaborative, store-by-store approach. The payoff: higher profits and better customer experience.

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Simon Robey scores £20mn payday as Robey Warshaw profits climb

Financial Times M&A

The boutique firm where George Osborne is a partner posted a 5.

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Choice Hotel Franchise Owners Push Back on Merger With Wyndham

NYT M&A

Franchisees are fighting Choice Hotels’ attempted takeover of its biggest rival, which would create a dominant player in the budget hotel sector.

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A Review of the 2023 Proxy Season: An E&S Backlash?

Harvard Corporate Governance

Posted by Lara Aryani and William Kim, Shearman & Sterling LLP, on Thursday, December 21, 2023 Editor's Note: Lara Aryani is a Partner and William Kim is an Associate at Shearman & Sterling LLP. This post is based on their Shearman 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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How airline CIOs can turn IT from a cost center to a profit center

Mckinsey and Company

Airlines could generate significant EBITDA value by rethinking the role of IT and transforming the function from a cost center to one that drives operational and commercial performance.

EBITDA 128
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Turkish brewer to acquire AB InBev stake in Russian joint venture

Financial Times M&A

Anadolu Efes will not pay for the share with western companies continuing their difficult exit from Russia

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Cisco's Cybersecurity Coup: Plans To Buy Cloud-Native Networking And Security Startup Isovalent

Benzinga

Cisco Systems, Inc. (NASDAQ: CSCO ) on Thursday said it plans to acquire privately held Isovalent, Inc., an open source cloud native networking and security company. Together, Cisco and Isovalent will build leading-edge protection for every workload on every cloud. The acquisition of Isovalent will build on the Cisco Security Cloud vision, an AI-driven, cloud-delivered, integrated security platform for organizations of any shape and size.

Equity 105
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SEC Defeats Summary Judgment Bid in ‘Shadow Insider Trading’ Case

Harvard Corporate Governance

Posted by Peter Altman, Katherine Goldstein, and Douglas Rappaport, Akin Gump Strauss Hauer & Feld LLP, on Sunday, December 17, 2023 Editor's Note: Peter Altman , Katherine Goldstein and Douglas Rappaport are Partners at Akin Gump Strauss Hauer & Feld LLP. This post is based on a memorandum by Mr. Altman, Ms. Goldstein, Mr. Rappaport, Michael Asaro , Parvin Daphne Moyne , and Brian Daly.

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How digital healthcare in Turkey could improve efficiency and outcomes

Mckinsey and Company

Building on its existing digital health foundation, Türkiye could encourage growth of a thriving digital health sector, improving health system efficiency and care outcomes for millions of patients.

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Finance and Accounting Considerations for Businesses in Growth Mode

Redpath

By definition, even the newest startup is in growth mode. But as your company starts to mature you may find yourself growing faster than expected.

Finance 105