Sat.Jun 15, 2024 - Fri.Jun 21, 2024

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Shareholders are Not An Antitrust Problem

Harvard Corporate Governance

Posted by Nell Minow, ValueEdge Advisors, on Thursday, June 20, 2024 Editor's Note: Nell Minow is Vice Chair of ValueEdge Advisors. Not to suggest that they are making up their mind before hearing the evidence, but the House Subcommittee on the Administrative State, Regulatory Reform, and Antitrust may be suggesting their conclusion by titling the June 12 hearing “Climate Control: Decarbonization Collusion in Environmental, Social, and Governance (ESG) Investing.

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From ripples to waves: The transformational power of tokenizing assets

Mckinsey and Company

Tokenized financial assets are moving from pilot to at-scale deployment. Adoption is not yet widespread, but financial institutions with blockchain capabilities in place will have a strategic advantage.

Banking 145
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Nvidia To Acquire Shoreline.Io For $100M As Jensen Huang-Led AI Stalwart Aims To Cut Revenue Reliance On Microsoft, Amazon And More: Report

Benzinga

Nvidia Corp. (NASDAQ: NVDA ) has reportedly agreed to acquire Shoreline.io , a software startup, for an estimated $100 million. What Happened : The acquisition deal was recently finalized, according to sources familiar with the matter, as reported by Bloomberg on Tuesday. The sources, who chose to remain anonymous, disclosed that the deal values Shoreline at approximately $100 million.

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Hyundai India’s IPO Filing Highlights Confidence In Surging India Markets

Global Finance

Hyundai’s IPO could top Life Insurance Corp.’s 2022 offering that raised a record $2.7 billion. The Hyundai India IPO that was announced earlier this year has become a bellwether for the health of Indian stock markets and particularly its IPO market, now that the South Korean carmaker has reportedly filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) on June 15.

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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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Reality Catches Up with the Anti-Shareholder Narrative

Harvard Corporate Governance

Posted by Luke Morgan, As You Sow, on Sunday, June 16, 2024 Editor's Note: Luke Morgan is a Staff Attorney at As You Sow. The political and corporate interests seeking to restrict shareholder rights are carefully cultivating a narrative that the shareholder proposal process is out of control, “hijacked” by “activist” proponents abusing the system to advance unpopular proposals at the expense of “real” investors.

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Decarbonizing logistics: Charting the path ahead

Mckinsey and Company

Companies need to reduce their logistics emissions to meet decarbonization targets, but a new McKinsey survey finds that few companies have clear plans to do so. What is the best path forward?

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Glassblowing Makes Me A Better Lawyer

Law 360 M&A

I never expected that glassblowing would strongly influence my work as an attorney, but it has taught me the importance of building a solid foundation for your work, learning from others and committing to a lifetime of practice, says Margaret House at Kalijarvi Chuzi.

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National Public Opinion Survey Finds Voters Skeptical About Congressional “Anti-ESG” Policies

Harvard Corporate Governance

Posted by Jon Golinger, Public Citizen, on Thursday, June 20, 2024 Editor's Note: Jon Golinger is the Democracy Advocate with Public Citizen in Washington, D.C. This post is based on the results of a public opinion poll commissioned by Public Citizen and conducted by Lake Research Partners in November 2023. Last summer, leaders of the U.S. House of Representatives declared July 2023 to be “ ESG month.

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Netherlands advanced: Building a future labor market that works

Mckinsey and Company

The Netherlands has high ambitions for living standards, housing, healthcare, education, and the environment, requiring higher productivity growth through technology and a “train of job transitions.

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IRS announces new phase of ERC Processing

LaPorte

(authored by RSM US LLP) The IRS is entering a new stage of Employee Retention Credit claim processing. The September 2023 moratorium continues, and claims filed before then are being slowly processed. The post IRS announces new phase of ERC Processing first appeared on LaPorte.

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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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Christine Rutherford Brings Strategy, Mentorship, and High Standards  to Rhythm and Beyond

Rhythm Systems

Christine Rutherford brings strategy, mentorship, and high standards to Rhythm and Beyond, sharing insights on her career journey, empowering women in business, and navigating challenges in the sales landscape.

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The Expansion of ESG Beyond Proxy Voting

Harvard Corporate Governance

Posted by Dimitri Zagoroff, Glass, Lewis & Co., on Tuesday, June 18, 2024 Editor's Note: Dimitri Zagoroff is Senior Editor at Glass, Lewis & Co. This post is based on a Glass Lewis memorandum by Mr. Zagoroff, Courteney Keatinge, and Eric Shostal. In the complex world of proxy voting, a little background context goes a long way. The Wall Street Journal’s Editorial Board recently cited a one-year decline in voting support for ESG-related shareholder proposals as evidence that asset mana

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Six imperatives for credit unions to secure their future

Mckinsey and Company

Credit union members are aging, and young people tend to see these institutions less favorably than their elders do. Here are six strategies for bringing in younger members to weather the years ahead.

Banking 126
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Do risk managers manage risk?

Norman Marks

Stefan Hunziker recently wrote an excellent piece on LinkedIn. He wrote: As clear as mud: Do risk managers or decision-makers manage risk? I congratulated him for his post, but I want to go into his question in more detail here. Let’s consider the ISO 31000:2018 diagram of a risk management process.

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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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DBS Equity Capital Markets Head Art Karoonyavanich On A Decade Of Growth

Global Finance

A 10-year veteran at DBS Bank, Karoonyavanich recently expanded his role to cover all Equity Capital Markets business for the bank globally when the firm merged its equities, fixed income and brokerage businesses to form a new Investment Banking unit. The Investment Banking unit, which sits within DBS’ newly formed Global Financial Markets group, has already marked a stellar year, further solidifying the bank’s capital markets presence in key regions like Singapore, mainland China, Hong Kong, In

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Early Season Review: 2024 US AGM

Harvard Corporate Governance

Posted by Kilian Moote and Amanda Buthe, Georgeson LLC, on Sunday, June 16, 2024 Editor's Note: Kilian Moote is a Managing Director and Amanda Buthe is a Director at Georgeson LLC. Early results from the 2024 annual general meeting (AGM) season suggest that the major trends, of record-breaking shareholder proposal submissions, declining support for anti-ESG, environmental and social proposals, as well as strong support for say on pay and director elections; all of which emerged during the past f

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Advanced semiconductors for the era of centralized E/E architectures

Mckinsey and Company

Next-gen automotive E/E architectures require sophisticated centralized compute units to cope with increasing feature needs. Fusion chips and chiplet-based designs are potential enablers.

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Hess-Chevron Merger Hits Snag As Arbitration Delays Put Timeline In Doubt: Report

Benzinga

The merger of Hess Corporation (NYSE: HES ) and Chevron Corporation (NYSE: CVX ) is reportedly stalled as the contract arbitration panel remains incomplete three months after the case was filed. This delay is stalling the decision on whether Exxon Mobil has a right of first refusal over Hess’ Guyana operations, reported Reuters. According to the report, the third and final arbitrator has not yet been appointed, and this delay could mean that no decision will be made this year, contrary t

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Latham Leads Boston Scientific On $1.16B Silk Road Deal

Law 360 M&A

Latham & Watkins-advised Boston Scientific Corp. said Tuesday it has agreed to acquire medical device maker Silk Road Medical Inc., represented by Wilson Sonsini, at an enterprise value of approximately $1.16 billion.

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Vice Capital

Harvard Corporate Governance

Posted by Andrew Jennings (Emory University) and Kimberly D. Krawiec (University of Virginia), on Friday, June 21, 2024 Editor's Note: Andrew Jennings is an Associate Professor of Law at Emory University School of Law and Kimberly D. Krawiec is the Charles O. Gregory Professor of Law and Sullivan and Cromwell Professor of Law at the University of Virginia School of Law.

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Author Talks: Ruchir Sharma on the pitfalls and promise of the capitalist system

Mckinsey and Company

“Money makes the world go round,” but Rockefeller International chairman Ruchir Sharma argues that capitalism really isn’t achieving its full potential. If financial bailouts aren’t the answer, what is?

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Plan Sponsors, are You Ready for New Forfeiture Rules?

LaPorte

In February 2023, the IRS released proposed regulations that address how plan administrators should treat and report contributions that have been forfeited back to their… The post Plan Sponsors, are You Ready for New Forfeiture Rules? first appeared on LaPorte.

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5 Steps To Navigating State Laws On Healthcare Transactions

Law 360 M&A

As more states pass legislation requiring healthcare-transaction notice, private equity investors and other deal parties should evaluate the new laws and consider ways to mitigate their effects, say Carol Loepere and Nicole Aiken-Shaban at Reed Smith.

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Activists step up proxy fights to ignite deal talks

Harvard Corporate Governance

Posted by Antoinette Giblin, Diligent Market Intelligence, on Tuesday, June 18, 2024 Editor's Note: Antoinette Giblin is Editorial Manager at Diligent Market Intelligence (DMI). This post is based on her Diligent memorandum. With optimism around a possible uptick in M&A, a small subset of investors relying on this thesis are adding to the pressure on their targets by advancing board slates at the same time as demanding a sale of the company.

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Octopus Energy to repay £3bn of state support used to take over Bulb

The Guardian M&A

The reimbursement, part of the terms of the takeover, means the 2021 bailout cost the public almost nothing Business live – latest updates Octopus Energy is poised to repay the UK government almost £3bn to cover the state support it received to take over the collapsed energy supplier Bulb. Octopus will reimburse the government by September in a move that will enable the Treasury to effectively claw back almost all the costs of temporarily nationalising Bulb.

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Business Valuation: Which Methodology Works Best for Your Company?

BV Specialists

The type of small business you own and its operating history will largely dictate how a certified valuation analyst (CVA) will approach appraising your company. The industry-accepted methodologies considered and ultimately relied upon will play a material role in determining its overall value. Here are a couple of examples: Scenario 1: If your business has been established for several years in a competitive industry and has shown steady revenues with modest levels of annual growth, then it’s lik

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Firms Must Rethink How They Train New Lawyers In AI Age

Law 360 M&A

As law firms begin to use generative artificial intelligence to complete lower-level legal tasks, they’ll need to consider new ways to train summer associates and early-career attorneys, keeping in mind the five stages of skill acquisition, says Liisa Thomas at Sheppard Mullin.

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Monetizing Financial Data with AI: Risks and Opportunities

N Contracts

Your financial institution is sitting on a goldmine of data, and you’re wondering how to monetize it using artificial intelligence (AI). You’re not the only one.

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The M&A Advisor Announced Trey Dodd as Recipient of 15th Annual Emerging Leaders Awards

Butcher Joseph & Co.

The M&A Advisor Announced Trey Dodd as Recipient of 15th Annual Emerging Leaders Awards. The post The M&A Advisor Announced Trey Dodd as Recipient of 15th Annual Emerging Leaders Awards appeared first on ButcherJoseph & Co.

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The ‘inside out’ leadership journey: How personal growth creates the path to success

Mckinsey and Company

In a new book, four McKinsey senior partners show why leaders must connect with themselves first before they can inspire and empower their organizations.

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How Associates Can Build A Professional Image

Law 360 M&A

As hybrid work arrangements become the norm in the legal industry, early-career attorneys must be proactive in building and maintaining a professional presence in both physical and digital settings, ensuring that their image aligns with their long-term career goals, say Lana Manganiello at Equinox Strategy Partners and Estelle Winsett at Estelle Winsett Professional Image Consulting.

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American Express Buys Tock to Pursue Customers Shelling Out on Dining

NYT M&A

The credit card company acquired Tock, a restaurant reservation company, after buying its rival, Resy, in 2019.

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Comment on AMCs Violating TILA and C&R Fee Clauses by Pat Turner

Appraisers Blog

In reply to Honest Appraiser. As well as the consumer being ripped off. We are mortgage fraud, wire fraud, and TILA. GUESS WHO THEIR CONSPIRATORS WILL BE????

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KKR buys owner of European music festivals in £1.3bn deal

Financial Times M&A

US buyout firm to acquire UK group behind festivals including Germany’s Wacken Open Air and Cornwall’s Boardmasters

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