Harvard Corporate Governance

JULY 16, 2023

Posted by Lane Ringlee, Marizu Madu, and Joadi Ogelsby, Pay Governance LLC, on Sunday, July 16, 2023 Editor's Note: Lane Ringlee is Managing Partner, Marizu Madu is a Principal, and Joadi Oglesby is a Consultant at Pay Governance LLC. This post is based on their Pay Governance memorandum. Related research from the Program on Corporate Governance includes Short-Termism and Capital Flows (discussed on the Forum here ) by Jesse M.

Dividends 244

Dividends Equity Marketability 244

N Contracts

JULY 18, 2023

In an ideal world, every third-party vendor would always provide impeccable service, deliver on time, and never cause any operational hiccups. Unfortunately, that’s not reality.

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Peak Business Valuation

JULY 21, 2023

Convenience stores are businesses that sell food, beverage, and tobacco products in convenient locations. In recent years, the convenience store industry has experienced healthy revenue and profit growth. Moving forward, we can expect these metrics to continue growing at a steady rate. If you are looking to buy , grow , or sell a convenience store , now may be an ideal time to do so.

Discounted Cash Flow 98

Discounted Cash Flow Business Valuation Fair Market Value Appraisal 98

Rhythm Systems

JULY 19, 2023

Harnessing the Power of Think, Plan, Do® Rhythms for Accelerated Growth In the dynamic world of business, growth is a double-edged sword. While it brings opportunities and prosperity, it also introduces complexity that can be challenging to manage. As a company expands, it becomes increasingly difficult to maintain alignment, drive execution, and sustain growth.

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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.

Marketability

Harvard Corporate Governance

JULY 17, 2023

Posted by Claudia H. Allen, Patrick A. Lee, and Ari Weinberg, KPMG LLP, on Monday, July 17, 2023 Editor's Note: Claudia H. Allen and Patrick A. Lee are Senior Advisors, and Ari Weinberg is a Director at KPMG’s Board Leadership Center. This post is based on their KPMG memorandum. Adding value to private company boards From board structure and agenda priorities to the role of independent directors, private company governance continues to evolve in response to an increasingly complex and chal

Equity 235

Equity 235

Benzinga

JULY 19, 2023

Microsoft Corp (NASDAQ: MSFT ) and Activision Blizzard, Inc (NASDAQ: ATVI ) stocks are grabbing attention amid reports of the companies extending the $69 billion takeover deal to October 18. The terms of the agreement include an increase in the termination fee payable to Activision Blizzard from $3.0 billion to $3.5 billion if the transaction is terminated after August 29, 2023, and to $4.5 billion if the transaction is terminated after September 15, 2023.

Dividends 98

Dividends 98

Rhythm Systems

JULY 17, 2023

Implementing Rhythm Systems Software using artificial intelligence (AI) can be a game-changer for organizations looking to track, rate, and manage their objectives and key results (OKRs).

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Harvard Corporate Governance

JULY 20, 2023

Posted by Michael P. Klain (Wachtell Lipton Rosen & Katz) and Leo E. Strine Jr. (University of Pennsylvania), on Thursday, July 20, 2023 Editor's Note: Michael P. Klain is an Associate at Wachtell Lipton Rosen & Katz, and Leo E. Strine, Jr. is the Michael L. Wachter Distinguished Fellow at the University of Pennsylvania Carey Law School; Senior Fellow, Harvard Program on Corporate Governance; Of Counsel, Wachtell, Lipton, Rosen & Katz; and former Chief Justice and Chancellor, the Sta

Marketability 189

Marketability 189

N Contracts

JULY 17, 2023

A third-party vendor refers to any external organization that engages in business activities with your financial institution. This includes everyone from your core provider and loan origination software to your outside counsel and the company that prints account statements.

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Global Finance

JULY 20, 2023

Global Finance Magazine - Pismo’s platform will also help Visa provide support and connectivity for emerging payment gateways for financial institution customers.

Finance 98

Finance 98

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

Corporate Finance

Mckinsey and Company

JULY 19, 2023

Rapid economic growth has created ample opportunity—as well as a housing shortage. How the city and the surrounding region respond could provide a blueprint for other US cities.

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Harvard Corporate Governance

JULY 19, 2023

Posted by Subodh Mishra, Institutional Shareholder Services, Inc., on Wednesday, July 19, 2023 Editor's Note: Subodh Mishra is Global Head of Communications at Institutional Shareholder Services (ISS) Inc. This post is based on the testimony of Steven Friedman , General Counsel at Institutional Shareholder Services. My name is Steven Friedman, and I am the General Counsel of ISS.

Marketability 189

Marketability 189

Internal Audit 360

JULY 20, 2023

GUEST BLOG POST A few years ago, I was privileged to be a member of the Institute of Internal Auditors’ Relook Task Force. It had a couple of objectives, including reviewing the Definition of Internal Audit (which it decided did not require updating, although we did decide to add a Mission of Internal Audit ), and answering the question of whether the IIA’s International Standards for the Professional Practice of Internal Auditing should be principle or rules based.

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Musings on Markets

JULY 17, 2023

I am not a market prognosticator for a simple reason. I am just not good at it, and the first six months of 2023 illustrate why market timing is often the impossible dream, something that every investor aspires to be successful at, but very few succeed on a consistent basis. At the start of the year, the consensus of market experts was that this would be a difficult year for markets, given the macro worries about inflation and an impending recession, and adding in the fear of the Fed raising rat

Marketability 96

Marketability Risk Premium Start-ups Treasury 96

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.

Marketability

Appraiser Newsroom

JULY 21, 2023

By SEAK, as seen on seak.com. The requirements to be an expert witness can be broken down into two categories – the legal requirements for being an expert witness and perhaps more importantly, the practical requirements for being an expert witness. Legal Requirements for providing Expert Witness Services The legal requirements for being an expert witness are fairly minimal.

Business Valuation 96

Business Valuation Appraisal 96

Harvard Corporate Governance

JULY 17, 2023

Posted by Brian R. Cheffins (University of Cambridge), on Monday, July 17, 2023 Editor's Note: Brian Cheffins is the S. J. Berwin Professor of Corporate Law at the University of Cambridge. This post is based on a recent paper , co-authored with Bobby Reddy , also of the University of Cambridge, and forthcoming in the Oxford Journal of Legal Studies.

Marketability 189

Marketability Equity Finance 189

Global Finance

JULY 20, 2023

Global Finance Magazine - South Korea will allow new domestic players into its banking industry to break the domination of the sector by just five commercial banks.

Banking 98

Banking Finance 98

Mckinsey and Company

JULY 21, 2023

Global executives more positive; consumer confidence improving but low; emerging economies rebound; Fed pauses rate hikes as ECB raises rates by 25 basis points; inflation low in India and Brazil.

Corporate Finance 98

Corporate Finance Finance 98

Law 360 M&A

JULY 19, 2023

Sullivan & Worcester LLP has promoted the head of its New York office's corporate practice to managing partner of the office, the firm announced Wednesday.

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Harvard Corporate Governance

JULY 19, 2023

Posted by Martin Lipton, Wachtell Lipton Rosen & Katz, on Wednesday, July 19, 2023 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 memorandum by Mr. Lipton, Steven A. Rosenblum , Karessa L.

Equity 189

Equity 189

Global Finance

JULY 20, 2023

Global Finance Magazine - Part of the reverse merger will strip& Housing Development Finance Corporation& of its promoter and the parent company, HDFC Ltd.

Finance 98

Finance 98

Mckinsey and Company

JULY 17, 2023

As Nigeria’s vast network of small and medium-size enterprises increasingly look to digitalize payments, merchant acquiring is offering increasingly attractive prospects to banks and fintechs alike.

Banking 98

Banking 98

Machen McChesney

JULY 18, 2023

The issue of raising the debt limit has been resolved, at least until January 2025, and we can all breathe easier now that the United States can continue to pay its debts. Hopefully, in the future, Congress will find a way to eliminate this boondoggle or at least work around it, as was done under 1979’s Gephardt Rule.

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Harvard Corporate Governance

JULY 18, 2023

Posted by Cydney S. Posner, Cooley LLP, on Tuesday, July 18, 2023 Editor's Note: Cydney S. Posner is Special Counsel at Cooley LLP. This post is based on her Cooley memorandum, and is part of the Delaware law series ; links to other posts in the series are available here. 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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Global Finance

JULY 20, 2023

Global Finance Magazine - With the exception of its online brokerage unit,& profitability challenges persist across Rakuten Group’s companies.

Finance 98

Finance 98

BV Specialists

JULY 17, 2023

Determining if you need to engage with an independent professional business appraiser will commonly arise when you are looking to purchase or sell a business. However, the fact is there are several other reasons an objective third-party appraisal is a great idea, and quite possibly a requirement to move forward with a transaction or to aid in a situation where a dispute may arise.

Appraisal 86

Appraisal Banking Finance Business Valuation 86

Mckinsey and Company

JULY 18, 2023

As applied AI heats up, we identified key six findings for stakeholders, including investors, to keep in mind as they think about companies in the industry.

Marketability 98

Marketability Equity 98

Harvard Corporate Governance

JULY 21, 2023

Posted by Joud Abdel Majeid, Salim Ramji and Jessica Burt, BlackRock Inc., on Friday, July 21, 2023 Editor's Note: Joud Abdel Majeid is a Senior Managing Director and is the Global Head of Investment Stewardship, Salim Ramji is a Senior Managing Director and is Global Head of iShares and Index Investments, and Jessica Burt is Head of Global Platform and Business Strategy for Investment Stewardship, at BlackRock Inc.

Equity 188

Equity Technology Marketability 188

Machen McChesney

JULY 21, 2023

When asked what is at the top of their finance department’s “to-do” list, many nonprofits name the need for an updated cost allocation plan. An effective cost allocation strategy is essential to organizations’ understanding of how their resources are being deployed. It is also integral to performing cost analyses, such as evaluating funding requirements and comparing actual versus budgeted costs.

Finance 82

Finance 82

JPAbusiness

JULY 18, 2023

When helping business owners sell their businesses, we usually start with two key steps: Determine what the business is worth i.e. conduct an independent valuation or market appraisal; Determine how the business would appear to a potential buyer. Step 2 is what we term ‘vendor due diligence’ and it basically involves us looking at the business from a buyer’s point of view.

Appraisal 82

Appraisal Marketability 82

National Law Review M&A

JULY 21, 2023

Litigation Practice Group Proskauer Jurisdiction: Delaware Type of Law: Mergers & Acquisitions Corporate & Business Organizations Litigation / Trial Practice Antitrust & Trade Regulation

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Harvard Corporate Governance

JULY 18, 2023

Posted by John Galloway, Vanguard, Inc., on Tuesday, July 18, 2023 Editor's Note: John Galloway is Global Head of Investment Stewardship at Vanguard, Inc. This post is based on a publication by Vanguard Investment Stewardship. The responsiveness of corporate boards to their shareholders—and other stakeholders—is a common topic of conversation in our discussions with portfolio company leaders and board members.

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Mckinsey and Company

JULY 17, 2023

Psychological safety is the absence of interpersonal fear. Feeling psychologically safe allows people to perform their best at home, school, and work.

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Global Finance

JULY 20, 2023

Global Finance Magazine - The proposed listing comes as Tata Motors is trying to significantly reduce its debt pile.

Finance 98

Finance 98