Sat.Aug 19, 2023 - Fri.Aug 25, 2023

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Social Media Risk Assessment for Banks | Ncontracts

N Contracts

Social Media Risk Assessments for Banks and Credit Unions When IndyMac and Washington Mutual failed in 2008, it took weeks of negative reporting before customers pulled their deposits. By comparison, SVB’s customers withdrew $42 billion within 24 hours following a flurry of social media posts about the bank’s inability to meet its obligations to depositors.

Banking 98
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Voting Rationales

Harvard Corporate Governance

Posted by Roni Michaely (The University of Hong Kong), Silvina Rubio (University of Bristol Business School), and Irene Yi (University of Toronto), on Wednesday, August 23, 2023 Editor's Note: Roni Michaely is a Professor of Finance and Entrepreneurship at The University of Hong Kong, Silvina Rubio is an Assistant Professor of Finance at the University of Bristol, and Irene Yi is an Assistant Professor of Finance at the University of Toronto.

Finance 243
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Trending Sources

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From poverty to empowerment: Raising the bar for sustainable and inclusive growth

Mckinsey and Company

What would it take to raise minimum living standards and get on a net-zero path in this decade? Our research explores twin ambitions for people and the planet.

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Heineken Sells Its Business in Russia for 1 Euro

NYT M&A

After Russia’s invasion of Ukraine in February 2022, hundreds of Western companies announced they would quit operating in Russia. But actually selling their assets and withdrawing has taken time.

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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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Comment on Appraiser Countersuing Black Homeowners for Defamation by Steve T

Appraisers Blog

In reply to Baggins. A couple of years ago, I was working as a QA reviewer for one of the Big 3 banks. Had been there 7 years, all with good annual reviews. A QC manager position became available, and I applied. MBA, 35 years’ directly relevant experience, multiple previous management gigs, the hiring manger was a colleague I had known and worked with on and off for 40 years, and was one of my first trainers/mentors.

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CalSTRS Escalates Efforts to Hold Global Companies Accountable for Not Adequately Disclosing Climate Change Risks

Harvard Corporate Governance

Posted by Rebecca Forée, and Aeisha Mastagni, California State Teachers' Retirement System, on Friday, August 25, 2023 Editor's Note: Rebecca Forée is Media Relations Manager, and Aeisha Mastagni is Portfolio Manager within the Sustainable Investment & Stewardship Strategies Unit at the California State Retirement System (CalSTRS). This post is based on their CalSTRS memorandum.

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More Trending

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End of family ownership looms for sandwich maker Subway after $9bn deal

Financial Times M&A

Sale signals renewed appetite from banks to finance private equity buyouts

Banking 98
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The value of cyber insurance for health care providers

LaPorte

(authored by RSM US LLP) Health care organizations that fail to continuously monitor their cyber insurance coverage become at risk due to escalating security challenges. The post The value of cyber insurance for health care providers first appeared on LaPorte.

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Weekly Roundup: August 18-24, 2023

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, August 25, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of August 18-24, 2023. Unveiling the Business Risk: Why Board and Executive Engagement in DE&I Matters Posted by Anna Natapova (Semler Brossy LLC), Cynthia Soledad (Egon Zehnder), and Chuck Gray (Egon Zehnder), on Friday, August 18, 2023 Tags: Board of Directors , corporate engagement , dei , Executive

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Building a green energy ecosystem: Lessons from zolar

Mckinsey and Company

The cofounder and the managing director of Germany-based zolar discuss launching the green energy start-up to simplify the process for homeowners to buy and install solar energy systems.

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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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Creating a Vendor Board Package | Ncontracts

N Contracts

Your financial institution’s Board of Directors plays an important role in vendor management. They establish the strategic goals of your financial institution, determine its risk tolerance, and offer high-level guidance for the governance of third-party relationships.

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Senators Request Review of Tax-Exempt Status of Hospitals

LaPorte

A bipartisan group of senators recently called for the IRS to investigate the tax-exempt status of nonprofit hospitals. What does this mean for hospitals, and… The post Senators Request Review of Tax-Exempt Status of Hospitals first appeared on LaPorte.

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Midyear Observations on the 2023 board agenda

Harvard Corporate Governance

Posted by John Rodi, Patrick A. Lee, KPMG LLP, on Monday, August 21, 2023 Editor's Note: John Rodi is a Leader and Patrick A. Lee is a Senior Advisor at KPMG LLP. This post is based on their KPMG memorandum. In light of the high levels of ongoing disruption and uncertainty companies have faced in the first half of 2023—growing geopolitical risk and disruption, global economic volatility and inflation, a new phase of the Russia-Ukraine war, domestic polarization, risks posed by generative AI, reg

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The seven habits of programmatic acquirers

Mckinsey and Company

Our latest research shows that programmatic acquirers continue to create value from this approach to M&A and identifies the capabilities and practices these companies use to deliver their M&A strategies.

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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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Director Discusses Several Considerations Involved When Taking A Business Global

ThomsonReuters

Audio streaming and media services provider Spotify was founded in Stockholm, Sweden in the spring of 2006 and launched in the United States in 2011 after already solidifying a presence in the United Kingdom, Germany, France, Italy, Spain, Finland, and Norway. The company’s expansion continued rapidly with a global reach to 65 countries by March 2018 and further expansion to more than 80 markets in 2021, including locations across Africa, Asia, and the Caribbean.

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Todd Harrington Named to CPBJ's Power List

Trout CPA

The Central Pennsylvania Business Journal (CPBJ) has just unveiled its annual Power List for Banking, Finance, Accounting, and Wealth Management , and we are thrilled to announce that Trout CPA's Managing Partner, Todd Harrington, CPA, CVA, CGMA , has earned a well-deserved spot on this prestigious list. This recognition is a testament to Todd's exceptional leadership, expertise, and influence in shaping our communities and driving positive change in the financial world.

Banking 98
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EU Adopts Long-Awaited Mandatory ESG Reporting Standards

Harvard Corporate Governance

Posted by Beth Sasfai, Michael Mencher, and Emma Bichet, Cooley LLP, on Wednesday, August 23, 2023 Editor's Note: Beth Sasfai is a Partner, and Michael Mencher and Emma Bichet are Special Counsels at Cooley LLP. This post is based on a Cooley memorandum by Ms. Sasfai, Mr. Mencher, Ms. Bichet, Steven Holm , and Jack Eastwood. 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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Strategies to win in the new ecosystem economy

Mckinsey and Company

This shift from industry sectors to customer-focused ecosystems may be the largest economic reorganization in history. What role will your company play?

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Engineer Wood Group lifts guidance after ‘significant contract wins’

Financial Times M&A

Move comes despite UK oil engineering company posting 26% fall in first-half operating profits

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Trout CPA Welcomes Five New Associates

Trout CPA

We are pleased to announce that five former accounting interns have accepted full-time positions as Associates which will assist with tax and assurance services.

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From cyber strategy to Implementation: what CEOs and boards need to Know

Harvard Corporate Governance

Posted by Matt Gorham, and Shawn Lonergann, PricewaterhouseCoopers LLP, on Sunday, August 20, 2023 Editor's Note: Matt Gorham is a Managing Director and Shawn Lonergan is a Partner at PricewaterhouseCoopers LLP. This post is based on their PwC memorandum. The federal government on July 13 launched the implementation plan for its National Cybersecurity Strategy , just four months after releasing the strategy document — an unheard-of pace.

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The loss ratio imperative for North American personal lines carriers

Mckinsey and Company

Macroeconomic uncertainty and continued loss pressures mean personal lines carriers must develop pricing agility through a systematic, cross-functional approach to loss ratio management.

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Understanding depreciation and its impact on corporate tax

ThomsonReuters

Jump to: How does depreciation affect corporation taxes? Accelerated depreciation for corporations How does depreciation work in an S corporation? What is the purpose of making a provision for depreciation? What is the depreciation guidance for corporate alternative minimum tax? Managing corporate tax depreciation Each tax season, business clients turn to their accountant for assistance in navigating corporation tax depreciation and leveraging every tax deduction they can take to min

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Comment on Finding of Bias in Home Valuations Fails by Own Measure by Baggins

Appraisers Blog

In reply to Baggins. And one more, this from the first accidental hit. Borrowers bill of rights. Flash forward today, modified the goal to; ‘borrowers bill of entitlements’ instead. People in this industry used to actually care about consumer protection. We did not have industry insiders whom masquerade as appraisers, trying to tell us our service was to the lender and the lender alone regardless of how they treated and deceived consumers.

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Pressure on DEI Initiatives Continues to Mount

Harvard Corporate Governance

Posted by Martin Lipton, Wachtell Lipton Rosen & Katz, on Saturday, August 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 his Wachtell Lipton memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) and Will Corporations Deli

Equity 189
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What is business risk?

Mckinsey and Company

An organization faces business risk when it is exposed to a situation that can lead to decreased profits or even bankruptcy.

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Beware, a 2023 Spac oddity

Financial Times M&A

Vietnamese EV maker VinFast floats through the back door

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Comment on The Unbiased Reality of Census Tract Data Dump… Open Letter to FHFA by Baggins

Appraisers Blog

In reply to Maria. Wow that’s interesting. Cash out on your home mortgage loan like it’s an atm machine is so risky. There are so many other loan options with lower cash equivalent payment equivalents to choose from which are not tied to ones mortgage payment. Better financial education of the public at large starts with the basic concept of cash equivalent payment over the amortized term.

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Statement by Chair Gensler on Private Fund Advisers

Harvard Corporate Governance

Posted by Gary Gensler, U.S. Securities and Exchange Commission, on Thursday, August 24, 2023 Editor's Note: Gary Gensler is Chair of the U.S. Securities and Exchange Commission. This post is based on his recent public statement. 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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The direct-to-customer edge: Increasing shareholder value through business building

Mckinsey and Company

Building a direct-to-customer channel can generate substantial value—but only when planned carefully, managed well, and focused on the customer.

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Pursuit of a modern-day US steel industry leader will test Biden’s trustbusters

Financial Times M&A

Capitalists’ tactics have changed since Andrew Carnegie’s day, but tensions over big business have not

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Comment on UAD Composite Property Data Info Released to the Public by Baggins

Appraisers Blog

In reply to don. It’s all staged, one big lie. Corporate people form their own conclusions, then push puppet politicians and paid for scripted news stories to convince the public why and how to play along. We live in a sea of fake news and illusionary regulatory structure which is meant to enrich corporations, long since abandoning the cause of protecting the American consumer.

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2023 S&P 500 New Director and Diversity Snapshot

Harvard Corporate Governance

Posted by Julie Daum, and Ann Yerger, Spencer Stuart, on Tuesday, August 22, 2023 Editor's Note: Julie Daum is a Leader, North American Boards Practice, and Ann Yerger is a Corporate Governance Advisor at Spencer Stuart. This post is based on their Spencer Stuart memorandum. Related research from the Program on Corporate Governance includes Politics and Gender in the Executive Suite (discussed on the Forum here ) by Alma Cohen, Moshe Hazan, and David Weiss; Will Nasdaq’s Diversity Rules Harm

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Global Economics Intelligence executive summary, July 2023

Mckinsey and Company

Mixed economic picture with patchy positives; consumers cautious but confidence rising; inflation in developed economies decelerates, while producer prices decline; trade volumes down.