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.

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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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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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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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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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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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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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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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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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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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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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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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Does Your KPI Dashboard Measure What Matters?

Rhythm Systems

I have to admit that I am a data geek. I do know that I have a unique personality type and most people aren’t interested in digging deep into the numbers and want to jump off a bridge anytime that you mention a pivot table. The great thing is that you don’t need to be a nerd in order to increase your team and company performance with KPI dashboards.

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Software depreciation: Exploring tax implications and deductions

ThomsonReuters

Jump to: What is software depreciation? How is software depreciated for tax purposes? Can software be amortized? Internal use vs. external use software Solutions for managing software depreciation for taxes In today’s tech-driven environment, companies need software to efficiently run their business, whether it is software they purchase from an outside source or develop internally.

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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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A small island nation has big plans for ocean conservation commitments

Mckinsey and Company

Coral Pasisi, president of nonprofit Tofia Niue, and Chris Stone, vice-president of Conservation International, discuss an innovative financial model that aims to protect Niue's marine ecosystems.

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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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Shot On Target: Ammunition Maker Olin Acquires White Flyer Targets For Undisclosed Sum

Benzinga

Ammunition maker Olin Corp (NYSE: OLN ) has signed an agreement to acquire the assets of White Flyer Targets, LLC , a maker of recreational trap, skeet, and sporting clay targets. The financial details of the transaction were not disclosed. Following the acquisition, White Flyer will be combined with the Winchester Ammunition business. The acquisition includes White Flyer's five manufacturing facilities in.

Equity 97
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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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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.

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Coinbase Acquires Equity Stake In Circle: A New Era For USDC

Benzinga

Coinbase (NASDAQ: COIN ), a dominant force in the crypto exchange world, acquired an equity stake Monday in Circle , the co-founder of the USD Coin (CRYPTO: USDC ). This strategic move, reported by Fortune Monday, is part of a broader plan to reshape the governance and financial dynamics of USDC, leading to the dissolution of the Centre Consortium, which had been at the helm of the stablecoin.

Equity 97
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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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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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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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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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Dycom Amplifies Rural Broadband Service Via Bigham Deal; Plans New $150M Stock Buyback

Benzinga

Dycom Industries Inc (NYSE: DY ) has acquired Bigham Cable Construction, Inc. for an undisclosed sum. Bigham provides telecommunications construction services in the southeastern U.S. Bigham generated approximately $140 million in revenue over the. Full story available on Benzinga.

Equity 96
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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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Toys for Billionaires: Sports Franchises as Trophy Assets!

Musings on Markets

I have always loved sports, playing tennis and cricket when I was growing up, before transitioning to fan status, cheering for my favored teams from the sidelines. I also like finance, perhaps not as much as sports, but there are winners and losers in the investment game as well. Thus, it should come as no surprise that when the two connect, as is the case when teams are bought and sold, or players are signed, I am doubly interested.

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The McKinsey Crossword: McKinsey Summer Reading Guide | No. 142

Mckinsey and Company

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

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6 Good Reasons Startups Don't Pursue Venture Funding

Lighter Capital

We’ve all read the headlines: SaaS Startup Raises $100M in Venture Capital to Disrupt Market with Its Innovative Solution It seems so common, but is it really? Venture capital funding is to tech startups what the Wizard of Oz was to Dorothy. Revered for its seemingly magical superpowers that promise a happy ending, venture capital (VC) is often seen as the secret to startup success, even though the real power to make your dreams come true lies within you.

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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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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 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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7 tips for developing a great team culture

JPAbusiness

A good team or business culture is hard to codify or document, but you can definitely feel it. The infographic below features my top 7 tips for developing a great culture within your team. And a quick note: even if you're not the 'designated leader' in your team, you can still influence its culture. You simply need to practise these seven actions, in your own way and in your role, to help build a positive culture.

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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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Tax depreciation 101

ThomsonReuters

Jump to: What is tax depreciation? What is bonus depreciation? How to calculate tax depreciation What are the tax depreciation methods? What is MACRS? Tax depreciation and state-level complexities Managing depreciation of fixed assets Tax depreciation, which enables business clients to reduce the amount of their reported taxable income, may seem straightforward at first glance.