Sat.Mar 19, 2022 - Fri.Mar 25, 2022

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Backed by SPACs, IPOs Hit New Heights in 2021

Harvard Corporate Governance

Posted by Joel Rubinstein, Michael Immordino, and John Guzman, White & Case LLP, on Thursday, March 24, 2022 Editor's Note: Joel Rubinstein , Michael Immordino , and John Guzman are partners at White & Case LLP. This post is based on a White & Case memorandum by Mr. Rubinstein, Mr. Immordino, Mr. Guzman, Kaya Proudian , and John Vetterli.

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Complete Checklist for Selling a Business

Viking Mergers

Without proper direction, selling a business can quickly become overwhelming and chaotic. Organizing the process into concrete tasks will help keep priorities in order and ensure that important things don’t fall through the cracks. Selling a Business Checklist: #1 Gather Advisors. Find the following professionals to advise and assist you in the process of selling your business.

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Supporting IVS compliance in Spain

IVSC

ANALYSIS OF ALIGNMENT BETWEEN THE IVS AND THE SPANISH ECO ORDER 805/2003. By Paloma Arnaiz (AEV) & Alexander Aronsohn (IVSC). The Asociación Española de Análisis de Valor (AEV) is the professional association that represents the Spanish Registered Valuation Companies that carry out around 85% of the valuations for regulated purposes in Spain. Founded in 2012, AEV supports the development of the valuation profession and professional practices that ensure the independence, transparency and tec

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Prioritizing technology transformations to win

Mckinsey and Company

Our latest IT survey confirms the accelerating pace of at-scale core technology transformations. The road map for success reflects the practices and capabilities of leading companies.

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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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Board Leadership and Performance in a Crisis

Harvard Corporate Governance

Posted by Rusty O'Kelley, Rich Fields, and Laura Sanderson, Russell Reynolds Associates, on Friday, March 25, 2022 Editor's Note: Rusty O’Kelley III co-leads Board & CEO Advisory Partners in the Americas; Rich Fields is leader of the Board Effectiveness Practice at Russell Reynolds Associates; and Laura Sanderson co-leads Board & CEO Advisory Partners in Europe.

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Seller’s Discretionary Earnings Explained

Viking Mergers

Seller’s Discretionary Earnings Definition. Seller’s Discretionary Earnings (SDE) is a cash-flow-based estimate of the total financial benefit a full time owner-operator derives from the business on an annual basis. This measure helps compare the cash flows and values of businesses by “recasting” or “normalizing” their financial statements.

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Forecasting the future of stores

Mckinsey and Company

Shoppers’ behaviors and expectations have changed dramatically—and continue to evolve. If retailers want to keep their physical stores relevant, here are five things they’ll need to get right.

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The Logic and Limits of the Federal Reserve Act

Harvard Corporate Governance

Posted by Lev Menand (Columbia University), on Friday, March 25, 2022 Editor's Note: Lev Menand is Associate Professor of Law at Columbia Law School. This post is based on his recent paper. Over the past fourteen years, the footprint of the Federal Reserve, the U.S. central bank, expanded dramatically. The Fed repeatedly rescued overleveraged financial companies, backstopped foreign financial institutions, and purchased trillions of dollars of mortgage-backed securities.

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Keep Your Eye on the Prize – How Viking Helped the Hamilton’s Sell Their Business

Viking Mergers

Dee and Maureen Hamilton had worked hard for many years building up their business, Hamilton Electric & Plumbing, based in Pawley’s Island, SC. After being asked by friends when they were going to retire, Dee and Maureen began to think about and discuss their plans for the future. Dee recognized that his knowledge about the process of selling his business was limited and he knew that he needed expert help and advice to navigate the process.

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SaaS Valuations: How to Value a SaaS Business in 2022

FE International

This article is part of our Valuation by Business Model series, in which we provide you with information on what makes your particular business model unique when it comes to SaaS business valuation. For more in-depth reading on valuation, see our post How to Value a Website or Internet Business. To get your SaaS business valued for free, please fill in the main form on our Sell a Website page. .

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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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Building a global biotech: Taking a first-time launch into international markets

Mckinsey and Company

Establishing an international presence with a first launch is a challenge, but learning from others’ experiences can help biotechs avoid missteps and maximize their chances of success.

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Next-Generation Securitization: NFTs, Tokenization, and the Monetization of “Things”

Harvard Corporate Governance

Posted by Steven L. Schwarcz (Duke University), on Wednesday, March 23, 2022 Editor's Note: Steven L. Schwarcz is Stanley A. Star Distinguished Professor of Law & Business at Duke University School of Law. This post is based on his recent paper , forthcoming in the Boston University Law Review. In Next-Generation Securitization: NFTs, Tokenization, and the Monetization of ‘Things’ , forthcoming in the Boston University Law Review , I examine the recent phenomenon of non-fungible tokens (NF

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UK's New ESG Law: What You Need to Know

Audit Board

With businesses turning their attention toward environmental, social, and governance (ESG) initiatives, the need for consistent, transparent reporting has increased. The United Kingdom is leading the way by publishing an ESG regulatory requirement for public companies – the first major regulation in this area. This article will answer five of the biggest questions related to the main components of the legislation. .

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Russia in Ukraine: Let Loose the Dogs of War!

Musings on Markets

As the world's attention is focused on the war in the Ukraine, it is the human toll, in death and injury, that should get our immediate attention, and you may find a focus on economics and markets to be callous. However, I am not a political expert, with solutions to offer that will bring the violence to an end, and I don't think that you have come here to read about my views on humanity.

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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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Make room for alternative proteins: What it takes to build a new sector

Mckinsey and Company

Alternative proteins have the potential to dramatically slow climate change. This interview with three leaders in the field reveals the strategies and insights needed to unlock that potential.

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Cyber Risk and Voluntary Service Organization Control (SOC) Audits

Harvard Corporate Governance

Posted by Jordan M. Schoenfeld (Dartmouth College and University of Utah), on Thursday, March 24, 2022 Editor's Note: Jordan M. Schoenfeld is Visiting Professor of Accounting at Dartmouth College Tuck School of Business, and Associate Professor of Accounting at the University of Utah Eccles School of Business. This post is based on his recent paper , forthcoming in the Review of Accounting Studies.

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The CEO's Business Strategy Execution Gap. And How To Close It

Rhythm Systems

Written by Cindy Praeger and Eskinder Assefa. A fairly significant body of research now clearly shows that the reason why a number of mid-to-large companies face is not that their strategies were not sound, but because they were unable to create a culture of strategy execution to perform well on those otherwise sound strategies. Successful teams bridge the strategy to execution gap through Intelligent Work.

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Investment Banking Information Sessions: A Way to Stand Out as a Human in a Virtual World, or a Complete Waste of Time?

Brian DeChesare

Some people like to complain about networking in general, but if there’s a specific part of networking that almost everyone likes to complain about, it’s investment banking information sessions. In these sessions, employers such as large banks visit university and business school campuses to present their firms and let students speak with bankers. There’s a wide variety of information sessions, ranging from in-person to virtual, and a session could be for the entire school, one club or group, or

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Six strategic priorities for modern merchant leaders

Mckinsey and Company

Merchant leaders must distinguish their brands’ assortment and value proposition in an evolving landscape. A handful of investments could help them navigate the complexities of modern retailing.

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Weekly Roundup: March 18-24, 2022

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, March 25, 2022 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of March 18-24, 2022. The EU Sustainable Corporate Governance Initiative: Where are We and Where are We Headed? Posted by Wolf-Georg Ringe (University of Hamburg) and Alperen A.

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Increasing productivity and flow in tax and accounting firms

ThomsonReuters

When McKinsey & Company asked 5,000 executives how much more productive they are during peak performance, most respondents said it was five times more. Flow, in positive psychology, is a state of mind when a person is immersed and engaged in an activity. In other words, it’s being “in the zone.” There are many benefits to increasing productivity and flow at work.

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Morrisons takeover could lead to higher fuel prices, watchdog warns

The Guardian M&A

Competition and Markets Authority says deal could lead to higher costs for motorists in 121 areas of Britain Fuel prices, already at record levels , could be pushed higher in 121 locations across the UK as a result of the £7bn takeover of Morrisons by a US private equity firm, the consumer watchdog has said. The Competition and Markets Authority opened an investigation in January into the supermarket chain’s takeover by Clayton, Dubilier & Rice (CD&R) , examining matters including a pote

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Taking the first steps toward net-zero emissions

Mckinsey and Company

The path to net-zero emissions is full of challenges. Leadership must understand the risks and commit to change now—or face an even thornier transition down the road.

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Corporate Governance Lessons from New Chief Legal Officer Surveys

Harvard Corporate Governance

Posted by Michael W. Peregrine (McDermott Will & Emery) and Charles W. Elson (University of Delaware), on Tuesday, March 22, 2022 Editor's Note: Michael W. Peregrine is partner at McDermott Will & Emery LLP, and Charles W. Elson is Founding Director of the Weinberg Center for Corporate Governance and Woolard Chair in Corporate Governance (ret.) at the University of Delaware.

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Benchmark International Successfully Facilitated the Transaction Between Boyd Brothers (Fauldhouse) Ltd and British Engineering Services Group

Benchmark Report

Benchmark International is pleased to announce to acquisition of Livingston-based Boyd Brothers by British Engineering Services. Family-founded Boyd Brothers is an electrical and civil engineering contractor with over 50 years’ experience. Since its establishment, it has grown to become a specialist in electrical vehicle charging point installations.

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VA Unofficially Says NOPE to ANSI

Appraisers Blog

The other agencies, Freddie Mac, HUD/FHA, USDA, ONAP, VA have NOT (yet) adopted this ANSI measuring protocol. Appraisers, an appraiser I know sent an email to the VA asking if VA was going to require appraisers to adhere to the ANSI Z765-2021 Measuring Standard as of April 1, 2022. The appraiser received an ‘unofficial’ response back from a person within the VA connected to processing appraisals, which said: “The short answer is, no.

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Forging your own path: Sandra Horbach on building a career in private equity

Mckinsey and Company

The cohead of US buyout and growth at Carlyle shares thoughts on the state of private equity, the path forward on diversity and inclusion, and advice on building a successful career in the industry.

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The Law and Economics of Equity Swap Disclosure

Harvard Corporate Governance

Posted by Lucian A. Bebchuk (Harvard Law School), on Tuesday, March 22, 2022 Editor's Note: Lucian Bebchuk is the James Barr Ames Professor of Law, Economics, and Finance, and Director of the Program on Corporate Governance, at Harvard Law School. This post is based on his recent paper, The Law and Economics of Equity Swap Disclosure , which is in turn based on a comment letter he filed with the Securities and Exchange Commission in response to a request for comments on its proposal regarding th

Equity 189
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5 client communication tips for accountants

ThomsonReuters

Psychologist and author Rollo May observed, “Communication leads to community, that is, to understanding, intimacy, and mutual valuing.”. The connection between accountants and their clients is an important relationship in the business world. Not only do clients trust their accountants with detailed — potentially embarrassing — financial secrets, they also expose many of their business decisions, including the good, the bad, and the ugly.

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Company Alignment: The CEO's Roadmap to Organizational Alignment

Rhythm Systems

Alignment can be elusive for even the smallest start-up companies, never mind mid-market companies that have multiple divisions, departments, or business units, different locations, new acquisitions, or remote employees. The more successful you are in growing your company, the more complex your organization becomes, and the more challenging it is to communicate effectively and attain alignment.

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Seven steps to help protect your ERP system against cyberattacks

Mckinsey and Company

Many companies’ enterprise resource planning systems, which house their most valuable data, are still too vulnerable.

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E&S Metrics and Executive Compensation

Harvard Corporate Governance

Posted by Eric Shostal and Krishna Shah, Glass, Lewis & Co., on Wednesday, March 23, 2022 Editor's Note: Eric Shostal is Senior Vice President of Research and Engagement, and Krishna Shah is Manager of Executive Compensation at Glass, Lewis & Co. This post is based on their Glass Lewis memorandum. Related research from the Program on Corporate Governance includes Paying for Long-Term Performance by Lucian Bebchuk and Jesse Fried (discussed on the Forum here ), and The Perils and Questio

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HIMSS 22: Healthcare inspiration and insights

Avanade

HIMSS 22 had a buzz and energy that signified the health industry’s emergence from a paralyzing pandemic into a "Reimagine and Rethink Health" for the future mindset.

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Leadership Development: Is There a Payoff?

Rhythm Systems

In a study by McKinsey & Company , management development at all levels has been ranked as a #1 priority by 500 executives, and organizations throughout the U.S. are spending approximately $14 billion annually on leadership training. The expense of a custom-designed leadership development program can be very costly. The question, then, becomes: Does developing these leaders (executive-level, division heads, and emerging leaders) have a payoff?

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