Sat.Jul 20, 2024 - Fri.Jul 26, 2024

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Compensation Clawbacks Report

Harvard Corporate Governance

Posted by Neil McCarthy, G. Michael Weiksner, James Palmiter, DragonGC, on Wednesday, July 24, 2024 Editor's Note: Neil McCarthy is Co-Founder and Chief Product Officer, James Palmiter is CEO and Co-Founder, and G. Michael Weiksner is Co-Founder and Chief Technology Officer at DragonGC. This post is based on a DragonGC memorandum by Mr. McCarthy, Mr.

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Bonjour! 2024 Summer Olympics Begin in Paris, Peacock Looks to Rebound

Value Scope

By: Brent Shockley, Principal The 2024 Summer Olympic games officially begin today and run through Sunday, August 11 th. The opening ceremony will feature over 10,000 athletes aboard over 90 boats floating down the Seine River in Paris at 7:30pm local time and 1:30pm Eastern US time. A few sports, such as football (soccer in the US), got an early start to their opening rounds on Wednesday, July 24 th.

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Trending Sources

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Justice Dept. Defends TikTok Law That Forces App’s Sale or Ban

NYT M&A

In its first detailed response to a legal challenge, the agency said TikTok’s proposed changes wouldn’t prevent China from using it to collect U.S. users’ data or spread propaganda.

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Why agents are the next frontier of generative AI

Mckinsey and Company

By moving from information to action—think virtual coworkers able to complete complex workflows—the technology promises a new wave of productivity and innovation.

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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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Supreme Court rules SEC use of in-house tribunals is unconstitutional

Harvard Corporate Governance

Posted by Joel M. Cohen, Tami Stark and Ladan Stewart, White & Case LLP, on Saturday, July 20, 2024 Editor's Note: Joel M. Cohen , Tami Stark and Ladan Stewart are Partners at White & Case LLP. This post is based on a White & Case memorandum by Mr. Cohen, Ms. Stark, Ms. Stewart, Marietou Diouf and Robert DeNault. On June 27, 2024, the Supreme Court ruled in SEC v.

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First Income Tax In GCC Approved By Oman’s Parliament

Global Finance

Oman is on course to become the first Gulf Cooperation Council (GCC) state to introduce a personal income tax as the sultanate ramps up efforts to boost revenue and diversify its economy away from hydrocarbons. The draft law, approved by Oman’s Parliament in July, has been sent to the State Council for final approval, a decision analysts say is highly anticipated.

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How the aviation industry could help scale sustainable fuel production

Mckinsey and Company

Demand for sustainable aviation fuel could outpace supply by 2030 without a significant increase in capacity. Forward-leaning aviation players use a combination of strategies to source SAF, including equity investments, to help scale the ecosystem.

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AI: Are Boards Paying Attention?

Harvard Corporate Governance

Posted by Avi Gesser, Bill Regner and Paul Rodel, Debevoise & Plimpton LLP, on Monday, July 22, 2024 Editor's Note: Avi Gesser , Bill Regner and Paul Rodel are Partners at Debevoise & Plimpton LLP. This post is based on a Debevoise memorandum by Mr. Gesser, Mr. Regner, Mr. Rodel, Steve Slutzky , Joshua Samit and Amy Pereira. In the wake of a number of shareholder proposals, as well as first-of-their-kind enforcement actions and public statements by the U.S.

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The Philippines: New Samurai Bond Issue’s Political Backdrop

Global Finance

The Philippines is looking to Japan to partially finance its ballooning debt as Manila moves to strengthen ties between the two countries. The Department of Finance (DoF) says it is exploring issuing yen-denominated, or samurai bonds alongside or in place of conventional US-dollar bond issuance. Government debt has mushroomed in recent years, hitting 15.3 trillion pesos—around $264 billion in May—according to Bureau of the Treasury estimates.

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Founder of Kakao, South Korean Tech Giant, Arrested Over K-Pop Deal

NYT M&A

Kim Beom-Su, the billionaire behind Kakao, was taken into custody on Tuesday on allegations of stock manipulation during a bidding war over a major K-pop agency.

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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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Think you know what consumers want? Think again.

Mckinsey and Company

Despite lingering concerns about inflation and the high cost of living, consumers across all ages and product categories still want to spend—thoughtfully.

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Delaware Supreme Court Clarifies Standards Applicable To Advance Notice Bylaws

Harvard Corporate Governance

Posted by Arthur R. Bookout, Joseph O. Larkin and Jenness E. Parker, Skadden, Arps, Slate, Meagher & Flom LLP, on Thursday, July 25, 2024 Editor's Note: Arthur R. Bookout , Joseph O. Larkin and Jenness E. Parker are Partners at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden memorandum by Mr. Bookout, Mr. Larkin, Ms.

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China’s BYD Races Ahead With New Plants In Emerging Markets

Global Finance

BYD, the Chinese manufacturer of batteries and electric vehicles, is rapidly becoming the dominant force in the global EV space, despite the US and Europe railing against its disruptive effect on their domestic markets. In the last month, the buccaneering firm has made major plant announcements in Thailand and Turkey as it doubles down on competing with its US and European Union rivals.

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Why Is Embracing Curiosity Important for Strategic Leaders?

Rhythm Systems

In his upcoming book, The Journey to CEO Success: 7 Practices for High-Growth Leadership , our CEO Patrick Thean shares how critical it is for today’s CEOs and leaders to be curious. Curiosity is not just an engaging personal trait—it's a strategic imperative for CEOs who want to drive innovation, inspire their teams, and position their organizations for sustainable growth in a dynamic and evolving business environment.

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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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A retail dynasty chief, a pioneer in statins, and a renowned crossword editor

Mckinsey and Company

Our July obituaries also include a CEO and media mogul, an early transgender-rights activist, a Pritzker Prize–winning architect, and an astronaut whose work inspired the establishment of Earth Day.

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How Companies React to Say on Pay Failures

Harvard Corporate Governance

Posted by Lucia Song, Equilar, Inc., on Monday, July 22, 2024 Editor's Note: Lucia Song is a Research Analyst at Equilar, Inc. This post is based on her Equilar memorandum. Say on Pay continues to exert significant influence on corporate governance, compelling companies to reassess and adjust their executive compensation practices in response to shareholder feedback.

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Best Treasury And Cash Management Providers 2024: Systems And Services

Global Finance

Treasury keeps up with the dynamic payments environment. As the dynamic payments landscape presents both challenges and opportunities for corporate treasury, it’s unsurprising that financial institutions are finding new ways to help treasurers leverage new payments trends to improve efficiency, manage risk, and support business growth. Banking Circle is the winner of our award for Best Embedded Treasury Solution, providing the core financial infrastructure that allows businesses to build and off

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Amazon Buys Historic Bray Film Studios Known For 'Dracula' And 'The Curse Of Frankenstein'

Benzinga

Amazon.com Inc. (NASDAQ: AMZN ) has acquired Bray Film Studios , the former production site for the iconic Hammer horror film series, to expand its UK-based television and film production. What Happened : Amazon’s Prime Video division has purchased Bray Film Studios, located near London, for an undisclosed sum. Amazon said the studios consist of five stages, workshops, and offices.

Equity 106
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Global Economics Intelligence executive summary, June 2024

Mckinsey and Company

The ECB cuts rates by 25 basis points as other central banks hold; economic survey respondents remain cautious amid global uncertainty and expect more cuts; and the EU adds tariffs on China EVs.

Banking 105
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Spotlight on Chief Financial Officers

Harvard Corporate Governance

Posted by Kelly Malafis, Roman Beleuta, and Louisa Heywood, Compensation Advisory Partners, on Thursday, July 25, 2024 Editor's Note: Kelly Malafis is a Founding Partner, Roman Beleuta is a Principal, and Louisa Heywood is an Associate at Compensation Advisory Partners. This post is based on their CAP memorandum. CAP’s report examines compensation outcomes for Chief Financial Officers (CFOs) relative to Chief Executive Officers (CEOs).

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Japan Megabanks’ Strategic Share Sale Marks Big Priority Shift

Global Finance

The plan by the Big Three banks to unwind their cross-shareholdings points to a long-awaited turn to better corporate governance. The announcements in June by Japan’s three megabanks that they will sell $5.4 billion of their strategic cross-shareholdings over three years mark a milestone in the decades-long effort to remodel Japanese corporate governance along more investor-friendly lines.

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Food giants are strangling Britain’s farmers and consumers. What’s the solution? Break them up | Nicholas Shaxson

The Guardian M&A

The UK has a huge problem with monopolies – yet taking conglomerates apart is not as hard as you might think When British farmers protested outside the Houses of Parliament earlier this year, they sent 49 scarecrows , after a survey had found that 49% of UK fruit and vegetable farmers said they expected to go bust within a year. The scarecrows stood in for real farmers, who are mostly too afraid to speak out.

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Decarbonizing API manufacturing: Unpacking the cost and regulatory requirements

Mckinsey and Company

A range of existing and emerging decarbonization solutions could help active pharmaceutical ingredient companies reduce their carbon footprint by up to 90 percent.

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Environmental Performance Metrics in Incentive Plans: Incentive Trends and Key Design Considerations

Harvard Corporate Governance

Posted by Tara Tays, Phil Johnson (Pay Governance), and Ashley Gamarra (SustainaBase), on Tuesday, July 23, 2024 Editor's Note: Tara Tays is a Partner, Phil Johnson is a Senior Consultant at Pay Governance, and Ashley Gamarra is Head of Marketing at SustainaBase. This post is based on their Pay Governance memorandum. Introduction In recent years, global companies have grappled with defining a baseline for environmental metrics, establishing the processes and controls to measure and report progre

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Incoming Alphabet CFO Knows The ABCs Of Innovation

Global Finance

Alphabet reached far outside its industry boundaries to recruit its new CFO; Anat Ashkenazi, an Eli Lilly veteran, takes charge of the Google parent’s finances this summer, replacing Ruth Porat, who was promoted to president and CIO. Unusual, yes; the drugmaker and the tech giant have very different lines of business, their cultures are different, and so are their strategic priorities.

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Tellurian Shares Soar on $1.2B Woodside Deal: Details

Benzinga

Tellurian Inc. (NYSE: TELL ) shares are trading higher after the company inked an acquisition deal with Australia’s Woodside Energy Group Ltd (NYSE: WDS ) for an implied enterprise value of $1.2 billion, including net debt. The deal consideration includes a $900 million all-cash payment or $1.00 per Tellurian share. The acquisition price represents a 75% premium to Tellurian’s closing price on July 19, 2024, and a 48% premium to Tellurian’s 30-day volume weighted average price.

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Inside the engine room: Debunking the myths of scaling a new business

Mckinsey and Company

Demystifying the narrative around five fundamental elements will help start-ups and scale-ups grow efficiently and continuously.

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The Potential Impact of the DGCL Market Practice Amendments on Activism Settlements

Harvard Corporate Governance

Posted by Keith E. Gottfried, Gottfried Shareholder Advisory, on Friday, July 26, 2024 Editor's Note: Keith E. Gottfried is Founder and CEO of Gottfried Shareholder Advisory. This post is based on his Gottfried memorandum and is part of the Delaware law series ; links to other posts in the series are available here. On July 17, 2024, Senate Bill 313 , the market practice amendments to the Delaware General Corporation Law (the “ DGCL ”), were signed into law by Delaware Governor John Carney an

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Czech Republic Central Bank Hits Target With Big Inflation Reversal

Global Finance

In an impressive turnaround, the Czech Republic’s consumer price index has sunk from a hefty 17.5% in February of last year to 2%—the Czech National Bank’s target—in June of this year. It’s the biggest percentage drop in inflation in the developed world since the beginning of 2013. Since assuming office at the peak of the republic’s inflation crisis in 2022, CNB Governor Aleš Michl has been implementing a unique and rather unorthodox strategy to combat price hikes.

Banking 105
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Key Resilience and Business Continuity Indicator | Ncontracts

N Contracts

Measuring business continuity risk is crucial for protecting your financial institution from operational, financial, and reputational damage. When you understand your level of business continuity risk, you can determine if you're comfortable with that risk or need to enhance your preparedness. This applies whether you're quantifying risk for the first time or monitoring changes in your risk exposure.

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Generative AI in healthcare: Adoption trends and what’s next

Mckinsey and Company

Surveyed healthcare leaders say their organizations are eager to use generative AI to help enhance how healthcare stakeholders work and operate, but some are still adopting a wait-and-see approach.

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Paramount-Skydance Deal Is Redstone Windfall, Investor Says

Law 360 M&A

A shareholder of Paramount Global Class B common stock on Wednesday sued chairwoman Shari Redstone and several members of its board over the allegedly "unfair" merger with Skydance Media LLC, claiming the deal is being orchestrated to cash out Redstone's investments in Paramount at a substantial premium compared to other stockholders.

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FDI Tumbled Across Asia In 2023, UN Reports

Global Finance

A sizable decline in foreign direct investment (FDI) in China and a notable decrease in M&A sales across developing Asia contributed to an 8% fall in FDI to $621 billion across the region in 2023, according to data from the United Nations Conference on Trade and Development (UNCTAD). Nowhere was the drop steeper than in South Asia, where a 37% fall to $36 billion was reported.

Finance 105
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Warner Bros Discovery's TNT Sports Counters Amazon With $1.9B NBA Broadcast Rights Bid: Report

Benzinga

In a recent development, Warner Bros Discovery’s (NASDAQ: WBD ) sports network, TNT Sports , has declared its intention to match one of the three bids for the broadcast rights of National Basketball Association games. What Happened: The decision is aimed at maintaining TNT Sports’ long-standing four-decade relationship with the NBA. While the network has not disclosed which NBA programming package it plans to match, a source close to the matter has revealed that TNT Sports is conside

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