Sat.Jun 08, 2024 - Fri.Jun 14, 2024

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Key priorities for an “early days” GenAI strategy

Harvard Corporate Governance

Posted by Barbara Berlin, PricewaterhouseCoopers LLC, on Tuesday, June 11, 2024 Editor's Note: Barbara Berlin is Managing Director at the PricewaterhouseCoopers (PwC) Governance Insights Center. This post is based on her PwC memorandum. We are in what might be termed the early days of generative AI (GenAI). It was only in November 2022 that the consumer release of ChatGPT captured the world’s imagination.

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IVSC Perspectives Paper: Inspection of Tangible Assets

IVSC

IVSC has issued a new Perspectives Paper focusing on the inspection of tangible assets in the valuation process. This paper, authored by the IVSC Tangible Assets Board, explores the topic of valuation inspections and considers the benefits and challenges associated with various types of inspections, including traditional physical inspections and technology-based virtual assessments.

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Trending Sources

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Tech services and generative AI: Plotting the necessary reinvention

Mckinsey and Company

The rapid emergence of generative AI has the potential to disrupt a dynamic the sector has relied on for decades, but it also offers an opportunity to tap a lucrative new market.

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Paramount’s Deal With Skydance Falls Apart

NYT M&A

There were several hitches in the last week as Skydance, Paramount and its parent company, National Amusements, reached the final stages of negotiations.

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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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Diversity, Equity, and Inclusion in the 2024 Proxy Season: A New Era of Scrutiny

Harvard Corporate Governance

Posted by Merel Spierings, The Conference Board, on Thursday, June 13, 2024 Editor's Note: Merel Spierings is a Senior Researcher at The Conference Board. This post was authored by Ms. Spierings and is based on voting data published by The Conference Board and ESGAUGE in collaboration with Russell Reynolds Associates and The Rutgers Center for Corporate Law and Governance.

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Innovation Beyond Technology: Q&A With J.P. Morgan Payments’ Lori Schwartz

Global Finance

Lori Schwartz, Global Head of Liquidity & Account Solutions and Digital & Design at J.P. Morgan Payments, discusses fostering innovation within the corporate treasury with Global Finance. GF : How has artificial intelligence affected your organization’s performance in the past year? Lori Schwartz : We are looking at ways to harness the power of such technology to simplify and make our internal processes more efficient.

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What's Going On With Banking Giant HSBC Stock Today?

Benzinga

HSBC Holdings plc (NYSE: HSBC ) shares are trading lower today. HSBC Bank (China) Company Limited finalized the acquisition of Citigroup Inc’s (NYSE: C ) retail wealth management portfolio in mainland China. HSBC has also transitioned over 300 employees as a part of this integration. This deal shows HSBC’s ongoing improvement in wealth services in China and Asia.

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Call to Action: ISSB Global Adoption

Harvard Corporate Governance

Posted by Elisa Cencig, Wilhelm Mohn, and Carine Smith Ihenacho, NBIM, on Monday, June 10, 2024 Editor's Note: Elisa Cencig is Head of Policy Engagement, Wilhelm Mohn is Global Head of Active Ownership, and Carine Smith Ihenacho is Chief Governance and Compliance Officer at Norges Bank Investment Management (NBIM). This post is based on a statement endorsed by NBIM and other organizations.

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Reorganization Spurs Synergies: Q&A With Citi Commerical Bank’s Raymond Gatcliffe

Global Finance

Head of Commercial Bank in North America at Citi discusses the company’s reorganization of its banking lines with Global Finance. In mid-September, Citi CEO Jane Fraser announced a comprehensive reorganization of the banking giant. Part of the simplified operations model included putting its commercial banking, corporate banking and investment banking businesses under one Banking business line.

Banking 105
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A new itinerary for the tourism industry

Mckinsey and Company

Consumers of all ages, from different parts of the globe, are prioritizing travel. Here’s what providers should know to tailor experiences in ways that will attract and delight today’s tourists.

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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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When and How Often to Increase SaaS Prices

Lighter Capital

Increasing prices is the most effective way for growing SaaS startups to scale revenue. One study of Fortune 500 companies found that increasing prices by 5% results in a 22% jump in operating profits. Should your SaaS startup raise prices? For SaaS startups that depend on customers sticking around, the prospect of increasing prices can be daunting.

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How Should Compensation Committees View 2024 Say on Pay Results?

Harvard Corporate Governance

Posted by Blair Jones, Austin Vanbastelaer, Justin Beck, Semler Brossy LLC, on Friday, June 14, 2024 Editor's Note: Blair Jones is a Managing Director, Austin Vanbastelaer is a Principal, and Justin Beck is a Senior Consultant at Semler Brossy LLC. This post is based on their Semler Brossy memorandum. On the surface, there is no standalone trend in this year’s Say on Pay voting that would create an interesting headline for compensation committees.

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As Feds Stalk Anticompetitive Mergers, What Can Competitors Do?

Mogin Rubin M&A

Continuing to make good on President Biden’s pledge to root out and challenge anticompetitive mergers, the Antitrust Division of the Justice Department and the Federal Trade Commission have asked the public to join the hunt. On May 23, the agencies publicly asked companies for information they may have on any serial acquisitions and “roll-up strategies” being undertaken across the U.S. economy.

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The case for doubling down on refinery reliability now

Mckinsey and Company

With unplanned refinery outages at an all-time high, reliability fundamentals remain critical to capturing market opportunities, while digital tools can unlock further impact.

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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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Cost Segregation Study Considerations for Real Estate Investors

Trout CPA

Written by Geoffrey Kaufman, CPA, MBA As real estate investors look to optimize the financial performance of their portfolios, one often overlooked but highly effective strategy is the utilization of cost segregation studies. These studies can significantly enhance cash flow by accelerating depreciation deductions. In this article, we will delve into cost segregation studies and explore why property owners should consider incorporating them into their financial planning.

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ExxonMobil’s Lawsuit Against its Shareholders: A Cautionary Tale

Harvard Corporate Governance

Posted by Timothy Smith, ICCR, on Wednesday, June 12, 2024 Editor's Note: Timothy Smith is Senior Policy Advisor at the Interfaith Center on Corporate Responsibility (ICCR). On January 21, ExxonMobil filed a case in the Fifth Circuit Court in Dallas, Texas suing two shareholders, Arjuna Capital and Netherlands-based FollowThis, who had dared to file a proposal requesting that the company do more to reduce its greenhouse gas (GHG) emissions to help counter the growing climate crisis.

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Sony Pictures Acquires Alamo Drafthouse in Lifeline to Cinema Chain

NYT M&A

The deal is the first time in half a century that a traditional Hollywood studio will own a movie theater chain.

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Enhancing customer experience in an evolving mobility ecosystem

Mckinsey and Company

Toyota Insurance President and COO Robert Spencer shares his views on how OEMs and insurers can partner to enhance customer experience as the mobility ecosystem evolves.

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Spain: From Red To Black

Global Finance

In the past decade, leaving aside the Covid-19-induced recession, Spain’s economy has performed better than the European average. The year 2024 looks to be no different; Spanish GDP is expected to expand to double the average in the euro area: between 1.9% and 2.1%, according to different estimates, versus a range of 0.8% to 1% for its peers. And this is likely to remain true in 2025 as well.

Banking 102
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Did Tesla Directors Take a Big Accounting Bet without any Independent Accounting Advice?

Harvard Corporate Governance

Posted by Lucian Bebchuk (Harvard Law School) and Robert Jackson (NYU School of Law), on Tuesday, June 11, 2024 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. Robert Jackson is a professor of law at NYU School of Law who served as a Commissioner of the U.S.

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'Cockamamie' Live Nation Arbitration Rules Perplex 9th Circ.

Law 360 M&A

An attorney for Live Nation Entertainment Inc. argued to skeptical Ninth Circuit judges on Friday that a California district judge was wrong to remove ticket buyers' antitrust class claims from arbitration by finding the arbitration agreements unconscionable, with one judge calling the language in the agreements "drafting malpractice," "cockamamie" and "just nuts.

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Scott Johnston on designing and building scalable platforms

Mckinsey and Company

Scott Johnston, CEO of Docker, discusses how to design and build scalable platforms and find the right balance between standardization and flexibility to empower developers.

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Noble Corporation To Acquire Diamond Offshore Drilling In $15.52/Share Deal; Enhances Dividend Payouts By 25%

Benzinga

Diamond Offshore Drilling, Inc. (NYSE: DO ) shares are trading higher after the company disclosed that it signed a definitive agreement to be acquired by Noble Corporation plc (NYSE: NE ) in a stock-plus-cash transaction. The implied cash and stock consideration for Diamond shareholders is $15.52 per share, reflecting an 11.4% premium over Diamond’s closing share price on June 7, 2024.

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Current Trends in Executive Compensation Based on the 2024 Proxy Season

Harvard Corporate Governance

Posted by Don Kokoskie, Ira Kay and Connie Lin, Pay Governance LLC, on Thursday, June 13, 2024 Editor's Note: Don Kokoskie is a Partner, Ira Kay is a Managing Partner, and Connie Lin is a Principal at Pay Governance LLC. Introduction Pay Governance LLC provides counsel and advice to the Board of Directors’ Compensation Committees of more than 450 prominent publicly-traded and private companies.

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EQT Extends £2B Offer Deadline For Video Gaming Biz

Law 360 M&A

Keywords Studios said Friday that Swiss private equity firm EQT has been granted extra time to make a £2 billion ($2.5 billion) offer after the Irish gaming services group indicated that it could back the deal.

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Revolutionizing procurement: Leveraging data and AI for strategic advantage

Mckinsey and Company

Analytics and AI are transforming the way procurement functions work. But most CPOs don’t feel ready for the data-driven revolution.

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How Does the New Third-Party Guide Apply to Your Community Bank?

N Contracts

Are some community banks struggling to implement the Interagency Guidance on Third-Party Relationships: Risk Management released in June 2023? It’s possible.

Banking 104
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Six Early Takeaways from the 2024 Proxy Season

Harvard Corporate Governance

Posted by Diana Lee and Sydney Carlock, Teneo, on Wednesday, June 12, 2024 Editor's Note: Diana Lee is Senior Vice President and Sydney Carlock is a Managing Director at Teneo. This post is by Ms. Lee, Ms. Carlock, Martha Carter , Matt Filosa , and Sean Quinn. Introduction With November’s election on the horizon, the politicization of ESG topics remains a key concern for both investors and corporations.

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Playing Chess Makes Me A Better Lawyer

Law 360 M&A

There are many ways that chess skills translate directly into lawyer skills, but for me, the bigger career lessons go beyond the direct parallels — playing chess has shown me the value of seeing gradual improvement in and focusing deep concentration on a nonwork endeavor, says attorney Steven Fink.

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Managing the risks around generative AI

Mckinsey and Company

The transformational technology will require every member of an organization to be a risk professional.

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Redpath and Company Hires Andrew Kizer to Lead Lender Services

Redpath

Saint Paul, Minnesota (June 11, 2024 ) - Redpath and Company (Redpath) has hired Andrew Kizer as Managing Director to lead the Lender Services practice area. He will be tasked with helping lenders minimize their risk profile by providing objective collateral evaluations, field exams, and assurance services.

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Section 122(18) DGCL: A proposed compromise

Harvard Corporate Governance

Posted by Marcel Kahan and Edward Rock (New York University School of Law), on Monday, June 10, 2024 Editor's Note: Marcel Kahan is the George T. Lowy Professor of Law and Edward B. Rock is the Martin Lipton Professor of Law at New York University School of Law. This post is part of the Delaware law series ; links to other posts in the series are available here.

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How 3 Firms Cleared 2 Ex-Autonomy Execs In HP Fraud Case

Law 360 M&A

A California federal jury's rejection last week of fraud charges against the founder and former finance vice president of British software company Autonomy validated an approach by the defendants' three law firms — Steptoe, Clifford Chance and Bird Marella — to form a "seamless" collaboration throughout the trial, from jury selection to closing arguments.

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What it takes to rewire a CPG company to outcompete in digital and AI

Mckinsey and Company

Answering six specific questions holds the key to successful digital and AI transformations for CPG companies.

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