Peak Business Valuation

DECEMBER 10, 2023

Employee Stock Ownership Plans (ESOPs) are a popular way for companies to provide retirement benefits to their employees. With an ESOP, a company’s original investors retain ownership of the business. However, employees are given or enabled to purchase shares in the company, making them direct stakeholders. Whether you are starting, purchasing , or expanding a business , you may consider setting up an employee stock ownership plan.

Business Valuation 52

Business Valuation Fair Market Value Start-ups Appraisal 52

Harvard Corporate Governance

DECEMBER 14, 2023

Posted by Nathan Atkinson (University of Wisconsin), on Thursday, December 14, 2023 Editor's Note: Nathan Atkinson is Assistant Professor at the University of Wisconsin Law School. This post is based on his recent article that was published in the Yale Journal on Regulation. In 2015, the Environmental Protection Agency entered a settlement with ASARCO LLC for violations of the Clean Air Act at a copper smelting plant in Hayden, Arizona.

Compliance 278

Compliance 278

Mckinsey and Company

DECEMBER 14, 2023

In the third quarter 2023, the economies of most countries in Southeast Asia showed pockets of growth and resilience, despite the cumulative effects of monetary tightening and slower global demand.

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Benzinga

DECEMBER 10, 2023

In a recent development in the health insurance sector, Cigna Corporation (NYSE: CI ) has withdrawn from its proposed merger with Humana Inc. (NYSE: HUM ). What Happened: The deal, poised to create a colossal entity in the industry with an estimated $140 billion, fell through due to disagreements over financial terms. With the merger off the table, Cigna is redirecting its strategy towards smaller, targeted acquisitions, reports The Wall Street Journal.

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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.

Marketability

Musings on Markets

DECEMBER 10, 2023

Can one person make a difference to the value of a business? Of course, and with small businesses, especially those built around personal services (a doctor or plumber’s practice), it is part of the valuation process, where the key person is valued or at least priced and incorporated into valuation. While that effect tends to fade as businesses get larger, the tumult at Open AI, where the board dismissed Sam Altman as CEO, and then faced with an enterprise-wide meltdown, as capital providers and

Key Person Discount 116

Key Person Discount Start-ups Price to Book Marketability 116

Harvard Corporate Governance

DECEMBER 11, 2023

Posted by Ben Bates (Harvard Law School), on Monday, December 11, 2023 Editor's Note: Ben Bates is a Research Fellow at the Harvard Law School Program on Corporate Governance. This post is based on his recent paper. Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism (discussed on the Forum here ) by Lucian A.

Compliance 275

Compliance Equity 275

NYT M&A

DECEMBER 10, 2023

Ms. Redstone waged a bitter battle for control of National Amusements, the parent company of MTV, CBS and the Paramount movie studio. Now, she’s considering a sale.

Mergers & Acquisitions 120

Mergers & Acquisitions 120

Benzinga

DECEMBER 15, 2023

La Rosa Holdings Corp (NASDAQ: LRHC ) has acquired a 100% interest in the company’s franchisee - La Rosa Realty CW Properties in Longwood, Florida. CW Properties generated revenue of $3.4 million and had positive net income in 2022. The franchisee provides residential and commercial real estate brokerage services. It also provides coaching and support services to agents on a fee basis.

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Harvard Corporate Governance

DECEMBER 10, 2023

Posted by Robert Appleton, Jason Saltsberg, and Brian Roe, Olshan Frome Wolosky LLP, on Sunday, December 10, 2023 Editor's Note: Robert Appleton and Jason Saltsberg are Partners and Brian Roe is an Associate at Olshan Frome Wolosky LLP. This post is based on their Olshan memorandum. On January 1, 2024, the Corporate Transparency Act (“CTA”) comes into effect.

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Mckinsey and Company

DECEMBER 12, 2023

Public funding for biotech remains tenuous, but in 2022 and 2023 venture capitalists have continued to pour money into innovative platforms that could revolutionize the sector.

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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

Corporate Finance

Trout CPA

DECEMBER 12, 2023

Trout CPA is thrilled to announce that Aaron S. Grumbling, CPA , has joined our team as a Client Accounting Services Manager. Aaron joins our firm with over 30 years of experience, primarily in the not-for-profit industry. His extensive work experience includes working as a Finance Director for a non-profit county library and as an audit principal at a regional CPA firm.

Finance 105

Finance 105

N Contracts

DECEMBER 12, 2023

BRENTWOOD, Tenn., December 12, 2023 --     Ncontracts , the leading provider of integrated compliance, risk, and vendor management solutions to the financial services industry, announced it has acquired Quantivate, a growing provider of governance, risk, and compliance (GRC) solutions for banks and credit unions.

Compliance 103

Compliance Banking 103

Harvard Corporate Governance

DECEMBER 13, 2023

Posted by Robert T. Miller (University of Iowa), on Wednesday, December 13, 2023 Editor's Note: Robert T. Miller is the F. Arnold Daum Chair in Corporate Finance and Law and the Associate Dean for Faculty Development at the University of Iowa College of Law. This post is based on his recent paper forthcoming in the Journal of Corporation Law and is part of the Delaware law series ; links to other posts in the series are available here.

Corporate Finance 211

Corporate Finance Finance 211

Mckinsey and Company

DECEMBER 13, 2023

Discover how our authors’ words inspired our designers’ most creative choices, offering a hopeful view of a future fueled by sustainable, inclusive growth.

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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.

Marketability

Machen McChesney

DECEMBER 12, 2023

The holiday season is here. During this festive season, your business may want to show its gratitude to employees and customers by giving them gifts or hosting holiday parties. It’s a good time to review the tax rules associated with these expenses. Are they tax deductible by your business, and is the value taxable to the recipients?

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N Contracts

DECEMBER 13, 2023

December is here, and so is another episode of Ncontracts’ Regulatory Brief covering all the major regulatory news, trends, and updates of the past month.

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Harvard Corporate Governance

DECEMBER 13, 2023

Posted by Maria Vu, Lisa-Marie O’Malley, Brandon Pak, Glass, Lewis & Co., on Wednesday, December 13, 2023 Editor's Note: Maria Vu is Senior Director of Executive Compensation Research, Lisa-Marie O’Malley is Lead Analyst, and Brandon Pak is Research Analyst at Glass, Lewis & Co. This post is based on a Glass Lewis article by Ms. Vu, Ms. O’Malley, Mr.

Equity 173

Equity 173

Mckinsey and Company

DECEMBER 13, 2023

Explore some of our most visually engaging, “only McKinsey” insights of 2023—brought to life with innovative, interactive forms of storytelling.

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145

Benzinga

DECEMBER 15, 2023

Health Care Service Corporation (HCSC) and Elevance Health Inc (NYSE: ELV ) are reportedly engaged in a competitive race to acquire the Medicare Advantage business segment from Cigna Group (NYSE: CI ), aimed at catering to individuals aged 65 and above. Cigna anticipates the culmination of the bidding process for its Medicare Advantage unit by the following week.

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M&A Leadership Council

DECEMBER 13, 2023

Success Depends on Planning and Coordination Across the Enterprise By Lori DeVincent, CMAS, M&A Leadership Council Alumna and Director of Information Technology at ResCap Liquidating Trust Many times the decision to divest a business entity is made in a board room, kept quiet or shared with a limited audience until the close of the deal. Of course, there are many good reasons to limit those in the know.

Technology 98

Technology Mergers & Acquisitions Finance 98

Harvard Corporate Governance

DECEMBER 11, 2023

Posted by Subodh Mishra, ISS STOXX, on Monday, December 11, 2023 Editor's Note: Subodh Mishra is Global Head of Communications at Institutional Shareholder Services (ISS) Inc. This post is based on an ISS Corporate Solutions memorandum by Jun Frank , Global Head of Compensation & Governance Advisory; Stephan Stegmueller , Head of Compensation & Governance Advisory, EMEA and APAC; Yan Xu, Senior Adviser, EMEA; and Fredrik Lundin, Senior Sustainability Solutions Product Manager at ISS-Corp

Equity 162

Equity Marketability 162

Mckinsey and Company

DECEMBER 13, 2023

View some of our favorite data visualizations from the year to see how data helps translate complex information into compelling stories.

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145

Law 360 M&A

DECEMBER 15, 2023

Biotechnology company Zymergen notified a Delaware bankruptcy judge this week it received two successful bids in its Chapter 11 auction, one bid coming from its corporate parent, Ginkgo Bioworks, and the other from sustainable agriculture business Pivot Bio Inc.

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Meade & Moore

DECEMBER 14, 2023

In the past few years, the Financial Accounting Standards Board (FASB) has released a few key updates to US generally accepted accounting principles (GAAP). Although some of these updates have been in the works for years — like the lease accounting standard under ASC 842 — entities are still getting used to the new reporting requirements and tweaking their financials to be fully compliant.

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Harvard Corporate Governance

DECEMBER 15, 2023

Posted by Amelia Miazad (University of California at Davis), on Friday, December 15, 2023 Editor's Note: Amelia Miazad is a Professor at the UC Davis School of Law. This post is based on her recent paper. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

Marketability 154

Marketability 154

Mckinsey and Company

DECEMBER 14, 2023

Organizations with innovation cultures realize more value from strategic technology investments than their peers do, our latest digital survey finds.

Technology 145

Technology Corporate Finance Finance 145

Benzinga

DECEMBER 15, 2023

A private equity consortium comprising Insight Partners and Clearlake Capital Group is currently engaged in advanced negotiations to take the data analytics software company Alteryx Inc (NYSE: AYX ) private for roughly $5 billion, including debt, Reuters reports. This move follows Alteryx facing intense competition from tech giants like Microsoft Corp (NASDAQ: MSFT ) and Oracle Corp (NYSE: ORCL ), coupled with challenges in securing new business, resulting in a depreciation of its valuation and

Equity 98

Equity 98

Law 360 M&A

DECEMBER 11, 2023

Liberty Tax parent NextPoint Financial on Monday got recognition from a Delaware bankruptcy judge of a Canadian court approval of the sale of its business, clearing the way for Liberty to be acquired by stalking horse bidder BP Commercial.

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Harvard Corporate Governance

DECEMBER 12, 2023

The Program on Corporate Governance at Harvard Law School (HLS) is seeking applications for Corporate Governance Post Doctoral Fellowships from highly qualified candidates with graduate training in finance, economics, or accounting. Applications are considered on a rolling basis, and the start date is flexible. Appointments are for one year but the appointment period can be extended for additional one-year period/s (contingent on business needs and funding as are other Program positions).

Finance 150

Finance 150

Mckinsey and Company

DECEMBER 11, 2023

Broadly speaking, a chief information officer focuses on internal technology, while a chief technology officer focuses on emerging technologies and product strategy.

Technology 133

Technology 133

ThomsonReuters

DECEMBER 12, 2023

Jump to: What is needed to record lease liability? How do you calculate the lease liability? What is needed to calculate the right-of-use asset? How do you calculate the right-of-use asset? Putting it all together to record lease liability and right-of-use asset Lease liability reminders Under the ASC 842 lease standard, almost all leases are recorded on the balance sheet.

Intangible Assets 98

Intangible Assets 98

Auto Dealer Valuation Insights

DECEMBER 11, 2023

A recent Wall Street Journal article described younger adults’ profound mistrust of the traditional institutions of financial life, such as banks and financial advisors. That doesn’t mean young adults don’t have questions about money, it just means they are more likely to turn to their peers for answers. What does this mean for enterprising families?

Banking 97

Banking 97

Harvard Corporate Governance

DECEMBER 9, 2023

Posted by Cydney S. Posner, Cooley LLP, on Saturday, December 9, 2023 Editor's Note: Cydney S. Posner is Special Counsel at Cooley LLP. This post is based on her Cooley memorandum. The SEC has announced its Enforcement stats for fiscal 2023, which revealed that the SEC filed 784 total enforcement actions, up 3% from the 760 filed in fiscal 2022. However, the level of financial remedies declined in fiscal 2023 to $4.9 billion from a record $6.4 billion last year.

Compliance 133

Compliance 133

Mckinsey and Company

DECEMBER 13, 2023

Serving on a corporate board can open new career vistas while rounding out your skills and experience. But how do you join one? Here are six steps to becoming a board member.

Corporate Finance 141

Corporate Finance Finance 141