Sat.Jan 07, 2023 - Fri.Jan 13, 2023

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Subway's Potential Sale: Eat Fresh for $10 Billion or More

Benzinga

Sandwich chain Subway is exploring a potential sale that could value the company at more than $10 billion and has retained advisers. "As a privately held company, we don't comment on ownership structure and business plans," Subway said. "We continue to be focused on moving the brand forward with our transformational journey to help our franchisees be successful.

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How Important Is Corporate Governance? Evidence from Machine Learning

Harvard Corporate Governance

Posted by Anastasia Zakolyukina (University of Chicago Booth School of Business), Ian D. Gow (University of Melbourne), and David F. Larcker (Stanford Graduate School of Business), on Monday, January 9, 2023 Editor's Note: Anastasia Zakolyukina is an Associate Professor of Accounting and a William Ladany Faculty Scholar at University of Chicago Booth School of Business, Ian D.

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Expense Management Tips for CFOs and Controllers

Redpath

CFOs and Controllers do more than crunch numbers, manage a company’s budget, and protect its financial assets. They must capture key performance indicators (KPIs) that can inform the future course of an organization, however, they cannot achieve this without timely, accurate, and complete data.

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Artificial intelligence in strategy

Mckinsey and Company

AI tools can help executives avoid biases in decisions, pull insights out of oceans of data, and make strategic choices more quickly. And that’s just the beginning.

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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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Professional Insights: Olivier Mege – RQR

IVSC

Olivier Mege Founder and CEO, RQR Olivier founded Real Quality Rating (RQR) after 15 years in real estate asset management in Asia and 5 years at MSCI as global head of real estate index research. He is a member of the Royal Institution of Chartered Surveyors (RICS), a member of the Chartered Alternative Investment Association (CAIA), a member of the IPF (Investment Property Forum), a master of the Japanese Association for Real Estate Securitisation (ARES, Japan) and a certified transactor of th

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Cross-Border M&A – 2023 Checklist for Successful Acquisitions in the U.S.

Harvard Corporate Governance

Posted by Adam O. Emmerich and Robin Panovka, Wachtell, Lipton, Rosen & Katz, on Saturday, January 7, 2023 Editor's Note: Adam O. Emmerich and Robin Panovka are Partners at Wachtell, Lipton, Rosen & Katz. This post is based on a Wachtell Lipton memorandum by Mr. Emmerich, Mr. Panovka, Jodi J. Schwartz , David A. Katz , Ilene Knable Gotts , Andrew J.

Finance 247

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One billion days lost: How COVID-19 is hurting the US workforce

Mckinsey and Company

COVID-19 may no longer be a pandemic, but the disease likely reduced the availability of the US workforce by as much as 2.6 percent in 2022—a burden on productivity that could last for years.

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Will ChatGPT and AI Kill the Investment Banking Industry and Other “Knowledge Worker” Jobs?

Brian DeChesare

Unless you’ve been hiding under a rock, you probably noticed the excitement, hype, and borderline panic when ChatGPT from OpenAI was released in November 2022. If you haven’t yet created an account or tried it, you should – because it is quite impressive. You can ask the tool almost any question, and it will generate text or computer code in response (with some restrictions).

Banking 111
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Prioritizing Human Capital — Modern Challenges and the Board’s Role

Harvard Corporate Governance

Posted by Carey Oven, Michael Stephan, and Reem Janho, Deloitte LLP, on Thursday, January 12, 2023 Editor's Note: Carey Oven is National Managing Partner at the Center for Board Effectiveness and Chief Talent Officer, Michael Stephan is US Human Capital national managing partner and Reem Janho is Senior Manager at Deloitte LLP. This post is based on a Deloitte memorandum by Ms.

Equity 244
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The UAE business that went from obscurity to a $240bn valuation in 3 years

Financial Times M&A

In 2019, International Holding Company was a little-known company involved in fish farms, food and real estate

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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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Innovation: Your solution for weathering uncertainty

Mckinsey and Company

When the times get tough, the tough get innovative and create paths to future growth.

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Twitter Said to Consider Selling User Names to Boost Revenue

NYT M&A

The company has discussed selling some user names through online auctions, people with knowledge of the plans said.

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Investment Stewardship Global Principles 2023

Harvard Corporate Governance

Posted by Sandy Boss, John McKinley and Michelle Edkins, BlackRock, Inc., on Friday, January 13, 2023 Editor's Note: Sandy Boss is Global Head of Investment Stewardship, John McKinley and Michelle Edkins are Managing Directors at BlackRock, Inc. This post is based on their BlackRock memorandum. Introduction to BlackRock. BlackRock’s purpose is to help more and more people experience financial well-being.

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The Murdoch family trust: how the scions could battle for control

Financial Times M&A

The proposed Fox-News Corp merger could portend a realignment of the interests of Rupert Murdoch’s children

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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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Diversity, Equity and Inclusion Lighthouses 2023

Mckinsey and Company

Leaders need clarity on what works to improve diversity, equity, and inclusion. Our 2023 report shows success factors that contributed to significant, quantifiable, scalable, and sustainable DEI impact.

Equity 133
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The Romance Novelist Who Faked Her Own Death

NYT M&A

Now how’s that for a plot twist?

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Top 5 SEC Enforcement Developments

Harvard Corporate Governance

Posted by Haimavathi V. Marlier, Jina Choi, Michael D. Birnbaum, Morrison & Foerster LLP, on Sunday, January 8, 2023 Editor's Note: Haimavathi V. Marlier , Jina Choi , and Michael D. Birnbaum are Partners at Morrison & Foerster LLP. This post is based on their Morrison & Foerster memorandum. we summarize below some of the most important SEC enforcement developments from the past month.

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Atlas Global To Acquire Cannabis 'Trading House' And Two Pharmacies In Israel, Commences Trading On The CSE

Benzinga

Atlas Global Brands Inc. (CSE:ATL), (formerly Silver Phoenix Resources Inc.) announced that, through its Israeli subsidiary, signed a binding letter of intent at an arm’s length with no finder’s fee, on January 11, 2023, to acquire 51% of the outstanding securities of the following entities : An Israeli licensed cannabis “Trading House”, located in Tel Aviv.

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COVID-19 learning delay and recovery: Where do US states stand?

Mckinsey and Company

While two decades of math and reading progress have been erased, US states can play an important role in helping students to catch up.

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Del. High Court Sides With Insurers In $20M D&O Dispute

Law 360 M&A

The Delaware Supreme Court upheld a ruling that Stillwater Mining Co. doesn't have insurance coverage for its $20 million-plus legal bill stemming from a 2017 stockholder appraisal lawsuit, rejecting the company's argument that Montana law should apply to the dispute.

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US M&A Levels Remain Healthy

Harvard Corporate Governance

Posted by Maxim Mayer-Cesiano, and Jonathan E. Berger, Skadden, Arps, Slate, Meagher & Flom LLP, on Monday, January 9, 2023 Editor's Note: Maxim Mayer-Cesiano is a Partner and Jonathan E. Berger is an Associate at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on their Skadden memorandum. Related research from the Program on Corporate Governance includes Are M&A Contract Clauses Value Relevant to Target and Bidder Shareholders?

Finance 225
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New Leaf Ventures Acquires High Profile, Bolsters Management Team With Two New Hires Including Xebra's CEO

Benzinga

New Leaf Ventures Inc. (OTCPK:NLVVF) (CSE:NLV) has completed the acquisition of High Profile Holdings Corp. by way of a statutory three-cornered amalgamation. Jason Garnett, CEO and director of Xebra Brands (OTCQB: XBRAF ) and director of High Profile, will be joining New Leaf’s board of directors and initially acting as chief strategy officer.

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Is virtual care delivering on its promise of improving access?

Mckinsey and Company

Although virtual-care adoption has substantially increased, healthcare organizations can pursue additional opportunities to reduce disparities in access.

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New Law Ushers in Major Retirement Changes

Machen McChesney

There's been buzz about new retirement plan provisions for weeks, and now they're final, bringing about changes to various federal rules and adding flexibility for current and future retirees. The Secure 2.0 Act of 2022, part of the Consolidated Appropriations Act of 2023, includes the following modifications, some of which are immediate and others that will take effect in the future.

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SEC Rule 14a-8 Shareholder Proposals: No-Action Requests, Determinants, and the Role of SEC Staff

Harvard Corporate Governance

Posted by Gregory Burke (Duke University), on Thursday, January 12, 2023 Editor's Note: Gregory Burke is a fifth-year accounting Ph.D. candidate at Duke University’s Fuqua School of Business. This post is based on his article forthcoming in the Journal of Accounting and Public Policy. Background. Since 1947, no-action letters under Securities and Exchange Commission (SEC) Rule 14a-8 have allowed SEC staff members to regulate shareholder voice upon management’s request, acting as intermediaries b

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WHY DEALS FALL APART (and what to do about it)

A Neumann & Associates

The process of selling your business can be a very rewarding experience – both financially and in terms of lifestyle for you and your family. If handled properly, executing a successful sale to a 3rd party can certainly meet all ownership goals and benefit the organization (including its valued employees) moving forward. However, if improperly handled, an attempt at selling a business can be a nightmare fraught with complex challenges that will surely doom the effort to fail.

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What is Davos?

Mckinsey and Company

Davos, Switzerland, is where the World Economic Forum holds its annual meeting. Delegates from many sectors converge for several days of talks and meetings to address urgent global issues.

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Staying Current on Payroll Rules

Machen McChesney

Hiring staff? Good for you! It means your business is thriving. Now is the time to get up to speed or reacquaint yourself with any labor laws you’ll need to be compliant with. Labor laws were created to protect employees’ rights. If you’re vigilant, you can avoid financial headaches.

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Homophily versus monitoring: Do all female board directors drive the gender assignment of audit partners?

Harvard Corporate Governance

Posted by Mehdi Nekhili (Le Mans Université), on Wednesday, January 11, 2023 Editor's Note: Mehdi Nekhili is a Professor of financial and accounting Management at Le Mans University. This post is based on an article forthcoming in the Journal of Accounting and Public Policy by Mr. Nekhili, Fahim Javed, Haithem Nagati, and Riadh Manita. Related research from the Program on Corporate Governance includes Politics and Gender in the Executive Suite (discussed on the Forum here ) by Alma Cohen, Mosh

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Britishvolt shareholders pitch rival bid to thwart Indonesian takeover

Financial Times M&A

Struggling battery start-up receives £30mn counter-offer to DeaLab proposal

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Financing the net-zero transition: From planning to practice

Mckinsey and Company

Financial institutions will play a leading role in the transition to a net-zero economy. To maximize the opportunity, they must make fundamental changes across portfolios and organizations.

Finance 124
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6 Steps to Becoming Sales and Use Tax Compliant

Machen McChesney

Most U.S. states require businesses to collect and remit sales and use taxes even if the business has no in-state physical presence, only an economic presence within their state. Remote sellers, licensors of software, and other businesses that provide services or deliver their products to customers from a remote location must comply with state and local taxes.

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Do Companies Redact Material Information From Confidential SEC Filings? Evidence From the FAST Act

Harvard Corporate Governance

Posted by Anne Thompson (University of Illinois), Oktay Urcan (University of Illinois), and Hayoung Yoon (Southern Methodist University), on Tuesday, January 10, 2023 Editor's Note: Anne Thompson is an Associate Professor of Accountancy and Oktay Urcan is a Professor of Accountancy at the University of Illinois Gies College of Business. Hayoung Yoon is an Assistant Professor of Accounting at Southern Methodist University Cox School of Business.

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BioNTech buys UK AI start-up InstaDeep in £562mn deal

Financial Times M&A

Covid-19 vaccine maker is looking to use machine learning to help discover new treatments