Sat.Oct 05, 2024 - Fri.Oct 11, 2024

article thumbnail

Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by Scott

Appraisers Blog

The AMC was almost laughing about a rush order that was cancelled just before I was at the door and was going to stiff me. I called the lender and they had collected a deposit and they said no one should have to work for free.

article thumbnail

Sustainability and ESG: Where Are We Now?

Harvard Corporate Governance

Posted by Leah Malone and Emily Holland, Simpson Thacher & Bartlett LLP, on Sunday, October 6, 2024 Editor's Note: Leah Malone is a Partner and Emily Holland is a Counsel at Simpson Thacher & Bartlett LLP. This post is based on a Simpson memorandum by Ms. Malone, Ms. Holland, Alexis Capati , Tenzin Dolkar , and Chayla Sherrod. As we near the final quarter of 2024, in a year with global temperatures looking to break new records (again), achievement of various 2025 or 2030 targets set by

Equity 246
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What's Happening With AGBA Stock?

Benzinga

AGBA Group Holding Limited (NASDAQ: AGBA ) shares are trading higher Friday after the company announced that all steps have been finalized to move towards the completion of its merger with Triller Corp. The Details: The merger is expected to take place on Oct.14, subject to final Nasdaq approval, and will include a 4-to-1 reverse stock split of Agba shares.

137
137
article thumbnail

The state of retail banking: Profitability and growth in the era of digital and AI

Mckinsey and Company

As the global macroeconomic environment remains uncertain, retail banks should focus on the fundamentals of customer primacy and margin protection while embracing digital technologies and gen AI.

Banking 117
article thumbnail

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.

article thumbnail

Africa’s Chinese Trade Tie-Up

Global Finance

China continues to dominate trade with the continent. But overlending—and US initiatives to extend its security and investment footprint—are challenging its position. China solidified its position as Africa’s largest bilateral trading partner last year, as trade with the continent reached a record $282.1 billion, up 1.5% from 2022. But a 7.5% surge in Chinese exports, to $173 billion, was not matched by imports from Africa, which fell by 6.7% to $109 billion, widening Africa’s trade deficit wit

Banking 117
article thumbnail

Technology Leadership in the Boardroom: Driving Trust and Value

Harvard Corporate Governance

Posted by David Kenny and Nora Denzel, NACD, on Tuesday, October 8, 2024 Editor's Note: David Kenny is an Executive Chairman at Nielsen, and Nora Denzel is a Lead Independent Director at AMD and Board Member at NACD. This post is based on a report of the NACD Blue Ribbon Commission. Each year, NACD leverages the perspectives and experience of its members and appoints a Blue Ribbon Commission, an experienced collective of directors, investors, subject-matter experts, and leading governance profes

More Trending

article thumbnail

Managing carbon: A new role for the CFO

Mckinsey and Company

Better carbon management can be a competitive advantage. Here’s how CFOs across industries and markets can move beyond “check the box” compliance and enable strategy-driven, carbon-based decision making.

article thumbnail

Bhutan: The Happiness Economy

Global Finance

Bhutan is banking on a unique mix of abundant energy, a clean environment, and wellness entrepreneurism to lure foreign investors. A constitutional monarchy of 800,000 people, Bhutan is nestled in a region that’s home to nearly 3 billion. Bordered by China to the north and India to the east, west and south, the Himalayan nation installed a new government in January under Prime Minister Tshering Tobgay, who returned to office after an earlier five-year stint that ended in 2018.

Banking 119
article thumbnail

Climate Shareholder Proposals: A More Sophisticated Discourse

Harvard Corporate Governance

Posted by Subodh Mishra, ISS STOXX, on Thursday, October 10, 2024 Editor's Note: Subodh Mishra is Global Head of Communications at ISS STOXX. This post is based on an ISS-Corporate memorandum by Kosmas Papadopoulos, Head of Sustainability Advisory-Americas, at ISS-Corporate. Shareholder proposals offer a glimpse into investor and market sentiment on key corporate governance issues, including how companies are managing environmental and social impacts, risks, and opportunities.

article thumbnail

Major Tesla Supplier Arcadium Lithium Jumps Over 30% In Pre-Market After Rio Tinto Agrees To Buy Company For $6.7B

Benzinga

Rio Tinto PLC ADR (NYSE: RIO ) has announced a definitive agreement to acquire Arcadium Lithium plc (NYSE: ALTM ) in an all-cash deal valued at $6.7 billion. What Happened : As per the press release on Wednesday, the acquisition price of $5.85 per share represents a 90% premium over Arcadium’s closing price on Oct. 4. According to Benzinga Pro , at the time of writing, Arcadium was up by 29.48% in pre-market since its Tuesday close while Rio was trading 1.16% lower than its previous day

article thumbnail

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

article thumbnail

Creating a how-to guide for climate tech start-ups and scale-ups

Mckinsey and Company

How can a climate tech company get funding—and scale up—quickly? The Climate Brick, an open-source manual for entrepreneurs and investors, aims to provide some answers.

Start-ups 114
article thumbnail

Data-Driven Policy Decisions: Q&A With Philippines Central Bank Governor Eli Remolona

Global Finance

Global Finance magazine interviewed Philippines Central Bank Governor Eli Remolona, who earned an “A–” grade in the magazine’s 2024 Central Banker Report Cards. Remolona talks about the country’s early decision on cutting rates, its credit growth, and its pursuit of sustainable economic development. Global Finance : What is the Philippines economic growth outlook for 2024-25?

Banking 111
article thumbnail

2024 Top 250 Annual Incentive Plan Report

Harvard Corporate Governance

Posted by Jose Furman, FW Cook, on Saturday, October 5, 2024 Editor's Note: Jose Furman is a Consultant at FW Cook. This post is based on an FW Cook memorandum by Mr. Furman, Ian Kim , and Michael Kenney. EXECUTIVE SUMMARY Our 2024 Annual Incentive Plan Report provides a comprehensive review of the annual incentive plans of the top 250 largest companies in the S&P 500 by market capitalization.

article thumbnail

Rio Tinto Confirms Interest In Arcadium Lithium, Shares Surge

Benzinga

On Monday, Rio Tinto (NYSE: RIO ) confirmed that it is in non-binding talks to acquire Arcadium Lithium (NYSE: ALTM ), a major lithium miner formed from the merger of Livent and Allkem. Both companies clarified that the discussions are preliminary, and there is no certainty that a transaction will proceed. If the acquisition goes through, Rio Tinto would become one of the largest lithium producers globally, behind industry leaders like Albemarle Corp (NYSE: ALB ) and SQM (NYSE: SQM ).

article thumbnail

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.

article thumbnail

How to embrace the CEO role: An interview with Daniel Vasella

Mckinsey and Company

The top job can be hard. But as the former Novartis CEO explains, leaders can take pleasure in competing—while honing the personal qualities needed to succeed in the role and rally an organization.

114
114
article thumbnail

Microsoft Taps Nuclear Power To Fuel Growing AI Demand

Global Finance

Microsoft is giving nuclear plant Three Mile Island a second chance to produce electricity. Until now, Three Mile Island was known for its partial nuclear meltdown in 1979, but years later, nuclear power is perceived differently. It is seen as producing clean energy because it doesn’t emit greenhouse gases, and demand is high from tech giants eager to feed their data centers, such as Microsoft, Google, Meta Platforms and Amazon Web Services.

Finance 105
article thumbnail

2024 proxy season recap: Disclosures catch up with investor expectations

Harvard Corporate Governance

Posted by Ray Garcia, Paul DeNicola, and Matt DiGuiseppe, PricewaterhouseCoopers LLP, on Monday, October 7, 2024 Editor's Note: Ray Garcia is a Leader, Paul DeNicola is a Principal , and Matt DiGuiseppe is a Managing Director at PricewaterhouseCoopers LLP. This post is based on their PwC memorandum. Proxy season at a glance Just 26 companies in the Russell 3000 stock index failed to gain majority support for their compensation plans.

article thumbnail

Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by Flash

Appraisers Blog

In reply to Scott. Good for you. I have had assignments canceled after 1 day of inspection by an amc yet I was paid in full immediately for the assignments. Or else I would put a Mechanics Lien on the property with the county and stop the loan until I was paid in full plus costs of adding and removal costs of the lien. As an independent contractor appraiser, you have every right to add a Mechanic Lien when people play games with an appraiser and their time.

article thumbnail

The McKinsey Crossword: Equal Opportunity | No. 201

Mckinsey and Company

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

105
105
article thumbnail

Standard Chartered Utilizes AI-Based Talent Marketplace

Global Finance

Standard Chartered is using an artificial intelligence-based Talent Marketplace, developed by New York-headquartered Gloat, to match employees’ skills with project-specific internal gigs. Using a “skills passport,” employees can apply for projects, enhancing their skills and unlocking opportunities to participate in more internal roles. Following an initial 12,000-person pilot in India, which resulted in the biggest increase of year-on-year career satisfaction, it has been used by 39,000 employe

Start-ups 105
article thumbnail

Investor Choice

Harvard Corporate Governance

Posted by John Galloway, Vanguard, Inc., on Wednesday, October 9, 2024 Editor's Note: John Galloway is Global Head of Investment Stewardship at Vanguard, Inc. This post is based on a Vanguard Investment Stewardship memorandum. First announced in November 2022, Vanguard’s Investor Choice pilot program has enabled individual investors to express their perspective on shareholder matters at the companies held in their equity index funds.

Equity 141
article thumbnail

Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by Pray Hard

Appraisers Blog

How did it get to “everything is about the appraiser”, “everything is the appraiser’s responsibility”, “why are you calling us”? I ask the AMC if a month old bid is still active? Just had a three or four week old bid cancelled12 hours prior to inspection appt. Appointment changed three times by borrower. “Was it your idea change the inspection time Mr.

article thumbnail

BREAKING: Marriott Inks $52M Deal With States Over Guest Data Breach

Law 360 M&A

Marriott International Inc. has agreed to pay $52 million to nearly every U.S. state and bolster its data security practices to resolve parallel investigations by state attorneys general and the Federal Trade Commission over a massive data breach at the hotel's Starwood-branded properties.

97
article thumbnail

OpenAI Faces Competition From France, Japan

Global Finance

OpenAI continues to attract tons of venture capital, its accumulated take reportedly hovering at $6.5 billion most recently. And a valuation that now exceeds $150 billion might appear to give the Microsoft and Softbank-backed startup an insurmountable advantage in the generative artificial intelligence (GenAI) space. But emerging players like Paris-based Mistral AI and Tokyo-based Sakana AI are gaining ground, says entrepreneur Ilya Kulyatin, who founded Tokyo AI, a community of over 1,000 AI pr

article thumbnail

De-risking Litigation Exposure: Conflict Management as an Integral Part of Business Administration

Harvard Corporate Governance

Posted by Leonor Díaz-Córdova, FTI Consulting, on Friday, October 11, 2024 Editor's Note: Leonor Díaz-Córdova is a Managing Director at FTI Consulting and Adjunct Professor at IE University. This post is based on her FTI Consulting memorandum. In today’s interconnected global economy, multinational corporations are increasingly exposed to a wide array of litigation risks.

120
120
article thumbnail

Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by Flash

Appraisers Blog

In reply to Frustrated Appraiser. The National Lien and Bond Company has a two minute online help page for all 50 States. There is either a Notice of Intent to file a lien or Notice of a filed lien. Hopefully this will help readers to understand which state and the process of defending your work if needed. It’s really an easy process and strikes fear in a management company, lender or escrow company should the appraiser lock up a loan process due to an unpaid appraisal.

article thumbnail

The power of digital: Quantifying semiconductor fab performance

Mckinsey and Company

Semiconductor fabs can optimize fab performance via transparent advanced analytics, chasing perfection one byte at a time.

116
116
article thumbnail

Kenya: High Court Quashes Privatization Law

Global Finance

Kenya’s President William Ruto has been adamant about the need to boost the productivity of state-owned enterprises (SOEs) that he says are “trapped in bureaucracy.” Last year, his government hurriedly pushed through a vastly criticized privatization law aimed at sidestepping Parliament in the sale of at least 35 entities. Now, a High Court decision declaring the 2023 Privatization Act unconstitutional has stopped the sales.

Finance 105
article thumbnail

A Diverse View on Board Diversity

Harvard Corporate Governance

Posted by Vyacheslav Fos (Boston College), Wei Jiang (Emory University), and Huasheng Nie (UCLA), on Tuesday, October 8, 2024 Editor's Note: Vyacheslav Fos is a Professor of Finance at Boston College Carroll School of Management, Wei Jiang is the Asa Griggs Candler Professor of Finance at Emory University’s Goizueta Business School, and Huasheng Nie is a PhD candidate in Finance at UCLA Anderson School of Management.

Finance 129
article thumbnail

Exempt organizations matters on 2024-2025 Priority Guidance Plan

LaPorte

(authored by RSM US LLP) The 2024-2025 Priority Guidance Plan identifies projects that the Treasury Department and IRS intend to prioritize during the July 1, 2024, through June 30, 2025, plan year, including items affecting exempt organizations. The post Exempt organizations matters on 2024-2025 Priority Guidance Plan first appeared on LaPorte.

article thumbnail

Eyes on the Income Statement

Machen McChesney

When reviewing their income statements, business owners tend to focus on profits (or losses). But focusing solely on the bottom line can lead to mismanagement and missed opportunities. Instead, you should analyze this financial report from top to bottom for deeper insights.

86
article thumbnail

Mauritius At A Crossroads

Global Finance

The winning party in November’s election will need to navigate growing social turmoil as the island nation seeks to become a global financial center. Elections in Africa are often contentious and disruptive to the socioeconomic order. Mauritius has evaded this rocky path and remains a beacon of democracy, hoping to maintain that pattern ahead of general elections on November 30.

Banking 101
article thumbnail

Chevron in talks to sell Texas gas assets to Tokyo Gas for up to $1bn

Financial Times M&A

A deal would bolster Japanese group’s drive to secure supplies for its home country, which relies on fossil fuel imports for energy

109
109
article thumbnail

FinCEN announces four extensions

LaPorte

The Financial Crimes Enforcement Network (FinCEN) has announced the issuance of four notices extending the deadline for filing Reports of Foreign Bank and Financial Accounts… The post FinCEN announces four extensions first appeared on LaPorte.

Banking 93