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

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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.

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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

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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 145
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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.

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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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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

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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.

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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

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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.

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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

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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.

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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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Bernard Arnault partners Red Bull to buy Paris FC in latest move into sport

Financial Times M&A

Alliance with soft-drink maker comes a week after LVMH clinched a 10-year deal with Formula One

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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

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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.

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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.

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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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Seven & i shares jump after Couche-Tard signals willingness to pay 20% more

Financial Times M&A

Canadian company’s non-binding $47bn offer to owner of 7-Eleven chain comes after initial approach was rejected

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World’s Best Banks 2024: Global Winners

Global Finance

Global Finance presents its 31st annual list of best banks worldwide. Banks face an uphill battle as supply chains remain disrupted, regional conflicts continue to build, and the fear of bank failure returns. Despite this, select financial institutions have threaded the needle and delivered stellar performances to their clients and shareholders over the past year.

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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.

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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.

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New York Sun owner Efune closes in on £550mn deal for UK’s Telegraph

Financial Times M&A

Offer could end 16-month battle to control the conservative British national newspaper

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Tupperware, Avon Lose Out To New Marketing Maestros

Global Finance

The recent bankruptcy declarations by Tupperware and Avon Products (API) demonstrate the weakness of a direct-seller model. Tupperware, the plastic containers maker, filed for bankruptcy in September. That came just one month after API, the US-based nonoperational holding company of Avon beauty brands, filed to restructure its debt due to previous and ongoing litigation regarding talc contamination in its products.

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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.

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What are sustainable fuels?

Mckinsey and Company

Sustainable fuels are made from renewable materials instead of from fossil fuels. They include biofuels made from organic matter, so-called green gasoline, and hydrogen-based fuels.

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Private equity groups’ assets struggling under hefty debt loads, Moody’s says

Financial Times M&A

Holdings of Platinum Equity and Clearlake Capital are at heightened risk of default, rating agency says

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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

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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.

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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.

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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.

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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 ).

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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.

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Keeping artificial intelligence real

Mckinsey and Company

Generative AI represents a sociotechnical revolution with massive implications for every aspect of our lives. Keeping humans in the loop is critical for its responsible development.

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Business Continuity Planning (BCP) Q&A: Your Questions Answered

N Contracts

A well-built business continuity plan (BCP) is critical for financial institutions. In this Q&A, we answer questions received during our Ultimate Business Continuity Q&A webinar. Read on as we address common questions on business continuity management, including regulatory expectations, best practices for testing, vendor resilience, and more to help you strengthen your BCP and ensure operational resilience.

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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

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Key Updates to the DOJs Evaluation of Corporate Compliance Programs

Harvard Corporate Governance

Posted by Andrew M. Good, Avia M. Dunn, and Zaneta Wykowska, Skadden, Arps, Slate, Meagher & Flom LLP, on Monday, October 7, 2024 Editor's Note: Andrew M. Good and Avia M. Dunn are Partners, and Zaneta Wykowska is an Associate at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden memorandum by Mr. Good, Ms. Dunn, Ms. Wykowska, Ryan D.

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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.

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