Sat.Oct 29, 2022 - Fri.Nov 04, 2022

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How Does Board-Shareholder Engagement Really Work?

Reynolds Holding

Board-shareholder engagement plays an important role in corporate governance. In the last decade, investors have increasingly influenced business decisions, and their activities have extended beyond the formal submission of shareholder resolutions for voting at annual meetings. On their part, directors and managers have kept an open channel of communication.

Equity 141
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Lawsuit Against Meta Invokes Modern Portfolio Theory To Protect Diversified Shareholders

Harvard Corporate Governance

Posted by Frederick Alexander, The Shareholder Commons, on Friday, November 4, 2022 Editor's Note: Frederick Alexander is the CEO of the Shareholder Commons. This post is based on the class action filed against the directors of Meta Platforms (formerly Facebook, Inc.), and is part of the Delaware law series ; links to other posts in the series are available here.

Equity 261
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Trending Sources

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Author Talks: What poker pro Annie Duke can teach you about quitting on time

Mckinsey and Company

Ever been told to quit while you’re ahead, or that winners never quit? Poker player-turned decision strategist Annie Duke explains why this advice is costing you time and money.

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Can Elon Musk Make the Math Work on Owning Twitter? It’s Dicey.

NYT M&A

Mr. Musk faces financial challenges in owning Twitter. The site frequently loses money and took on $13 billion in debt for the blockbuster deal.

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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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Twitter trolls bombard platform after Elon Musk takeover

The Guardian M&A

Platform says 300 accounts carried out 50,000-plus tweets in ‘organised effort to make users think firm has changed content policy’ Banned British far-right figures return within hours of takeover Heaven or hellscape – what will Musk’s Twitter look like? Fears raised over disinformation and hate speech Twitter has been hit by a coordinated trolling campaign in the wake of Elon Musk’s takeover, with more than 50,000 tweets from 300 accounts bombarding the platform with hateful content.

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ESG Trends – What the boards of all companies should know about ESG regulatory trends in Europe

Harvard Corporate Governance

Posted by Alain Pietrancosta (University of Paris) and Alexis Marraud des Grottes, Orrick Herrington & Sutcliffe LLP, on Tuesday, November 1, 2022 Editor's Note: Alain Pietrancosta is Professor of Law at the Sorbonne Law School at the University of Paris and Alexis Marraud des Grottes is a partner at the Paris office of Orrick Herrington & Sutcliffe LLP.

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More Trending

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Elon Musk Is Said to Have Ordered Job Cuts Across Twitter

NYT M&A

The billionaire planned to begin layoffs as soon as Saturday, people with knowledge of the matter said.

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META Lesson 1: Corporate Governance

Musings on Markets

As we get deeper into earnings season for the third quarter of 2022, the biggest negative surprises are coming from technology companies, with the tech giants leading the way. Investors, used to a decade of better-than-expected earnings and rising stock prices at these companies, have been blindsided by unexpected bad news in earnings reports, and have knocked down the market capitalization of these companies by hundreds of billions of dollars in the last few weeks.

Start-ups 100
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Stakeholderism Silo Busting

Harvard Corporate Governance

Posted by Aneil Kovvali (Indiana University Maurer School of Law) , on Monday, October 31, 2022 Editor's Note: Aneil Kovvali is an Associate Professor of Law at the Indiana University Maurer School of Law, Bloomington. This post is based on his recent paper , forthcoming in the University of Chicago Law Review. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) and Will Corporations Deliver Value to

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How will US funding for defense technology innovation evolve?

Mckinsey and Company

Companies that focus on defense technology innovation will benefit from a strong understanding of the US Department of Defense budget.

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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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Confusion and Frustration Reign as Elon Musk Cuts Half of Twitter’s Staff

NYT M&A

The layoffs hit across many divisions, including the engineering and machine learning units, the teams that manage content moderation, and the sales and advertising departments.

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Deloitte and AuditBoard Team Up to Help Companies Streamline and Enhance the Quality of ESG Program Management and Reporting

Audit Board

LOS ANGELES, CA — October 31, 2022 — Deloitte & Touche LLP and AuditBoard today announced an extension of their strategic business alliance that will help companies simplify environmental, social, and governance (ESG) reporting, unify their ESG data, streamline evidence collection, and automate ESG activities to enable greater visibility. The alliance extension allows companies to address their ESG initiatives by utilizing AuditBoard’s innovative cloud-based platform for audit, risk, and c

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Statement by Chair Gensler on Final Amendments to Form N-PX

Harvard Corporate Governance

Posted by Gary Gensler, U.S. Securities and Exchange Commission, on Thursday, November 3, 2022 Editor's Note: Gary Gensler is Chair of the U.S. Securities and Exchange Commission. This post is based on his recent public statement. The views expressed in this post are those of Chair Gensler, and do not necessarily reflect those of the Securities and Exchange Commission or the Staff.

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Accelerating capital projects to secure advantages in the net-zero transition

Mckinsey and Company

Ambitious net-zero deadlines require speedy project completion. Here’s how leaders of capital projects can strike a balance between the costs and benefits of accelerating delivery.

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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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Penguin Random House’s Bid to Acquire Simon & Schuster Blocked by Judge

NYT M&A

The government’s case blocked the merger of two of the United States’ largest publishers and reflected a more aggressive approach to curbing consolidation. It was closely watched by the publishing industry.

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Want Better Employee Engagement? START With Your Values!

Rhythm Systems

I know, I know; you've heard it all before! These are the top things to do to retain and attract talent and increase employee engagement in your organization (insert a number of excellent reads here)! I'm sure you've heard this many times and have read at least a few top-tier articles on managing employee engagement.

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Remarks by Commissioner Crenshaw at the Inaugural ECGI Responsible Capitalism Summit

Harvard Corporate Governance

Posted by Caroline A. Crenshaw, U.S. Securities and Exchange Commission, on Tuesday, November 1, 2022 Editor's Note: Caroline A. Crenshaw is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on her recent public statement. The views expressed in the post are those of Commissioner Crenshaw, and do not necessarily reflect those of the Securities and Exchange Commission, the other Commissioners, or the Staff.

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Keeping the semiconductor industry on the path to net zero

Mckinsey and Company

Growing demand for semiconductors means industry emissions are likely to increase. Semiconductor companies are making sustainability commitments, but more is needed to achieve net zero.

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Is Dealmaking Dead? Blackstone Says Not So Fast, Buys Emerson Electric Unit For $14B

Benzinga

Dealmaking may be down, but that hasn't stopped Blackstone Inc. (NYSE: BX ) from inking the largest private-equity buyout in months. What Happened: The firm is close to completing a $14 billion transaction that would see it acquire 55% of Emerson Electric Co. 's (NYSE: EMR ) climate-technologies unit. The deal comes at a time when market volatility has stymied M&A volume.

Finance 98
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Court Blocks Penguin's $2.2B Simon & Schuster Deal

Law 360 M&A

U.S. District Judge Florence Y. Pan issued an order Monday blocking Penguin Random House LLC's planned $2.18 billion purchase of Simon & Schuster after finding the move would likely hurt competition in the market for the rights to anticipated top-selling books.

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A Survey of Private Debt Funds

Harvard Corporate Governance

Posted by Steven N. Kaplan (University of Chicago Booth School of Business), on Wednesday, November 2, 2022 Editor's Note: Steven N. Kaplan is the Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance at the University of Chicago Booth School of Business. This post is based on a recent paper by Professor Kaplan; Joern Block , Professor at the University of Trier; Young Soo Jang, a Ph.D.

Banking 218
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A devilish duality: How CEOs can square resilience with net-zero promises

Mckinsey and Company

Amid turbulence on the path to net zero, leaders will have to be much nimbler to balance resilience with an energy future that is secure, affordable, and clean. Five actions can help.

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Myriad Genetics Q3 Earnings Fall Short Of Expectations, Lowers Annual Outlook

Benzinga

Myriad Genetics Inc (NASDAQ: MYGN ) has acquired Gateway Genomics LLC , a personal genomics company and developer of consumer genetic tests, including the flagship SneakPeek Early Gender DNA Test, for an upfront cash purchase price of $67.5 million. Gateway can earn up to an additional $32.5 million of cash payments in 2023 and 2024 if certain revenue, volume synergy, and EBITDA targets are achieved.

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The Secret Weapon for Accomplishing 100% of Your Annual Plan

Rhythm Systems

Every team is focused on setting their Annual Priorities & Budget for the next year at this time of year. It's an incredible commitment of time, energy, and resources to determine the plan, not to mention what it will take to actually achieve it next year. So how can you be certain that your team is fully aligned and set up in the best way possible to get it all done and hit your numbers?

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Statement by Chair Gensler on Final Rules Regarding Clawbacks of Erroneously Awarded Compensation

Harvard Corporate Governance

Posted by Gary Gensler, U.S. Securities and Exchange Commission, on Sunday, October 30, 2022 Editor's Note: Gary Gensler is Chair of the U.S. Securities and Exchange Commission. This post is based on his recent public statement. The views expressed in this post are those of Chair Gensler, and do not necessarily reflect those of the Securities and Exchange Commission or the Staff.

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The future of mobility: Transforming to be ahead of the opportunity

Mckinsey and Company

As electric mobility gains momentum in India and other countries, it could prompt disruptions and structural shifts in the automotive industry. This report outlines possible strategies for India’s automotive component manufacturers to adapt to these shifts, turning disruptions into an avenue to tap new, emerging value pools.

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After Elon Musk's Twitter Takeover, This Legacy Automaker Pauses Advertising On The Platform

Benzinga

General Motors Corporation (NYSE: GM ) has decided to temporarily halt advertising on Twitter, Inc.’s (NYSE: TWTR ) namesake platform following its acquisition by Elon Musk. The decision was taken to evaluate the new direction the social media platform is taking under the new leadership. “We are engaging with Twitter to understand the direction of the platform under their new ownership,” the Detroit-based legacy automaker said in an e-mailed statement.

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Diddy Buys Cannabis Operations In Deal Worth Up To $185M

Law 360 M&A

From rap mogul to entrepreneur, now Sean "Diddy" Combs will enter the realm of cannabis as he prepares to spend up to $185 million to buy assets in three states from operators Cresco Labs and Columbia Care so the companies can clear the way to complete their merger, according to a Friday announcement.

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Twenty-Year Review of Audit and Non-Audit Fee Trends

Harvard Corporate Governance

Posted by Nicole Hallas, Kayla Coello, and Sarah Keohane, Audit Analytics, Inc., on Wednesday, November 2, 2022 Editor's Note: Nicole Hallas is Manager of Research Analytics, Kayla Coello is a Research Analyst and Sarah Keohane is a Data Analyst at Audit Analytics. This post is based on an Audit Analytics memorandum by Ms. Hallas, Ms. Coello, Ms. Keohane, and Ms.

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Author Talks: How to learn and lead calmly through volatile times

Mckinsey and Company

Three McKinsey veterans condense decades of boardroom experience and cognitive science into a guide for learning proactively and leading dynamically amid the most uncertain circumstances.

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Washington State AG Seeks To Block Albertsons' $4B Dividend Payout

Benzinga

Albertsons Companies Inc (NYSE: ACI ) had a lawsuit filed against it by Washington State Attorney General Bob Ferguson to stop the grocery chain from paying shareholder dividends. Albertsons had sought to pay $4 billion in dividends to its shareholders before the closing of its proposed merger with supermarket operator Kroger Co (NYSE: Full story available on Benzinga.com.

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Fall 2022 Legal Industry News Highlights: Law Firm Hiring and Expansion, Notable Awards and Recognition, and the Latest in Diversity, Equity, and Inclusion

National Law Review M&A

Chandler Ford Crissonna Tennison Shelby Garrett Jurisdiction: All Federal Type of Law: Law Office Management Labor & Employment Mergers & Acquisitions Special highlight:

Equity 96
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2022 ISS Global Benchmark Policy Survey

Harvard Corporate Governance

Posted by Subodh Mishra and Georgina Marshall, Institutional Shareholder Services, Inc. , on Wednesday, November 2, 2022 Editor's Note: Subodh Mishra is Global Head of Communications and Georgina Marshall is Global Head of Research at Institutional Shareholder Services, Inc. This post is based on an ISS Corporate Solutions publication by Kathy Belyeu, Michael Ellis, Hailey Knowles, and Renata Schmitt Silva.

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Stepping up: What COOs will need to succeed in 2023 and beyond

Mckinsey and Company

COOs are increasingly important to corporations, but what skills will they need to perform at their best? Business leaders weigh in.

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