Sat.Dec 17, 2022 - Fri.Dec 23, 2022

article thumbnail

Proxy Advisors Update Voting Guidelines for 2023

Harvard Corporate Governance

Posted by David A. Bell, Dean Kristy, and Julia Forbess, Fenwick & West LLP, on Thursday, December 22, 2022 Editor's Note: David A. Bell , Dean Kristy , and Julia Forbess are Partners at Fenwick & West LLP. This post is based on a Fenwick memorandum by Mr. Bell, Mr. Kristy, Ms. Forbess, Ryan Mitteness , and Ron C. Llewellyn. Institutional Shareholder Services (ISS) and Glass Lewis, the leading proxy advisors in the United States, have announced updates and clarifications for their votin

255
255
article thumbnail

Generative AI is here: How tools like ChatGPT could change your business

Mckinsey and Company

Generative AI and other foundation models are changing the AI game, taking assistive technology to a new level, reducing application development time, and bringing powerful capabilities to nontechnical users.

Insiders

Sign Up for our Newsletter

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

article thumbnail

When to Sell Your Business: 4 Key Predictors

Viking Mergers

Timing is critical when planning an exit strategy, and business owners must consider several factors. In our 26+ years of assisting business owners in their exit planning, “when is the right time to sell?” is a question we hear all the time. But from an owner’s standpoint, this could be tricky to predict. Is it when you are near retirement age? Or is it when you have found a good person to step into your shoes?

Finance 130
article thumbnail

Can Corporate ESG Reports Clear Up ESG Ratings Confusion?

Reynolds Holding

Investors are increasingly incorporating assessments of companies’ performance on environmental, social, and governance (ESG) issues in their portfolio decisions. The global assets under management of the signatories to the United Nations Principles for Responsible Investment (PRI) have grown from about $20 trillion in 2010 to about $121 trillion in 2021. [1].

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

New DOL Guidance on ESG and Proxy Voting

Harvard Corporate Governance

Posted by Michael Albano, and Elizabeth Dyer, Cleary Gottlieb Steen & Hamilton LLP, on Thursday, December 22, 2022 Editor's Note: Michael Albano and Elizabeth Dyer are partners at Cleary Gottlieb Steen & Hamilton LLP. This post is based on their Cleary memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

242
242
article thumbnail

The future of banks: A $20 trillion breakup opportunity

Mckinsey and Company

Banking is radically transforming. Many banks can thrive by fundamentally changing the way that financial services are embedded into daily life.

Banking 145

More Trending

article thumbnail

Mark Zuckerberg Testifies About Meta’s Virtual Reality Ambitions

NYT M&A

Meta’s chief executive made a rare court appearance as the Federal Trade Commission tries to block his company’s purchase of the virtual reality start-up Within.

Start-ups 108
article thumbnail

ISS Issues Benchmark Policy Updates for 2023

Harvard Corporate Governance

Posted by Cydney S. Posner, Cooley LLP, on Friday, December 23, 2022 Editor's Note: Cydney S. Posner is special counsel at Cooley LLP. This post is based on her Cooley memorandum. At the end of last week, ISS announced its benchmark policy updates for 2023. The policy changes will apply to shareholder meetings held on or after February 1, 2023, except for those with one-year transition periods.

Equity 231
article thumbnail

What is 5G?

Mckinsey and Company

5G is the fifth generation of wireless technology. Its increased speed, lower latency, and improved reliability stand to revolutionize a wide variety of industries.

article thumbnail

A Return to Teaching: The Spring 2023 Edition

Musings on Markets

If, as you read this post, it feels like you have read it or a close variant before, it is because you have. Each year, ahead of teaching my classes at NYU's Stern School of Business in the spring, I invite readers to accompany me on my journey, and this year is no different. Starting in late January 2023, I will be back in the classroom, teaching valuation and corporate finance to the MBAs and valuation to the undergraduates, and these classes will continue through May 2023.

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

EY cuts costs to boost profits ahead of planned spin-off

Financial Times M&A

Big Four firm explores whether to force partners to reinvest their cash windfalls following the break-up

98
article thumbnail

Exculpation of Personal Liability Expanded to Include Certain Corporate Officers

Harvard Corporate Governance

Posted by Richard J. Grossman, Allison L. Land and Marc S. Gerber, Skadden, Arps, Slate, Meagher & Flom LLP, on Tuesday, December 20, 2022 Editor's Note: Richard J. Grossman , Allison L. Land , and Marc S. Gerber are partners at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden memorandum by Mr. Grossman, Ms. Land, Mr.

231
231
article thumbnail

The secret to great health? Escaping the healthcare matrix

Mckinsey and Company

The blueprint to achieve a lifetime of great health is increasingly clear and within our control. But unlocking it requires challenging the orthodoxies currently guiding individuals and institutions.

135
135
article thumbnail

Tesla, Mission Produce And 3 Stocks To Watch Heading Into Friday

Benzinga

With US stock futures trading mixed this morning on Friday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Eve Holding, Inc. (NYSE: EVEX ) to report a quarterly loss at $0.08 per share before the opening bell. Eve Holding shares gained 3.1% to $7.65 in after-hours trading. Seadrill Limited (NYSE: SDRL ) reported an agreement to acquire.

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

What Do All Those Employee Benefits Acronyms Stand For? (Part 3 of 3)

ThomsonReuters

QUESTION: Everybody in the employee benefits field uses acronyms like ALE, MLR, and ACA. What do these and other employee benefits acronyms stand for? ANSWER: Here’s an explanatory list of common acronyms primarily used in our Health Care Reform manual. (Last week’s Checkpoint Question of the Week included acronyms primarily used in our COBRA, HIPAA, and Group Health Plan Mandates manuals, and the Checkpoint Question of the Week from the week before included acronyms from the ERISA Complia

article thumbnail

Weekly Roundup: December 16-22, 2022

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, December 23, 2022 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of December 16-22, 2022. Corporate Governance Evolves Amid Increasing Sustainability Awareness. Posted by Subodh Mishra, Institutional Shareholder Services, Inc., on Friday, December 16, 2022.

article thumbnail

What US tech talent expects from remote work

Mckinsey and Company

For today’s tech talent, there’s no one-size-fits-all work environment.

article thumbnail

Michael Rubin & SBF’s Bahamas bromance

Financial Times M&A

Plus, the FT digs into Adidas’ internal issues

98
article thumbnail

The Top Internal Audit Articles of 2022

Internal Audit 360

I n many ways, 2022 was a year of instability. Many individuals and organizations spent the year trying to put the pandemic, which had dominated every aspect of life in 2020 and 2021, behind them, even while still dealing with its lasting effects. Yet, the dark days that COVID-19 brought failed to recede. The face coverings, testing, and closed offices gave way to Inflation, economic upheaval, and political discord.

article thumbnail

Audit committee effectiveness: practical tips for the chair

Harvard Corporate Governance

Posted by Maria Castañón Moats, Stephen G. Parker, Tracey-Lee Brown, PricewaterhouseCoopers LLP, on Wednesday, December 21, 2022 Editor's Note: Maria Castañón Moats is a Leader; Stephen Parker is a Partner; and Tracey-Lee Brown is a Director at the Governance Insights Center, PricewaterhouseCoopers LLP. This post is based on their PwC memorandum. Today’s boards are increasingly being asked to up their game—by regulators, investors, and proxy advisors.

226
226
article thumbnail

Business building: The path to resilience in uncertain times

Mckinsey and Company

In an uncertain economy, executives’ first instinct might be to cut costs and shore up established holdings. A better way is to build new businesses.

131
131
article thumbnail

Porsche and the decline of the German stock market

Financial Times M&A

Carmaker’s €75bn IPO was rare hurrah for Frankfurt exchange short on dynamism and innovation

article thumbnail

Amazing Tours at Assets 2023 Conference in Beautiful Houston Texas

ISA

12/21/2022 12:00:00 AM. In Houston, you can find great cultural destinations and engaging arts events happening all over the city. Join us on one of the three specialty tours scheduled on Friday, March 17th. (Space is limited so submit your conference registration early!). Fine Art Tour. The Fine Art tour will visit three of Houston’s most prestigious fine arts institutions, which includes an exclusive opportunity at a private fine arts institution.

article thumbnail

What Do Outside CEOs Really Do? Evidence from Plant-Level Data

Harvard Corporate Governance

Posted by John Bai (Northeastern University), Anya Mkrtchyan (UMass Amherst), on Tuesday, December 20, 2022 Editor's Note: John Bai is an Associate Professor at D’Amore-McKim School of Business, Northeastern University; and Anya Mkrtchyan is an Associate Professor at Isenberg School of Management, University of Massachusetts–Amherst. This post is based on their article forthcoming in the Journal of Financial Economics.

219
219
article thumbnail

Author Talks: A toolbox for social change

Mckinsey and Company

Cofounder of Candid and former GuideStar CEO Jacob Harold details the tools—from design thinking to game theory—that organizations can use to optimize their social-impact work.

125
125
article thumbnail

PCAOB proposes new audit confirmation standard

Accountancy Today

The Public Company Accounting Oversight Board (PCAOB) has proposed a new standard for auditors use of confirmation which is aimed at modernising the process. The proposed standard includes principles-based requirements that would apply to all methods of confirmation, including paper-based and electronic communications. If accepted, the proposal would better integrate the confirmation standard with the PCAOB’s risk assessment standards.

article thumbnail

NBA’s Phoenix Suns nears record $4bn sale

Financial Times M&A

Mortgage billionaire Mat Ishbia and brother Justin set to purchase Suns and WNBA’s Mercury from Robert Sarver

98
article thumbnail

Good Corporate Citizenship We Can All Get Behind?: Toward A Principled, Non-Ideological Approach To Making Money The Right Way

Harvard Corporate Governance

Posted by Leo E. Strine, Jr. (University of Pennsylvania), on Wednesday, December 21, 2022 Editor's Note: Leo E. Strine, Jr. is the Michael L. Wachter Distinguished Fellow at the University of Pennsylvania Carey Law School; Senior Fellow, Harvard Program on Corporate Governance; Of Counsel, Wachtell, Lipton, Rosen & Katz; and former Chief Justice and Chancellor, the State of Delaware.

218
218
article thumbnail

Data and analytics innovations to address emerging challenges in credit portfolio management

Mckinsey and Company

Results from a new survey by McKinsey and IACPM reveal challenges and opportunities in new data techniques for credit portfolio management.

122
122
article thumbnail

Binance Acquires Indonesia-Based Crypto Exchange Tokocrypto

Benzinga

In an apparent bid to expand its footprint across Asia, cryptocurrency exchange Binance (CRYPTO: BNB ) has completed the acquisition of the Indonesian exchange Tokocrypto. Following the resignation of Pang Xue Kai , the exchange's co-founder, Binance revealed that it had acquired a controlling stake in Tokocrypto and that it had appointed a new CEO.

article thumbnail

Mat Ishbia to Acquire Phoenix Suns and Mercury For $4 Billion

NYT M&A

Ishbia, the chief executive of United Wholesale Mortgage, would replace Robert Sarver as the majority owner. Sarver was pushed to sell amid a misconduct scandal.

article thumbnail

Overseeing internal investigations

Harvard Corporate Governance

Posted by Maria Castañón Moats, Kristin Rivera, and Stephen G. Parker, PricewaterhouseCoopers LLP, on Thursday, December 22, 2022 Editor's Note: Maria Moats is a Leader and Stephen Parker is a Partner at the Governance Insights Center, PricewaterhouseCoopers LLP. Kristin Rivera is a Partner and the Global Forensics Leader at PricewaterhouseCoopers LLP.

205
205
article thumbnail

How Lego plays with data: An interview with chief data officer Orlando Machado

Mckinsey and Company

The iconic toymaker is unlocking the value from data to help rethink processes, surface new opportunities, excite consumers, and empower internal colleagues.

122
122
article thumbnail

Video Gamers Prosecuted Microsoft Over Activision Deal Citing Antitrust Elements

Benzinga

A private consumer lawsuit alleged Microsoft Corp (NASDAQ: MSFT ) - Activision Blizzard, Inc (NASDAQ: ATVI ) deal of unlawfully stifling competition in the video game industry. The California federal court lawsuit followed the U.S. Federal Trade Commission suit seeking to stop Microsoft, owner of the Xbox console, from completing the largest-ever acquisition in the video-gaming market, Reuters Full story available on Benzinga.com.