Sat.Sep 10, 2022 - Fri.Sep 16, 2022

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Business Valuations for Estate Planning, Wealth Transfer, and IRS Gifting

Chris Curtain

Plan for Your Business Future Starting with a Certified Business Appraisal Estate Planning Starts with Knowing Your Company’s Value If you are a business owner, you have likely considered obtaining a business appraisal of your enterprise. A business appraisal, or business valuation, reflects the current economic value of a business. Such valuations are often conducted […].

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2022 Proxy Season Review: Say-on-Pay and Equity Compensation Plan Voting

Harvard Corporate Governance

Posted by Jeannette Bander, Heather Coleman, and Marc Treviño, Sullivan & Cromwell LLP, on Monday, September 12, 2022 Editor's Note: Jeannette Bander , Heather Coleman , and Marc Treviño are partners at Sullivan & Cromwell LLP. This post is based on a Sullivan & Cromwell memorandum by Ms. Bander, Ms. Coleman, Mr. Treviño, June Hu , Brittney Kidwell, and Rebecca Rabinowitz.

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Patagonia Founder Gives Away the Company to Fight Climate Change

NYT M&A

Yvon Chouinard has forfeited ownership of the company he founded 49 years ago. The profits will now be used to fight climate change.

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Connected revolution: The future of US auto insurance

Mckinsey and Company

Autonomous mobility has the potential to dramatically transform the automotive insurance market, from underwriting to claims and beyond.

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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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IVSC welcomes new Asia Director

IVSC

The IVSC is delighted to announce the appointment of Nicolas Konialidis as its new Asia Director, based in Singapore. Nicholas brings three decades of capital markets, corporate finance and valuation experience and will lead the IVSC’s growth across the region, with a focus on business valuation and intangibles. In his new role, Nicolas will also undertake market outreach and engagement with IVSC member and sponsor organisations, as well governments and regulatory entities, as IVS becomes

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Indemnity and Insurance: How Directors and Officers Can Enhance Their Protections

Harvard Corporate Governance

Posted by Jacquelyn Burke and Rachel Katz, Cooley LLP, on Thursday, September 15, 2022 Editor's Note: Jacquelyn Burke is special counsel and Rachel Katz is an associate at Cooley LLP. This post is based on their Cooley memorandum. Whether they are new executive leaders or longtime members of a corporate board, directors and officers should be considering two prongs of protection—a robust insurance program and a tailored indemnification agreement.

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Airline retailing: How payment innovation can improve the bottom line

Mckinsey and Company

Airline retailing could be worth $40 billion by 2030—a new report gives insight on how airlines can maximize this opportunity.

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Ncontracts Appoints Melissa Outlaw to Chief Customer Officer

N Contracts

Regtech leader continues to expand leadership team with latest promotion.

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NYSE’s Proposed Relaxed Pricing Limits for Primary Direct Listings

Harvard Corporate Governance

Posted by Pamela Marcogliese, Taryn Zucker, and Lauren Lee, Freshfields Bruckhaus Deringer LLP, on Sunday, September 11, 2022 Editor's Note: Pamela Marcogliese is partner, Taryn Zucker is counsel, and Lauren Lee is an associate at Freshfields Bruckhaus Deringer LLP. This post is based on their Freshfields memorandum. On December 22, 2020, the U.S. Securities and Exchange Commission (“SEC”) approved the New York Stock Exchange’s (“NYSE”) rule proposal that fundamentally changed the structure of d

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Adobe to buy design company Figma for $20bn

Financial Times M&A

Deal is part of software giant’s plan to bolster its creative tools offering

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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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Capturing the climate opportunity in insurance

Mckinsey and Company

The world’s transition to net-zero emissions will cost trillions of dollars and present new kinds of risks. Here’s the role insurers can play.

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Are Your Risk-Management Practices Keeping Up With the Times

Machen McChesney

Risks abound in today’s uncertain marketplace. Nearly two-thirds of senior finance leaders said that the volume and complexity of corporate risks have changed “mostly” or “extensively” in the past five years, according to a new report published by the American Institute of Certified Public Accountants (AICPA) and North Carolina State University.

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Glass Lewis Comment Letter to the SEC on Enhanced Disclosure of ESG Issues

Harvard Corporate Governance

Posted by Nichol Garzon-Mitchell, Glass, Lewis & Co., on Monday, September 12, 2022 Editor's Note: Nichol Garzon-Mitchell is Chief Legal Officer and Senior Vice President of Corporate Development at Glass, Lewis & Co. This post is based on a comment letter submitted by Glass Lewis to the U.S. Securities and Exchange Commission regarding the Proposed SEC Climate Disclosure Rule.

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Investors on edge before $15bn debt sale to fund Citrix buyout

Financial Times M&A

Low demand for bonds and loans is Wall Street ‘canary’ as inflation risks rock capital markets

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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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The green IT revolution: A blueprint for CIOs to combat climate change

Mckinsey and Company

Research shows that the most impact on IT-generated emissions can be found in unexpected places.

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From Education To Electric Vehicle - What's On The Cards For China Liberal Education's Like For EV Brand Aiways

Benzinga

China Liberal Education Holdings Ltd (NASDAQ: CLEU ) has entered into a non-binding letter of intent (LOI) to acquire all the outstanding equity interest in the new electric vehicle brand Aiways Holdings Limited. China Liberal Education is a China-based company that provides. Full story available on Benzinga.com.

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Deregulation and Board Policies: Evidence from Performance Measures Used in Bank CEO Turnover Decisions

Harvard Corporate Governance

Posted by Rachel Hayes (University of Utah), Xiaoli Tian (Georgetown University), and Xue Wang (The Ohio State University), on Wednesday, September 14, 2022 Editor's Note: Rachel Hayes is Professor of Accounting at the University of Utah David Eccles School of Business; Xiaoli Tian is Associate Professor of Accounting at Georgetown University McDonough School of Business; and Xue Wang is Associate Professor of Accounting at The Ohio State University Fisher College of Business.

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Fosun: sell the trophy assets first

Financial Times M&A

Data suggest the highly indebted Chinese conglomerate is in a bad place

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How Europe’s CPG leaders can navigate inflation

Mckinsey and Company

With inflation persisting, consumer-packaged-goods manufacturers can’t rely on the strategies that got them through the past two years. It’s time for a reset.

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Elon Musk's Tesla And SpaceX Emails Can't Be Accessed Without His Consent, Judge Rules In Twitter-Deal Case

Benzinga

Judge Kathaleen McCormick of the Delaware Chancery Court on Tuesday denied Twitter Inc. ’s (NYSE: TWTR ) request to turn in Elon Musk’s personal emails as evidence in their ongoing litigation that would come up for hearing on Oct. 17. What Happened: Claiming attorney-client privilege, Musk chose to withhold his personal emails from the Tesla Inc.

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Enhanced ESG Disclosures for Investment Funds and Advisers: A Comment from BlackRock

Harvard Corporate Governance

Posted by Paul Bodnar and Elizabeth Kent, BlackRock, Inc., on Tuesday, September 13, 2022 Editor's Note: Paul Bodnar is Global Head of Sustainable Investing and Elizabeth Kent is a Managing Director at BlackRock, Inc. This post is based on a comment letter by BlackRock submitted to the U.S. Securities and Exchange Commission regarding the proposed rules on ESG disclosures for investm ent funds and advisers.

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Grindr names new top team as it prepares to go public in Spac deal

Financial Times M&A

George Arison, founder of online car sales group Shift, to become gay dating app’s chief executive

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Global Economics Intelligence executive summary, August 2022

Mckinsey and Company

Growth moderates globally in an inflationary environment; the US Federal Reserve emphasizes its tightening course; Europe faces near-term energy volatility.

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Microsoft - Activision Deal Draws More Regulatory Attention

Benzinga

Microsoft Corp's (NASDAQ: MSFT ) $75 billion acquisition of video game maker Activision Blizzard, Inc (NASDAQ: ATVI ) faced intense scrutiny in Brussels and the U.K., the Financial Times reports. There were growing concerns that the deal was anti-competitive and would exclude rivals from accessing the blockbuster game Call of Duty. The U.K.'s Competition and Markets Authority will.

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About the SEC’s Climate Proposal

Harvard Corporate Governance

Posted by Maura Hodge, Sam Jeffery, and Julie Santoro, KPMG LLP, on Wednesday, September 14, 2022 Editor's Note: Maura Hodge, Sam Jeffery, and Julie Santoro are partners at KPMG LLP. This post is based on their KPMG memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

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UBS to lift dividend and beat share buyback target

Financial Times M&A

Swiss bank to lift shareholder returns days after pulling out of deal to buy fintech Wealthfront

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Against the odds: How life sciences companies excel in large transformations

Mckinsey and Company

Life sciences companies pursuing a step change in performance have obtained mixed results. Adhering to five principles can greatly improve the odds of a large transformation program succeeding.

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Twitter Shareholders Vote To Approve Buyout By Elon Musk: What Investors Should Know And What's Next

Benzinga

The latest step in the ongoing Twitter buyout saga was completed Tuesday. Here’s the latest in the battle between social media platform Twitter Inc (NYSE: TWTR ) and Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk. What Happened: Twitter shareholders voted to approve a $44 billion buyout from Musk. The vote is the latest step in a battle between Twitter and Musk to force him to complete his proposed buyout from April that valued Twitter at $54.20 per share.

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SEC Releases Final Rules Regarding Pay-Versus-Performance (PVP) Disclosures

Harvard Corporate Governance

Posted by Ira Kay and Mike Kesner, Pay Governance LLC, on Tuesday, September 13, 2022 Editor's Note: Ira T. Kay is Managing Partner and Mike Kesner is Partner at Pay Governance LLC. This post is based on their Pay Governance memorandum. Related research from the Program on Corporate Governance includes Paying for Long-Term Performance (discussed on the Forum here ) by Lucian Bebchuk and Jesse Fried.

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What Is Surprise Billing IDR?

ThomsonReuters

QUESTION: We’ve heard that group health plan claims for certain services must be resolved under federal IDR rules. What is IDR, and what claims does it apply to? ANSWER: The No Surprises Act (included in the Consolidated Appropriations Act, 2021 (CAA)) protects individuals from surprise bills for certain out-of-network services (see our Checkpoint article ), and establishes an independent dispute resolution (IDR) process under which out-of-network providers and health plans may resolve disput

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The emerging shift to responsible product management

Mckinsey and Company

Product managers already have a complex role in tech development. Now that incorporating issues like privacy, sustainability, and inclusion is starting to become part of their job, they must navigate a host of new challenges.

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Elon Musk's Takeover Set To Get Twitter Shareholder Approval By 'Wide Margin' Today: Report

Benzinga

Shareholders of Twitter Inc (NYSE: TWTR ) are likely to approve the $44 billion takeover led by Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk — a proposal the billionaire entrepreneur is no longer keen on seeing through. What Happened: Early trends indicate investors approving the deal by a wide margin, according to a Wall Street Journal report , which cited people familiar with the matter.

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EY’s challenge only just beginning after leaders sign off on historic split

Financial Times M&A

The Big Four firm will have to persuade audit and consulting partners that a radical shake-up is in their interests

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Retrospective Meetings: Bringing the Post Mortem Business Meeting to Life

Rhythm Systems

You've done it! You and your team have finished a significant project and are ready to celebrate. Your team did a great job adjusting to the challenges and delivering on the project. The team worked hard to get everything done, and they succeeded. It was a significant accomplishment, and everyone deserves a pat on the back. How do you follow up on this project?

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