Sat.Feb 10, 2024 - Fri.Feb 16, 2024

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Why good boards make bad decisions

Harvard Corporate Governance

Posted by Maria Castañón Moats, Paul DeNicola, and Catie Hall, PricewaterhouseCoopers LLP, on Sunday, February 11, 2024 Editor's Note: Maria Castañón Moats is a Leader, Paul DeNicola is a Principal, and Catie Hall is a Director at the Governance Insights Center, PricewaterhouseCoopers LLP. This post is based on their PwC memorandum. Introduction A widely accepted notion is that corporate boards function like well-oiled machines.

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What programmatic acquirers do differently

Mckinsey and Company

Our latest findings bolster the case for programmatic M&A. But beyond doing more deals, what gives programmatic acquirers an edge—and how does their dealmaking translate to value creation?

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Two Big Texas Oil Producers Announce $26 Billion Merger

NYT M&A

Diamondback Energy and Endeavor Energy Resources are both major players in the booming Permian Basin.

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The German property collapse?is happening in residential too

Financial Times M&A

A more fragmented market with smaller and less resilient builders means consolidation is on the cards

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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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Executive Compensation Considerations for the 2024 Annual Meeting and Reporting Season

Harvard Corporate Governance

Posted by Joseph Yaffe, Page Griffin, and Shalom Huber, Skadden, Arps, Slate, Meagher & Flom LLP, on Thursday, February 15, 2024 Editor's Note: Joseph Yaffe , Page Griffin , and Shalom Huber are Partners at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden memorandum by Mr. Yaffe, Mr. Griffin, Mr. Huber, Regina Olshan , Erica Schohn , and Joseph Penko.

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Organizational health is (still) the key to long-term performance

Mckinsey and Company

McKinsey’s latest findings on organizational health demonstrate that it remains the best predictor of value creation and a sustainable source of competitive advantage in today’s global marketplace.

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More Trending

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Permian Basin deal wave heralds new phase in shale oil revolution

Financial Times M&A

Diamondback Energy’s $26bn takeover of Endeavor furthers drive towards efficiency and lower production costs

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How Boards Should Be Thinking about the Supreme Court’s SFFA Affirmative Action Decision

Harvard Corporate Governance

Posted by Francesca L. Odell, Jennifer Kennedy Park, and Charity E. Lee, Cleary Gottlieb Steen & Hamilton LLP, on Wednesday, February 14, 2024 Editor's Note: Francesca L. Odell and Jennifer Kennedy Park are Partners, and Charity E. Lee is Counsel at Cleary Gottlieb Steen & Hamilton LLP. This post is based on their Cleary Gottlieb memorandum.

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What technology trends are shaping the mobility sector?

Mckinsey and Company

Technological innovation is transforming every aspect of the mobility sector, and more companies are beginning to investigate disruptive technology. A McKinsey analysis identifies the trends to watch.

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Aaron Fleitman and Clair Eby Achieve Milestones in Business Valuation

Trout CPA

At Trout CPA, we take immense pride in the dedication and expertise of our team members. Today, we're thrilled to announce two significant achievements within our firm that underscore our commitment to excellence in valuation services.

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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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Egypt’s richest man Nassef Sawiris considers breaking up his empire

Financial Times M&A

Billionaire says options for OCI Group include selling off all assets and turning it into cash shell for new acquisitions

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Ignorance is Strength: Climate Change, Corporate Governance, Politics, and the English Language

Harvard Corporate Governance

Posted by Leo E. Strine, Jr. (University of Pennsylvania), on Tuesday, February 13, 2024 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.

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Generative AI and the future of work in Australia

Mckinsey and Company

Advances in generative AI have accelerated Australia’s automation opportunity. If implemented well, these technologies could improve Australia’s productivity—and the quality of life of its people.

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Book Review: ‘Battle for the Bird,’ by Kurt Wagner; ‘Extremely Hardcore,’ by Zoë Schiffer

NYT M&A

Two new books about the platform chronicle its leadership under first Jack Dorsey and now Elon Musk, portraying a site reeling from user disaffection and gross mismanagement.

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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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Diamondback Energy close to buying Endeavor in $25bn US oil deal

Financial Times M&A

Acquisition would create one of the biggest producers in America’s booming Permian Basin

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Special Committee Report

Harvard Corporate Governance

Posted by Gregory V. Gooding, William D. Regner and Jacob Dougherty (Debevoise & Plimpton LLP), on Saturday, February 10, 2024 Editor's Note: Gregory V. Gooding and William D. Regner are Partners, and Jacob Dougherty is an Associate at Debevoise & Plimpton LLP. This post is based on a Debevoise memorandum by Mr. Gooding, Mr. Regner, Mr. Dougherty, Caitlin Gibson , Erik J.

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Generative AI in finance: Finding the way to faster, deeper insights

Mckinsey and Company

Generative AI technologies can automate time-consuming tasks for finance professionals, but can they be trusted to give the right answers?

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We May Never See a Better Environment for Transferring Wealth

Machen McChesney

We May Never See a Better Environment for Transferring Wealth … Here’s Why It may seem that there will always be time to address estate planning. However, a unique opportunity to maximize the amount of wealth that can be tax-efficiently passed to heirs will expire at the end of 2025. Furthermore, legislation could curb lifetime exemption limits even sooner.

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US biotech fundraising boom ends two-year deal drought

Financial Times M&A

Drug developers raised $6bn in January, helped by a rebound in merger activity

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What directors need to know about the 2024 proxy season

Harvard Corporate Governance

Posted by Jamie Smith, EY, on Wednesday, February 14, 2024 Editor's Note: Jamie Smith is EY Americas Center for Board Matters Investor Outreach and Corporate Governance Director. This post is based on an EY memorandum by Ms. Smith and Kris Pederson. In brief Investors want companies to prioritize talent strategy and climate-related business transformation to build resilience in a dynamic business environment.

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Author Talks: Howard Friedman on getting the most from your data science team

Mckinsey and Company

We all know the best decisions are data driven. So why are so few leaders making good use of their analytics teams?

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Integrated Risk Management 101: What and Why?

N Contracts

The size and complexity of the modern risk landscape make it difficult for financial institutions to account for every risk. When key stakeholders and decision-makers don’t have a clear line of sight into risk, it’s easy to fall short of strategic goals, milestones, and policy objectives. Integrated risk management offers institutions a solution to this problem.

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US oil companies to merge in $26bn deal as firms rush to buy up drilling land

The Guardian M&A

Diamondback Energy to buy Endeavor Energy Resources, after IEA warning against new fossil fuel developments Business live – latest updates Two American oil and gas companies have said they will merge in a $26bn (£21bn) deal, the latest in a wave of acquisitions designed to buy up the best land for drilling. Diamondback Energy has agreed to buy Endeavor Energy Resources in a takeover that will create a company with a value of about $50bn (£40bn).

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Corporate Governance Regulation: A Primer

Harvard Corporate Governance

Posted by Brian R. Cheffins (University of Cambridge), on Thursday, February 15, 2024 Editor's Note: Brian Cheffins is the S. J. Berwin Professor of Corporate Law at the University of Cambridge. This post is based on his recent paper forthcoming in Martínez-Echevarría y García de Dueñas, A. (dir.), González Sánchez, S.,Bethencourt Rodríguez, G. (coords.), Gobierno Corporativo Sostenible: Regulación vs.

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McKinsey insurance leadership on 2024 trends and innovations

Mckinsey and Company

As insurance executives plan for the new year, what’s top of mind? What areas are ripe for innovation? McKinsey Senior Partners Jörg Mußhoff and Fritz Nauck discuss these and other topics.

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Enabling company growth and tax planning with AI

ThomsonReuters

Jump to: Enabling the growth opportunity Tax planning with AI AI presents no shortage of opportunities. In a way, tax and accounting professionals can attain their goals with artificial intelligence. For accounting professionals, there is a shift in the industry to providing more advisory services to clients. AI can help facilitate this transition through multiple internal and external efficiencies.

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Liquidity Overload: Why Having Too Much Cash May Be Bad for Business

Machen McChesney

In today’s uncertain marketplace, many businesses are stashing operating cash in their bank accounts, even though they might not have imminent plans to deploy their reserves. However, excessive “rainy day” funds could be an inefficient use of capital. Here’s a systematic approach to help estimate reasonable cash reserves and maximize your company’s return on long-term financial positions.

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The First ESG Proxy Contest Under UPC

Harvard Corporate Governance

Posted by Michael R. Levin, The Activist Investor, on Monday, February 12, 2024 Editor's Note: Michael R. Levin is the Founder and Editor of The Activist Investor. This post is based on his TAI memorandum. Related research from the Program on Corporate Governance includes Universal Proxies (discussed on the Forum here ) by Scott Hirst. For over a year, we and others speculated ESG proponents would pounce on universal proxy card (UPC) as a way to escalate efforts to exert influence over compani

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The changing role of the infrastructure CEO

Mckinsey and Company

Infrastructure CEOs can prepare as the industry adapts to changing technology and shifting stakeholder and societal expectations.

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Broadcom Sees Boost from Tiger Global's Entry, Signaling Confidence in AI Semiconductor Market

Benzinga

Tiger Global expanded its investment portfolio by acquiring its first stake in the California-based semiconductor manufacturer Broadcom Inc (NASDAQ: AVGO ) in the final quarter of 2023. Simultaneously, Tiger Global aggressively expanded its involvement in the semiconductor industry. Notably, it amplified its holdings in Taiwan Semiconductor Manufacturing Co (NYSE: TSM ) and Lam Research Corp (NASDAQ: LRCX ) by 47.69% and 8.9%, respectively, MarketWatch cites regulatory filings.

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Start-ups worry over EU’s Big Tech crackdown

Financial Times M&A

Some entrepreneurs believe there will now be less deal activity, reducing exit routes from their business

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Proxy Voting Guidelines 2024

Harvard Corporate Governance

Posted by Mark Lundvall and Ryan O’Toole, Fidelity Investments, on Wednesday, February 14, 2024 Editor's Note: Mark Lundvall is Head of Investment Proxy Research, and Ryan O’Toole is Director of Corporate Governance at Fidelity Investments. This post is based on their Fidelity memorandum. I. Introduction These guidelines are intended to help Fidelity’s customers and the companies in which Fidelity invests understand how Fidelity votes proxies to further the values that have sustained Fidelity fo

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CEO excellence: How do leaders assess their own performance?

Mckinsey and Company

Early results from our proprietary CEO Excellence Assessment Tool offer insights into the key issues facing more than 100 CEOs, mostly from Asia, and where they feel most confident—and most vulnerable.

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Fair Lending 2024: Top 7 Takeaways

N Contracts

What does your financial institution need to understand about fair lending compliance in 2024? Let's revisit our January webinar and find out!