Sat.Aug 24, 2024 - Fri.Aug 30, 2024

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IVSC Perspectives Paper – Making Intangibles More Tangible: Series Lessons

IVSC

Making Intangible Assets More Tangible: The Final Chapter in IVSC’s Series on Intangible Assets IVSC is pleased to publish the final paper in our Perspectives Series on Intangible Assets, titled “ Making Intangibles More Tangible: Series Lessons ” This conclusive paper brings together the insights and findings from the entire series, offering a comprehensive view on the valuation of intangible assets, which have become increasingly pivotal in today’s global economy.

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The Sustainability J-Curve

Harvard Corporate Governance

Posted by Allen He and Jessica Pollock, FCLTGlobal, on Monday, August 26, 2024 Editor's Note: Allen He is a Director and Jessica Pollock is a Research Associate at FCLTGlobal. This post is based on their FCLTGlobal memorandum. Ideal vs. Reality Companies often argue that sustainability lies at the core of their business strategy and directly impacts their long-term profitability.

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A Trial Asks: If Grocery Rivals Merge, Do Workers Suffer?

NYT M&A

As Kroger seeks to acquire Albertsons, federal regulators argue that the biggest supermarket combination in history will hurt not only consumers, but workers as well.

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The gen AI skills revolution: Rethinking your talent strategy

Mckinsey and Company

Developing the software talent companies need to grow means thinking in terms of skills rather than roles to navigate this period of uncertainty around talent.

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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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IVS to become freely available from January 2025

IVSC

IVSC is pleased to announce that, from January 2025, the latest edition of the International Valuation Standards (IVS) will be freely accessible to the public in a digital format via the IVSC’s website. This change, which removes an existing paywall, coincides with the effective date of the newest edition of IVS and represents an important step in supporting the widespread adoption and implementation of these standards across global markets.

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Misalignment Under the Radar: Stealth Dual-Class Stock

Harvard Corporate Governance

Posted by James Crowe, Council of Institutional Investors, on Friday, August 30, 2024 Editor's Note: James Crowe is the Research Manager at the Council of Institutional Investors. This post is based on a research article by the Council of Institutional Investors Research and Education Fund. Executive Summary Traditional dual-class or multi-class stock structures have received significant attention from market participants because of the disconnect they create between voting rights and economic o

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How Asia is harnessing AI for social good

Mckinsey and Company

The world is falling behind in achieving the Sustainable Development Goals on time. AI has the potential to devise and scale solutions to address societal and environmental issues—experts tell us how.

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Nippon Steel’s $15 Billion U.S. Steel Takeover Bid Is in Peril

NYT M&A

The proposed merger of Japanese and American industrial giants, which proponents say would benefit both countries, is ensnared by political and labor opposition.

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Integrating Geopolitics and Sustainability for Future-Ready Leadership

Harvard Corporate Governance

Posted by Fatima Hadj, Chloe Demrovsky, and Frederik Otto, The Sustainability Board, on Saturday, August 24, 2024 Editor's Note: Fatima Hadj is the Chair of Securitised Products at Principles for Responsible Investment (PRI), and Chloe Demrovsky is a Senior Advisor and Frederik Otto is the Executive Director at The Sustainability Board (TSB). This post is based on their TSB memorandum.

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Spain blocks Hungarian train bid as ‘national security’ threat

Financial Times M&A

Madrid says decision based on ‘classified’ concerns over consortium backed by Viktor Orbán

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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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Chief of staff: Anatomy of the role in eight charts

Mckinsey and Company

Helping top leaders fulfill their missions can accelerate advancement and open new career opportunities.

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Edgar Bronfman Jr. Drops Pursuit of Paramount

NYT M&A

Mr. Bronfman had frantically put a bid together over the last week even as Paramount raised questions about his financing.

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Proxy Season Global Briefing: Shareholder Rights & Corporate Governance

Harvard Corporate Governance

Posted by Chris Rushton, Brianna Castro, and Aaron Wendt, Glass, Lewis & Co, on Thursday, August 29, 2024 Editor's Note: Chris Rushton and Brianna Castro are Senior Directors of Research and Aaron Wendt is a Director of Research at Glass, Lewis & Co. This post is based on a Glass Lewis memorandum by Mr. Rushton, Ms. Castro, Mr. Wendt, Bernadette O’Donoghue, Dimitri Zagoroff , and Eric Shostal.

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Top defence contractors set to rake in record cash after orders soar

Financial Times M&A

Industry could step up share buybacks as large M&A opportunities are limited, analysts say

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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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Help wanted: The long-term labor tightening trend by country

Mckinsey and Company

Labor markets in the world’s eight largest economies have tightened significantly since 2010, although the character and level of constraint varies among them. Here we offer a detailed portrait of each country’s labor market to illustrate the contrasts and similarities between them.

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Kroger and Albertsons Confront a Skeptical F.T.C. in federal court

NYT M&A

The Federal Trade Commission, which is trying to block Kroger’s plan to acquire Albertsons, said in court that the merger of grocery giants would also hurt workers’ pay and benefits.

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Time to rethink performance shares?

Harvard Corporate Governance

Posted by Ola Peter Gjessing, Norges Bank Investment Management, on Wednesday, August 28, 2024 Editor's Note: Ola Peter Gjessing is a Lead Investment Stewardship Manager at Norges Bank Investment Management (NBIM). This post is based on his NBIM memorandum. Time to rethink performance shares? This is the year that the two leading proxy advisors separately ask clients whether to abandon their favoring of CEO ‘performance shares’ over simpler stock incentives.

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Sotheby’s earnings plunge as art market catches a chill

Financial Times M&A

Arch-rival Christie’s also suffering from slowdown in auctions

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An AI platform tailored for the enterprise

Mckinsey and Company

Aidan Gomez, CEO and cofounder of Cohere, discusses its business-only focus, its platform’s ability to securely deploy in any environment, and the challenges companies face in adopting AI.

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Intel Weighs Major Business Split, Factory Delays Amid Strategic Review: Report

Benzinga

Intel Corp (NASDAQ: INTC ) is weighing strategic options, including splitting its product design and manufacturing businesses. The plan includes scrapping factory projects and potential mergers and acquisitions, Bloomberg cites familiar sources. Morgan Stanley and Goldman Sachs are advising Intel regarding the strategic options that the chipmaker proposes to place to its board during a meeting in September.

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Recent Developments for Directors

Harvard Corporate Governance

Posted by Julia Thompson, Keith Halverstam, and Jenna Cooper, Latham & Watkins LLP, on Monday, August 26, 2024 Editor's Note: Julia Thompson , Keith Halverstam , and Jenna Cooper are Partners at Latham & Watkins LLP. This post is based on a Latham memorandum by Ms. Thompson, Mr. Halverstam, Ms. Cooper, Charles Ruck , Ryan Maierson , and Joel Trotter.

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NFL to allow private equity investment for first time

Financial Times M&A

Ares, Sixth Street, Blackstone, Carlyle and CVC among firms approved to bid for a slice of lucrative American football market

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Building a modern mining company: Interview with Neal Froneman

Mckinsey and Company

Sibanye-Stillwater CEO Neal Froneman discusses mining’s critical role in the energy transition and what the industry can do to promote sustainability, now and in the future.

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First Abu Dhabi Bank’s Matthew Adams On The Evolving Sub-Custody Space

Global Finance

Emerging markets are wildly diverse, and keeping track of the latest trends is often daunting. Luckily, Matthew Adams has at least two decades worth of expertise guiding him with each new policy shift and market shakeup. His resume includes various senior roles at major firms like State Street, HSBC, Northern Trust and BNP Paribas. By 2022, Adams arrived at First Abu Dhabi Bank (FAB) where he oversees the bank’s international client base of global custodians, broker dealers and private banks.

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The Sound of Silence in Corporate Director Resignations

Harvard Corporate Governance

Posted by Asaf Eckstein and Ziv Granov (Hebrew University of Jerusalem), on Tuesday, August 27, 2024 Editor's Note: Asaf Eckstein is an Associate Professor of Law and Ziv Granov is an LLB Student at the Hebrew University of Jerusalem. This post is based on their recent article forthcoming in the Washington and Lee Law Review Journal. One critical aspect of corporate governance is transparency between shareholders and management.

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Mining bosses issue M&A warning as forecasts of dealmaking boom mount

Financial Times M&A

Companies want commodities critical for clean energy such as copper that could drive deals

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An entrepreneurial philanthropist, a biotech pioneer, and an acclaimed wine producer

Mckinsey and Company

Our August obituaries also include a media CEO, a neonatal ICU creator, and a corporate cofounder who helped change the face of word processing.

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Understanding Taxes on Real Estate Gains

Machen McChesney

Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain comes from indirect ownership of real estate via a pass-through entity such as an LLC, partnership, or S corporation. You may expect to pay Uncle Sam the standard 15% or 20% federal income tax rate that usually applies to long-term capital gains from assets held for more than one year.

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ISS Opens Survey for 2025 Policy Changes; Glass Lewis Seeks Informal Feedback

Harvard Corporate Governance

Posted by Michael Bergmann, Michael Mencher, and Luci Altman, Cooley LLP, on Tuesday, August 27, 2024 Editor's Note: Michael Bergmann is a Partner and Michael Mencher and Luci Altman are Special Counsels at Cooley LLP. This post is based on a Cooley memorandum by Mr. Bergmann, Mr. Mencher, Ms. Altman, Brad Goldberg , Beth Sasfai , and Alessandra Murata.

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7-Eleven’s Japanese owner explores protected status to thwart foreign bid

Financial Times M&A

Internal talks on stymieing takeover attempt by Canada’s Couche-Tard comes despite official moves to look at best value for investors

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Approaching generative AI with a beginner’s mindset

Mckinsey and Company

Generative AI is helping organizations do more in less time. An attitude of eager curiosity could help leaders seize the burgeoning opportunities that come with new technology.

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Understanding 1071 Voluntary Reporting | Ncontracts

N Contracts

Since its initial publication in the spring of 2023, section 1071 of the Dodd Frank Act left compliance and risk leaders scratching their heads. The size and complexity of the rule are matched only by the staggering cost estimates for compliance.

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The Golden Revolving Door

Harvard Corporate Governance

Posted by Lauren H. Cohen (Harvard Business School), on Thursday, August 29, 2024 Editor's Note: Lauren H. Cohen is the L. E. Simmons Professor of Business Administration at Harvard Business School. This post is based on a working paper by Professor Cohen, Professor Ling Cen , Professor Jing Wu , and Mr. Fan Zhang. Summary In the dynamic landscape of today’s interconnected global economy, geopolitical disruptions can send shockwaves along global supply chains through international trade.

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Private equity circles Grant Thornton’s UK business

Financial Times M&A

Carlyle, Blackstone and Permira among firms considering buying a stake in mid-tier accountant

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