Sat.May 25, 2024 - Fri.May 31, 2024

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Building Confidence: The Power of Financial Projections for Startups

Equidam

For early stage startups seeking investment, especially pre-revenue companies, there’s a common debate about the necessity of financial projections. Some argue that projections are unreliable due to the inherent uncertainty of young companies, and the number of assumptions that they have to model. However, there are compelling reasons why creating these models can significantly benefit both founders and investors.

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Sustainability Board Preparedness in Large Family Businesses

Harvard Corporate Governance

Posted by Frederik Otto and Michael Reed, The Sustainability Board, on Sunday, May 26, 2024 Editor's Note: Frederik Otto is Executive Director and Michael Reed is Director and Senior Advisor of the Institute for Sustainable Family Business at The Sustainability Board (TSB). This post is based on their TSB memorandum. In 2019, when we began our reporting cycle, a mere 54 of the 100 largest global companies had clearly defined sustainability oversight, with 16% of directors being ESG-engaged.

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Chobani Yogurt Founder Buys Anchor Brewing Company

NYT M&A

Hamdi Ulukaya called the craft brewer, said to be the country’s oldest, a “grand jewel.” Anchor’s former owner, Sapporo, put it into liquidation last year, citing the effects of the pandemic.

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Now boarding: Faces, places, and trends shaping tourism in 2024

Mckinsey and Company

Global travel is back and buzzing. More regional trips, newly emerging travelers, and a fresh set of destinations are powering steady spending.

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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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Lim Hwee Hua Appointed Chair of the IVSC Board of Trustees

IVSC

Former Singapore Government Minister and Deputy Speaker of the Singapore Parliament, Mrs Hwee Hua Lim, becomes the first Asian and female Chair of The IVSC. London, [Thursday 30 May, 2024] – The International Valuation Standards Council (IVSC) is pleased to announce the appointment of Mrs. Lim Hwee Hua as Chair of the IVSC Board of Trustees, effective June 2024.

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Do AIs Dream of Electric Boards?

Harvard Corporate Governance

Posted by Robert J. Rhee (University of Florida), on Thursday, May 30, 2024 Editor's Note: Robert J. Rhee is John H. and Marylou Dasburg Professor of Law at the University of Florida Levin College of Law. This post is based on his recent article , forthcoming in the Northwestern University Law Review. When AI acquires self-awareness, agency, and unique (general) intelligence, it will attain ontological personhood.

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Model makeover: Turning a telco into a customer-centric techco

Mckinsey and Company

Telcos can unlock significant value by becoming truly customer-centric enterprises, but it will take a new operating model enabled by a mindset shift and expanded capabilities.

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AI Update: Slowing Down AI—The Internet Is Too Small

BVR

Is the AI gold rush slowing down?

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DOJ Strengthens Incentives to Report Corporate Misconduct

Harvard Corporate Governance

Posted by Carolyn Small, Paige Zielinski, and Brandon Fox, Jenner & Block LLP, on Tuesday, May 28, 2024 Editor's Note: Carolyn Small is Special Counsel, Paige Zielinski is an Associate, and Brandon Fox is a Managing Partner at Jenner & Block LLP. This post is based on a Jenner & Block memorandum by Ms. Small, Ms. Zielinski, Mr. Fox, Laurel Loomis Rimon , David Bitkower , and Anthony Barkow.

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ConocoPhillips to Acquire Marathon Oil in $22.5 Billion Deal

NYT M&A

The takeover is the latest in a wave of consolidation sweeping the oil industry, with the biggest players rushing to acquire smaller rivals.

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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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Talking innovation in video games with Electronic Arts

Mckinsey and Company

EA’s chief strategy officer, Mihir Vaidya, discusses the challenges of innovating at the intersection of art, entertainment, and technology.

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ConocoPhillips in advanced talks to buy Marathon Oil

Financial Times M&A

Deal would value Houston-based company at just over $15bn

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Compensation Consultants and CEO Pay Peer Groups

Harvard Corporate Governance

Posted by Woon Sau Leung (University of Southampton), on Monday, May 27, 2024 Editor's Note: Woon Sau Leung is Professor of Finance at the University of Southampton Business School. This post is based on a working paper by Professor Iftekhar Hasan , Professor Leung, and Dr. Stefano Manfredonia. Academics have long been interested in understanding whether pay packages for CEOs are efficiently designed.

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How accounting firms are innovating in 2024

ThomsonReuters

Jump to: 2024 top priorities Key Insights from the 2024 State of Tax Professionals Report Preparing your firm for the future In the ever-evolving landscape of tax and accounting, professionals are continually adapting to new challenges and opportunities. Having weathered the waves of post-pandemic anxiety, many tax & accounting firms are now shifting their attention back to business fundamentals.

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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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Six trends shaping new business models in tourism and hospitality

Mckinsey and Company

Tourism and hospitality companies have transformed over the past decade. Here’s a look at trends related to accommodations and experiences.

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BHP calls for extension of Anglo American takeover talks

Financial Times M&A

World’s biggest miner seeks further negotiations on proposed £39bn deal

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Season-end Summary of Challenges under Rule 14a-8

Harvard Corporate Governance

Posted by Neil McCarthy, G. Michael Weiksner, James Palmiter, DragonGC, on Wednesday, May 29, 2024 Editor's Note: Neil McCarthy is Co-Founder and Chief Product Officer, G. Michael Weiksner is Co-Founder and Chief Technical Officer, and James Palmiter is CEO and Co-Founder at DragonGC. This post is based on a DragonGC memorandum by Mr. McCarthy, Mr. Weiksner, Mr.

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Wall Street Lands on India, Looking for Profits It Can’t Find in China

NYT M&A

Stock markets in Mumbai have surged as big global investors hope India can become a source of growth. It won’t be so easy.

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The way we travel now

Mckinsey and Company

A survey of travelers reveals disparate desires, generational divides, and a newly emerging set of traveler archetypes.

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Guyana’s president welcomes Chevron’s bid to buy into $150bn oil project

Financial Times M&A

US company faces tight shareholder vote on whether its takeover offer for consortium partner Hess will be approved

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How Do Companies Monitor Stakeholder Grievances?

Harvard Corporate Governance

Posted by Subodh Mishra, Institutional Shareholder Services Inc., on Tuesday, May 28, 2024 Editor's Note: Subodh Mishra is Global Head of Communications at ISS STOXX. This post is based on an ISS-Corporate memorandum by Elias Siebert. While responsible business conduct has long been a focus for activists, special interest groups and the socially responsible investment movement, in recent years, more stakeholders are recognizing the importance of global norms for responsible business conduct to p

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Are You Owed a Piece of a $5.5 Billion Settlement?

Redpath

If you or your business accepted Visa or Mastercard credit cards as payment between January 1, 2004 and January 25, 2019, you may be entitled to a share of a $5.5 billion settlement.

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Gen AI’s second wave

Mckinsey and Company

Generative AI is here to stay. As the novelty wears off, companies must figure out how to implement the technology to create real value. Here’s how they can start.

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ConocoPhillips Acquires Marathon Oil In All-Stock Deal At 14.7% Premium: Details

Benzinga

Marathon Oil Corporation (NYSE: MRO ) and ConocoPhillips (NYSE: COP ) stocks are moving in opposite directions on Wednesday after they disclosed a definitive deal in which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion. As per the agreement, Marathon Oil shareholders will receive 0.2550 ConocoPhillips shares for each share of Marathon Oil they hold.

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Midyear observations on the board agenda

Harvard Corporate Governance

Posted by John Rodi, David A. Brown and Patrick A. Lee, KPMG, on Friday, May 31, 2024 Editor's Note: John H. Rodi is Leader, and David A. Brown is Executive Director, and Patrick A. Lee is Senior Advisor of the Board Leadership Center of KPMG LLP. This post is based on their KPMG memorandum. Approaching midyear, business leaders are bullish on growth and the opportunities ahead.

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Q&A: Tips for Financial Institutions Evaluating Fintech Relationships

N Contracts

When it comes to vendor management, fintechs are in a category of their own. What’s the difference between fintechs and other vendors, and what goes into evaluating a fintech?

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4 Bookkeeping Pitfalls for Small Businesses to Avoid

Machen McChesney

Accurate bookkeeping is essential to operating a successful small business. The problems created by inadequate bookkeeping practices can have significant, long-lasting consequences. Here are four common pitfalls — and how to avoid them with the right knowledge and tools.

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Mental and physical health equity: A ‘medical civil right’

Mckinsey and Company

The Honorable Patrick J. Kennedy strives to ensure resources for the prevention, treatment, and recovery support of mental health conditions are on par with those for other chronic illnesses.

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Delaware’s Appealing Interlocutory Review Regime

Harvard Corporate Governance

Posted by Jim Ducayet and Deepa Chari, Sidley Austin LLP, on Thursday, May 30, 2024 Editor's Note: Jim Ducayet is a Partner and Deepa Chari is an Associate at Sidley Austin LLP. This post is based on their Sidley memorandum, and is part of the Delaware law series ; links to other posts in the series are available here. In a recent case, Palkon v. Maffei (TripAdvisor) , the Delaware Supreme Court accepted an interlocutory appeal of the Court of Chancery’s denial of shareholders’ motion to dismi

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Abu Dhabi conglomerate embarks on flurry of mining deals

Financial Times M&A

Business owned by $240bn IHC broke into market last year with acquisition of a major Zambian copper mine

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AI Is Costing Financial Institutions Millions

N Contracts

Y ou may think that artificial intelligence (AI) is a development your financial institution can worry about another day , but that’s a mistake. AI risk has already cost financial institutions millions – even at institutions that haven’t directly implemented AI technology.

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Updating perceptions about today’s luxury traveler

Mckinsey and Company

Some widely held notions about luxury travelers—such as how much money they have or how old they are—could be due for reexamination.

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Ethical Investments

Harvard Corporate Governance

Posted by Yifat Naftali Ben Zion (Harvard Law School), on Wednesday, May 29, 2024 Editor's Note: Yifat Naftali Ben Zion is a Fellow at Harvard Law School’s Program on Corporate Governance and an Assistant Professor at Tel Aviv University Faculty of Law (as of July 2024). This post is based on her recent working paper. In recent years, significant developments have occurred in the market for socially responsible investing, also known as ESG (environmental, social, and governance) investments.

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‘Project Badger’: how BHP’s bid for Anglo American unravelled

Financial Times M&A

Six-week-long pursuit failed but will leave its mark on the mining industry

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