Sat.Aug 13, 2022 - Fri.Aug 19, 2022

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Proxy Voting: Managers Focus on Environmental and Social Themes

Harvard Corporate Governance

Posted by Lindsey Stewart, Morningstar, Inc., on Thursday, August 18, 2022 Editor's Note: Lindsey Stewart is Director of Investment Stewardship Research at Morningstar, Inc. This post is based on his Morningstar memorandum. Related research from the Program on Corporate Governance includes The Agency Problems of Institutional Investors (discussed on the Forum here ) by Lucian Bebchuk, Alma Cohen, and Scott Hirst; Index Funds and the Future of Corporate Governance: Theory, Evidence, and Policy

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The Silver Tsunami is Here

Viking Mergers

More than 75 million Baby Boomers are poised to retire (part of what has been dubbed the “Silver Tsunami”). Early studies indicated mass exodus of Boomers from the workforce would happen steadily over the next 20 years. Back in 2020, however, I shared my opinion that the COVID-19 pandemic was a wake-up call for many Boomers (those born between 1946 and 1964) who realized being at home wasn’t too bad and that life is too short to work until the very end.

Start-ups 130
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Author Talks: Design your future

Mckinsey and Company

Danish design experts Christian Bason and Jens Martin Skibsted say humanity needs a more expansive outlook on problem-solving—one that is less human-centered and more future-proof.

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Chamath Palihapitiya's SPAC Track Record Means Double-Digit Losses For You. Here Are The Details On All His Deals

Benzinga

Chamath Palihapitiya was one of the biggest names in the SPAC market in 2021 and when times were good for new companies going public, Palihapitiya had some of the best-performing deals of that year. The year 2022 has not been as kind to Palihapitiya with re-valuations on many of the companies that went public by investors seeing shares below the former $10 price point of the SPACs.

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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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The Corporate Law Reckoning for SPACs

Harvard Corporate Governance

Posted by Minor Myers (University of Connecticut), on Wednesday, August 17, 2022 Editor's Note: Minor Myers is Professor of Law at the University of Connecticut School of Law. This post is based on his recent paper , and is part of the Delaware law series ; links to other posts in the series are available here. Related research from the Program on Corporate Governance includes SPAC Law and Myths (discussed on the Forum here ) by John C.

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How will digitalisation power the energy transition?

Avanade

Transforming the energy sector is one of the biggest and most important challenges we face today. By embracing digital technologies these companies stand to reap colossal rewards.

More Trending

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Jim Ratcliffe declares interest in buying Manchester United

Financial Times M&A

UK billionaire emerges as potential buyer of struggling football giant if Glazer family want to sell

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What to Know About the SEC’s ESG Investing Rule Proposals

Harvard Corporate Governance

Posted by Nina Wilson, Edelman, on Wednesday, August 17, 2022 Editor's Note: Nina Wilson is Vice President of Edelman ESG Advisory. This post is based on her Edelman memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A. Bebchuk and Roberto Tallarita; Does Enlightened Shareholder Value Add Value?

Banking 254
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Twitter Asks Elon Musk: Who Did You Chat With About Buyout? The List May Be Longer Than We Thought

Benzinga

As Elon Musk and Twitter Inc. (NYSE: TWTR ) prepare for a legal showdown on Oct. 17 , the Tesla Inc. (NASDAQ: TSLA ) CEO has raised objections to the social media platform’s requests for information. What Happened : Twitter is asking Musk to share documents from anyone “who might have had a passing conversation” with him regarding the deal, the billionaire said in a letter to Delaware Chancery Court Judge Kathaleen McCormick , Bloomberg reported.

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A reflection on global food security challenges amid the war in Ukraine and the early impact of climate change

Mckinsey and Company

Geopolitical and climatic events are impacting the food system’s resilience. Here’s what happened this year, what may come next year, potential consequences, and considerations that may mitigate the impact.

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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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Extension of 2020-2021 USPAP

ISA

8/16/2022 12:00:00 AM. The Appraisal Foundation’s Appraisal Standards Board announced August 11, 2022, that it was extending the current USPAP another year through the end of 2023. The next published edition will be effective January 1, 2024. The full statement and FAQ on the decision is here. As a reminder, your appraisal reports are written to the current published edition of USPAP, which is the 2020-2021 edition.

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Should Your Company Go Private?

Harvard Corporate Governance

Posted by Mandy Wright, Directorship, on Sunday, August 14, 2022 Editor's Note: Mandy Wright is senior editor of Directorship magazine. This post is based on an NACD BoardTalk publication. Twenty-six public companies have gone private this year as of mid-May, totaling more than $121 billion in value. Compare that to 47 companies that did the same in all of 2021, the highest number of such deals in more than a decade, according to Dealogic.

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Amid 2022's Dealmaking Slump, Financiers Are Fearing For Their Careers

Benzinga

Young bankers are fearing for their jobs as lighter workloads become the new normal. That’s according to a new report by Bloomberg. Banking analysts appear to have a lot of extra time on their hands, something which seemed unthinkable last year — and the years prior — for a profession characterized by its long hours and intense workload.

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Vision 2028: How China could impact the global biopharma industry

Mckinsey and Company

China-originated biopharmas will likely have greater influence on the industry by 2028, but regulatory developments and the quality of partnerships will determine how the industry grows.

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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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UK Litigation Roundup: Here's What You Missed In London

Law 360 M&A

This week in London has seen the Bureau of Investigative Journalism sued for libel by a former Kazakh leader, Siemens Mobility bring fresh legal action against the high-speed rail project HS2 in a procurement claim, and an Irish aircraft company sue Aeroflot and Rossiya Airlines in the wake of sanctions imposed on the airlines by the U.K. government.

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Gender Pay Gap Across Cultures

Harvard Corporate Governance

Posted by Kristina Minnick (Bentley University), on Thursday, August 18, 2022 Editor's Note: Kristina Minnick is Stanton Professor of Finance at Bentley University. This post is based on a recent paper by Professor. Minnick; Natasha Burns , Professor of Finance at the University of Texas at San Antonio; Jeffry Netter , Josiah Meigs Professor of Finance at the University of Georgia Terry College of Business; and Laura T.

Finance 238
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Elon Musk Says He's 'Buying Manchester United:' Is It A Better Deal Than Acquiring Twitter?

Benzinga

Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk said Tuesday he was buying the Manchester United Football Club , better known as Man United. What Happened: The billionaire said in a Twitter thread — in which he touched on his political affiliations — that he was buying the Old Trafford-based club that competes in the Premier League — the apex division of the English football league.

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Using analytics to address inflation risks and strengthen competitive positioning

Mckinsey and Company

In the new inflationary environment, company leaders can protect their business and gain competitive advantage by deploying analytics-aided strategies.

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Navigating the Schedule K-2, K-3 Landscape – Don’t Overlook Penalty Relief

ThomsonReuters

Starting with their tax years that begin in 2021 (the 2021 tax year) pass-through entities with items of international tax relevance must contend with a number of new forms and instructions. Specifically, Schedules K-2 and K-3 for Form 1065, Partners’ Distributive Share Items—International, Schedules K-2 and K-3 for Form 1120-S, Shareholders’ Pro Rata Share Items—International; and.

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PE Firms Poised for Diversity Drive

Harvard Corporate Governance

Posted by Kem Ihenacho, Clare Scott, and Anne Mainwaring, Latham & Watkins LLP, on Monday, August 15, 2022 Editor's Note: Kem Ihenacho is partner, Clare Scott is counsel, and Anne Mainwaring is an associate at Latham & Watkins LLP. This post is based on a Latham memorandum by Mr. Ihenacho, Ms. Scott, Ms. Mainwaring, Catherine Campbell , and Jennifer Cadet.

Equity 236
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Elon Musk Is Not Buying Manchester United But The Team Could Still Be For Sale

Benzinga

The world’s richest person created a stir in the sports world when he tweeted that he would be buying one of the most valuable and recognizable soccer teams in the world. What Happened: Tesla Inc. (NASDAQ: TSLA ) CEO Elon Musk suggested on Twitter Inc. (NYSE: TWTR ) Tuesday night that he could be buying English Premier League team Manchester United (NYSE: MANU ).

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Employee mental health and burnout in Asia: A time to act

Mckinsey and Company

By identifying factors affecting workplace mental health, leaders in Asia can take action to create happier, more inclusive, and increasingly productive organizations.

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Summer Shorts: LLC Dissolution and Other Recent Decisions of Interest

Farrel Fritz

Welcome to the 12th annual edition of Summer Shorts. This year’s edition features brief commentary on a handful of recent decisions by New York trial judges and appellate courts in a variety of business divorce cases involving capital calls, recapitalization, dissolution agreements, derivative vs. direct claims, and judicial dissolution. Click on the case names to read the decisions.

Finance 98
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Identifying Corporate Governance Effects: The Case of Universal Demand Laws

Harvard Corporate Governance

Posted by Steven Davidoff Solomon (University of California at Berkeley), Panos N. Patatoukas (University of California at Berkeley), and Byung Hyun Ahn (Dimensional Fund Advisors), , on Tuesday, August 16, 2022 Editor's Note: Steven Davidoff Solomon is Professor of Law at the University of California at Berkeley School of Law; Byung Hyun Ahn is a Researcher at Dimensional Fund Advisors; and Panos N.

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Unity CEO John Riccitiello Highlights Complementary Nature Of IronSource Deal, Says Metaverse Opportunity Is 'Present-Day Reality'

Benzinga

Unity Software Inc (NYSE: U ) shares are down more than 5% after the company rejected a takeover proposal from Applovin Corp (NASDAQ: APP ). Monday on CNBC's "TechCheck," Unity CEO John Riccitiello reaffirmed that the company's previously announced merger with IronSource Ltd (NYSE: IS ) is the better deal for shareholders. What Happened: Unity's board unanimously determined the Applovin proposal is not in the best interest of Unity shareholders following a financial and str

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How mining companies reach the operational excellence gold standard

Mckinsey and Company

Creating a culture of operational excellence is allowing the mining industry to reach new heights in sustained improvement in productivity, efficiency, safety, and sustainability.

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Penguin Exec. Says Internal Book Competition Is Strong

Law 360 M&A

The head of Penguin Random House's U.S. operations told a D.C. federal judge Monday that there's real competition between the company's various imprints, in an effort to debunk the government's allegations that its planned purchase of Simon & Schuster from Paramount Global will dampen author pay.

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ESG Trends and Expectations

Harvard Corporate Governance

Posted by Marc S. Gerber, Greg Norman, and Simon Toms, Skadden, Arps, Slate, Meagher & Flom LLP, on Tuesday, August 16, 2022 Editor's Note: Marc S. Gerber , Greg Norman and Simon Toms are partners at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden memorandum by Mr. Gerber, Mr. Norman, Mr. Toms, Adam M. Howard , Kathryn Gamble , and Patrick Tsitsaros.

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Crypto Giant Galaxy Digital Ditches Billion Dollar BitGo Buyout As Losses Tripled And Terms Weren't Met

Benzinga

Galaxy Digital Holdings Ltd (OTC: BRPHF ) shares traded lower by 2.8% on Monday after the company announced it has scrapped a major acquisition deal. What Happened? Galaxy Digital announced it is terminating its acquisition deal for BitGo after the company failed to deliver audited financial statements for 2021. Related Link: Did Galaxy Digital CEO Mike Novogratz Get His Terra (LUNA) Tattoo Removed Following Crypto Collapse?

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Transforming global trade: Views from Tradeshift CEO Christian Lanng

Mckinsey and Company

The leader of the Danish-born fintech talks about modernizing B2B payments, the significance of global trade, and an early meeting with a Silicon Valley mentor that keeps him centered.

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Digital manufacturing: The importance of smart connected products

Avanade

Paul Lipovanciuc discusses our Industry X service which includes solutions for smart connected products, where X signifies the constant change characteristic, for connecting the physical with the digital components of an organization.

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Weekly Roundup: August 12-18, 2022

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, August 19, 2022 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of August 12-18, 2022. CSOs Have More Impact When Aligned To The CEO. Posted by Kurt Harrison, Sarah Galloway, and Emily Meneer, Russell Reynolds Associates, on Friday, August 12, 2022.

Dividends 220
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Psychedelic Acquisition: Psycheceutical To Buy Majority Equity Stake In Maryland R&D Company

Benzinga

Publicly traded psychedelics company Psycheceutical Bioscience Inc. (OTC: BWVI ) is signing an exclusive purchase option with end-to-end pharma R&D company Vici Health Sciences ’ majority equity stake. The company develops cutting-edge gear and novel compounds for next-gen mental health treatments, most notably proprietary NeuroDirect and Janus particle delivery technologies.

Equity 98
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The McKinsey Crossword: Organized Animals | No. 89

Mckinsey and Company

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

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