Sat.Sep 07, 2024 - Fri.Sep 13, 2024

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Audit Committee Practices Report

Harvard Corporate Governance

Posted by Krista Parsons and Vanessa Teitelbaum, Deloitte LLP, on Sunday, September 8, 2024 Editor's Note: Krista Parsons is a Managing Director at Deloitte LLP and Vanessa Teitelbaum is a Senior Director at the Center for Audit Quality. This post is based on their Deloitte memorandum. Key Findings As the regulatory environment grows in complexity and organizations address new and continuing challenges, additional expectations are placed on audit committees.

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ValuAsia Connect Webinar Series: Financial Instruments

IVSC

Introduction Welcome back to ValuAsia Connect, your gateway to the vibrant world of valuation in Asia! Building on the success of our previous webinars on ESG and Intangible Assets, we are thrilled to present the latest edition: ValuAsia Connect – Financial Instruments. Hosted by the International Valuation Standards Council (IVSC) and the Institute of Valuers and Appraisers, Singapore (IVAS), this session will explore the intricate challenges of valuing financial instruments, a key area in toda

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Billion-Dollar Marijuana Giant Buys Another Brewery From Molson Coors, Expands Great Lakes Footprint

Benzinga

Tilray Brands, Inc. (NASDAQ: TLRY ) confirmed Thursday it has completed the previously announced acquisition of Atwater Brewery, from Molson Coors Beverage Company (NYSE: TAP ). “Atwater Brewery is a renowned craft brewery with a rich history and a loyal following in Michigan," said Irwin D. Simon, chairman and chief executive officer of Tilray Brands.

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Leading from the inside out: Why CEOs must make time for self-reflection

Mckinsey and Company

The authors of a new book on the journey of leadership explain why this era of unprecedented global change demands a new style of leadership—one that reflects the inner world of the CEO along with the needs of organizations and employees.

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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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Relative TSR Awards: Challenges and Trade-Offs

Harvard Corporate Governance

Posted by Szu Ho, Ira Kay, and Joadi Oglesby, Pay Governance LLC, on Monday, September 9, 2024 Editor's Note: Szu Ho is a Principal, Ira Kay is a Managing Partner, and Joadi Oglesby is a Consultant at Pay Governance LLC. This post is based on their Pay Governance memorandum. Introduction Thousands of companies, including more than 70% of the S&P 500 companies, grant performance stock units (PSUs) with relative total shareholder return (TSR) or stock price performance-vesting conditions.

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Greed, Gluttony and the Crackup of Red Lobster

NYT M&A

How missed opportunities, a $1.5 billion real estate deal, all-you-can-eat shrimp and the global pandemic sank the country’s largest seafood chain.

More Trending

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The beauty boom and beyond: Can the industry maintain its growth?

Mckinsey and Company

The global beauty industry continued to grow in 2023, but the dynamics driving sector growth are shifting. A new analysis shows some emerging bright spots and how players can compete.

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A Deeper Look at the Scope, Impact, and Risks of Company Political Spending

Harvard Corporate Governance

Posted by Bruce Freed and Jeanne Hanna, Center for Political Accountability, on Saturday, September 7, 2024 Editor's Note: Bruce F. Freed is President and Co-Founder and Jeanne Hanna is a Research Director at the Center for Political Accountability. This post is based on their CPA memorandum. What exactly is the scope and impact of corporate political spending?

Treasury 179
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Just Miles from Kroger’s Court Battle, a Food Desert Shows What’s at Stake

NYT M&A

Federal regulators are trying to block Kroger’s merger with Albertsons. In a Portland suburb, residents already know what deteriorating access to fresh food looks like.

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Cannabis Powerhouse Planet 13 Boosts Nevada Presence With $6.9M Dispensary Acquisition & New Growth Strategy

Benzinga

The vertically-integrated multi-state cannabis company Planet 13 Holdings Inc. (CSE: PLTH ) (OTCQX: PLNH ) announced on Thursday that it's acquiring a Las Vegas-based cannabis dispensary. What Happened : The company's wholly-owned subsidiary MM Development Company, Inc. has entered into an asset purchase agreement under which Planet 13 will acquire all assets required to operate a 3,158-square-foot Nevada dispensary.

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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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Innovation hubs: How GCCs are shaping the future of business

Mckinsey and Company

Global capability centers (GCCs) are rapidly evolving beyond their traditional roles as execution centers, becoming increasingly important as enterprise innovation hubs.

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Recap of the 2024 Say on Pay Season

Harvard Corporate Governance

Posted by Linda Pappas, Perla Cuevas, and Jose Lawani, Pay Governance LLC, on Tuesday, September 10, 2024 Editor's Note: Linda Pappas is a Principal, and Perla Cuevas and Jose Lawani are Consultants at Pay Governance LLC. This post is based on their Pay Governance memorandum. Key Takeaways The number of failed S&P 500 SOP proposals (n=4) is tied with an all-time low previously observed in 2015 Improvement in 1- and 3-year TSR performance ending in FY2023 compared to the prior period TSR per

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Google’s Ad Technology to Be Challenged in Second Antitrust Trial

NYT M&A

In a second antitrust trial that starts on Monday, the Justice Department has called for a breakup of the tech giant, which it says controls the vast majority of online advertising.

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Stakes Rising In The US-China AI Race

Global Finance

The intensifying competition between the United States and China over artificial intelligence (AI) is not merely an extension of their long-standing trade disputes; it is a critical battle that could reshape global power dynamics. Two recent developments have amplified the significance of this struggle: the war in Ukraine, which has vividly illustrated how AI, particularly in the form of AI-enhanced drones, can be weaponized, underscoring the technology’s lethal potential in modern warfare; and

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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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Revitalizing organizational health in the care delivery sector

Mckinsey and Company

The care delivery sector continues to navigate challenges following the height of the COVID-19 pandemic. Meaningfully improving organizational health will be crucial to optimizing performance.

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Dealing with Aging: Updating the Intel, Walgreens and Starbucks Stories!

Musings on Markets

A few weeks ago, I posted on the corporate life cycle , the subject of my latest book. I argued that the corporate life cycle can explain what happens to companies as they age, and why they have to adapt to aging with their actions and choices. In parallel, I also noted that investors have to change the way they value and price companies, to reflect where they are in the life cycle, and how different investment philosophies lead you to concentrated picks in different phases of the life cycle.

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GB News investor Paul Marshall seals £100m deal to buy Spectator

The Guardian M&A

Hedge fund tycoon is also in talks with RedBird IMI to acquire Daily and Sunday Telegraph Business live – latest updates Sir Paul Marshall has sealed a £100m takeover of the Spectator magazine as the backer of GB News completes the next stage of his ambition to control a significant swathe of the UK’s conservative and rightwing media outlets. Marshall, the hedge fund tycoon who already owns the UnHerd website, is also in the running to buy The Daily and Sunday Telegraph with the second round of

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CFO Corner With Groupe Berkem’s Anthony Labrugnas

Global Finance

Anthony Labrugnas has been the chief financial officer of Groupe Berkem, a France-based chemical group, for nearly 10 years. Berkem has been listed on the EuroNext since December 2021. Global Finance: What has been the most challenging time of the 10 years you have been CFO at Groupe Berkem? Anthony Labrugnas: The most challenging time as the financial head of Groupe Berkem was at the beginning, because of the company’s financial situation at that time.

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A new dawn for the technology officer

Mckinsey and Company

As companies strive to create value from AI, generative AI, and other rapidly evolving technologies, enterprise tech officers will make fundamental shifts in the way they operate.

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Finnish Sports Agency Seeks Over $1M For Broken NHL Deal

Law 360 M&A

A Finland-based sports management agency claims a Massachusetts man has engaged in an ongoing fraudulent scheme to avoid paying more than $1 million in arbitration awards he owes under a deal to represent Finnish players in the NHL.

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Vodafone-Three merger: tens of millions could face higher bills, says UK watchdog

The Guardian M&A

CMA fears customers least able to afford mobile services would be most affected by deal A proposed merger between the telecoms companies Vodafone and Three in the UK could lead to higher mobile bills for tens of millions mobile customers, the UK competition watchdog has warned. Announcing the provisional findings of its investigation into the deal, the Competition and Markets Authority (CMA) said it was particularly concerned that those customers least able to afford mobile services would be mos

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Corporate Treasurers Proceeding With Caution

Global Finance

Corporate treasury professionals are reassessing investment strategies to stay agile and conserve cash amid interest rate shifts and geopolitical uncertainty. Huge interest rate shifts and geopolitical uncertainties have prompted a major rethink by corporate treasurers as they steer their companies through an economic landscape that exposes them to risk and opportunity in equal measure.

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Five fundamental truths: How B2B winners keep growing

Mckinsey and Company

Our latest B2B Pulse Survey reveals that across all sectors and regions, market leaders continue to experiment, invest, and commit to omnichannel sales as the path to sustainable growth.

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Arthur Cox-Led Betting Biz Buys $350M Stake In Brazil Rival

Law 360 M&A

Sports betting giant Flutter Entertainment PLC said on Friday that it has bought a 56% stake in NSX Group, operator of Brazil's Betnacional gambling brand, for approximately $350 million as it looks to expand internationally.

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Sony Eyes $500M Deal for Pink Floyd's Iconic Music Catalog: Report

Benzinga

Sony Group Corp (NYSE: SONY ) is in advanced negotiations to acquire the music rights Pink Floyd recorded in a deal worth $500 million. It held 1.89 trillion Japanese Yen in cash and equivalents as of June-end. The catalog features iconic hits like “Money,” “Wish You Were Here,” and “Another Brick in the Wall.” The negotiation process got delayed due to personal differences between band members, including Roger Waters and David Gilmour, Financial Times cites.

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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by Pray Hard

Appraisers Blog

Hey, did any of you guys ever do appraisals for AAA Appraisal Advantage out of California? They left me holding a $400 hot check two or three years ago and now appear to be in oblivion. Just wondering.

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Technology alone is never enough for true productivity

Mckinsey and Company

Technology continues to change how we work, and gen AI is the latest, greatest disruptor. But real productivity happens only when companies holistically rethink how they do business.

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Vodafone-Three Deal Could Boost Users' Costs, UK Warns

Law 360 M&A

A proposed £16.5 billion ($21.7 billion) merger between Vodafone Group PLC and the telecommunications networks of Three UK could raise the cost of bills for tens of millions of mobile customers, Britain's antitrust authority warned Friday.

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Nippon Steel Unveils Union Talks Amid US Steel Acquisition Dispute

Benzinga

The latest development in the ongoing Nippon Steel (OTC: NPSCY ) acquisition controversy sees the company disclosing its discussions with the United Steelworkers union. The disclosure aims to clarify what the company refers to as “public mischaracterizations” of their dialogues to date. What Happened : On Wednesday, Nippon Steel shared details of its discussions with the United Steelworkers union regarding its proposed acquisition of U.S.

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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by Pray Hard

Appraisers Blog

Another big problem with the AMC’s is having to get caught up in their incessant chaos. It was bad enough when we dealt directly with lenders, but the AMC’s take the cake on wasting our time. I’ll get a bid. I’ll research it and the market, spend a morning doing those things. I’ll bid on it. Won’t hear back. Then days later, because, you know, time is of the essence, they say that they accepted my bid and will I send them a new due date.

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Asia–Pacific’s family office boom: Opportunity knocks

Mckinsey and Company

Banks, insurers, multi-family offices, and WealthTechs can serve the many family offices in Hong Kong and Singapore by using a framework focused on solutions, service, scalability, and security.

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Trio Of BigLaw Mergers Expected To Drive More Deal Talks

Law 360 M&A

After months of a relatively steady pace of law firm mergers and acquisitions, the trio of proposed BigLaw tie-ups announced in recent days will likely spur more firms towards entertaining similar deal talks, experts say.

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The Treasury Function Gets Strategic

Global Finance

New tools and techniques, including AI and ML, are helping treasurers to optimize cash flow—and giving them a bigger role in strategic business decision making. Not that long ago, corporate treasurer—the top slot in every company’s green-eyeshade corps—was about the last position most observers would tag as strategic. While the job has always had a strong risk-management component, the basic task was simple: making sure the company has cash available, when and where it’s needed.

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Comment on The Lack of Transparency in Appraiser Compensation by Dave

Appraisers Blog

When in Rome……… ! If you intend to stay with us, there is nothing wrong with working on the English language! Actually, bilingual gifted people have a tremendous advantage in life – Work on – “Hello, I am an appraiser and would like to make an appointment”! This is not rocket science! Think of poor Baggins who is so old he has to script it – LOL!!