Sat.Jul 29, 2023 - Fri.Aug 04, 2023

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Comment on Fighting for Consumer Protection & the Appraisal Industry by Dave

Appraisers Blog

supply and demand – free money is gone which provided huge appraisal fees, 6-7% money is called huge slow down and the rush is OVER. I’m sure I am not the only one who realizes this. Hope you put some of those huge profits away.

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Prudential Property Value: Our Efforts to Ensure Transparency and Consistency

IVSC

Drawing the conclusions from the global financial crisis, the Basel Committee on Banking Supervision (BCBS) published in December 2017 new requirements for the valuation of real estate for lending purposes in the context of the so-called ‘Standardised Credit Risk Assessment Approach’ (SCRA). It reads: The valuation must be appraised independently using prudently conservative valuation criteria.

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Do Activists Beat the Market?

Harvard Corporate Governance

Posted by Mary Ann Deignan, Rich Thomas, and Kathryn Night, Lazard, on Tuesday, August 1, 2023 Editor's Note: Mary Ann Deignan is Head of Capital Markets Advisory, and Rich Thomas and Kathryn Night are Managing Directors in the Capital Markets Advisory group at Lazard. This post is based on a Lazard memorandum by Ms. Deignan, Mr. Thomas, Ms. Night, Leah Friedman and Pavan Surabhi.

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How feed supplements can reduce methane emissions in agriculture

Mckinsey and Company

New products can help suppress the enzyme that combines hydrogen and CO2 to form methane. Increasing the adoption of these products could significantly reduce the industry’s footprint.

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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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Accounting firm specialization: Unleashing the power of focused expertise

ThomsonReuters

In the rapidly evolving landscape of the tax and accounting industry, specialization has emerged as a solid differentiator, providing firms with a distinct competitive edge. As clients’ needs become more diverse and complex, offering cookie-cutter services is no longer sufficient. Instead, firms are embracing specialization to tailor their expertise and solutions to match the unique requirements of their target clients. 1.

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$40M Cannabis Redevelopment Site In Pontiac Michigan Ends In Massive Federal Lawsuit

Benzinga

A huge cannabis development site is up for sale as Pontiac and the property's developer battle it out in federal court. The bitter litigation marks the likely end to a $40 million development plan that sought to turn an abandoned Kmart into a site for cannabis and other retail businesses. In addition to the legal kerfuffle, allegations of bribery by the city's current administration against previous officials, including a former mayor have seeped out.

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Indian banks: Building resilient leadership

Mckinsey and Company

Indian banks have shown strength in the recent global banking turmoil. However, times remain uncertain—banks could develop multi-dimensional resilience capabilities to thrive in the future.

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Comment on AMC Engagement Letter: Appraisers Do Not Include Your Invoice by Baggins

Appraisers Blog

In reply to Spencer Paul. Pepsi challenge; Name one single amc who is transparent with their billing, and bills for the amc management service separately from the appraiser. Myself and about forty thousand other currently licensed appraisers would jump right back into amc work if that was the case. Our absence proves there is no such thing as a transparent amc when it comes to ethical, fair, and transparent billing processes.

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How advancements in technology can impact your firm’s profitability

ThomsonReuters

These questions can be related to changes in regulatory and compliance standards , ESG , and general business advice. As a result of the explosion of new tools and software available, accounting firms have a significant opportunity to improve their reputational status through enhanced advisory service offerings. The industry is already seeing a trend toward client service expanding beyond the scope of tax reporting to stakeholder reporting, tax optimization advice, and business performance analy

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Climate Change as Unjust Enrichment

Harvard Corporate Governance

Posted by Maytal Gilboa (Bar-Ilhan University), Yotam Kaplan (Bar-Ilhan University), and Roee Sarel (University of Hamburg), on Tuesday, August 1, 2023 Editor's Note: Maytal Gilboa is an Assistant Professor at the Faculty of Law at Bar-Ilhan University, Yotam Kaplan is an Assistant Professor at the Faculty of Law at Bar-Ilhan University, and Roee Sarel is Junior Professor of Private Law and Law & Economics at the University of Hamburg.

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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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Are middle managers your next ace in the hole?

Mckinsey and Company

Middle managers: they’re beleaguered. Maligned. Miscast. But new research reveals the clear competitive advantage the best middle managers bring—and the vital role they stand to play in the future of work.

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What's Going On With Walt Disney Stock Thursday?

Benzinga

Walt Disney Co (NYSE: DIS ) is trading lower Thursday amid reports of CEO Bob Iger roping in former executives Kevin Mayer and Tom Staggs to figure out ESPN as its dismal revenue weighs on the company. Iger's trusted Mayer and Staggs, co-CEOs of Candle Media, are working with ESPN President Jimmy Pitaro on the strategic options for ESPN and, to a lesser degree, Disney's other linear cable networks, CNBC reports.

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Top 10 tips for successful accounting firm recruitment

ThomsonReuters

It takes a combination of insight and determination to recruit the right talent for your accounting firm. Recently, respondents to the 2023 State of the Tax Professionals Report shared their top ten tips for a successful accounting firm recruitment strategy. If you also want to ensure that your firm is staffed with the most capable and experienced professionals, here are some priorities to keep in mind. 1.

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ESG Mid-Year Review: Key Trends in 2023 Thus Far

Harvard Corporate Governance

Posted by Marc S. Gerber, Greg Norman, and Simon Toms, Skadden, Arps, Slate, Meagher & Flom LLP, on Monday, July 31, 2023 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, Boris Bershteyn , Tansy Woan and Kathryn Gamble.

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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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Author Talks: How minor stresses add up to epic fails

Mckinsey and Company

Every day stress: All of us experience it, but top performers manage it differently. Rob Cross talks about the ways small strains and nuisances accumulate to thwart well-being and productivity—and what to do about it.

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Billion-Dollar Threat To Cannabis Industry: A Pathogen That Decreases Weed Potency Could Quickly Wipe Out Revenue

Benzinga

A pathogen called HLVd, or hop-latent viroid, is contaminating cannabis crops across the country, threatening to wreak billions of dollars in losses just as legal marijuana is taking off, warned the Wall Street Journal on Saturday, highlighting a frightening fact that the industry has begun to seriously grapple with lately. HLVd can severely reduce the potency of cannabis, a process known as “dudding.

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Keeping staff happy: 4 ways firms can attract and retain accounting talent

ThomsonReuters

Thomson Reuters set out to answer that question by surveying more than 100 CPAs who are currently employed as accountants. The results show that tax and accounting professionals know exactly what they want in an employer—and here’s how firms can heed the call. 1. Financial stability There’s no question that money talks—and the accounting profession is no exception.

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?ESG Mid-Year Review: Expectations for the Remainder of 2023

Harvard Corporate Governance

Posted by Marc S. Gerber, Greg Norman, and Simon Toms, Skadden, Arps, Slate, Meagher & Flom LLP, on Wednesday, August 2, 2023 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, Boris Bershteyn , Tansy Woan and Kathryn Gamble.

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Prepare now for the AI-powered future of work

Avanade

Find out how to prepare your workplace environment for a quick, successful adoption of Microsoft 365 Copilot – and get ready for a new wave of personal productivity.

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Author Talks: Empower employees, reduce turnover

Mckinsey and Company

Zeynep Ton, president of the Good Jobs Institute, highlights an operating model that improves customer and employee retention, fosters resilience, and drives purpose.

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Comment on The Nightmarish End of Home Appraisals by John Beitzel

Appraisers Blog

In reply to Dan. I am looking out my beach front hotel resort balcony at a stunningly beautiful picture perfect view of the clear blue ocean and picturesque mountains on the Island of Phuket, Thailand. My wife and I have been traveling for almost 7 months. I was still appraising in mid-2022. After 33 years appraising, I am happy to be retired and out of appraising.

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Supplemental Disclosures to Be “Plainly Material” to Justify Mootness Fee Awards

Harvard Corporate Governance

Posted by Andre G. Bouchard, Geoffrey R. Chepiga, and Jaren Janghorbani, Paul, Weiss, Rifkind, Wharton & Garrison LLP, on Tuesday, August 1, 2023 Editor's Note: Andre G. Bouchard , Geoffrey R. Chepiga , and Jaren Janghorbani are Partners at Paul, Weiss, Rifkind, Wharton & Garrison LLP. This post is based on a Paul Weiss memorandum by Mr. Bouchard, Mr.

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Retail sector accounted for 16% of UK administrations in 2023, analysis reveals

Accountancy Today

The retail sector accounted for 16% of administrations in the first six months of 2023 – the highest industry in the UK, according to analysis by full-service law firm Shakespeare Martineau. A total of 759 businesses, 118 of which came from the retail sector, filed for administration between 1 January and 30 June 2023, marking a 22% increase compared with 2022.

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The McKinsey Crossword: Either Way You Look at It | No. 139

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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Comment on The Nightmarish End of Home Appraisals by Fitz Turner

Appraisers Blog

On a very basic level, I was driving my wife and in-laws, a retired high school teacher and two college professors, around some neighborhoods and mentioned that I have recently received instructions that I may no longer refer to Master Bedroom or Master Bath, as they are racist. One suggested we use most desirable bedroom, I said I may not use desirable, it is racist.

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How Directors Can Optimize Shareholder Engagement in 2023

Harvard Corporate Governance

Posted by Kris Pederson, EY, on Wednesday, August 2, 2023 Editor's Note: Kris Pederson is Leader at the EY Americas Center for Board Matters. This post is based on her NACD piece. In today’s proxy landscape, investor engagement is increasingly key to understanding and addressing shareholder voting outcomes and potential areas of vulnerability that activists could exploit.

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Your Tax Obligations as an Employer

Machen McChesney

You need time and energy to run and grow your business, so you've outsourced your payroll process. You decided to go with a third-party payroll provider to handle some or all of your employment tax duties.

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HBox raises $2.1M to transform healthcare with its integrated virtual-first care platform

Lighter Capital

When done right, , virtual-first care benefits both patients and clinicians, creating better patient experiences while improving workflows within clinics and hospitals. It’s patient-centric and problem-oriented, and that’s starkly different from the telehealth experiences that are standard for most virtual healthcare today. The pandemic caused a seismic shift in the need for virtual in-home healthcare — HBox , founded in 2021, quickly stepped up to meet this demand and solve a tough problem with

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Comment on PAREA Program & Its Negative Impact on Diversity by don

Appraisers Blog

In reply to Chuck Minzenberger on Facebook. More government: means greater loss of Appraisers contracting ability. Our ability to choose our clients, rather than the People to assume who our clients is wrong. We wont be able to protect ourselves in what ever kind of R.E. we agree too. We automatically are wrong when we project a down market, we are wrong when we do an estimate of H.&;B. use, if it differs from zoning, no mater what the evidence.

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Reviewing Board Action Interfering With Director Elections or Stockholder Voting Rights in Control

Harvard Corporate Governance

Posted by Jonathan Youngwood, Craig Waldman, and Stephen Blake, Simpson Thacher & Bartlett LLP, on Sunday, July 30, 2023 Editor's Note: Jonathan K. Youngwood is Partner and Global Co-Chair of Simpson Thacher’s Litigation Department, and Craig Waldman and Stephen Blake are Partners at Simpson Thacher & Bartlett LLP. This post is based on a Simpson Thacher & Bartlett LLP memorandum by Mr.

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Leading through uncertainty in the energy and materials sectors

Mckinsey and Company

Designing a strategy that is robust under a range of future scenarios can help energy and materials companies create value in volatile times.

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3 first steps to changing a company culture

JPAbusiness

We’ve enjoyed insights from some great business experts since starting our ebook and blogging journey a decade ago. One of those experts is international executive coach and leadership trainer Kevin Catlin , and it was a delight to welcome him back this year to help launch our new podcast , Let’s Talk Business with James Price. One of Kevin’s areas of expertise is understanding and developing a positive business culture.

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Comment on The Nightmarish End of Home Appraisals by Baggins

Appraisers Blog

In reply to no. The beneficial miracles of desirable well kept automation creating prestigious new software integrations. Or you can do clever things like mis spell certain wordzs with a z in them too. The students are happy to change the language rooted in the criminal patriarchy, installing a never ending series of ever increasing prohibitions to keep us safe from advantageous free thinking and preferable free expression in traditional homogeneous America.

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House ESG Working Group Takes on Shareholder Proposal Process

Harvard Corporate Governance

Posted by Cydney S. Posner, Cooley LLP, on Saturday, July 29, 2023 Editor's Note: Cydney S. Posner is Special Counsel at Cooley LLP. This post is based on her Cooley memorandum. Related research from the Program on Corporate Governance includes Social Responsibility Resolutions (discussed on the Forum here ) by Scott Hirst. “ESG month” may not be exactly what you think.