NACD RECOGNIZES 175 CORPORATE DIRECTORS WHO NOW ARE EMPOWERED TO HELP THEIR BOARDS NAVIGATE CYBER RISKS
NACD, Ridge Global and Carnegie Mellon University’s CERT Division of the Software Engineering Institute celebrate the one-year anniversary of the world’s first and only cyber certificate designed to help board members enhance their cybersecurity literacy and strengthen their boards’ oversight practices
The Life-Cycle of Dual Class Firms
IPOs of dual class shares have become popular in the recent decade, following the lead of some technological "superstars", e.g. Google and Facebook. Firms adopting the dual class equity structure have at least two classes of common shares: high-voting-power shares, owned primarily by firm founders or controlling shareholders, and low-voting-power shares, held primarily by ordinary public investors.
Customers before tech
Melissa Clark-Reynolds talks disruptive business models, why board composition matters, and why it’s more important for the board to understand their organisation’s customers than new technology.“There are no disruptive technologies, just disruptive business models,” says Melissa Clark-Reynolds. Although most of us think about technology being a driver in itself for business development, Clark-Reynolds argues that good business decisions begin with considering the customer first. Technology is a tool, and disruption happens when a business sees an opportunity that others haven’t and do something different to address the needs of customers.
LEGO Sales Drop but family rebuilds for 2018
Revenue for the full year fell after more than a decade of strong growth to DKK 35 billion ($5.8 billion) from DKK 37.9 billion ($6.3 billion) in 2016. The decline came despite a Lego movie and Star Wars merchandise tie-ins and the royal opening of the Lego House family attraction last year.The toy giant said the decline was driven in part by its efforts to simplify and reduce the size of its organisation—“difficult actions” which were now completed. Lego cut its global workforce by 1,400 people (about 8%), mostly by the end of 2017.
What CEOs Need To Know About Embracing Digital Transformation
“Digital” has fundamentally changed consumer expectations. Great brands have two choices, they can radically transform their customer experience to make it digitally elegant, or they can cede a significant portion of their market to digital-first companies who are already doing it.However, many large enterprises struggle mightily launch and deliver this type of transformation due to a predictable set of five challenges to digital transformation. We’ll discuss what these key challenges are and what do you need to do about it.
Why Brexit Means UK Could Lose Out On VC And Private Equity Investment
Launched in 2009, the Venture Capital and Private Equity Country Attractiveness Index has shown practically no changes in the top three positions of the table in the past nine years: the US has taken the top spot in every edition, followed by the UK and Canada, for almost a decade. However, the authors anticipate a huge shake-up in the following two to three years, mainly driven by Brexit and its impact on the UK. The most direct and palpable effect will be a drop for the UK from 2nd to 6th position in the index.
China Tech Investing In U.S. Slows And Refocuses In Rough Currents
China investment in the U.S. tech companies cooled off considerably last year in the wake of growing frictions over security, control and debt issues. And this cross-border dealflow will likely decrease more this year as Chinese deal makers hone in on smaller, highly focused deals in emerging companies with much lower profiles rather than the headline-grabbing deals of recent years such as Uber, Lyft and Snap.
Toyota to tap its first female director
Toyota Motor is set to name the first woman to its board as part of a slate of three new outside directors.Teiko Kudo, a managing executive officer at Sumitomo Mitsui Banking Corp., will be the first female director if approved at the annual shareholder meeting in June.
ROTHSCHILD, BERKSHIRE, AND FAMILY FIRM MANAGEMENT
David de Rothschild, chairman of Rothschild & Co, is expected to set aside this year, to make way for his son and successor Alexandre.The Financial Times reported the change in leadership without attribution, and the bank declined to comment. The FT said Alexandre, executive deputy chairman, had been “groomed” for the chairmanship since he joined the bank in 2008. The leadership change was expected to take place in June.
Up for sale: German family businesses - but they need help
Many of Germany’s predominately family-owned Mittelstand businesses are likely to come under the hammer over the next ten years presenting a boom in mergers and acquisitions in Europe’s biggest economy. But these businesses will need help to navigate the sales process, says an M&A specialist.
Most Companies Have No CFO Succession Plan
The corporate finance field is renowned for its discipline, but there’s one area where CFOs display what might appear to be an extraordinary degree of complacency.In a new Korn Ferry survey of 740 finance chiefs, only 34% of them said a succession plan is in place for their role. And 81% of the respondents said there is no internal, “ready-now” successor.
Four reasons why family businesses fail
Many of the world’s most successful businesses are run by multigenerational families. Walmart, BMW and Samsung are three prominent examples. But while over 70% of Australian businesses are family run, only 30% survive the transition from first to second generation and just 12% making it to the third generation.What is it about family businesses that make them so susceptible to failure? The reasons are varied but there are some common themes that run through them. Here’s a list of four of those, along with actionable tips to assist in ensuring your family business prospers from one generation to the next.
As Spotify prepares to go public, there's no obvious solution to its shaky business model
Spotify announced plans to list as a public company.But it has yet to turn a profit, and with mounting music rights costs, a saturation of streaming services, and lack original content it faces major challenges.Some analysts say it has room to add paid subscribers, and it may have room to grow advertising and touring revenue.
Five Ways To Make Corporate Transformations Work
Transformation is a word rarely far from the lips of modern executives. Whether it is something they propose - often on being promoted to the top job - or something that is forced upon them by the threat of takeover, a sudden change in their market or moves by the increasingly busy "activist investors", a transformation is generally announced with great fanfare and bravado. Indeed, the very word conjures up images of wholesale and far-reaching changes, so it is hardly surprising that those who propose them tend to be full of confidence. And yet, as we frequently see, transformations are often not that successful.
Hong Kong Races To Bottom In Corporate Governance
The Hong Kong Stock Exchange (HKSE) has issued its latest proposal to weaken corporate governance standards in order to attract Chinese listings that have gone to the US. The US has won most of the listings of China's privately held companies, including bellwethers Alibaba, Baidu and Sina.
Small family jewellers face succession troubles
Tom Green first joined Charles Green, a family-run jeweller that has been in business for nearly 200 years, as a summer job while he was still in school. Now Mr Green, 63, is chairman but says his children — a science graduate and a university student — “won’t ever go into the business”.Family businesses that depend on skill and craftsmanship are struggling to hand over to the next generation, and some experts are warning that small, UK-based family-owned jewellers in particular are facing succession troubles.
A Fundamental New Business Model And Diversification Should Make Microvision Profitable In 2019
This article describes the recent change of the business model of Microvision (MVIS) that allows more predictable business and more reliable profit forecasts. First, it explains why the previous business model failed. Second, it clarifies the new business model and why it should be more successful and lead soon to profits. This shows that Microvision is now a good long investment for the next 12 months. Because of likely upcoming profits and the end of the dilution in sight, the risk holding this stock also should now be lower than in the past.
Private Equity: Overvalued and Overrated?
America is in the grips of a speculative frenzy. Investment bankers, private investment firms, and even a few dozen recently graduated MBAs labelling themselves “searchers” are calling, emailing, wining, and dining small business owners. Their goal is to translate prosaic small businesses into the poetry of private equity.The great postcrisis private equity gold rush is on, fueled by cheap debt and enthusiastic investors.
Singapore Must Appoint 130 New Female Directors Each Year to Reach 2020 Board Diversity Goal: Grace Fu
SINGAPORE is still far from reaching the Diversity Action Committee's (DAC) target of having a 20 per cent female representation on the boards of listed companies here by 2020, going by data released on Friday. Figures from the DAC showed that females held a 12.2 per cent share of board seats among the top 100 listed firms in Singapore as at June last year, while the total representation of women on all companies listed in Singapore was 10.3 per cent. To achieve the 20 per cent goal - set by DAC in 2016 to address the under-representation of women on corporate boards here - an additional 130 female directors will have to be appointed each year from now until 2020, said Minister for Culture, Community and Youth Grace Fu.
Why Family-Business Entrepreneurs Should Embrace Private Equity Funding
Private equity investments can serve as catalysts for growth and product development for family-business entrepreneurs by helping bring precision and accountability to those companies. On the other hand, PE firms understand the importance of good governance and can help such companies implement strategies such as a value-added and independent board of directors, audit and compensation committees or even conduct third-party reviews of existing strategies. Moreover, family businesses can benefit from PE firms’ expertise in the areas of strategic planning, financial management and controls and shoring up companies for sustained success. Most PE firms maintain relatively small portfolios, so they can invest significant resources into engaging their companies and working with them on value creation and long-term planning. By instituting top-to-bottom incentive programs, private equity firms can drive increased productivity throughout the organization.
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