Presented by Nate Curran and Greg Bullock of the Center for Entrepreneurial Innovation (CEI), this presentation is the definitive resource for entrepreneurs and startups who want to know more about business incubators, accelerators and coworking spaces. It shares the differences and similarities as well as answers questions such as "how do I know what is right for my business" and "how do I maximize my experience." Download the full kit at http://info.ceigateway.com/phxsw2016.
Presenting the results of the 4th annual CIONET IT Trends, based on +2500 global responses, of which +800 European.
The study shows that, overall, IT is becoming more strategic and business focused. It appears that organizations are becoming more digitized with their focus shifting away from tactical and organizational IT issues like efficiency, service delivery, and cost reduction to more strategic and organizational priorities like business agility, innovation, the velocity change in the organization, IT time to market, and the value of IT to the business. Some suggest that IT is the business. Time will tell if this is a widespread trend, but it is here now among global and European organizations, and it is confirmed by a corresponding shift in how CIOs are spending their time.
Analytics/Business Intelligence (A/BI) remains in first place as the largest IT investment, a ranking it has held for six years straight. It has ranked in the top three since 2003, when it was first added to the list. A/BI was selected by 801 organizations
Comprehensive Report:
GT Events & Program Guide: ForwardThinking August/September 2017Grant Thornton LLP
ForwardThinking is a look ahead at the latest knowledge and insights available from Grant Thornton LLP. It includes a collection of our research, thought leadership and a schedule of upcoming webcasts and events.
Digital Disruption in Asset and Wealth ManagementCapgemini
The groundswell that is today impacting massively retail banking is now impacting all banking businesses. Opportunities offered by new digital technology such as Big data & analytics have not been fully explored yet by Asset & Wealth Management actors, and new technologies are mainly confined to improve shared platforms and reporting flexibility. But the turn might come soon now with the aggressive launches of Fintechs investing all parts of the banking business, including its most exclusive territories.
Asset and Wealth Management might be the next targets, facing the up-rise of new Robo-Advisors quickly gaining market
share on their devoted playground until now.
Traditional Asset and Wealth Managers should anticipate and react, building on their knowledge and assets in order to contain this new trend but this will require that they adapt and probably more globally rethink their business model, to avoid the commoditization of their activity.
The aim of this document is to present how Asset and Wealth Managers can take advantage of the digital revolution / emergence of Fintechs to become more competitive and attract more clients.
Innovation and digital disruption in professional servicesTapmint
This is a presentation for http://tapmint.com which I gave internally at one of the world's largest professional services firms. It discusses digital disruption in financial services, professional services and accounting services.
Various models of corporate innovation are also highlighted. Case studies of 3 companies are provided - Suncorp Group, Sensis and Carsales. Finally, I provide some thoughts on implementation.
Presented by Nate Curran and Greg Bullock of the Center for Entrepreneurial Innovation (CEI), this presentation is the definitive resource for entrepreneurs and startups who want to know more about business incubators, accelerators and coworking spaces. It shares the differences and similarities as well as answers questions such as "how do I know what is right for my business" and "how do I maximize my experience." Download the full kit at http://info.ceigateway.com/phxsw2016.
Presenting the results of the 4th annual CIONET IT Trends, based on +2500 global responses, of which +800 European.
The study shows that, overall, IT is becoming more strategic and business focused. It appears that organizations are becoming more digitized with their focus shifting away from tactical and organizational IT issues like efficiency, service delivery, and cost reduction to more strategic and organizational priorities like business agility, innovation, the velocity change in the organization, IT time to market, and the value of IT to the business. Some suggest that IT is the business. Time will tell if this is a widespread trend, but it is here now among global and European organizations, and it is confirmed by a corresponding shift in how CIOs are spending their time.
Analytics/Business Intelligence (A/BI) remains in first place as the largest IT investment, a ranking it has held for six years straight. It has ranked in the top three since 2003, when it was first added to the list. A/BI was selected by 801 organizations
Comprehensive Report:
GT Events & Program Guide: ForwardThinking August/September 2017Grant Thornton LLP
ForwardThinking is a look ahead at the latest knowledge and insights available from Grant Thornton LLP. It includes a collection of our research, thought leadership and a schedule of upcoming webcasts and events.
Digital Disruption in Asset and Wealth ManagementCapgemini
The groundswell that is today impacting massively retail banking is now impacting all banking businesses. Opportunities offered by new digital technology such as Big data & analytics have not been fully explored yet by Asset & Wealth Management actors, and new technologies are mainly confined to improve shared platforms and reporting flexibility. But the turn might come soon now with the aggressive launches of Fintechs investing all parts of the banking business, including its most exclusive territories.
Asset and Wealth Management might be the next targets, facing the up-rise of new Robo-Advisors quickly gaining market
share on their devoted playground until now.
Traditional Asset and Wealth Managers should anticipate and react, building on their knowledge and assets in order to contain this new trend but this will require that they adapt and probably more globally rethink their business model, to avoid the commoditization of their activity.
The aim of this document is to present how Asset and Wealth Managers can take advantage of the digital revolution / emergence of Fintechs to become more competitive and attract more clients.
Innovation and digital disruption in professional servicesTapmint
This is a presentation for http://tapmint.com which I gave internally at one of the world's largest professional services firms. It discusses digital disruption in financial services, professional services and accounting services.
Various models of corporate innovation are also highlighted. Case studies of 3 companies are provided - Suncorp Group, Sensis and Carsales. Finally, I provide some thoughts on implementation.
A hedge fund just bought 5 percent of your company. The fund partners clearly see value in what you’re doing, and, as a member of the management team, you take heart in that assessment. But you also know life is about to get more difficult. The fund partners are well-known activists. They have already asked for board seats. Now they’re proposing some dramatic strategic and financial changes, confidently assuring you and your shareholders that these moves will drive the company’s stock price higher. If you don’t comply and boost margins in a timely fashion, they will quickly bring in a management team that will.
For many company leaders, this is not a scary hypothetical — it is reality. It may also be an opportunity. In any case, activist shareholder campaigns are proliferating. According to the journal Activist Insight, 300 companies around the world were publicly targeted by activist investors between January and June 2015, about 25 percent more than in the same months the previous year. Since 2013, hedge fund managers have demanded change at hundreds of companies. The most widely publicized have included Apple, DuPont, General Motors, Microsoft, PepsiCo, Sony, Sotheby’s, and Yahoo.
One reason activism is growing is the rich rewards it earns for investors. On average, hedge funds with an activist approach have outperformed most other types of investment funds since 2010. The data analysis firm Hedge Fund Research reported recently that activist funds returned 12.5 percent a year between August 2012 and August 2015, while other funds, on average, earned returns in the single digits. No wonder investors increasingly demand activist funds in their portfolios, while the managers of those funds search diligently for new targets. No one can assume his or her company is immune.
We've distilled 10 principles for cost transformation that can help companies play the role of gadfly investor for themselves.
ForwardThinking is a look ahead at the latest knowledge and insights available from Grant Thornton LLP. It includes a collection of our research, thought leadership and a schedule of upcoming webcasts and events.
CIO Insights from the Global C-suite StudyCasey Lucas
Moving from the back office to the front lines - CIO insights from the Global C-suite Study
CIOs tell us that their place in the organizational pyramid has changed in the past five years. Many of them command more respect and possess more authority than before and they are working more closely with their C-suite colleagues.
An analysis on the talent acquisition technology market detailing growth areas, funding trends, and exits. Detail on where VCs are seeing most traction
Marketers are planning big spend increases in social, mobile, and analytics but many need to change their marketing model to ensure these investments pay off. https://cmo.deloitte.com/xc/en/pages/solutions/cmosurvey.html
Why should you attend the 10th WeDo Technologies' Worldwide User Group? Check the complete list of speakers and agenda for this year special edition.
Learn more at: http://www.wedotechnologies.com/en/worldwideusergroup
GT Events and Program Guide is a look ahead at the latest knowledge and insights available from Grant Thornton LLP. It includes a collection of our research, thought leadership and a schedule of upcoming webcasts and events.
Therefore in order to acknowledge some of the greatest contributors of excellence in the remittance services space, Insights Success has shortlisted “The 10 Most Trusted Remittance Service Providers, 2018”
An overview of the Human Capital Management Market by Solution report. Human Capital Management Market by Solution (Core HR, Workforce Management, Compensation Management, Performance Management, Recruiting, Learning Management, Employee Collaboration and Engagement), by Industry Verticals , & by Region - Global Forecast to 2019
Biotechnology, pharmaceutical, healthcare technology, medical device, and research and development service organizations face a myriad of financial, operational, regulatory, and capital raising challenges.
A hedge fund just bought 5 percent of your company. The fund partners clearly see value in what you’re doing, and, as a member of the management team, you take heart in that assessment. But you also know life is about to get more difficult. The fund partners are well-known activists. They have already asked for board seats. Now they’re proposing some dramatic strategic and financial changes, confidently assuring you and your shareholders that these moves will drive the company’s stock price higher. If you don’t comply and boost margins in a timely fashion, they will quickly bring in a management team that will.
For many company leaders, this is not a scary hypothetical — it is reality. It may also be an opportunity. In any case, activist shareholder campaigns are proliferating. According to the journal Activist Insight, 300 companies around the world were publicly targeted by activist investors between January and June 2015, about 25 percent more than in the same months the previous year. Since 2013, hedge fund managers have demanded change at hundreds of companies. The most widely publicized have included Apple, DuPont, General Motors, Microsoft, PepsiCo, Sony, Sotheby’s, and Yahoo.
One reason activism is growing is the rich rewards it earns for investors. On average, hedge funds with an activist approach have outperformed most other types of investment funds since 2010. The data analysis firm Hedge Fund Research reported recently that activist funds returned 12.5 percent a year between August 2012 and August 2015, while other funds, on average, earned returns in the single digits. No wonder investors increasingly demand activist funds in their portfolios, while the managers of those funds search diligently for new targets. No one can assume his or her company is immune.
We've distilled 10 principles for cost transformation that can help companies play the role of gadfly investor for themselves.
ForwardThinking is a look ahead at the latest knowledge and insights available from Grant Thornton LLP. It includes a collection of our research, thought leadership and a schedule of upcoming webcasts and events.
CIO Insights from the Global C-suite StudyCasey Lucas
Moving from the back office to the front lines - CIO insights from the Global C-suite Study
CIOs tell us that their place in the organizational pyramid has changed in the past five years. Many of them command more respect and possess more authority than before and they are working more closely with their C-suite colleagues.
An analysis on the talent acquisition technology market detailing growth areas, funding trends, and exits. Detail on where VCs are seeing most traction
Marketers are planning big spend increases in social, mobile, and analytics but many need to change their marketing model to ensure these investments pay off. https://cmo.deloitte.com/xc/en/pages/solutions/cmosurvey.html
Why should you attend the 10th WeDo Technologies' Worldwide User Group? Check the complete list of speakers and agenda for this year special edition.
Learn more at: http://www.wedotechnologies.com/en/worldwideusergroup
GT Events and Program Guide is a look ahead at the latest knowledge and insights available from Grant Thornton LLP. It includes a collection of our research, thought leadership and a schedule of upcoming webcasts and events.
Therefore in order to acknowledge some of the greatest contributors of excellence in the remittance services space, Insights Success has shortlisted “The 10 Most Trusted Remittance Service Providers, 2018”
An overview of the Human Capital Management Market by Solution report. Human Capital Management Market by Solution (Core HR, Workforce Management, Compensation Management, Performance Management, Recruiting, Learning Management, Employee Collaboration and Engagement), by Industry Verticals , & by Region - Global Forecast to 2019
Biotechnology, pharmaceutical, healthcare technology, medical device, and research and development service organizations face a myriad of financial, operational, regulatory, and capital raising challenges.
Kapitalized is an ICO adviser focusing on deal and commercial strategy, financial modelling, token structuring and token mechanics. We project manage your ICO and act as lead advisers.
On Thursday, December 2nd, Mr. Alan Stewart presented at Watkins Meegan's Monthly Lunch & Learn Series that takes place at the Tower Club in Tyson's Corner, VA. Mr. Stewart spoke about "CFO M&A Strategies & Experiences" to a packed room. As the former CFO of ICF, Mr. Stewart helped grow the company's annual revenue six-fold and completed 10 acquisitions successfully. To attend a Watkins Meegan Lunch & Learn email Andrea Contres at Andrea.Contres@WatkinsMeegan.com.
The challenges to proper corporate governance emanating from a fast-changing regulatory world and the requirement for timely and accurate performance reporting and disclosure by both shareholders and the competitive market landscape means that corporate leadership is underenormous pressure to deliver within a tightly-confined space.
This has been prepared a business coach who gives finance training to corporate. This is for a more informal set up/ audience as it includes more colors, themes, images and less of text.
SEC Update: Virtual Organizations and the SEC - July 2017Christina Gagnier
On July 25, 2017, the United States Securities and Exchange Commission (SEC) issued an investigative report regarding the sales of digital assets by virtual organizations through offers and sales that have come to be known as “Initial Coin Offerings” and “Token Sales.”
In Release No. 81207, “Report of Investigation Pursuant to Section 21(a) of the Securities and Exchange Commission Act of 1934: The DAO,” the SEC gives its first guidance as to whether or not it may view initial coin offerings and token sales as a security offering. The following provides a brief overview of the SEC’s report.
Guide to Prospective European Union - United States Privacy Shield ProgramChristina Gagnier
Our firm has prepared an overview of the prospective European Union – United States Privacy Shield program. As of today’s date, this program has yet to go into effect. Original projections had this program slated to begin in Summer 2016, as detailed below, but the Privacy Shield was formally adopted as of July 11, 2016.
As our firm receives further information about the approval and implementation of this program, our firm is ready to work with your company to execute the proper procedures for compliance.
European Union Privacy Law - General Data Protection Regulation ChecklistChristina Gagnier
Get ready for GDPR compliance. Our firm has created this European Union Privacy Law - General Data Protection Regulation Checklist to jumpstart the process. Contact @gamallp or Christina Gagnier at gagnier@gamallp.com to learn more.
Borrow GAMA's privacy team as your CPO for the evening with a review of compliance with domestic and international privacy and security law. Get your company ready for changes in California in 2014 as well as what may be on the horizon in the privacy and security space.
Check out our presentation on everything you need to know to start your business. Part of the workshop was covered in this Inc.com piece: http://www.inc.com/laura-montini/why-you-should-consider-a-founders-agreement.html
The move by many schools to adopt cloud-based data storage and data analytics solutions is unsurprising, since schools can generate significant pedagogical value through use of these technologies. With these rewards come broad risks associated with legal and regulatory data privacy compliance. Given the slew of recent retail industry data breaches making national headlines, the risks of data collection and storage are immediately apparent. With data privacy on everyone’s mind, there has never been a better time for school administrators to fully evaluate and address their student data privacy policies.
GAMABrief: What Every School Needs to Know About Copyright LawChristina Gagnier
Technology in the classroom is nothing new, but with the rise of smartphones, smart boards and tablet computing, the way teachers and students use and engage with media continues to grow and evolve. Any time educational content is used, shared or created, whether by teachers or by students, IP laws and, specifically, copyright laws, are implicated. Administrators, teachers and students must all be aware of what activity is freely permissible under U.S. Copyright Law, and what sort of activities might run afoul of the law.
GAMAByte: The Legal Ramifications of Going 3D (Printing, That is)Christina Gagnier
3D printing has been around since the early 1980s, but over the last several years has gained widespread attention as costs have dropped and access to the technology has grown. While it is possible to surmise what areas of law may be most implicated by broad adoption of 3D printing, one can only guess how their application might shape the future of manufacturing.
GAMABrief: Preparing for the Capital Gains Tax HikeChristina Gagnier
Tax season is just around the corner and changes to the capital gains tax rates will affect taxpayers filing their returns at the beginning of 2014. If you sold capital assets during 2013, you might be subject to the increased rates. This brief provides important information on preparing for the capital gains tax hike.
Capital gains tax is the tax on capital asset profits—the profit made from selling an item bought for personal investment. On January 1, 2013, the government passed the American Taxpayer Relief Act of 2012 (ATRA). The ATRA added a top federal income bracket of 39.6% and increased the long-term capital gains tax rate to 20% starting in the 2013 tax year.
Car Accident Injury Do I Have a Case....Knowyourright
Every year, thousands of Minnesotans are injured in car accidents. These injuries can be severe – even life-changing. Under Minnesota law, you can pursue compensation through a personal injury lawsuit.
ALL EYES ON RAFAH BUT WHY Explain more.pdf46adnanshahzad
All eyes on Rafah: But why?. The Rafah border crossing, a crucial point between Egypt and the Gaza Strip, often finds itself at the center of global attention. As we explore the significance of Rafah, we’ll uncover why all eyes are on Rafah and the complexities surrounding this pivotal region.
INTRODUCTION
What makes Rafah so significant that it captures global attention? The phrase ‘All eyes are on Rafah’ resonates not just with those in the region but with people worldwide who recognize its strategic, humanitarian, and political importance. In this guide, we will delve into the factors that make Rafah a focal point for international interest, examining its historical context, humanitarian challenges, and political dimensions.
Military Commissions details LtCol Thomas Jasper as Detailed Defense CounselThomas (Tom) Jasper
Military Commissions Trial Judiciary, Guantanamo Bay, Cuba. Notice of the Chief Defense Counsel's detailing of LtCol Thomas F. Jasper, Jr. USMC, as Detailed Defense Counsel for Abd Al Hadi Al-Iraqi on 6 August 2014 in the case of United States v. Hadi al Iraqi (10026)
NATURE, ORIGIN AND DEVELOPMENT OF INTERNATIONAL LAW.pptxanvithaav
These slides helps the student of international law to understand what is the nature of international law? and how international law was originated and developed?.
The slides was well structured along with the highlighted points for better understanding .
In 2020, the Ministry of Home Affairs established a committee led by Prof. (Dr.) Ranbir Singh, former Vice Chancellor of National Law University (NLU), Delhi. This committee was tasked with reviewing the three codes of criminal law. The primary objective of the committee was to propose comprehensive reforms to the country’s criminal laws in a manner that is both principled and effective.
The committee’s focus was on ensuring the safety and security of individuals, communities, and the nation as a whole. Throughout its deliberations, the committee aimed to uphold constitutional values such as justice, dignity, and the intrinsic value of each individual. Their goal was to recommend amendments to the criminal laws that align with these values and priorities.
Subsequently, in February, the committee successfully submitted its recommendations regarding amendments to the criminal law. These recommendations are intended to serve as a foundation for enhancing the current legal framework, promoting safety and security, and upholding the constitutional principles of justice, dignity, and the inherent worth of every individual.
Conducting an Initial Coin Offering: Costs and Considerations
1. Costs and Considerations of an ICO: A Compliance Perspective
July 2017
Conducing an Initial Coin Offering (ICO) is the process of
taking your venture through the steps of:
• Gathering the necessary financial, marketing, and
business information;
• Determining the optimal tax and legal structure;
• Filing applicable forms with regulators, such as the
Securities and Exchange Commission, when
seeking appropriate exemptions, such as
Regulation D and Regulation S exemptions; and
• Marketing the business and selling the
tokens/coins to potential purchasers.
The ICO process continues until purchasers receive the
value for their tokens. Conducting an ICO is the process
of transforming the organization so that it can operate
publicly with accountability and transparency.
Among the many tasks involved are:
• Upgrading, sustaining, or enhancing financial
reporting capabilities;
• Creating an investor relations function; and
• Meeting the governance, reporting, and internal
procedures.
A comprehensive understanding of the costs involved
with an ICO includes the costs associated with both
taking the ICO to the public and then delivering on the
ICO post-offering.
Timeline of the ICO Process
There are many different costs associated with an ICO. It
is important to understand the nuances and unique
complexities that companies face during the ICO process.
While offering costs vary, as discussed below, a well-
prepared company is better able to mitigate the additional
expenses and time commitments that could push the ICO
process off course.
Offering costs of an ICO correlate positively with a
company’s revenue. In particular, legal and accounting
costs, areas where larger companies or larger offerings
may face additional complexities in preparing for an ICO,
increase significantly for larger companies or larger
offering. Not surprisingly, fees paid to legal counsel also
increase with the size of an offering.
IPO v. ICO
For comparison’s sake, the average cost of legal
services for an initial public offering (IPO) varies
from $500,000 to $2.5M USD with an offering range
from $10M to upwards of $300+M. For instance,
companies with revenues between $501M and $1B
incurred legal-related fees ranging from
approximately $200,000 to $7.5M, with an average
of approximately $2.6M.
In addition to systematically preparing for an ICO through
a readiness assessment, which can anticipate and prepare
for surprises, companies may be able to control costs in a
number of ways.
A best practice is to identify an individual, internally or
externally, that your team can utilize as an ICO advisor,
such as legal counsel, that can help management as they:
• Build the IPO plan;
• Keep task lists;
• Monitor progress;
• Forecast delivery dates;
• Identify gating issues; and
• Keep decision-making on track.
Further, companies may be able to minimize accounting
and legal costs by ensuring the company is properly
formed and appropriate corporate governance is in place,
all areas of potential regulatory focus have been
thoroughly prepared for in advance, and information
about the ICO is then made available and responded to
in a timely manner with complete and accurate
information.
Many companies create unnecessary problems for
themselves by not engaging in an ICO readiness
assessment prior to undertaking an ICO.
Question To Consider
Do we expect to utilize legal counsel related to the
organization and incorporation of our new entity,
including the drafting of bylaws and other
agreements?
2. Costs and Considerations of an ICO: A Compliance Perspective
July 2017
ICO Readiness Framework
The costs of building and maintaining a company
infrastructure are just the beginning of preparing for an
ICO. As a result, in addition to the costs associated with
an ICO—the offering and incremental organizational
costs—there are significant expenses related to
compliance and purchaser expectations and reporting. As
companies think about their ICO, they want to think
about the following categories of considerations:
• Corporate Strategy and Infrastructure;
• Accounting and Financial Readiness;
• Governance and Internal Controls;
• Media and Investor Relations;
• Financial Risk Management;
• Legal;
• Tax;
• Manpower; and
• Technology Support.
These considerations are layered on top of the
technology of the offering platform (project management,
change management, communications) and ensuring your
technology partner understands its own obligations.
Gagnier Margossian LLP has addressed some of these
considerations below.
Corporate Strategy and Infrastructure
These standards address matters such as board
composition, structure, and process. An accountability
structure needs to be in place for the funds to be raised
through an ICO, and a large part of that accountability is
having the people and processes in place to provide this
accountability.
Accounting and Financial Readiness
Having your financial house in order is important prior to
issuing your offering/information memorandum for the
ICO. Key questions include:
• Do we currently have a repeatable monthly and
quarterly close process? Do we have the ability to
close our books accurately each quarter, and to
review and report the results to our purchasers?
• Does our finance department or third-party firms
possess the expertise with accounting and
reporting requirements to allow us to comply
with regulations?
• Does our financial planning and analysis function
have the ability to accurately forecast our results
to allow for more effective interaction with the
investing community and to assist in analysis of
the current period results for reporting purposes?
• Have we established an ethics and compliance
process and communicated it throughout the
organization?
• Are all our processes and controls adequately
documented and tested, or do we have a plan to
comply with applicable regulations?
• Does our technology infrastructure adequately
support our compliance efforts?
As a result of these considerations, there are a number of
different types of costs that are incurred, both one-time
and incremental ongoing costs, such as internal staffing,
external resources, and corporate governance.
Technology Support
Companies must also consider the need to increase their
technology function as a result of becoming company
funded through an ICO that has accountability to its
token holders and investors. Specifically, companies must
ensure that their systems and processes are documented
and tested to comply with any applicable regulations or
best practices.
Legal
Securities counsel is pivotal to the ICO process. Securities
counsel will be heavily leveraged to provide legal advice
to the company in its dealings with regulators, investors,
and technology partners. Generally, these pre-transaction
attorneys will be retained to provide ongoing services to
your entity in regards to the ICO, assisting them in
compliance with regulatory requirements and advising the
company regarding any legal matters related to the ICO,
pre-offering and post-offering Transaction-based
engagements can come at a higher rate versus engaging
counsel who can essentially help “quarterback” the entire
process.
Questions? Contact GAMALLP
Christina M. Gagnier
gagnier@gamallp.com