A presentation explaining the role of Venture Capital in our economy. I explain how Venture Capital Funds are structured and how they make investments.
Value-oriented investment firm that commits people, capital, and fortitude to help address the critical issues facing public companies. Includes company, market and strategy overview.
Note: Confidential and proprietary information omitted from public version.
A presentation explaining the role of Venture Capital in our economy. I explain how Venture Capital Funds are structured and how they make investments.
Value-oriented investment firm that commits people, capital, and fortitude to help address the critical issues facing public companies. Includes company, market and strategy overview.
Note: Confidential and proprietary information omitted from public version.
Today you can learn how to free wealth from your company so you can avoid losing both your business and personal wealth so you can build your dynasty. Whether you want donate, invest it in another business or keep it for your retirement I make wealth available to the business owner, rather than the tied up in the business. I help family businesses transfer that wealth from the business to the owner so that their household is the business serving their needs of the owner vs the owner serving the needs of the business
Describes shareholder activism factors, targets and strategies from an activist investor and shareholder value perspective.
Note: Confidential and proprietary information omitted from public version.
Quotient™, Scientific Financial Systems’ flagship product, provides an enterprise solution for investment managers that provides a data driven view of investment opportunities and strategies, along with more control and greater flexibility.
Shareholder activism is exploding: The number of activists is increasing, their assets under management are growing, and their tactics and strategies are changing. We believe that companies that put themselves in an activist’s shoes will be most able to anticipate, prepare for, and respond to an activist campaign. So what should they know—and do?
Find out in PwC’s report, Shareholder activism: The who, what, when, & how.
Authors: Professor David F. Larcker, Brian Tayan
CGRI Quick Guide Series. Corporate Governance Research Initiative, November 2017
This Research Spotlight provides a summary of the academic literature on shareholder activism, including:
• The impact of union activism on corporate outcomes.
• The performance of socially responsible investment funds.
• The impact of activist hedge funds on effecting change.
• The impact of activist hedge funds on short- and long-term corporate performance.
This Research Spotlight expands upon issues introduced in the Quick Guide “Investors and Activism”.
Advisory Boards: The President's Secret Weapon | Dick Dadamo | Lunch & LearnUCICove
About UCI Applied Innovation:
UCI Applied Innovation is a dynamic, innovative central platform for the UCI campus, entrepreneurs, inventors, the business community and investors to collaborate and move UCI research from lab to market.
About the Cove @ UCI:
To accelerate collaboration by better connecting innovation partners in Orange County, UCI Applied Innovation created the Cove, a physical, state-of-the-art hub for entrepreneurs to gather and navigate the resources available both on and off campus. The Cove is headquarters for UCI Applied Innovation, as well as houses several ecosystem partners including incubators, accelerators, angel investors, venture capitalists, mentors and legal experts.
Follow us on social media:
Facebook: @UCICove
Twitter: @UCICove
Instagram: @UCICove
LinkedIn: @UCIAppliedInnovation
For more information:
cove@uci.edu
http://innovation.uci.edu/
Today you can learn how to free wealth from your company so you can avoid losing both your business and personal wealth so you can build your dynasty. Whether you want donate, invest it in another business or keep it for your retirement I make wealth available to the business owner, rather than the tied up in the business. I help family businesses transfer that wealth from the business to the owner so that their household is the business serving their needs of the owner vs the owner serving the needs of the business
Describes shareholder activism factors, targets and strategies from an activist investor and shareholder value perspective.
Note: Confidential and proprietary information omitted from public version.
Quotient™, Scientific Financial Systems’ flagship product, provides an enterprise solution for investment managers that provides a data driven view of investment opportunities and strategies, along with more control and greater flexibility.
Shareholder activism is exploding: The number of activists is increasing, their assets under management are growing, and their tactics and strategies are changing. We believe that companies that put themselves in an activist’s shoes will be most able to anticipate, prepare for, and respond to an activist campaign. So what should they know—and do?
Find out in PwC’s report, Shareholder activism: The who, what, when, & how.
Authors: Professor David F. Larcker, Brian Tayan
CGRI Quick Guide Series. Corporate Governance Research Initiative, November 2017
This Research Spotlight provides a summary of the academic literature on shareholder activism, including:
• The impact of union activism on corporate outcomes.
• The performance of socially responsible investment funds.
• The impact of activist hedge funds on effecting change.
• The impact of activist hedge funds on short- and long-term corporate performance.
This Research Spotlight expands upon issues introduced in the Quick Guide “Investors and Activism”.
Advisory Boards: The President's Secret Weapon | Dick Dadamo | Lunch & LearnUCICove
About UCI Applied Innovation:
UCI Applied Innovation is a dynamic, innovative central platform for the UCI campus, entrepreneurs, inventors, the business community and investors to collaborate and move UCI research from lab to market.
About the Cove @ UCI:
To accelerate collaboration by better connecting innovation partners in Orange County, UCI Applied Innovation created the Cove, a physical, state-of-the-art hub for entrepreneurs to gather and navigate the resources available both on and off campus. The Cove is headquarters for UCI Applied Innovation, as well as houses several ecosystem partners including incubators, accelerators, angel investors, venture capitalists, mentors and legal experts.
Follow us on social media:
Facebook: @UCICove
Twitter: @UCICove
Instagram: @UCICove
LinkedIn: @UCIAppliedInnovation
For more information:
cove@uci.edu
http://innovation.uci.edu/
As the charity sector continues to manage the impact of the pandemic, many charities are facing financial uncertainty. In this context many senior leaders, to ensure their charity’s sustainability, will be considering collaboration and merger. In this webinar, in association with Bates Wells, we aim to answer questions such as: When should a charity in crisis consider merging? What are the alternatives? How can you make the best decision for your organisation? You will also hear about a new online decision-making tool which will help organisations chart the options open to them in a tight financial spot.
Incorporation Stage Issues and Seed Financings Overview w/ Kristine Di BaccoStanford Venture Studio
Which legal entity is best for your startup company? How should you deal with founder stock and other incorporation issues? How should you structure a seed investment? Kristine Di Bacco, Partner at Fenwick & West, will help you answer these important questions, and others, as you think about the process of incorporating and raising seed financing.
Workshop 8- How can charities rebuild trust in fundraising? / Gweithdy 8- Sut...
Due diligence for collaboration merger
1. Due diligence for mergers
Delyth Davies, Associate
Wednesday 16th May 2012
2. Due diligence
• A term used to describe the steps organisations
take to assure themselves that a merger is in
their best interests
• The investigation of another charity in advance of
completion of a merger
• Result of a due diligence exercise is a charity
having full knowledge of the organisation they
are seeking to merge with
3. Purpose of due diligence
• Information gathering
• Assess the risks and rewards of a proposed
merger
• Determine any consents that may be needed for
the merger to proceed
4. How’s it done?
• No pre-set or prescribed way for carrying out due
diligence
• Geldards approach……..
• Tailored questionnaire
• Proportionate to the size and nature of the
merger
5. Who does it? (and who picks up the tab)
Depends on the structure of the merger
• Dominant Charity to “take over” a smaller Charity?
• Two Charities to transfer all of undertaking to a
newly formed organisation (“NewCo”)?
Dominant Charity (A) NewCo
Issue a questionnaire to Issue a questionnaire to
Charity A + Charity B
smaller organisation
6. Trustees of all charities must comply
with their legal duty to act prudently
when deciding to merge
• Due diligence fees are a proper use of charity
funds
• To be forecast at the outset and regularly
reviewed
• To be proportionate to the risks involved
7. In more detail ……………………..
Different types of due diligence
• Financial
• Legal
8. Financial
Accountants
Focus on areas of charity’s affairs that are material
to Charity A/NewCo’s decision so that the Trustees
can assess the financial risks and opportunities of
the merger
Financial due diligence may also help assess:
• Potential synergies of the merger
• The best structure for the merger
• The impact of the merger on Charity A
9. Legal Due diligence Questionnaire
• Constitution
• Funding
• Property
• Employees
• Material Agreements
10. Constitution
• Is the charity being run in accordance with its
constitution?
• Is the written constitution in the form that all
Trustees and members think it is? Does anything
need to be corrected pre-merger?
• How closely will the constitution of NewCo
reflect the current constitution?
11. Funding
How does the charity receive its funding?
• Grant Funding
• review of grant documents
• must the grant be used for a special purpose?
• are there are claw-back provisions?
• is the grant transferable?
• Legacies
• can the legacies be transferred to Charity
A/NewCo?
12. Property
Where does the charity operate from?
• Freehold or Leasehold
• Freehold
• Will the property be transferred to Charity A/NewCo?
• Leasehold
• Need to consider the lease in detail
• Landlord consent – is this required?
• Assignment
• Will Charity A/NewCo need all of the property? Are
there pre-merger steps to be undertaken to resolve
property issues?
13. Employees
• How many employees will be employed by Charity
A/NewCo?
• Are respective terms and conditions of employees
compatible with each other?
• Transfer of Undertakings (Protection of
Employment) Regulations 2006
14. Material Agreements
Every charity has a clutch of agreements that are
material to the success of its efficient operation:
• Leases for important equipment
• Partnership Agreements
• Can these be transferred to Charity A/NewCo?
• What are the financial penalties in transferring or
terminating?
• Can the third party terminate the agreement
automatically?
15. The Due Diligence Report
• Full due diligence report
• Key issues only
16. Next Steps
• Pre merger re-organisation of one or both
charities?
• Consider the merger structure
• Be realistic in timetabling if third party consents
are required
• Delay proposed completion date?