11/13/2023 0 Comments Force trend micro client update![]() ![]() It could not be learned whether Barington will seek to nominate its own director candidates ahead of Hanesbrands’ shareholder meeting or just encourage the company to refresh its board. ![]() Barington Capital is asking the company to find new directors with apparel and manufacturing experience and possibly a new CEO, according to a letter made public Tuesday. – The Wall Street Journal (paywall) reported that an activist investor is pushing Hanesbrands to make changes to its board and other moves. The new figures contrast with Q2 2022, when there was a ‘dramatic impact’ from a decline in law firm transactional practices, said William Josten, manager for enterprise legal content at the Thomson Reuters Institute. The index, which tracks key financial metrics across 170 large and mid-sized law firms, increased by 6 points in the second quarter of 2023 to the highest score since the first quarter of 2022.Īverage work rates – the rate a client agrees to pay to engage a firm on a legal matter – grew by 5.9 percent in the second quarter of 2023, compared with the same period the prior year, the report said. Demand increased 1.5 percent year on year, with bankruptcy, labor and employment, litigation and antitrust among practices that helped drive growth, according to the report. – Reuters (paywall) reported that, according to the Thomson Reuters Institute’s Law Firm Financial Index, demand growth for legal work in counter-cyclical practice areas buoyed large and mid-sized law firms’ financial performance in the second quarter of 2023. The court’s decision ‘will likely hamper the efforts of colleges and universities to enroll diverse student bodies, and I think, unfortunately, narrow the pipeline that employers have relied on in the past to identify candidates for a diverse and inclusive workforce,’ said Jocelyn Samuels, vice chair of the bipartisan Equal Employment Opportunity Commission. Several Democratic attorneys general later said that interpretation was wrong. A group of 13 Republican attorneys general suggested in the wake of the ruling that companies’ diversity, equity and inclusion programs could be considered unlawful discrimination. In addition, the ruling could create legal uncertainty for companies that promote diversity in their recruitment practices.Īlthough it’s unclear what formal legal implications, if any, the ruling could have for corporate practices, some Republican officials have argued the basis for the decision could apply to employers’ diversity hiring efforts. Although the ruling is focused on university admissions and does not mandate changes by employers, experts say it is likely to affect hiring and retention practices. ![]() – Following the US Supreme Court ruling that struck down affirmative action policies in college admissions, companies could face challenges in how they find diverse talent, according to CNBC. The surge of investment also coincides with the US Inflation Reduction Act, which offers tax incentives to spur green technology. The influx of money comes as companies prepare for disclosure requirements that are expected to come into force in Europe and the US in the coming year, combined with pressure from investors and customers to appear climate-friendly. ![]() The trend has continued into 2023, with venture capitalists investing $333 mn in the sector so far this year. Venture capital investment in carbon-accounting companies increased from $60 mn in 2020 to $767 mn in 2022, according to PitchBook. – The Financial Times (paywall) reported that the carbon-accounting business is booming as regulators, investors and consumers demand more information about companies’ greenhouse gas emissions, despite concerns about the validity of the data. ![]()
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