Hong Kong leads the way in trust-based philanthropy
An unrestricted, no-strings attached approach to philanthropic giving is growing in popularity in Asia - and Hong Kong is at the forefront, says Dorothy Chan. ESG in banking
Embracing Subscription-Based Models to pioneer the Circular Economy Transition
Ready, Set… Go Circular!In the ever-evolving landscape of commerce, businesses are increasingly pivoting towards sustainable practices. Among the myriad of strategies, subscription-based models (SBMs) have emerged as a beacon of sustainable innovation. These models enable organisations to participate in the Circular Economy, where products are purposely designed to be better…
DHS Relaxes Employment Authorization Rules for Ethiopian and Palestinian F-1 Students
Quick Hits DHS announced relaxed employment authorization standards for Ethiopian and Palestinian F-1 students who are eligible for work authorization. During the school year, work-authorized Ethiopian and Palestinian F-1 students may increase the number of hours worked and reduce their school course load. Students who utilize this benefit will still…
BRICS+: The Path to a New World Order
By working together, the BRICS+ nations have shown that multipolarity can work, notwithstanding differences amongst them. This has been achieved while those adhering and aligning with unipolar efforts at enforcing homogeneity flounder amid the realities of an international political economy in flux. The global CoVID-19 pandemic and vaccine apartheid showed…
The Anomalies of Disruption
Topics Innovation Disruption Column Our expert columnists offer opinion and analysis on important issues facing modern businesses and managers. More in this series subscribe-icon Subscribe Share Paolo Beghini/Ikon Images On his office door, Clayton Christensen — who at one point I called my teacher, mentor, boss, colleague, coauthor, and, most…
Massachusetts Supreme Judicial Court Rejects Compensation Plan Allocating Commissions to Overtime and Premium Pay
Quick Hits The Massachusetts Supreme Judicial Court upheld a lower court’s ruling that a retailer’s commission-based compensation plan violated the Massachusetts Wage Act by paying commission-based sales employees their overtime and Sunday premium pay out of their earned commissions. The retailer used a compensation plan that functioned like an advance…
Unlocking the power and potential of generative AI for advertisers and publishers
Over the last year, we’ve seen how Microsoft Copilot is transforming how people interact with the web. It’s influencing behavioral shifts that are reshaping how businesses of all sizes connect with their audiences. People are making purchase decisions faster, reducing the journey from nearly 30 days to just over 20…
Have You Had Enough?
(Illustration created using image generated by Midjourney, an artificial intelligence tool.)Last month, I posted a column in HBS Working Knowledge titled, “What’s Enough to Make Us Happy?” Over the last few months, I’ve been asking myself the same question: “What’s enough?” My answer, as it turns out: Twenty-four years and…
Switzerland in International Rankings
Global minimum tax, unresolved relations with the EU, shortage of qualified personnel, the banking crisis: the risks for Switzerland as a business location seem countless. For years, there have been warnings of a deterioration of framework conditions – even Avenir Suisse occasionally joined in. But what is the real state…
UK: How much will I get fined if I don’t comply?
Following the threat of significantly larger penalties since 2018 (the enhanced fines under the General Data Protection Regulation as compared to the legislation that went before), companies have asked us time and time again, “what is my financial risk for data protection non-compliance in the UK?” The publication of the…
INSEAD Insights: April 2024 Research Picks
New research by INSEAD faculty explores the potential downsides of anti-corruption efforts and the various ways incumbent firms successfully defend themselves against new technologies that could displace them. Another paper examines how job candidates self-censor when negotiating pay at firms that frame the work in terms of its social impact. Other…
Beware of Fake Corporate Restructuring Groups
Our firm receives dozens of calls from small public companies that have been misled by rogue advisors claiming they do restructurings, debt remediation and turnarounds. We won’t name who the advisors are here, but these names may find their way into lawsuits filed in federal courts soon. Many small public…
Identifying Needs for Hospitality, Gaming, and Leisure Companies
The hospitality, gaming, and leisure industries encompass diverse businesses such as hotels, resorts, casinos, theme parks, and entertainment venues. Companies in hospitality, gaming, and leisure face various challenges, including fluctuating consumer demand, competitive pressures, regulatory requirements, and operational complexities. Navigating these challenges requires strategic planning, innovation, and operational excellence. Management…
FTC Non-Compete Ban: What You Need to Know
On April 23, 2024, the FTC announced its Final Non-Compete Clause Rule (“Final Rule”), which bans post-employment non-compete clauses between employers and their workers. The Final Rule becomes effective 120 days after being published in the Federal Register (Effective Date).[1] As of the date of this paper, the Final Rule…
Explore insights from the AI in Education Report
The swift rise of generative AI is reshaping how schools approach creation, problem-solving, learning, and communication. Your schools are in a pivotal moment when critical thinking and metacognitive skills are more important than ever as new technology develops.As we continue to learn, Microsoft believes it is important to share our…
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[Interview] The Future of Healthcare Fits on Your Wrist
Dr. Hon Pak, SVP and Head of Digital Health Team, MX Business at Samsung Electronics sat down with Samsung Health Advisory Board members in early spring 2024 at the Samsung Medical Center in Seoul to discuss the future of health and how wearables powered by AI will play a big…
Growing Clarity: FinCEN Continues to Update Beneficial Ownership Reporting FAQs
On April 18, 2024, the Financial Crimes Enforcement Network (FinCEN) released further guidance regarding to Corporate Transparency Act compliance (CTA) by updating and expanding the Beneficial Ownership Information Reporting Frequently Asked Questions regarding the Beneficial Ownership Information (BOI) Reporting Rule (FAQs). Importantly, the updates provide insight on BO access by…
Podcast: CEO Julie Sweet takes us inside Accenture’s AI journey
MOLLY WOOD: Today I’m talking to Julie Sweet, chair and CEO of Accenture, a global professional services company that helps businesses, governments, and other organizations build their digital core, optimize their operations, accelerate revenue growth, enhance citizen services, and much, much more. Julie joined Accenture as general counsel after a…
The 2024 European Elections: Continuity and Changes
The next European elections will see the struggle for power increase, and the way in which European government is conceived will change. It is realistic to foresee a transition phase, in which the certainties of the past and the new visions being established will coexist, Dario Velo writes. The EU…
Valdai Club to Hold Its Fourth Annual Central Asian Conference
On May 14–15, 2024, the Valdai Club will hold its fourth annual Central Asian conference, titled “Russia and Central Asia: Development and Security in a Changing World” This time, the conference will be held in Ufa (Sheraton Plaza Hotel, Tsyurupa St., 7).Experts from Russia, India, Kazakhstan, China, Kyrgyzstan, Tajikistan and…
Embracing AI in Patent Law: Navigating the USPTO’s Latest Guidance
The USPTO’s recent guidance on AI usage marks a critical moment for legal practitioners. This document emphasizes the necessity for both technical and human oversight in mitigating the risks associated with AI tools. The agency is committed to leveraging AI’s benefits across society while ensuring that these technologies do not…
AI Data Drop: What the future workforce really cares about
Since our customers first started using Microsoft Copilot, we’ve been closely studying how people use it at work and what their behaviors can teach us about adopting and rolling out AI broadly—and we want to share what we’re learning with leaders who are looking to drive AI adoption with their…
Deion Sanders’ Prime Lessons for Leading a Team to Victory
Leaders intent on boosting team performance could learn from the old-school, military-style approach of Deion Sanders, a former star athlete and now the unorthodox coach behind the revival of two college football teams.“When I’m teaching executives, most of them say they want to hold their subordinates accountable, but they have…
How to Navigate Token Launch Risks
Another way for projects to avoid legal uncertainty in the U.S. is to eliminate the possibility of the public investing in their tokens. To accomplish this, projects can issue transfer-restricted tokens (TRTs) or use off-chain “points” instead of tokens. TRTs use the ERC-20 standard to limit who can hold a…
5 Rules for Token Launches
I can’t emphasize this enough: Communications, regardless of how inconsequential or innocuous they may appear, can make or break a project. A single errant statement by a CEO can put an entire project at risk. Projects should tailor strict communications policies to the nuances of their token launch strategy. So…
Getting Ready to Launch a Token: What You Need to Know
Organizational structure can significantly influence the success of a token launch, and define how the project operates well into the future. There is no one-size-fits-all structure, so the process of choosing one must start several months ahead of a token launch. Even the most straightforward structure needs to be in…
The intriguing question of Chinese growth
It was as though the country was hitting back after Fitch Ratings downgraded its sovereign rating from “stable” to “negative” as a result of concerns over its medium-term growth outlook, the impact of the real estate crisis and the sustainability of its public finances. Moody’s came to the same conclusion…
Sunrise, Sunset: New York State 2025 Budget Brings New Paid Prenatal Personal Leave and Sunset Date for COVID-19 Paid Leave
What You Need to Know: Governor Kathy Hochul approved the Fiscal Year 2025 New York State Budget (the “NYS 2025 Budget”) on April 20, 2024. Several leave-related topics affecting private employers are impacted by the NYS 2025 Budget. Most notably, a new paid prenatal personal leave entitlement was added to…
The New Jersey Mini-WARN Act Amendments—One Year Later
Quick Hits A surge in NJ WARN notices issued in the months prior to the April 10, 2023, effective date of the amendments suggests employers expedited terminations to avoid the new mandatory severance requirements of the amended law. At least three significant NJ WARN lawsuits are pending that may resolve…
Robotic nerve ‘cuffs’ could help treat a range of neurological conditions
The researchers, from the University of Cambridge, combined flexible electronics and soft robotics techniques to develop the devices, which could be used for the diagnosis and treatment of a range of disorders, including epilepsy and chronic pain, or the control of prosthetic limbs.Current tools for interfacing with the peripheral nerves…
Are Boards Forward-Thinking Enough in this Disruption Era?
The old assumption that the past informs the future no longer holds true in an era marked by unparalleled speed and deep-rooted uncertainty. Corporations today face an environment that require boards to recalibrate their governance approach. Indeed, our collaborative board research with BCG, Heidrick & Struggles and INSEAD has identified significant challenges…
Civilisational Development and the Limits of Reason
Reason and individualism are important components of civilisational development, although they are not the only components. The key focus for discussions about the development of civilisation should therefore be the limits of reason. Is the pre-modern heavy luggage slowing down development, or is it the foundational building block of civilisation…
Effective Leaders Articulate Values — and Live by Them
Topics Column Our expert columnists offer opinion and analysis on important issues facing modern businesses and managers. More in this series subscribe-icon Subscribe Share Carolyn Geason-Beissel/MIT SMR | Getty Images Values lie at the heart of effective leadership, serving as the foundation for decisions and organizational cultures. Yet in the…
FTC Approves Rule Banning Non-Competes With Workers
This afternoon, the FTC voted to adopt a proposed final rule banning most non-competes with workers in the United States. The final rule provides that it is an unfair method of competition—and therefore a violation of Section 5 of the FTC Act—for employers to enter into non-competes with workers. The…
Supreme Court Questions Whether FAA Allows Courts to Dismiss Lawsuits Sent to Arbitration
Quick Hits The Supreme Court heard oral arguments in a case over whether federal courts have discretion to dismiss lawsuits once the claims are compelled to arbitration. The decision could resolve a 6-4 circuit split with the majority holding that district courts must stay lawsuits pending arbitration, and a minority…
Microsoft Cloud strength fuels third quarter results
Microsoft Cloud Strength Fuels Third Quarter ResultsREDMOND, Wash. — April 25, 2024 — Microsoft Corp. today announced the following results for the quarter ended March 31, 2024, as compared to the corresponding period of last fiscal year:· Revenue was $61.9 billion and increased 17%· Operating income was $27.6 billion and increased 23%· Net income…
Arthur Caplan: Medicine’s Toughest Ethical Questions
Howie and Harlan are joined by Arthur Caplan, Drs. William F. and Virginia Connolly Mitty Professor of Bioethics and founding head of the division of medical ethics at NYU Grossman School of Medicine, to discuss the ethical failings of the pharmaceutical industry and how a community-focused ethos prioritizing justice and…
Is Strategic Stability Possible in a Multipolar World?
On April 24, 2024, the Valdai Club held an expert discussion about the problems and challenges which affect strategic stability. Moderator Oleg Barabanov called this topic extremely relevant, pointing out that, in addition to the global aspect associated with Russian-American relations, it has begun to acquire a regional dimension. He…
All Gas No Brakes – The FTC, DOJ, and HHS Unveil Online Reporting Portal as Latest Effort to Combat Unfair and Anticompetitive Health Care Practices
On April 18, 2024, the Federal Trade Commission (“FTC”), Justice Department (“DOJ”), and the U.S. Department of Health and Human Services (“HHS”) launched an online reporting portal, HealthyCompetition.gov, for the public to report potentially unfair and anticompetitive health care practices. The online reporting portal provides examples of unfair and anticompetitive…
Washington State’s New Warehouse Employee Protections Begin on July 1, 2024
Quick Hits Washington State enacted a law that regulates employers’ use of production quotas or standards for workers at warehouse distribution centers. The law applies to employers that employ or otherwise engage, whether directly or indirectly, more than (1) 100 or more nonexempt employees in a single warehouse distribution center,…
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