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The 13th edition of the World Economic Forum's Global Risks Report, undertaken with Marsh & McLennan Companies, examines the evolving macro-level risk landscape and highlights the systematic threats that may disrupt expectations. A more rigorous exploration of potential sources of value destruction, greater strategic agility to match a rapi...

Three major cyber events in 2017 set new precedents for the scope and impact of damage wrought by cyber-attack in terms of geographic and industry reach, operational disruption, and economic losses, as well as the destruction of market capital and reputation. While the concepts of cybersecurity may be foreign for many executives and board members, ...

The benefits of the U.S. 2017 tax reform act (the Act) should be broadly felt by Americans, and businesses large and small will see tax relief. The Act contains elements important for stronger economic growth—a competitive corporate tax rate and a move toward a territorial system of international taxation. At the same time, the House and Sena...

Industry 4.0—synonymous with smart technologies—is driving efficiencies and increasing productivity. Data, and the physical-digital integration of humans, processes, systems, and machines, are key components of this transformation. The global ramifications of Industry 4.0 are still under debate, but one thing is certain: Change is comin...

You’ve made the right moves in your operating business—you’ve developed and executed your IT plan and upgraded your ERP, EAM, and CRM systems to improve efficiencies and gain new insights. You're starting to see results, but these new systems are generating vast amounts of data you aren't always sure what to make of. To de...

A flexible operating model drives innovation and responsiveness to market changes. It nearly always reflects a fundamental shift in long-standing beliefs about how organizations make money, and it requires a shift to a highly adaptable configuration of capabilities that must align with strategy and occur throughout all levels of an organizatio...

Operational improvements are a key lever for achieving value creation after a deal closes. There are three critical ways private equity firms can both protect and grow value through operations. One way is to lead differently, beginning with recognizing that the due diligence process can cause employees to be apprehensive. When leaders understand an...

The future. It’s the topic on the mind of most business leaders—what’s going to happen in the future? And importantly, how do you ensure you’re prepared for it? Today, as technological advances impact the scale, scope, and utility of data and information, a new ecosystem of information and trust is taking shape around us. Bu...

Artificial intelligence (AI) is advancing quickly, and it’s impossible for anyone to give a precise vision of how the next ten—much less five—years will unfold. Our aim here is different: to make specific predictions about AI trends for the next 12 months and draw out key implications for business, government, and society as a who...

Under prior law, the Internal Revenue Code provided that employers would be allowed deductions for operating privately owned aircraft attributable to business flights. Under the new law, though, expenses attributable to entertainment activities will now be 100 percent non-deductible, whereas in the past they were 50 percent deductible. Other change...

Now that The Tax Cuts and Jobs Act (the Act) has been signed into law, you may be wondering what this means for you and your family. The Act is broad in scope and will change the tax rules for individuals and businesses in 2018 and beyond. When thinking about the impact of the Act on you, your family, and your business, it’s important to reme...

As a special type of equity-based compensation used by limited liability companies profits interests can bring a range of benefits to shareholders. Profits interests can help attract, retain, and reward key employees, and offer an opportunity to share in future earnings, increases in equity value, or proceeds from a sale of the company. When used s...

The destruction caused by Hurricanes Harvey, Irma, and Maria and the wildfires in California have led to an outpouring of charitable gifts and donations. For businesses whose employees were affected by disasters, there is a way to provide relief through an employer-sponsored public charity or private foundation. Employer-sponsored organizations com...

Cyber risk has moved from the IT department to a full-fledged enterprise risk. Unfortunately, a cyberattack can hit a company at any time. There are, however, practical, actionable steps to ensure that when a cyberattack hits, your company and board will be both ready to address the threat and resilient enough to recover from it. Leveraging a flexi...

We are living through a fundamental transformation in the way we work. Automation and 'thinking machines' are changing the skills workers need, while demographic changes promise a talent shortage, longer lifespans, and other significant shifts that will affect the workplace. These changes raise huge organizational and human resource challen...