Goodwill vs. Intangible Assets — A Lesson Learnt from a Recent $15 Billion Write Down
May 17 | James Gregory, Senior Fellow, The Conference Board | Edgar Baum, Founder & CEO, Avasta Incorporated | Comments (0)
Goodwill on the balance sheet isn’t good enough. Until a better, more transparent accounting, or fair value method replaces goodwill, intangible assets will remain impossible to manage and unaccountable to shareholders. Not providing transparency will have consequences such as significant write-downs ($15 billion write-down for the acquisition of Kraft) of brands and restatements of financial reports.
What’s new in the US labor market – May 2019 Edition
May 15 | Gad Levanon, Ph.D., Chief Economist, North America, The Conference Board | Comments (0)
In 2009, the US labor market was the weakest since the Great Depression. In 2019, after a decade of strong hiring and the retirement of about 3 million baby boomers a year, the US economy is experiencing the lowest unemployment rate in 50 years. Employers are experiencing historical difficulties in recruiting and retaining workers, especially in blue-collar and low-paid occupations. In the next 12 months, despite some slowing in economic growth, labor markets will get even tighter.
New 21 Percent Excise Tax on Nonprofit Executives: Does It Impact My Corporate Foundation?
May 15 | Lindsay Mason, Corporate Philanthropy Director, Council on Foundations | Comments (0)
As companies file their 2018 taxes, several corporate philanthropic leaders have contacted the Council on Foundations with concerns surrounding the new excise tax. As part of the Tax Cuts and Jobs Act of 2017, Section 4960 of the bill imposes a 21 percent excise tax on highly-paid executives of nonprofit organizations.
Georgia Power Partnership with Purposity Lets Employees Meet Local Needs
May 14 | Alexander Parkinson, Senior Researcher, The Conference Board | Comments (0)
Are you using technology effectively to engage employees in community programs? A partnership between Georgia Power and Purposity is showing how disruptive technology can be used to boost the long-held practice of community engagement.
Why India Presents a Big, Long-Term Opportunity for Apple’s iPhones
May 07 | Denise Dahlhoff, Ph.D., Senior Researcher, Consumer Research, The Conference Board | Comments (0)
Apple supplier Foxconn’s initiative to produce high-end iPhones in India opens new doors for Apple to use India as an export hub, including to the U.S., and also gives Apple better access to one of the world’s fastest-growing economies—and mobile phone markets. Indian consumers have felt very optimistic economically, and technology is a popular category for spending disposable income, as data from the Conference Board Global Consumer Confidence Index shows.
Driving Continuous Improvement for The Allstate Foundation
May 07 | Alexander Parkinson, Senior Researcher, The Conference Board | Comments (0)
Is a lack of benchmarking capabilities hampering you from pursuing continuous improvement and innovation in your social impact measurement? With a corporate culture that values data and benchmarking, The Allstate Foundation was lacking a data-driven social impact measurement framework that aggregated metrics across its entire portfolio. The Impact Genome Project helped the organization update its metrics and devise an outcomes-based social impact measurement and reporting strategy.
Moody's Injects Data-Driven Focus to Nonprofit Evaluation and Reporting
April 23 | Alexander Parkinson, Senior Researcher, The Conference Board | Comments (0)
Are your social impact measurement efforts providing useful results? If not, it might be time to up your game. Moody's reinvented its CSR approach to mirror the company’s global footprint, be authentic to its culture, and align with its businesses. In doing so, the company engaged the Impact Genome Project to assess the Moody’s Foundation’s grant portfolio for alignment with its focus areas.
Balancing Act: Digital Progress and Responsibility
April 23 | Anuj Saush, Senior Sustainability Researcher - Europe, The Conference Board | Comments (0)
With government regulation lagging, technological outcomes depend on how businesses develop and apply them. It’s important that companies fill that gap by complementing their digital transformation journey with a governance arrangement that drives ethics and builds trust.
The Nonprofit 10 Percent
April 17 | Timothy J. McClimon, President, American Express Foundation | Comments (0)
Are nonprofits—a crucial economic sector—getting the support they need to flourish? According to Independent Sector, there are over 1.6 million tax exempt nonprofit organizations in the United States—the third largest workforce in the country behind retail and manufacturing. Yet, the nonprofit sector is critically understaffed, under-capitalized, and overwhelmed. It needs support to fulfill its vital mission.