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NAVEX Announces 2024 Excellence Awards Finalists

NAVEX Global

NAVEX, a leading provider of integrated risk and compliance management software, announces today the 2024 NAVEX Excellence Awards finalists. Now in its fourth year, the awards celebrate organizations that demonstrate exceptional commitment to corporate governance, risk mitigation, and ethical practices. Each year, the NAVEX Excellence Awards highlight how robust governance, risk and compliance (GRC) programs can strengthen corporate culture and meaningfully impact business outcomes that matter. The 2024 finalists exemplify how effective GRC initiatives can proactively manage and mitigate risks when woven into the organizational fabric. "Congratulations to this year’s nominees and finalists for their outstanding achievements," said NAVEX Chief Customer Officer, Steve Chapman. "We are proud to partner with customers who are dedicated to advancing their GRC efforts. These awards shine a spotlight on some of the most innovative and effective programs in the industry, and we applaud the compliance teams at these companies for their ongoing efforts to build highly ethical, risk-aware organizations." The winners will be honored in several categories, including Ethics & Compliance, Risk Management, and Risk and Compliance Program of the Year. Selected from a highly competitive pool of nominations, this year’s finalists include: As in previous years, the judging panel brings together a mix of NAVEX leaders and seasoned GRC professionals. This year’s esteemed panel features: Barbara Boehler, Senior Director, Program on Corporate Compliance and Ethics, Fordham Law Bill Cameron, Founder and Principal, Cameron Advisory Services Carol Williams, CEO and Enterprise Risk Management Consultant, Strategic Decision Solutions Carrie Penman, Chief Risk and Compliance Officer, NAVEX Kyle Brasseur, Former Editor in Chief, Compliance Week Kyle Martin, Vice President of GRC Solutions, NAVEX Matt Kelly, Editor and CEO, Radical Compliance LLC Stephen Chapman, Chief Customer Officer, NAVEX Vera Cherepanova, Ethics Advocate, Consultant, Author, Studio Etica Award recipients will be announced after to the 2024 NAVEX Next Virtual Conference on October 1. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details Navex Global +1 617-388-5773 scott.levesque@navex.com Company Website https://navex.com

September 03, 2024 08:06 AM Eastern Daylight Time

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Commerce Finds Dumping; Imposes Duties on Paper Plates from China, Vietnam, and Thailand

American Paper Plate Coalition

The American Paper Plate Coalition (“APPC”), representing the majority of American paper plate production, announced today that the U.S. Department of Commerce (Commerce) has made preliminary affirmative findings in the antidumping (AD) duty portion of investigations involving paper plate imports from China, Vietnam and Thailand, and imposed preliminary AD duties up to 1039.05 percent. The duties will take effect on or about September 6, 2024. These duties will be imposed on top of anti-subsidy duties of up to 313.14 percent on imports from China and up to 237.65 percent on imports from Vietnam, levied in preliminary decisions released in June 2024. Preliminary duties now total up to 1352.19 percent on imports from China, up to 397.44 percent on imports from Vietnam, and up to 73.17 percent on imports from Thailand. “Improper subsidies and other unfair trade practices have hurt our industry, our company, and our workers over the years,” said William P. Biggins, Jr., President and Co-Owner of APPC member Aspen Products, Inc. “The duties announced today are a welcome step in the right direction to get the market back on track. We are grateful to Commerce for its commitment to seeing our trade laws enforced and for giving all players a chance to fairly compete.” Commerce’s preliminary determinations come in response to petitions filed in January by the APPC, requesting AD and CVD investigations into unfairly priced and subsidized imports of paper plates from China, Thailand, and Vietnam. Commerce is expected to announce its final AD determinations in these investigations in early November 2024. The countervailing duty investigations concerning imports from China and Vietnam are ongoing and may lead to higher final CVD rates. “We welcome the competition of a free and fair market – but that’s not what we’ve been experiencing,” said Robert Epstein, President and CEO of APPC member AJM Packaging Corporation. “We look forward to getting back on a level playing field where all products compete on their own merits. Today’s decision is another step in getting us there.” If Commerce makes affirmative final determinations and the U.S. International Trade Commission makes an affirmative final injury determination, Commerce will issue formal AD and CVD orders on imports from all three countries. For more on the petitions, see the APPC’s press release. For more on the ITC’s investigation, see the Commission’s press release. For more on the DOC’s investigation, see the agency’s press release. About the American Paper Plate Coalition The American Paper Plate Coalition, representing the leading U.S. producers of paper plates, is comprised of AJM Packaging Corporation of Bloomfield Hills, MI; Aspen Products, Inc. of Kansas City, MO; Dart Container Corporation of Mason, MI; Hoffmaster Group, Inc. of Oshkosh, WI; Huhtamaki, Inc., of De Soto, KS; and Unique Industries, Inc. of Philadelphia, PA. For more information, visit https://www.ajmpack.com/, https://www.aspenpro.com/, https://www.dartcontainer.com/, https://www.hoffmaster.com/, https://www.huhtamaki.com/en-us/north-america/, and https://www.favors.com/ The American Paper Plate Coalition is represented by Adam H. Gordon of The Bristol Group PLLC, a Washington, DC international trade law firm committed to defending American industry, agriculture, and manufacturing jobs. Contact Details Elizabeth Posthumus +1 202-445-9858 elizabeth@eahstrategiesllc.com

August 30, 2024 01:14 PM Eastern Daylight Time

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Synergist Technology Partners with Microsoft to Drive Ethical and Compliant AI Innovation

Synergist

Synergist Technology, a leader in AI governance and compliance, announces a strategic partnership with Microsoft, aimed at advancing the development and deployment of compliant AI solutions. By integrating Synergist’s expertise with Microsoft’s robust cloud infrastructure, the partnership seeks to address the growing market demands for ethical and secure AI systems. As the rapid adoption of AI continues to outpace regulatory frameworks, many organizations face significant challenges in deploying AI technologies with accountability. Together, the companies will provide comprehensive AI solutions that help businesses navigate the complex landscape of AI regulations while maximizing the potential of Microsoft’s AI offerings. The partnership is further strengthened by the involvement of key partners, including Pliant Consulting and Maureen Data Systems, which will assist in integrating and enhancing AI solutions for clients. This collaborative effort ensures that customers can navigate the complexities of AI governance with ease and assurance. “With over 700 pieces of proposed regulation at the state and federal level, our partnership with Microsoft represents a significant step forward in our mission to bring responsible AI to every organization,” said Elycia Morris, CEO of Synergist Technology. “By combining our governance and compliance expertise with Microsoft’s advanced technologies, we are creating a powerful synergy that will enable organizations to harness the transformative power of AI while maintaining trust and transparency.” “This partnership enables organizations to confidently leverage AI’s transformative power while adhering to the highest standards of regulatory adherence,” said Vishal Amin, General Manager of Security Solutions, Microsoft. “Microsoft and Synergist have a shared commitment to empower businesses to achieve more through innovation and trust.” Since the inception of the partnership, Synergist has made significant strides in its go-to-market strategy, leveraging Microsoft programs such as the ISV Success Program to expand the reach of its offerings. This strategic collaboration is set to evolve further, with plans to integrate Synergist’s AFFIRM platform into Microsoft’s Marketplace, making it more accessible to businesses worldwide. About Synergist Technology Synergist Technologies is a leader in AI governance and compliance, specializing in enabling ethical and compliant AI innovation through their AFFIRM platform. Their solutions help organizations navigate the complexities of AI regulations, ensuring responsible and effective AI deployment.For more information, visit https://synergist.technology/. Contact Details Julia Worthington synergist@kitehillpr.com

August 29, 2024 09:00 AM Eastern Daylight Time

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Nuvectis Pharma Rises in Pre-Market Following FDA Orphan Drug Designation for NXP800, Fueling Optimism Ahead of Key Clinical Data

Global Markets News

Nuvectis Pharma (NASDAQ: NVCT) has achieved a significant milestone with the U.S. Food and Drug Administration (FDA) granting Orphan Drug Designation for its lead candidate, NXP800. This designation, specifically for the treatment of ARID1a-deficient ovarian, fallopian tube, and primary peritoneal cancers, marks a critical step forward in Nuvectis’s mission to address unmet needs in oncology. Orphan Drug Designation: A Strategic Advantage The FDA’s Orphan Drug Designation is awarded to drugs that show promise in treating rare diseases affecting fewer than 200,000 people in the U.S. For Nuvectis, this designation not only validates the potential of NXP800 but also provides several strategic benefits. These include tax credits for clinical trial costs, exemption from certain FDA fees, and potentially seven years of market exclusivity upon approval. NXP800 targets ARID1a-deficient cancers, a subset of ovarian cancers that present significant treatment challenges. The Orphan Drug Designation underscores the importance of this candidate in potentially offering a new, more effective treatment option for patients with this specific genetic mutation. Background and Market Impact This latest achievement builds on Nuvectis Pharma’s earlier successes. Earlier this year, the FDA granted Fast Track Designation to NXP800 for its development in platinum-resistant, ARID1a-mutated ovarian cancer. The Fast Track status, combined with the Orphan Drug Designation, highlights the urgent need for innovative treatments in this space and positions NXP800 as a potential game-changer in oncology. Financial analysts have taken note of Nuvectis’s progress. H.C. Wainwright recently reiterated its buy rating for Nuvectis, setting a price target of $21. This optimistic outlook reflects the market’s confidence in the company’s strategic direction, particularly as it prepares to release key clinical data later this year. Anticipation for Upcoming Results The next few months are expected to be pivotal for Nuvectis Pharma. The company is poised to share updates from its ongoing Phase 1b clinical trial of NXP800, which targets patients with platinum-resistant, ARID1a-mutated ovarian cancer. This trial is being closely watched, as positive results could significantly advance the development of NXP800, bringing it closer to pivotal trials and eventual regulatory approval. Additionally, Nuvectis is also conducting a Phase 1a dose escalation study for NXP900, its second key candidate, which targets YES1/SRC-driven tumors. Updates from this study are expected to provide further insights into the safety and potential efficacy of NXP900. ### Nuvvectis' Full announcment, titled " Nuvectis Pharma Announces Orphan Drug Designation Granted by the FDA for NXP800 for the Treatment of ARID1a-deficient Ovarian, Fallopian Tube, and Primary Peritoneal Cancers" was published on August 29th, 2024. ### This article is for informational purposes only and is not intended to serve as financial, investment or any form of professional advice, recommendation or endorsement. Please review the full documentation detailing financial compensation disclosures and disclaimers the article is subject to. https://justpaste.it/fcm9n/pdf. Global Markets News Network is a commercial digital brand compensated to provide coverage of innovative companies and industries and it is thus subject to conflicts of interest. Contact Details Global Markets News News Coverage ronald@futuremarketsresearch.com

August 29, 2024 08:20 AM Eastern Daylight Time

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Brief Filed in Opposition to Warren Buffett’s Attempt to Get Lawsuit Dismissed

NLPC

On Monday the National Legal and Policy Center filed its brief in federal court in Omaha, Nebraska opposing Warren Buffett ‘s and Berkshire Hathaway ‘s motion to dismiss NLPC’s lawsuit filed in May to hold them accountable for having NLPC’s Chairman, Peter Flaherty, arrested at Berkshire’s 2023 Annual Meeting. Mr. Flaherty’s presentation, as part of the meeting agenda, supported NLPC’s shareholder proposal to have the positions of Chairman and CEO be held by separate individuals, as a matter of good corporate governance. As part of his presentation, Mr. Flaherty criticized Mr. Buffett’s billions of dollars of support to the Bill and Melinda Gates Foundation, which promotes the controversial Critical Race Theory teaching that “math is inherently racist,” and a Gender Identity Toolbox, “which asserts that gender is a result of socially and culturally constructed ideas.” Mr. Flaherty also pointed out Bill Gates ‘s relationship with convicted sex offender Jeffrey Epstein, which had been reported in a Wall Street Journal story two days before the meeting. As he spoke, Buffett cut Flaherty’s microphone and ordered his security guards to eject Mr. Flaherty from the arena, who had an Omaha Police officer arrest Flaherty on the spot. “The silencing and arrest of a shareholder who was speaking in favor of a shareholder proposal has never before occurred at an annual meeting of a public company in the United States,” Flaherty said. “We look forward to having our day in court to hold Mr. Buffett and Berkshire Hathaway accountable for their actions,” said NLPC Counsel Paul Kamenar. It is expected that the federal court will rule in the coming weeks on Berkshire’s motion to dismiss. Click here for NLPC’s Brief. Click here for Exhibit #1 (charge dismissal document). Click here for Exhibit #2 (meeting transcript) Click here for Exhibit #3 (Flaherty Declaration) Click here for NLPC’s original Complaint (May 3, 2024) Founded in 1991, the National Legal and Policy Center promotes ethics in public life through research, investigation, education and legal action. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

August 21, 2024 02:00 PM Eastern Daylight Time

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Federated Indians of Graton Rancheria Supports California Governor Newsom’s Call to Halt Tribal Gaming Projects That Are Contrary to U.S. Department of Interior Precedent

Federated Indians of Graton Rancheria

California Governor Gavin Newsom’s Office urged the Department of the Interior not to move forward with new casino projects proposed by the Koi Nation of Northern California and the Scotts Valley Band of Pomo Indians at locations outside of their aboriginal homelands. In a letter to Assistant Secretary Bryan Newland, the Governor’s Office notes that both projects are far outside the aboriginal territory of the Koi Nation and the Scotts Valley Band and the Department of the Interior has failed to consider reasonable alternative locations within their Lake County homelands. The Governor’s Office also expressed concern that the Department of the Interior could stretch the limits of what is allowed under the Indian Gaming Regulatory Act to move these proposed casino projects forward, sidestepping the state and ignoring the concerns of other tribes and local communities. “ The Federated Indians of Graton Rancheria appreciates Governor Newsom’s support in protecting tribal sovereignty against Interior’s unexplained rush to move these projects forward while ignoring the concerns of local tribes,” said Federated Indians of Graton Rancheria Chairman Greg Sarris. “We have repeatedly explained to Interior that these projects will have devastating impacts to the rights and cultural resources of our Tribe and others in whose ancestral territory these prospective projects are located. Interior Secretary Deb Haaland has ultimate responsibility for these decisions and needs to ensure that Interior is working to protect the interests of all tribes.” *** About the Federated Indians of Graton Rancheria Graton Rancheria is a federally recognized Indian tribe comprised of Coast Miwok and Southern Pomo Indians. Legislation restoring federal recognition to the Federated Indians of Graton Rancheria was signed into law in December 2000. Tribal lands are located in Rohnert Park, Sonoma County, CA. For more information, visit www.gratonrancheria.com. # # # Contact Details Landis Communications Inc. Brianne Miller +1 650-575-7727 graton@landispr.com Company Website https://gratonrancheria.com/

August 20, 2024 04:48 PM Pacific Daylight Time

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Caddis Cloud Solutions and Ultrascale Digital Infrastructure Forge Strategic Alliance to Revolutionize Data Center Technology

Caddis Cloud Solutions

Caddis Cloud Solutions, a leading global advisory firm in data center development, cloud capacity sourcing, and end-user deployment, announces a strategic partnership with Ultrascale Digital Infrastructure, an experienced, cutting-edge technology company dedicated to creating advanced, sustainable and customized data center solutions. Together, Caddis and Ultrascale are poised to revolutionize the data center industry by providing clients with innovative, sustainable and comprehensive solutions ready for the Age of AI. This partnership marks a significant step forward in addressing the unprecedented challenges of digital infrastructure and modern data center operations. Caddis’ expertise in comprehensive data center development combined with Ultrascale’s innovative cooling and sustainable design technologies enable clients to activate a robust suite of services including site master planning, capital partner management, strategic data center development, cloud capacity sourcing, end-user deployment, and patented immersion cooling solutions. Ultrascale's immersion cooling technology provides data centers with unmatched efficiency and sustainability by reducing energy consumption by up to 70%, while eliminating the need for water and toxic chemicals associated with traditional data centers. These comprehensive solutions are designed for both new constructions and existing facilities, allowing for phased implementation to minimize disruption and downtime. “Ultrascale Digital Infrastructure and Caddis Cloud Solutions share an innovative spirit and core philosophy that make this new partnership a natural match,” said Arnold Magcale, founder and CEO of Ultrascale Digital Infrastructure. “We’re both deeply committed to holistic solutions that are uniquely designed to stand the test of time, rather than cookie-cutter fixes that can leave clients behind the curve - scrambling to catch up. Ultrascale’s sustainable cooling technology and customizable data center designs are a perfect complement to Caddis’ ground-breaking real-estate infrastructure approach. We’re excited to begin partnering with the top talent at Caddis and look forward to delivering exceptional results for our clients.” “Partnering with Ultrascale Digital Infrastructure allows us to elevate our service offerings and provide our clients with innovative and sustainable data center solutions,” said Scott Jarnagin, founder and CEO of Caddis Cloud Solutions. "Most traditional data centers rely on freshwater cooling systems to manage the heat generated by electronic equipment, but those systems are costly and waste massive amounts of water. By incorporating Ultrascale’s advanced cooling technology, we can continue to deliver solutions that significantly reduce energy consumption and environmental impacts, setting a new benchmark for the industry.” The new alliance will help clients confidently navigate the rapidly evolving data center market while delivering the sustainable, reliable and customizable outcomes needed to withstand the test-of-time. The partnership is effective immediately. About Caddis Cloud Solutions Caddis Cloud Solutions is a premier global advisory firm specializing in strategic Data Center development, cloud capacity sourcing, and end-user deployment. With over 25 years of experience in bridging the gap between cloud capacity supply and demand, the firm ensures clients – from hyperscalers to enterprises, to cloud infrastructure providers, data center developers and operators, and others – receive tailored solutions for their cloud infrastructure needs. Caddis aims to form long-term partnerships with clients that extend beyond single engagements. For more information, please visit: www.caddiscloud.com About Ultrascale Digital Infrastructure Ultrascale Digital Infrastructure is a visionary technology company founded with a single purpose: to deliver the most innovative, sustainable and customizable data center solutions on the market, without compromising its core commitment to the environment. Ultrascale technology is strategically engineered to empower tomorrow’s data centers – today, while also supporting individual business executives, entrepreneurs, innovators, creators, government leaders, NGO’s and disenfranchised communities across the globe. But Ultrascale isn’t stopping here on planet earth. Ultrascale designs are already being used by its partners in space. For more information visit UltrascaleDI.com. Contact Details Kite Hill PR Lara Schembri +1 202-262-5311 lara@kitehillpr.com Company Website https://caddiscloud.com/

August 20, 2024 09:00 AM Eastern Daylight Time

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Avenue Z Announces Strategic Partnerships with TikTok Shops and Shopify: Driving New Advancements in Social Commerce

Avenue Z

Heading into the crucial Q4 holiday retail season, Avenue Z, a media and technology company, announced its strategic partnerships with TikTok Shops and Shopify. These collaborations amplify Avenue Z’s cutting-edge approach, highlighting its role as an official TikTok Shops Agency Partner and Shopify Plus Partner, delivering unmatched benefits to shoppers, creators, and brands. Avenue Z, a leader in social commerce, is renowned for its ability to drive influence across all channels, where Shopify’s e-commerce platform and TikTok Shops’ affiliate and influencer marketing abilities are a critical part. “Shopify and TikTok Shops are the key drivers paving the new path that is social commerce” said David Corchado, Chief Strategy Officer at Avenue Z, and Head of Channel Partnerships. “They continue to innovate store functionality and enhance the on-platform shopper experience. Now with the prioritization of TikTok Live content, any DTC / B2C brand heading into the holiday retail season must have these two pieces in their e-commerce ecosystem, or they’ll miss the mark on Q4 performance.” This partnership provides direct access to TikTok Shop expertise, along with insights from Shopify and Shopify Plus experts, all designed to optimize the shopping experience, boost revenue, and enhance brand reputation. Avenue Z will also be working with brands on TikTok to stream “LIVE” content allowing viewers and creators to interact in real-time. Easy Access to TikTok Shop Expertise for Brands With over 150 million monthly active users in the US, TikTok is revolutionizing social commerce. Avenue Z’s status as a preferred TikTok Shops Partner (TSP) allows brands to tap into platform expertise and support to leverage viral marketing trends, transforming product discovery into instant purchasing decisions. This collaboration enables brands to easily engage with TikTok’s dynamic audience through Avenue Z’s expertise and creator network, leveraging real-time analytics and advanced tools to maximize sales and brand presence. “Affiliate and influencer marketing have evolved and merged into a highly effective strategy for performance marketing,” said Jonathan Snow, Chief Innovation Officer at Avenue Z, in a recent Fast Company article. “Brands can make the most of this by engaging a large number of affiliates and offering attractive commissions, all through the TikTok Shop platform. Paired with our platform expertise, social commerce will be a critically important revenue generating channel for brands in Q4.” Shopify Expertise for eCommerce Brands As a Shopify Plus Partner, Avenue Z helps brands optimize their digital storefronts and expand their reach, driving growth in a competitive marketplace. With Shopify, brands can manage and grow their online presence across multiple channels, ensuring a seamless shopping experience that meets the evolving preferences of today’s consumers. “This is why our Shopify Plus Partner status is so important, we’re able to bring the best in e-commerce to our clients,” said Snow. “Shopify has the world’s highest converting checkout experience, augmented by Shop Pay which expedites the payment process and offers consumers rewards and cashback. Thanks to this, Shopify Payments represents a staggering 61% of Shopify’s GMV, which climbed $2B in Q2 2024 (YoY), and was able to do so despite unfavorable consumer market conditions. When the tide turns and we enter a stronger consumer market in the near future, just imagine what Shopify’s growth will accelerate to.” Snow’s outlook for DTC/B2C brand performance in Q4 2024 remains strong, but only when best-in-class e-commerce tools and talent align, as is the case with Avenue Z’s Shopify Plus Partnership. Biggest Brand Benefits: Driving Revenue, Elevating Reputation As Avenue Z continues to pioneer advancements in social commerce, the strategic partnerships with TikTok Shops and Shopify mark a significant milestone. “Channels like this - TikTok and Shopify - are critical avenues for driving influence today, for brands looking to elevate reputation or increase revenue,” said Jeffrey Herzog, Founder, Chairman, and CEO of Avenue Z. “They are top performers in our channel network, excelling at driving commerce, connections, and conversions for our clients. We will undoubtedly expand in this area by adding more channels and expertise in the coming months." These partnerships highlight Avenue Z's continuous effort to stay at the forefront of innovation, ensuring that their clients can leverage the latest technological advancements to captivate and engage audiences across all channels. About TikTok Shop & TikTok Shop Partners (TSPs): TikTok Shops is a completely personalized and fully integrated commerce solution, where sellers can authentically connect with creators and communities to drive meaningful shopping experiences. Their network of experienced TikTok Shop Partners (TSPs) offer a range of services to sellers, enabling them to scale business on TikTok Shop effectively. About Shopify & Shopify Plus Partners: Shopify is the #1 complete commerce platform that lets anyone start, manage, and grow an e-commerce business. By bundling commerce activities into a single platform, business owners can sell in multiple places, across multiple channels, and integrate features and functionality that shape the future of commerce. Shopify Partners make up a diverse ecosystem across all segments of ecommerce, helping brands to innovate and implement faster. About Avenue Z: Avenue Z is a media and technology company breaking traditional boundaries between digital marketing, advertising and strategic communications. Our unique combination of smart media and smart content, informed by data science, has proven to increase a brand’s revenue and elevate its reputation. From the Wall Street Journal to TikTok, PR to social and search, our approach yields outcomes in commerce, connections, and conversion across all channels. With experts based in Miami, New York, and Orlando, serving a global roster of category leading brands - we drive influence. Visit www.avenuez.com Contact Details Avenue Z +1 407-637-2833 press@avenuez.com Company Website https://www.avenuez.com

August 20, 2024 08:15 AM Eastern Daylight Time

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New Survey Finds 1 in 10 US Workers are Digital Nomads: Social Contract and Policy Response Are Needed by Regulators and Corporations Alike

MBO Partners

The latest research conducted by​ MBO Partners® reveals that digital nomadism like many other social norms has evolved, faster than relevant regulation and corporate policies from a niche lifestyle to a mainstream work movement, necessitating urgent action from employers to adopt comprehensive policies now and for a change in the social contract between workers and corporations. The 2024 State of Independence Report shows that 11% of the U.S. workforce, or 18.1 million workers, now identify as digital nomads. Despite this trend, 36% of these workers operate without formal employer consent, exposing companies to significant regulatory, tax, compliance, and cybersecurity risks. As more workers aspire to this lifestyle, formal, enforceable policies become critical, enabling employers to mitigate risks and capitalize on this rapidly growing workforce segment. “Today, leading organizations know they must attract top talent to survive, including allowing workers to operate when and where they want,” said Miles Everson, CEO of MBO Partners. “Implementing formal policies to track and engage with remote and nomadic workers should be considered standard practice. In this case, policies aren’t restrictive, they help attract the most in-demand workers while reducing potential legal, regulatory, and IT risks. At the same time today’s social contract is outdated and needs to be changed to reflect the reality of workers’ rights and to properly align work arrangements to reduce the regulatory burden on corporate America." Key trend insights revealed in this year’s study include: Digital Nomadism has evolved from niche to normal. The 2024 report reveals that more than one in ten workers is now a digital nomad, reflecting a 4.7% increase from the previous year and a remarkable 147% growth since 2019. Digital nomads now constitute 11% of the U.S. workforce, reflecting that this way of working is now the new normal for independent workers and traditional employees alike. Structured digital nomad programs are win-win for employers and workers alike. As digital nomadism becomes more prevalent, employers recognize the benefits of implementing these programs for talent acquisition and internal compliance with tax, legal and security policies. Digital nomads are ambassadors for work-life balance. Digital nomads often serve as ambassadors for their companies, showcasing the attractive work-life balance that employers of choice can offer. By aligning work projects with employees’ travel plans, companies can create a win-win situation where both productivity and employee satisfaction are maximized. This alignment not only enhances the employee experience but also fosters a positive and dynamic company culture. ‘Slomading’ and ‘Tethered Nomading’ trends strengthen social connections. Four in ten (40%) of digital nomads plan to spend more time in the U.S. next year, both due to the increasing complexities of travel and because they may have some in-office requirements. In fact, 51% plan to travel exclusively within the U.S., up from 42% in 2022. Digital nomads visit fewer locations but spend more time at each stop, a trend known as “slomading.” This approach provides a more active social life, reduces travel stress, and improves work productivity and relational diversity. Hidden corporate digital nomads create risks. Digital nomads with traditional jobs can leave their employers vulnerable to regulatory, tax, compliance, and legal risks. Despite these risks, few organizations have formal digital nomad policies. Many digital nomads work under informal agreements or without their employer’s knowledge, increasing legal and cybersecurity risks. About one-third of digital nomads with traditional jobs are “hidden,” meaning their companies are unaware of their nomadic status. Millions aspire to be digital nomads. In 2024, 21 million workers expressed a desire to become digital nomads, with 45 million considering it. This shows a significant interest in the lifestyle, despite only 7% to 9% of these aspirants becoming digital nomads. This data highlights a ready pool of potential digital nomads to fuel the trend’s continued future growth. To obtain a copy of the 2024 MBO Partners Digital Nomad research brief, please visit https://www.mbopartners.com/state-of-independence/digital-nomads About MBO Partners®​ MBO Partners is a direct sourcing platform that enables enterprises and independents to work efficiently together. Its unmatched experience and industry leadership enable it to operate at the forefront of the independent economy and consistently advance the next way of working. For more information, visit​ ​mbopartners.com. Contact Details Words For Hire PR Karen Swim, APR +1 586-461-2103 pr@mbopartners.com MBO Partners Michelle (Mick) Lee, Chief Administrative Officer mlee@mbopartners.com Company Website https://mbopartners.com

August 20, 2024 08:00 AM Eastern Daylight Time

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