Steve Henning Ph.D., CPAPartner-in-Charge of Financial Advisory Services
Marks Paneth LLP
Steven L. Henning, Ph.D., CPA, is the Partner-in-Charge of Advisory Services at Marks Paneth LLP. He has more than 30 years of experience in public accounting, securities litigation, consulting related to US Generally Accepted Accounting Principles (US GAAP), International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS) as well as teaching at the university level.
Dr. Henning provides litigation consulting and expert witness services and assists boards of directors and senior executives in understanding and complying with regulations of the United States Securities and Exchange Commission (SEC) and other financial reporting requirements. His work in this area includes helping foreign private issuers to register and list their shares in the United States, responding to SEC comment letters and seeking SEC preclearance on reporting issues, conducting accounting training sessions for the personnel of multinational companies and consulting on issues such as fair value, among others.
His distinguished career spans the regulatory arena as well as public accounting, corporate finance and academia. He has worked as an audit manager for a Big Four accounting firm and as a manager of acquisitions and corporate financial planning for a global provider of logistics and transportation solutions.
He is also an accomplished educator, having served as an accounting professor for several years at the University of Colorado and, most recently, at Southern Methodist University. Throughout his academic career, he received several teaching awards and published numerous articles.
Notably, Dr. Henning earned the honor of serving as an Academic Fellow in the Office of the Chief Accountant at the SEC. In this role, he consulted with companies on registrant issues and provided guidance on rule making.
Dr. Henning was a member of the Listing Qualifications Panel of the National Association of Securities Dealers Automated Quotation System (NASDAQ), a group of independent experts that makes the final determination of listing status on appeal after a company has been delisted by NASDAQ. His ten-year term ended December 31, 2015. He is a former member of the SEC Regulations Committee, which acts as the primary liaison between the accounting profession and the SEC on technical matters relating to SEC rules and regulations. He is a member of the firm’s Executive Committee, which sets policy and strategy, and also a member of the Management Committee, which advises on day-to-day operations of the firm.
Dr. Henning has contributed to numerous industry publications and journals. He was quoted extensively on the topic of IFRS and the current financial crisis in an article entitled “The Future of Accounting Principles” in the February 2009 issue of Financier Worldwide magazine. He also is involved in IFRS and IPSAS training.
In addition to his extensive professional involvement, he serves on the board of directors of the Center for Advanced Technologies, a nonprofit organization that advances knowledge about valuing and monetizing intellectual property. He is also active as a youth athletics coach in his hometown.
Dr. Henning holds both a Ph.D. and a Bachelor of Business Administration from the University of Wisconsin and a Master in Business Administration from the University of Miami. He is licensed to practice public accounting in New York and Wisconsin. He is based in the firm’s midtown Manhattan headquarters.
Areas of Practice:
IFRS, IPSAS and GAAP Consulting
States Licensed In:
University of Wisconsin-Madison
Doctorate of Philosophy
University of Miami
Master in Business Administration
University of Wisconsin-Milwaukee
Bachelor of Business Administration
Past Member, NASDAQ Listing Qualifications Panel
Past Member, SEC Regulations Committee
American Accounting Association
American Institute of Certified Public Accountants
New York State Society of Certified Public Accountants
Wisconsin Institute of Certified Public Accountants
Member, Board of Directors, Center for Advanced Technologies
Youth Athletics Coach, Stamford, Connecticut
The value proposition may be in thinking creatively about further exploiting the IP that is controlled. While IP is typically developed for a particular use in a specific context or industry, others may more readily see the opportunity of redeploying that IP in different contexts. The session will focus on actual examples where companies created substantial value by creatively exploiting IP. For example, a mature manufacturer of building products was awarded certified carbon credits because of its use of recycled products that eliminated greenhouse gas emissions. In another instance, a medical device compound is used to coat solar panel connectors to dramatically increase the efficiency of those cells.
There are many examples of inter-industry exploitation of IP. We will discuss the process of identifying such opportunities and cover the challenges, costs and benefits of doing so.