Governing a Portfolio of Joint Ventures: How Do You Measure Up?
To this day, our Standards of JV Portfolio Governance Excellence remain the only tool for companies to independent- ly calibrate themselves against peers on the journey to excellence.
James Bamford is a Senior Advisor at Ankura based in Washington, DC. He joined Ankura with the firm’s 2020 acquisition of Water Street Partners, which he co-founded in 2008. Water Street Partners has been independently ranked as the number one global advisor on joint ventures since 2017. Prior to Water Street, he was global co-lead of the Joint Venture & Alliance Practice at McKinsey & Company.
View Full ProfileTo this day, our Standards of JV Portfolio Governance Excellence remain the only tool for companies to independent- ly calibrate themselves against peers on the journey to excellence.
TODAY, as environmental, social, and governance (ESG) issues take increased prominence and companies invest heavily to reduce their environmental footprints, natural resource companies have made only tentative steps to actively manage and shed light on the ESG performance of their non-controlled joint ventures.
Minority partners in joint ventures can still negotiate substantial rights to have a say in business decisions.
Ankura Joint Venture Index®: Second Quarter 2021
Ankura Joint Venture Index®: First Quarter 2021
Sample questions and output for assessing satisfaction of secondees in a JV.
Without diminishing the situation, a crisis may serve as a valuable catalyst for JV owners and boards to stop debating and take action on fundamental changes to restructure and improve existing ventures.
Definition of the elements of a corporate control framework and a methodology for assessing a JV’s control processes, policies, and support services.
This article argues it is time to bring greater rigor, independence, and comparative data to measuring the state of governance in joint ventures. The Joint Venture Governance Index is an objective and powerful way to do this.