JV Governance – More Physically-Demanding than Public Company Governance
The aim of this note is to simply spell out why joint venture governance is so challenging compared to public company governance.
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 ProfileThe aim of this note is to simply spell out why joint venture governance is so challenging compared to public company governance.
With joint ventures, management appointment rights can create reserved seating or open tables for the JV top team. Which will you choose?
The purpose of this article is to discuss a broader set of opportunities for companies to elevate their risk management game in joint ventures.
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The purpose of this note is to briefly describe common gaps in how JV Directors are selected for most JV Boards, and to share what best practice looks like for JV Boards to play a proactive role in shaping their future composition.
Part 1 of this series will focus on reconceptualizing the collective risk framework used in nonoperated ventures, while Part 2 will focus on closing gaps in operator due diligence, contract drafting, and ongoing governance.
Marry in haste, repent at leisure. Being stuck with poorly-negotiated or outdated terms is why companies don’t like joint ventures. Isn’t it time to memorialize the learning from past mistakes?
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