Internal Audit in JVs: Department and Head of Internal Audit
Description of the role of the head of the internal audit function, and the function itself.
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.
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Description of the role of the head of the internal audit function, and the function itself.
Outline of a model governance structure and roles, with descriptions of common elements of each role.
Checklist for dealmakers structuring JV contract terms related to JV information reporting and audit rights.
Approach that a corporate center can use to assess its portfolio of ventures.
Exercising influence as a non-operating partner – not by the contract alone. Optimizing value and eliminating “partner drag”. This actually makes life better for the JV CEO and Partner.
Detailed process and examples for developing Guiding Principles for a JV.
Tools to assess your JV’s voting rights and whether those should change to reflect evolution in the JV.
Sample matrix covering the most common decisions and authorities in a joint venture.