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.
Outgoing JV CEOs Would They Transition to a Role on the Joint Venture Board
Should more joint ventures consider giving their outgoing CEOs a role on the Board? Our view is yes, with some important caveats.
Setting Operator Overheard Charges in JVs
Benchmarking analysis of natural resources JVs with suggestions on reducing partner frictions.
Stage-Gate Processes Related to JVs
This document is a compilation of some of the interesting processes and tools that companies use to screen and shape partnership transactions.
The Front-End of the Deal Process
This guide should serve as an outline of what the front-end of the deal process for potential joint ventures looks like in leading companies.
Tyranny of the Minority – Passmark voting Thresholds in Multi-Owner Ventures
Part 2 in a multipart series on Decision Rights and Voting in Natural Resource Joint Ventures.
Operator Authorities- Deceptively Clear or Clearly Deceptive?
Part 1 in a multipart series on Decision Rights and Voting in Natural Resources Joint Ventures.
JV Boardroom Information- Disclosures to Appointing Shareholders
It is not easy to be prescriptive about Board information disclosures, and JV Directors will always have to exercise their business judgment. But some guidance will provide JV Directors the compass they oftentimes require.
Royalty Payments in JVs – Low Rates and Unconventional Structures
Our analysis of more than 150 licensing agreements between joint ventures and their shareholders shows lower royalty rates compared to industry medians – and much more creative structures.