Businesses are increasingly partnering to meet their strategic objectives — but neglecting governance puts JVs and their shareholders at risk.
Even as companies are becoming more transparent about environmental, social, and governance practices, most of them provide little information about the impact of joint ventures. Many large companies are involved in numerous JVs, so the cumulative impact of these activities is significant. Companies can use three levers — partner due diligence, contractual terms, and governance — to work with partners to elevate ESG practices.
Read the full article originally published in the Harvard Business Review.