External Publications

Research: Only 10% of Joint Venture Board Members Are Women

The boards of public companies are watched carefully to see how they’re doing on gender parity and other measures of diversity.

Joint venture boards get far less scrutiny — and it shows. According to our latest research, which covered more than 200 joint ventures across industries and geographies, only about 10 percent of JV directors are women. Compare that with the S&P 500 corporate boards, where 26 percent of directors are women. (That’s still a small number, but it’s been moving up.)

Read the full article originally published in the Harvard Business Review.

About the Authors

James Bamford

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.

David Ernst

David Ernst is a Senior Advisor at Ankura with more than 35 years of experience advising on strategy, transactions, restructuring, and governance matters. David is recognized as a global expert in the field of joint ventures. He has advised dealmakers and senior client executives across a range of industries, including oil and gas, chemicals, metals and mining, semiconductors, consumer goods, and health care. During his career, he has advised on more than 250 venture transactions in 33 countries, involving more than $300 billion in value, and has also served more than 100 existing joint ventures on governance and restructuring.


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