Closing the Governance Gap in Joint Ventures
Businesses are increasingly partnering to meet their strategic objectives — but neglecting governance puts JVs and their shareholders at risk.
The oil and gas and mining industries have some of the highest environmental, social, and governance (ESG) risk profiles in the world. These risks expose corporations to potential liability in the locations they operate around the world.
However, an increasing number of legal decisions open the door to litigation closer to home and, specifically, potential parent company liability for overseas human rights violations by a foreign subsidiary or joint venture. These legal decisions change the calculus as companies balance reputational risks, commercial realities, evolving legislation, and investor expectations regarding ESG performance.
Read the full article originally published in the CEP Magazine.