The Strategic Imperatives of Getting a JV Off the Ground
Why cultural differences are often more acutely felt on joint venture boards – and what it means for companies and executives.
Flo Lugli of Global Hotel Alliance and Jason Mann of Life and Specialty Ventures
How non-controlling partners can use owner-provided services to gain transparency and influence in joint ventures with high ESG risks
It’s time to raise the bar on JV governance. Doing so demands operationalizing the legal agreements and aligning the shareholders on how the governance will actually work. A JV Governance Framework can do just that.
While recognizing the right for any company to organize itself as it sees fit, we assert that those that follow this guideline have a higher chance of success – and much lower levels of dysfunction – with its secondees.
JV negotiations are only the first battle – once a JV is established, another wave of problems awaits.
The potential rewards of successfully piloting a joint venture are enormous. Those who can navigate the considerable challenges should be a celebrated breed. Do you have the right stuff?