Key Insights from the 2023 Joint Venture Governance Benchmarking Study [Online Briefing]

The governance of joint ventures matters. Today, many companies hold interests in numerous joint ventures – businesses or assets that offer great promise and introduce significant risks due to their shared ownership and decision-making structure. Governing a joint venture well requires companies to adopt practices not found in the governance of public companies or wholly-owned subsidiaries.

In this online briefing, James Bamford, David Ernst, and Andrew Venezia discuss the findings from our recent benchmarking of 80 large joint ventures around the world, including key correlations with governance and financial performance, and data on governance practices related to JV Board composition, time allocation, use of committees, delegations of authority, and how individual shareholders organize to manage their interests.