2011 JVX
2011
Subscribers to the Joint Venture Advisory Group may access copies of all JVXs online via the Joint Venture Advisory Group subscriber website.
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Developing JV Deal Options - Dec 2011 (JVX)
Topic: JV Structuring and Restructuring
Approximately 75% of serious JV negotiations fail to reach a deal. But all too often, JV negotiations fail for the wrong reasons. Why are JVs so hard to close – and why do deal teams waste months negotiating terms only to be greeted by late surprises? It shouldn’t be this way.
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JV Secondee Guidelines: Getting a Grip on Secondees - Nov 2011(JVX)
Topic: JV Organization
While many JVs are staffed by outside hires or by individuals who have severed their employment relationship with one of the parent companies, the majority of joint ventures also include at least some staff loaned – or “seconded” – from a parent. There are many good reasons to use secondees in joint ventures.
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Recent Trends on the JV Landscape - Oct 2011 (JVX)
Topic: Trends
As economies around the world attempt to rebound, companies have continued to turn to joint ventures to enhance those efforts. At the same time, JVs are being subject to new regulatory dynamics and scrutiny. The purpose of this memo is to outline some of the JV events, trends, and issues that we are seeing across industries and the world.
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The JV Balanced Scorecard - Sep 2011 (JVX)
Topic: Strategy and Planning
Like those running any business, executives setting up or operating JVs need to establish performance metrics and targets, cascade them into plans, scorecards, sub-scorecards, and individual incentives – and then vigorously track delivery against these commitments. Just getting all parties aligned is often a demanding exercise.
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Managing Anti-Bribery and Corruption in Emerging Market JVs - Aug 2011 (JVX)
Topic: Legal, Compliance, IP
Companies continue to pour money into JVs in China, Russia, India, the Middle East, and other emerging markets. Succeeding in emerging market JVs requires corporate deal-makers, business unit presidents, JV Board members and management to manage a set of risks that take on an added premium in emerging markets. Add to this risk list: corruption and bribery. The purpose of this memo is to summarize how companies can deal with corruption and bribery in JVs.
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JV CEO Transitions: Getting it Right - Jul 2011 (JVX)
Topic: JV Organization
Being a JV CEO may be one of the most demanding jobs in business. When transitions are done well – magic can happen. But it rarely turns out this way.
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Are You Tough Enough to Manage Your Committees? - Jun 2011 (JVX)
Topic: Governance
Sketch out the governance and organizational structure of a joint venture, and you’ll often find at least a few – and sometimes far more – Board and other owner committees, sub-committees, and working teams operating in the never-never-world between the Board, the Shareholders, and Joint Venture Management.
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Organizational Network Analysis - May 2011 (JVX)
Topic: JV Organization
Organizational Network Analysis is a tool that sheds light on the largely invisible networks and relationships that help employees get work done across functional, hierarchical, and other organizational boundaries. It can be extremely useful in joint ventures and alliances.
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Designing Long-Term Incentive Plans in JVs - Apr 2011 (JVX)
Topic: JV Organization
Our work with dozens of JV Boards and CEOs shows that many JVs with LTIP programs find the current design suboptimal in important ways. The purpose of this memo is to outline four common LTIP structures used by JVs.
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Restructuring Natural Resource JVs - Mar 2011 (JVX)
Topic: JV Structuring and Restructuring
Despite 100 years of joint venture experience the natural resource industry has a JV problem. Analysis suggests that one-quarter of the largest JVs in the oil and gas, alternative energy, metals and mining, chemicals, and power industries are in need of restructuring.
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JV Director Effectiveness in 2011 - Feb 2011 (JVX)
Topic: Governance
Though they entrust JV Directors to oversee some of the largest and most strategically important businesses and assets in their portfolios, some 79% of companies provide essentially no training or education for new JV Directors. Being a good JV Director is far from pre-ordained.
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Show Me the Money: JV Executive Compensation - Jan 2011 (JVX)
Topic: JV Organization
Determining just how to compensate the executives who run a joint venture introduces some unique questions for JV Boards and Compensation Committees. Towers Watson and Water Street Partners recently conducted the first-of-its-kind benchmarking of joint venture executive pay levels and pay practices. What we found is this…
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Body - Continued: