Shishir Bhargava

Shishir Bhargava is a consultant with Water Street Partners. He advises clients on joint venture transactions, restructurings, and governance-related matters across multiple industries, including oil and gas, chemicals, industrial, and mining. His recent work experience includes helping global clients optimize governance and oversight of their individual and portfolio of joint ventures.
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Recent Posts

Joint Venture Director Selection: Shouldn’t the Board Have a Say?

By Shishir Bhargava | Thursday, October 25, 2018

VIRTUALLY ALL joint venture legal agreements provide owner companies with the unilateral right to nominate anyone they deem fit to serve as their representatives on the JV Board or equivalent body. In practice, owner companies often make these choices based on internal needs and dynamics, and often in a rush – for instance, appointing their CFO to maintain optics after the partner does the same, or using the role as a development opportunity or carrot for a younger executive.

But owner companies almost never consult with the constituency best positioned to provide advice: the JV Board itself. This leads to JV Boards that lack the mix of skills and personal attributes necessary for success – and that miss out on an opportunity for self-reflection that fosters a common culture and collective sense of self.

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