Tracy Branding

As a Director at Water Street Partners, Tracy supports our clients with complex transactions and governance-related matters. Tracy has experience across a variety of industries, including oil and gas, alternative energy, technology, finance, and real estate.
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Who's My Boss Secondee Reporting and Loyalty

By Tracy Branding | Thursday, November 15, 2018
SECONDEES PLAY a key role in many joint ventures: some 80% of joint ventures have secondees in top management roles (e.g., COO, CFO) and 55% have a seconded CEO ( Exhibit 1). Parent companies use secondees for various reasons – for instance, to provide critical skills and capabilities, to accelerate initial staffing in experienced roles, or to secure added transparency, assurance, and influence over venture activities.

But companies often fail to adequately define and align on how secondees will be managed once in the joint venture. This can lead to secondees unable to answer a seemingly simple question: Who’s my boss? 

It doesn’t have to be this way.

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