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.
Read More
- About
- Industries
- Services
- Articles
- Infographics
- Water Street Insights
- Water Street Classics
- How to Structure a Joint Venture: The Five Essential Elements of JV Dealmaking
- Governing the Whole Business: Why and How Corporate Boards Should Care about their Diversified and Non-Controlled Entity Portfolios
- How to Manage a Joint Venture: Do You Have the Right Stuff?
- CalPERS Global Principles of Accountable Corporate Governance
- Joint Venture Portfolio Management: How Natural Resource Companies Are Moving to Deliberately Manage their Portfolios of JVs
- Director Assessments – Common Sense but Not Common Practice
- Alliances: Getting Non-Equity Collaboration Right
- Water Street JV Newsfeed
- Membership
- Contact Us
