Joint Venture (JV) Board meetings are often painful for JV CEOs. Shareholders locked in endless debates, constant requests for more information, perpetual indecision, and long conversations about immaterial matters over material ones – the list of challenges goes on and on.
It is no surprise that many JV CEOs tell us they feel trapped during Board meetings, faced with a growing list of problems and seemingly powerless to calm the waters.
But JV CEOs do not need to be victims of Board room chaos. There are six specific actions JV CEOs can take – often in collaboration with the JV Board Chair – to tame challenging Boards and help bring order to chaos. While none of these actions will eliminate all JV shareholder dysfunction, they can help Board interactions become more productive.
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