Appointing a Board Member of a Joint Venture | Practical Law
A Practice Note addressing considerations when an equityholder of a joint venture entity appoints a representative to serve on the joint venture entity's board of directors or board of managers. This Note discusses benefits, risks, and burdens of appointing a joint venture board member, related due diligence for the appointing equityholder and board member to consider, and ways to minimize risk to both the appointing joint venture party and its board member.