4.22 The public sector body needs to identify the people within its organisation, or externally, with the necessary skills to:
● negotiate the deal with the private sector and form the JV (including specialist tax, legal and financial advisers);
● act, if required, as directors of JV; and
● work in the JV on secondment or as an employee of the JV, if appropriate (see Chapter 6).
4.23 The business case will also need to consider what resource the public sector body will need to have in place internally in the ongoing management and monitoring of the JV.
4.24 Potential directors will need to be made fully aware of their duties as a director. Where there is a potential conflict between the interests of the JV and of the public sector body, or for the individuals involved, it may be sensible from an early stage to restrict the participation of the "public sector" directors in the negotiations on behalf of the public sector body. Chapter 10 provides further details on directors' duties and conflicts of interest.