8.13 Decision-making in the JV requires careful consideration. Decision-making mechanisms need to allow the public sector body sufficient control (classification considerations are relevant to this) whilst allowing for efficient operation of the JV (see also Chapter 10).
8.14 In a company, the Companies Act, the company's memorandum and articles of association and/or the shareholders agreement identify how decisions are made both at shareholder and director level. In an LLP or LP decisions of partners and/or management are set out in the partnership agreement.