In many cases the private sector partner will be keen to take a majority holding in a joint venture company. If the public sector body is the majority shareholder the company will be subject to normal Government accounting policies and requirements, which potential partners may regard as incompatible with the pursuit of commercial enterprises. In this case the Agency initially wanted to take a majority holding but concluded that sufficient rights to protect Government interests could be achieved contractually with a minority holding. The Agency's legal advice was that a shareholding above 25 per cent and below 50 per cent was advisable. They decided that 30 per cent was sufficient to provide them with appropriate rewards. In coming to this decision they did not, however, carry out a detailed evaluation of each partner's contribution, something that we recommend should be done as a matter of good practice. (Paragraphs 2.22-2.24)