Learn from the mistakes of others

Four simple actions are needed in any partnership deal. First, an independent board must review all partnerships options. The reviewers must be people with expertise in the field who have been appointed for terms longer than an election cycle. Second, an external contractor, not a consultant hired by the investment banker, must review the feasibility of the project. Third, a fund to protect against default must be set up. And, finally, it is wise to enter into projects that are part of a longer-term strategy, such as the City of Cities Strategy, and are part of a bipartisan long-term contract to protect the assets from political manoeuvring.

Four simple actions are needed in any partnership deal. First, an independent board must review all partnerships options. The reviewers must be people with expertise in the field who have been appointed for terms longer than an election cycle. Second, an external contractor, not a consultant hired by the investment banker, must review the feasibility of the project. Third, a fund to protect against default must be set up. And, finally, it is wise to enter into projects that are part of a longer-term strategy, such as the City of Cities Strategy, and are part of a bipartisan long-term contract to protect the assets from political manoeuvring.

The Secret Government
A. John Radsan

( Read more... )

A. John Radsan was a federal prosecutor from 1991-1997 and assistant general counsel at the CIA from 2002-2004.
He teaches national security law at William Mitchell College of Law in Minnesota.

The Secret Government
A. John Radsan

( Read more... )

A. John Radsan was a federal prosecutor from 1991-1997 and assistant general counsel at the CIA from 2002-2004.
He teaches national security law at William Mitchell College of Law in Minnesota.