How will Georgia-Pacific fit in?
As we’ve discussed in the past few weeks, Georgia-Pacific’s culture is likely to grow in ways that have proven successful over the years at Koch. Even so, it is important to remember that Georgia-Pacific will be independently managed. Many Koch companies are wholly owned by subsidiaries of Koch Industries, Inc. or its sister company, Koch Holdings, LLC, but operate independently. What does independently managed mean? For one thing, these companies have their own active boards of directors, to which the company’s chief executive officer reports. The future Georgia-Pacific board will help steer the company and set clear expectations for Georgia-Pacific on issues such as adhering to the highest legal and ethical standards, ensuring appropriate risk-adjusted decisions are made, remaining mindful of the business’ long-term health and positioning, and fostering a culture focused on creating real value for its customers and stockholders. Other aspects of this “stand-alone” status Georgia-Paci
