Corporate collapses tend to have one thing in common. Board directors who take their eye off the ball or misread risk. Brexit is the ‘mother of all risks’ facing corporate Britain today.
The professional body for non-executive directors and Board members, listed on gov.uk, NEDonBoard has gathered a cadre of Directors ready to step up for those companies who wish to deal with Brexit risks and opportunities properly.
General Direct of NEDonBoard, Jean-Philippe Perraud says:
“Many FTSE and other Boards are already busy ensuring compliance with the 2018 Corporate Governance Code and are only recently focussing on Brexit”
“Brexit has many uncertainties to sort through and Boards need the right mix of skills so they make best use of remaining time. They need the right Directors in the Boardroom to supplement existing teams, and we have those Directors”.
NEDonBoard is the HMRC recognised professional body for Non-Executive Directors, board members and ad hoc Committee members.
NEDonBoard has prepared a cadre of ‘Board-Ready-Brexit-Ready’ Directors and executives specialising in areas such as:
• Brexit geo-strategic risk.
• Brexit Logistics and supply chain risk assessment.
• Brexit international opportunities focussing in some of major Commonwealth
• Brexit related audit and accounting risks.
• Brexit ready communications, shareholder and stakeholder management risks.
“We have prepared our cadre to be able to take practical steps to help firms survive and thrive in the wake of the UK vote to leave the European Union”, Perraud says.
The UK’s decision to leave the EU is the first of its kind. The trigger of Article 50 signified the start of an untested negotiation process with as yet unknown consequences for the country and its corporate sector.
NEDonBoard’s cadre of ‘Board-Ready- Brexit-Ready’ are prepared to identify the uncertainties, risks and opportunities that can be broadly categorised across three phases:
• The Near-Term: as the UK enters a period of on exit terms and future arrangements;
• The Mid-Term: as future arrangements are realised after the exit; and
• Enduring: as new relationships with countries outside of the EU develop.
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