Boards ‘seriously unprepared’ for Brexit

June 13, 2016

Few businesses have taken adequate precautions to prepare for British exit from the EU, despite polls suggesting a narrow gap between the Leave and Remain sides.

Dechert Partner, Miriam Gonzalez, said most boards were still “seriously unprepared” for Brexit. “Only some — mostly in the banking, insurance and pharma sectors — have done the necessary nitty-gritty homework to understand what areas of their business would be at the highest risk,” she said.

Ms Gonzalez suggested that lack of preparation would not just be a potential problem for managers and shareholders, but also for the government, given it would need a clear message from companies about which areas of trade or regulation were of maximum importance.

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