Welcome to the Summer Edition of PSD's Board Practice InFocus


As I draft this introduction to PSD's latest Board Practice InFocus, the UK is glowing with pride at the results achieved by our Olympians in Rio and the fabulous medals they have won there.  How many of us would have thought that the Super Saturday, so named at London 2012, would be trumped by a Super Saturday and a Sensational Sunday at an away games in Rio.  Experts warned us to keep our expectations in check following a home games.  But what a triumph the Rio games have been for the UK.

So now we must turn our minds to a UK post Brexit - and make a success of it.  The Bank of England are demonstrating their commitment at keeping the economy as stable as possible and, whatever our personal views, we need to deliver on the referendum outcome and show the rest of Europe it was the right decision.  One client in the restaurant sector we spoke to recently quoted, “We have seen a bounce in trade since the vote - most of our sites are outside of London so perhaps that's telling!”  “However, as we move on into the Autumn and beyond, I have no doubt there will be a negative shock to our economy and to our sector in particular but we are prepared for that!”  “Longer term, I'd venture good operators and well-funded businesses will see opportunities arise, be it in site affordability (eg in London) or strategic M & A and so on”.  Another client commented, “So businesses cannot afford to get caught up in the hysteria. They need to hold their nerve and continue to invest in the UK”.  The Government appears to be taking time to get a plan for post Brexit in place; UK Sport took a strategic view and invested National Lottery and Exchequer funds in those sports where it felt the best chance of success lay - not all decisions were popular - but they appear to have got a lot right.

This edition of InFocus picks up some relevant post Brexit themes including the opportunity presented for English wine as well as an overview of the China market - “Is it hot or cold”.  We also feature a fine contribution from Stuart Metcalfe on Brand or 3rd party management partner selection and publish a piece written by our own Flemming Hansen on the changing role of NED's.  We are incredibly grateful to all our contributors.

Lesley Reynolds
Managing Director

Articles

Richard Balfour-Lynn is raising a British glass of wine to Brexit

Richard Balfour-Lynn is raising a British glass of wine to Brexit

Richard Balfour-Lynn talks to us about his plans for his Hush Heath vineyard following the recent Brexit decision and the future opportunities for the British Wine Industry.

Selecting a Brand or 3rd Party Manager

Selecting a Brand or 3rd Party Manager

Stuart Metcalfe turns his mind for PSD readers to his top 10 considerations for an Owner or Investor when contemplating selecting a Brand and/or engaging a third party management company.

Is China’s Market Hot or Cold?

Is China’s Market Hot or Cold?

An Assessment of the Technology, Real Estate and Hospitality Sectors in China.

Plural roles in the boardroom

Plural roles in the boardroom

Article on the changing non-executive board positions in the MCA Insight magazine written by PSD's Flemming Hansen.