to the Summer Edition of PSD's Board Practice InFocus
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.
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.
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.
of the Technology, Real Estate and Hospitality Sectors in China.
Article on the
changing non-executive board positions in the MCA Insight magazine written by
PSD's Flemming Hansen.