IoD chair­man launches Brexit event

● 2 De­cem­ber event to fea­ture the Bri­tish High Com­mis­sioner as key­note speaker

Malta Independent - - BUSINESS & FINANCE -

In­sti­tute of Di­rec­tors Malta (IoD) chair­man James J. Satar­i­ano has an­nounced that, al­though no one can pre­dict with any great ac­cu­racy what the EU will look like in 10 years’ time, IoD Malta is hold­ing an im­por­tant event in con­junc­tion with the Bri­tish High Com­mis­sion and the Malta In­sti­tute of Man­age­ment to high­light the op­por­tu­ni­ties for and threats to the Mal­tese Is­lands in re­la­tion to the Brexit process.

The event, en­ti­tled ‘What fu­ture is there for Malta, Bri­tain and the EU af­ter Brexit?’ will be held on Fri­day, 2 De­cem­ber in the MFSA con­fer­ence room, start­ing at 3pm. It will fea­ture three key­note speak­ers and will be mod­er­ated by IoD Malta’s rep­re­sen­ta­tive to ecoDa (Euro­pean Con­fed­er­a­tion of Di­rec­tors’ As­so­ci­a­tions) Ed­win Ward.

Mr Satar­i­ano points out that an im­pres­sive list of speak­ers has been as­sem­bled for the event, which will start at 3 pm: Bri­tish High Com­mis­sioner Stu­art Gill; well-known busi­ness au­thor Dr Roger Barker – a UK Mem­ber of the Euro­pean Eco­nomic and So­cial Com­mit­tee (the EU ad­vi­sory body) and chair­man of the ecoDa Ed­u­ca­tion Pro­gramme for Euro­pean Di­rec­tors; and pro­vid­ing the Mal­tese per­spec­tive will be Ste­fano Mal­lia, former Pres­i­dent of the Malta Cham­ber of Com­merce, En­ter­prise and In­dus­try. Prior to the Grant Thorn­ton/EMCS merger in 2015, Ste­fano held the role of Di­rec­tor for EU af­fairs within the EMCS Group of Com­pa­nies. In ad­di­tion, he has an ex­cel­lent knowl­edge of the EU in­sti­tu­tions as a mem­ber of the Euro­pean Eco­nomic and So­cial Com­mit­tee, of which he is Vice-Pres­i­dent of the Em­ploy­ers Group and, more specif­i­cally, the Euro­pean Par­lia­ment and the Com­mis­sion with which he has dealt for a num­ber of years.

Mr Satar­i­ano said: “Strong in­ter­nal dis­in­te­gra­tion forces ex­ist both in the UK as well as in the EU. They cre­ate neg­a­tive dy­nam­ics, ham­per­ing the eco­nomic gov­er­nance of the eu­ro­zone as well as the suc­cess of any com­mon mi­gra­tion pol­icy. Sol­i­dar­ity is be­ing un­der­mined, which makes the com­monly en­vis­aged sce­nario of an in­te­grated core EU sur­rounded by a re­luc­tant pe­riph­ery a less cred­i­ble op­tion.

“A new English phrase has emerged and we hear it in the me­dia ev­ery day: “hard Brexit”. In­ter­na­tional in­vestors are deeply trou­bled that the Bri­tish seem to be opt­ing for the most eco­nom­i­cally dam­ag­ing ver­sion of Brexit: one that pri­ori­tises con­trol of im­mi­gra­tion over sin­gle mar­ket ac­cess. A ‘hard Brexit’ could mean the loss of hun­dreds of thou­sands of jobs in man­u­fac­tur­ing and many bil­lions in tax rev­enue from the City of Lon­don. Bri­tain is also a sub­stan­tial con­trib­u­tor to the EU bud­get and a wide range of EU pro­grammes will have to be heav­ily cur­tailed or axed al­to­gether with­out the UK’s money.”

Sum­ming up Mr Satar­i­ano said: “Brexit is easy to de­scribe and hard to achieve. The idea that Bri­tain could con­tinue to make a large con­tri­bu­tion to the EU bud­get in re­turn for ac­cess to the sin­gle mar­ket may be one form of so­lu­tion. The UK, as one of the old­est democ­ra­cies and strong­est economies in Europe, can still make a con­tri­bu­tion to Europe. The Euro­pean ideal is ul­ti­mately about en­sur­ing peace and pros­per­ity in Europe. As one of the EU27, Malta has a role in all of this and that is what we will be dis­cussing in depth at the MFSA on 2 De­cem­ber 2.”

The event has been ac­cred­ited with two hours of struc­tured CPE, qual­i­fy­ing for the at­tain­ment of Pro­fes­sional Devel­op­ment Com­pe­ten­cies in terms of the Ac­coun­tancy Board’s CPE Scheme and Ac­cred­i­ta­tion Rules. Those wish­ing to reg­is­ter for the IoD Brexit event are re­quested to con­tact Sec­re­tar­ial Ser­vices by e-mail: or call 2133 6507. Mem­bers of the IoD and the MIM ben­e­fit from a re­duced fee of €45, while non­mem­bers may at­tend at €55.

Bri­tish High Com­mis­sioner Stu­art Gill with IoD Chair­man James J. Satar­i­ano

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