IoD chairman launches Brexit event
● 2 December event to feature the British High Commissioner as keynote speaker
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: email@example.com 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