Brexit: Now What? What Your Company Needs to Know

By Darryl K. Taft  |  Posted 2016-07-06

On June 23, the people of Britain voted for a British exit (Brexit) from the European Union (EU) in a historic referendum. After the vote, the pound fell to its lowest level since 1985 and David Cameron resigned as prime minister. The impact of this exit vote will have international consequences for everything from banking and employment to privacy and data management. While it's too early to predict exactly how the Brexit vote will affect the global economy and international business practices, it's important for organizations in every country to think ahead. While it will be business as usual until more information is known, it may be best to start planning about how to best communicate with customers, partners and investors. Also, evaluate your company as well as competitors in your industry as to how regulatory changes will be addressed. How will your company adapt to changes related to corporate taxes and HR laws? Consider Brexit's impact on your workforce, data privacy and data management. After speaking with the executive team at SugarCRM regarding Brexit, eWEEK came up with five items today's businesses should think about based on the company's observations.


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