First, read the article on Brexit Wounds and then respond to this discussion question. In a global
Question:
First, read the article on Brexit Wounds and then respond to this discussion question.
In a global economy, companies routinely do business with customers internationally, operate foreign subsidiaries, and manage transactions in a variety of foreign currencies. After the June 2016 referendum in the United Kingdom, a majority of voters decided the UK should leave the European Union, a politico-economic union of member-states in Europe. Two immediate consequence was the decline of value in both the Euro and British Pound and downgrades in the credit ratings of both the EU and UK.
If you are the CFO of an international company, how would you address the political and economic uncertainty in the countries you operate? To what extent should businesses or their managers be active in the political arena? Should corporations be active in politics? Whose views, if any, should the corporation represent – shareholders, board of directors, management, employees?