AGENDA

DAY ONE - September 20, 2017

8:00 a.m. to 9:00 a.m.  Conference Registration and Continental Networking Breakfast

9:00 a.m. to 12:30 p.m.  PANEL: The United Kingdom’s withdrawal from the European Union:  Helping the United States Multinational Business Community Understand Process, Policy and Politics -- Where, How and When to Engage.

Opening Comments: The Rt. Hon. Nigel Adams, UK Member of Parliament, House of Commons   

PART ONE:  The Process 

Now that Article 50 of the Lisbon Treaty has been triggered, the UK must not only negotiate a favorable exit from the EU, it must also do three things that will affect U.S. and wider European economic interests. First, it will have to replace the EU's common tariff commitments for both goods and services at the World Trade Organization. Second, it will negotiate new trade arrangements between the UK and the EU27. Third, it seeks to negotiate a trade agreement with the United States as well as many other non-EU countries. This discussion will overview status, the negotiation process, timelines and milestones impacting U.S. multinational corporations trading with the UK and/or EU.

Presentation by: Charles Lewington, Chief Executive, Hanover Communications International, U.K.

PART TWO:  Politics and Policy 

A primary driver for many U.S. companies to invest in the UK is not only to serve the U.K. market, but also to gain access to the much larger EU Single Market. Similarly, many U.S. banks and financial institutions have established UK operations and rely on 'passporting' via London to access the EU Single Market. These U.S. multinational companies are prioritizing a wide, open and strong gateway after Brexit and a stable contingency during the negotiation process. Hear from Members of British and European Parliament who were on the front lines of the Brexit campaigns and who are currently involved in the Brexit process to understand the political and policy environment and insights into a future trading relationship with the U.S. and other countries.

Roundtable Discussion includes:

The Rt. Hon. Nigel Adams, UK Member of Parliament, House of Commons 

Lord Martin Callanan, UK Member of Parliament, House of Lords, and Former UK Member of European Parliament

The Rt Hon Chris Heaton-Harris, UK Member of Parliament, House of Commons and Former UK Member of European Parliament

The Rt Hon Emma McClarkin, UK Member of European Parliament

10:30 a.m. to 11:00 a.m. Networking Break

PART THREE:  U.S. Multinational Companies' Engagement: Where, How, When and With Whom? 

Who are the Brexit negotiation decision-makers and stakeholders in the UK and the EU? Learn who these critical stakeholders are in London, Brussels and elsewhere. Presentations will include detailed stakeholders maps, and strategies and tactics from some of the UK and EU's leading government affairs professionals for guidance on how best to engage with these key decision-makers and stakeholders. 

Presentations by:

Andrew Porter, Partner and Co-Head London Public Affairs Team, Brunswick

Lucy Thomas, Head of Brexit Advice, Edelman UK

PART FOUR: What Does All of This Mean for U.S. Multinational Companies?

All morning speakers will participate in a moderated roundtable addressing key concerns of U.S. multinational companies.  Topics will include, but are not limited to, market access, impact on UK and EU domiciled workforces, free movement of capital, foreign exchange and free movement of goods and people.

12:30 p.m. to 1:30 p.m. Networking Lunch

1:30 p.m. to 2:45 p.m.  PANEL: Planning for Brexit: Strategies, Scenarios and Risk Assessment for U.S. Multinational Companies  

Advance business strategies and strengthen planning processes with leading experts on key issues such as labor, data and supply chain management, environmental and other regulation, commercial contracting, tax, anti-trust and more.

Labor Movement Considerations for U.S. MultinationalCompanies with Locations and Employees in the UK and/or the EU  

Begin to prepare for labor movement considerations during and post-Brexit.

  • Considerations for business relocation, downsizing and/or redundancies, relocation of jobs/repatriation of workers, talent retention and potential for a ‘brain drain.’ 
  • How to audit your European and UK expatriate workforce to proactively identify and manage issues. 
  • An examination of policies under consideration to redefine workers’ immigration status; including a work permits system and possible exemptions for European bankers and other ‘highly-skilled’ employees. 

Presentation by: Warren Marine, Head of Country Practice USA, KPMG International, Germany

Brexit’s Impact on Antitrust, Competition, Regulation and Commercial Contracts 

The UK’s withdrawal from the EU requires a review of anti-trust, competition, environmental and other regulation, and commercial contracting processes for U.S. companies with operations in the UK and/or EU. This panel will provide insights for U.S. multinational companies on contingency planning and risk management when the outcome is uncertain.   

Presentation by: Bruce Hoffman, Head of Global Competition Practice, Hunton and Williams

2:45 p.m. to 4:00 p.m.  Panel:  Markets and Money   

Join experts from trading and financial institutions for a conversation on the macro-level impact of Brexit on international markets.  

  • Currency: what impact has Brexit had on global currencies? 
  • When the dust settles, how will the US dollar, British pound and Euro have fared?  · How much global market volatility is Brexit truly creating?  
  • Is a worldwide economic slowdown inevitable? 
  • Does a strong US dollar really hurt US trade? 
  • Many expect the Federal Reserve to raise interest rates. If so, what impact will this have on global markets as the UK and the EU move through the Brexit negotiation phase?  

Presentations and Discussion:

Elsa Lignos, Managing Director and Head of FX Strategy, RBC Capital Markets, UK

Peter Matheson, Managing Director of International Policy, Securities Industry and Financial Markets Association, New York 

Chris Brummer, Williams Research Professor, Director, Institute of International Economic Law, Georgetown University Law Center, Washington D.C.

4:00 p.m.  Adjournment

5:00 p.m. to 7:00 p.m.  Networking Reception, Embassy of the United Kingdom (Tentative)

Day Two - September 21, 2017

8:00 a.m. to 9:00 a.m. Continental Networking Breakfast

9:00 a.m. to 10:00 a.m.  The Contagion Effect: The Future of the European Union 

The UK is the first of 27 member states to vote to leave the EU. In this highly-dynamic political environment, how much influence will the UK referendum have on change at the European Union. Is the UK a unique circumstance or is it the first of a series of dominos to fall? What is the best path forward for the European Union and Europe as a whole? Join two experts with very different views as they debate this issue and more.

Moderator:

Alexandros B. Koronakis, Editor of New Europe (Independent European News), Brussels

Debate Participants:

Naweed Khan, Director-General, New Direction (foundation for european reform), Brussels

Henry Newman, Director, Open Europe

10:00 a.m. to 11:30 a.m.  PANEL: Market Access and Trade: Opportunities and Challenges for U.S. Multinationals Invested in the UK and the EU 

At the forefront of Brexit is how the UK will move forward in negotiating and establishing a new trade agreement with the EU and other countries with whom it traded as part of the EU trading bloc. Will the EU agree to the UK's desire to negotiate a future partnership alongside terms of withdrawal, as Theresa May put forth in the letter Britain sent to the president of the European Council. For U.S. businesses with headquarters, investments, people or other assets in the UK, this process is of major consequence as it will impact every aspect of operations. 

Implications for trade, currency volatility, economic growth, credit and investment, employment and free movement, pensions and benefits are all tied to how the UK moves forward. Many U.S. companies with large UK presence have already announced future plans. Some plan to stay, announcing new headquarters or other expansion plans. Others have indicated they are reviewing options, while others are planning to relocate. Germany and other EU countries are actively competing for this business.  

Hear planning considerations from leading corporations for their international operations, including headquarters, partnerships, distribution and more. How are these businesses successfully communicating with suppliers, shareholders, employees, investors and other key stakeholders? What opportunities exist in the short and mid-term to create an environment of growth and optimism for their U.S. goods and Services?   

Panel Discussion:

Sanjeev Gupta, Executive Chairman, Liberty House Group, UK

Michele Cahn, Vice President, Global Government Affairs and Philanthropy, XEROX Corporation

Joris Pollet, Director for Europe and IMEA Government Relations, Proctor & Gamble

Christopher Padilla, Vice President, Government and Regulatory Affairs, IBM Corporation

Rob Mulligan, Senior Vice President, Policy and Government Affairs, U.S. Council for International Business

Jackie Mesa, Senior Vice President, Global Policy, Futures Industry Association, Washington D.C.

Moderator:  Peter O'Keefe, Partner, Forbes Tate Partners, Washington D.C.

11:15 a.m. to Noon:  Keynote Address

The Rt. Hon Liam Fox, MP, UK Secretary of State for International Trade

Noon to 1:00 p.m.  Networking Lunch

1:00 to 2:30 p.m. PANEL:  How the U.S. Multinational Business Community Can Leverage the Brexit Negotiations and a post-Brexit Landscape to Create an Environment of Growth for U.S. Goods and Services  

The UK/EU Article 50 negotiation/implementation phase are anticipated to take years, and the process has already created uncertainty for multinational companies operating in the UK, including many U.S. businesses. As the UK negotiates new treaties and agreements, the period of economic uncertainty could linger.  

A hard Brexit poses substantial risk to the profitability of multinationals operating in the U.K. Preparing now for a hard Brexit scenario could backfire. It is anticipated that it could take much longer than two years for the U.K. and EU to agree to terms for exiting the EU. If the U.K. negotiates instead for a softer version of Brexit - or none at all - companies that relocate manufacturing and services elsewhere risk incurring a higher cost base. This leaves many U.S. multinational company leadership teams feeling anxious and reluctant to act 'too soon.' But waiting for a clearer sense of the future is the riskiest option of all. 

Successful companies thrive in uncertainty by incorporating change into the process of making strategy. Leadership teams can limit the negative consequences of a hard or soft Brexit by adopting a different approach to strategy today - one that anticipates and plans for a range of scenarios.  

Presentations:

Peter Guarraia, Partner, Bain & Company, U.S.

Thomas Kwasniok, Partner, Bain & Company, U.K.

John Forni, Managing Director, Corporate Tax, Grant Thornton

Stephen Simchak, Director International Affairs, American Insurance Association

3:00 p.m. to 3:15 p.m.  Networking Break

3:00 p.m. to 4:00 p.m.  PANEL:  Access to Capital and Financial Services

The United States is one of the largest investors in the UK with $588 billion in investments across sectors that include banking, manufacturing and real estate. Furthermore, the U.S. employs more than one million people in Britain. 

The extent of the impact of Brexit on investment activity and financial services will depend upon the outcome of the agreement formed between the U.K. and the EU. Prime Minster May said in her January 2017 speech that the U.K. would like to ensure “the greatest possible access” to the EU market and could seek elements of the current single market agreements for financial services. She also wants transitional arrangements for financial services and other companies so new rules are phased in over time. In the absence of a known agreement, some speculate that there are still significant unknown risks to investors and threats to business objectives, financial management and business operations. 

Our panel of experts will discuss the current environment for access to finance and financial services.  Discussion will include macroeconomic impacts such as debt availability and access to the EU institutional and retail investment and markets.   

Panel Discussion:

Peter Matheson, Managing Director of International Policy, Securities Industry and Financial Markets Association, Washington D.C.

4:30 p.m.  ADJOURNMENT