How common it is, I can't say, but, I agree that all organizations (and individuals too) would be wise to engage in ongoing contingency planning.
At two business days out, yes, it seems possible that BSI neglected to establish a contingency plan for Brexit, and therefore a number of people probably lost a lot of sleep between midnight on Thursday and Monday morning. On the other hand, it's also true that nothing is going to change over night, so, for all practical purposes, today was soon enough.
One thing gained by waiting a bit was an opportunity to refine the assumptions underlying the contingency plan before rolling out their response. On Friday, everyone finally found out, for example, exactly how much the value of the pound and the stock markets would be affected, rather than best-guessing. Also, there are a lot of players in the mix, so BSI got a chance to see something of what the other players would actually do after a Brexit vote, again, rather than best-guessing.
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Julie Omohundro, ex-RAC (US, GS), still an MBA
Principal Consultant
Class Three, LLC
Durham, North Carolina, USA
919-544-3366 (T)
434-964-1614 (C)
julie@class3devices.com
Original Message:
Sent: 27-Jun-2016 16:31
From: David Lim
Subject: Brexit Impact on Clients of UK Notified Bodies
Julie,
When running a country, it is common to implement a contingency plan in view of any potential outcome. The UK government must have done so!
It is known that the UK is not ready to begin the process and thus, they need some time.
One thing I was expecting from the BSI is that the moment the referendum result is out, the BSI could have issued their contingency plan within 15-30 min. The plan of which should have been worked out in view of the potential referendum outcome. That wasn't the case.
When I provide guidance to my global audience, I emphasize that we should be ready, willing and able to deal with any matter under any possible, situated circumstances "even if we don't know what we don't know at the time."
Please enjoy watching how the process at the UK unfolds.
FYI: 26 years ago, I used to work for the grandson of the king of Scotland. He is now a cardiologist in Ohio, US.
s/ David
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Dr. David Lim, Ph.D., RAC, ASQ-CQA Phone (Toll-Free): 1-(800) 321-8567
"Knowledge is power only when it is practiced and put into action." - Regulatory Doctor
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