Sean O’Hare argues that Provision 29 of the 2024 UK Corporate Governance Code raises the bar for board accountability.

The introduction of Provision 29 in the 2024 UK Corporate Governance Code has been widely described as the most significant governance development in recent years.

While the Provision focuses on the board’s declaration regarding the effectiveness of material controls, its implications extend far beyond internal controls. Provision 29 signals a shift in expectations around board accountability, transparency, and the evidence underpinning governance disclosures.

To read the full article, purchase now or become a member for access to 2,500+ articles and monthly Governance Journals delivered straight to your inbox.

Sign up here.