Sean O’Hare argues that the introduction of Provision 29 of the UK Corporate Governance Code means board performance disclosure must now move from compliance to strategic communication.

For many companies with December year-ends, February marks the moment when governance reporting moves from draft towards publication. It is a familiar ritual: annual reports are being finalised, board evaluations are summarised, and performance disclosures are prepared for stakeholders. Historically, this part of the reporting cycle has been treated as a compliance obligation ‒ a necessary but uninspiring exercise in meeting the requirements of the UK Corporate Governance Code (the Code).

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