Provision 29: The End of Compliance Theatre for UK Boards
Provision 29 of the UK Corporate Governance Code 2024 requires a formal board declaration on control effectiveness. The era of boilerplate governance is over.
Governance is a Board Mandate
Provision 29 has changed the game. Boards can no longer hide behind generic compliance statements. They are now required to formally declare the effectiveness of their internal controls. This is not a box-ticking exercise: it is a legal accountability framework.
Automated Evidence Collection
Manual audits are too slow and too expensive. Continuous monitoring is the only way to satisfy the new reporting requirements without ballooning your GRC budget. Automated evidence collection provides the proof your board needs to sign that declaration with confidence.
The ROI of Risk Visibility
GRC should be a competitive advantage, not a tax on growth. Real-time risk visibility allows you to take calculated risks that your competitors cannot. Compliance is the floor: governance is the ceiling.
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