Provision 29: The End of Governance Theater
UK Corporate Governance Code Provision 29 requires evidence, not just assertions. The board is now personally responsible for control effectiveness.
Governance theater is over. Under Provision 29 of the UK Corporate Governance Code, boards must now provide a formal statement on the effectiveness of their internal controls. Ticking a box is no longer sufficient. You need evidence.
This shift places personal accountability on the board for the first time. If a control fails and you have declared it effective without rigorous testing, you are exposed. Compliance is no longer about avoiding fines. It is about professional survival.
Implement a real GRC framework that tracks effectiveness in real-time. Do not wait for an audit to find the gaps. Simplif-i ensures your governance is backed by data, not just hope.
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