The latest updates to the UK Corporate Governance Code are set to go into effect on January 1, 2025 — and organisations are taking note. 88% of professionals stated that conformance with the updated Code is a high priority in 2024. Organisations must be prepared to comply with the new standards, even while managing the necessary internal changes to achieve conformance.
In a groundbreaking new report, “UK Corporate Governance: Turning Compliance into a Strategic Advantage,” AuditBoard and Ascend2 Research surveyed 265 audit, risk, and compliance professionals to understand how their organisations are approaching the reforms. The research highlights the importance of a strategic approach to conformance and demonstrates how organisations can gain a competitive advantage with successful and timely execution.
Read the report to discover key findings, including:
- Trends in how internal audit leaders and other stakeholders prioritise conformance
- An examination into gaps in prioritisation and confidence surrounding conformance.
- A look into the widespread use of AI in risk and control programmes
- The impacts of increased workloads and resource allocation due to the new reforms
