UK Corporate Governance Code Changes: What Boards Need to Know to Stay Compliant & Effective

Introduction

The revised UK Corporate Governance Code represents one of the most significant governance updates in recent years for premium-listed companies. Although the final version is less extensive than originally proposed, the changes place greater emphasis on board accountability, internal controls, risk management and transparent reporting.

Boards, company secretaries and governance professionals must understand not only what has changed but also how these changes will affect governance frameworks, board reporting and stakeholder expectations. With increased regulatory scrutiny and growing investor focus on effective governance, organisations need to ensure they are prepared well in advance of implementation.

This virtual classroom seminar will explain the key amendments to the Code, highlight the practical implications for boards and board committees and provide actionable guidance on implementing the new requirements. Attendees will gain practical insight into strengthening governance arrangements, avoiding common compliance pitfalls and preparing for future reporting obligations.

Recent developments relevant to this topic include:

• The 2024 UK Corporate Governance Code issued by the Financial Reporting Council (FRC)
• The introduction of strengthened provisions on declarations regarding the effectiveness of material internal controls
• Ongoing reforms to the UK corporate reporting and audit framework following wider governance reviews

What You Will Learn

This live and interactive course will cover the following:

• Why the UK Corporate Governance Code has been revised and what prompted the changes
• Which organisations are affected and when the new requirements take effect
• The key amendments introduced in the 2024 Code
• The new expectations surrounding board accountability for internal controls
• How the revised Code strengthens risk management and governance oversight
• The practical implications for boards, audit committees and company secretaries
• What boards should be doing now to prepare for future reporting obligations
• How to review existing governance frameworks against the revised Code
• Common implementation challenges and how organisations can overcome them
• The interaction between the revised Code, investor expectations and wider ESG governance
• Practical examples of good governance reporting and board best practice
• Key actions to help organisations achieve effective compliance while enhancing board effectiveness

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.