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Provision 29: Comply or explain – Competent oversight begins with clarity.

Webinar on demand

Provision 29 of the UK Corporate Governance Code is more than a policy update – it’s a call to action. Boards are stewards of corporate trust, and this new requirement challenges them to prove competency in overseeing the control environment. But clarity in oversight doesn’t start in the Boardroom. It starts with clear visibility across the organisation.

Unlock the webinar recording for a focused, cross-functional discussion on how organisations can meet the demands of Provision 29: not through over-engineering or exhaustive control testing, but through materiality-based prioritisation, fit-for-purpose design, and technology-enabled reporting.

A practical guide for boards, risk leaders, and operational teams on turning Provision 29 from a compliance challenge into a confidence-building opportunity.

Presenters

Maureen Beresford

Director Corporate Governance and Stewardship , Financial Reporting Council

Nala Worsfold

Principal, Financial & Risk Policy, UK Finance

Gary Lynam

Managing Director, EMEA, Protecht

 

A practical guide for boards, risk leaders, and operational teams on turning Provision 29 from a compliance challenge into a confidence-building opportunity.

 

 Watch the webinar on-demand, at your convenience for a focused, cross-functional discussion on how organisations can meet the demands of Provision 29 - not through over-engineering or exhaustive control testing, but through materiality-based prioritisation, fit-for-purpose design, and technology-enabled reporting.

We'll explore how to define and surface the controls that matter most, how to align control effort to organisational risk appetite, and how software like Protecht ERM enables everyone, from the front line to the Board, to contribute to a confident, defensible narrative.

What you'll learn

  • The real intent behind Provision 29 and why it signals a shift in board expectations

  • How to assess the materiality of controls and focus on what’s most critical

  • Why clarity in effort matters: building fit-for-purpose controls that balance risk, cost, and design

  • What “competent oversight” looks like across the Three Lines of Defence

  • How Protecht ERM supports clarity in status and control performance without adding complexity

Who should attend?

 
  • Board members, NEDs, and governance professionals
  • Chief Risk Officers and Heads of Risk, Audit, or Compliance
  • First and second line risk owners looking to simplify control assurance
  • Anyone preparing control statements under the new UK Corporate Governance Code

Don’t just comply, lead with confidence.

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This webinar has been brought to you in collaboration with UK Finance.

 

 
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About the presenters

Director Corporate Governance and Stewardship , Financial Reporting Council

Maureen is working on the review of the UK Corporate Governance Code and the introduction of the Wates Principles for Large Private Companies.  In 2020 Maureen was appointed Head of Corporate Governance at the FRC and recently completed the review of the Corporate Governance Code.  Following the retirement of David Styles, Maureen was recently appointed Acting Director, Corporate Governance and Stewardship.

 

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Principal, Financial & Risk Policy, UK Finance

Nala has over 20 years' experience in financial services, from bank audits at KPMG to senior roles at NatWest Group and UK Finance, where she is currently Principal, Financial & Risk Policy. Her most recent role at NatWest Group was Head of Risk Developments encompassing finance, treasury, and risk. 

 

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Managing Director, EMEA, Protecht

Gary Lynam is Protecht's Managing Director EMEA. Gary has a strong track record delivering large scale and complex engagements across the financial services industry, specialising in risk and compliance solutions. He is a member of the Global Association of Risk Professionals and has a MSc in Finance and Capital Markets.

 

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