The main session, led by Richard Sheath of Independent Audit Limited, explored board and committee governance, focusing on effective oversight, the distinction between board and executive responsibilities, and approaches to demonstrating independent challenge and assurance. The discussion also considered evolving expectations for audit and risk committees, including regulatory scrutiny of control effectiveness, emerging risks and governance of group-wide functions such as technology, cyber security and AI.

Members also shared practical experiences relating to Companies House developments, including director identity verification, confirmation statements and recent communications regarding director information, highlighting common implementation challenges and approaches across the market.