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Netherlands makes case for harmonisation of cloud security standards

June 6, 2023


Late in 2022, an update of the Dutch Corporate Governance Code was released to include a section on governance of IT. The code prescribes rules of conduct for directors of listed companies to protect the interests of shareholders, employees and other stakeholders.

The revision means that listed in their annual reports for 2023 companies will be required to explain how they ensure that crucial IT systems continue to run smoothly and securely. To make this insightful, the Dutch professional association of auditors, Norea, has developed a digital financial statement: the “IT in control” statement.

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