Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department plans on including cyber risk management as a core part of the forthcoming corporate governance reforms.

Chapter 3 of the Government’s White Paper on ‘Restoring Trust in Audit and Corporate Governance’, published in March 2021, set out proposals for companies to report on their resilience planning, and invited views on whether the management of cyber risks (among other things) should form part of a company’s ‘Resilience Statement’. The Government has been carefully considering responses to the consultation on the White Paper and will publish its response in due course, including with regard to the proposed Resilience Statement.