DIGITAL TRANSFORMATION OF CORPORATE GOVERNANCE
Modern trends in the economy's development are characterized by a significant influence of digital information technologies. Research of the digital economy as a separate industry, the determination of mutual influence with corporations, which are active participants and engines of the develop...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
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FINTECH Alliance LLC
2022-10-01
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| Series: | Фінансово-кредитна діяльність: проблеми теорії та практики |
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| Online Access: | https://fkd.net.ua/index.php/fkd/article/view/3807 |
| _version_ | 1797705631588679680 |
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| author | Mykola Ziniuk Nataliya Dyeyeva Kateryna Bogatyrova Svitlana Melnychenko Diana Fayvishenko Maryna Shevchun |
| author_facet | Mykola Ziniuk Nataliya Dyeyeva Kateryna Bogatyrova Svitlana Melnychenko Diana Fayvishenko Maryna Shevchun |
| author_sort | Mykola Ziniuk |
| collection | DOAJ |
| description |
Modern trends in the economy's development are characterized by a significant influence of digital information technologies. Research of the digital economy as a separate industry, the determination of mutual influence with corporations, which are active participants and engines of the development of the digital economy, is becoming increasingly important. The spread of the concept of «digitalization» in society causes some confusion due to insufficient understanding of the essence of this concept and its difference with digital transformation, as well as their role in the digital economy. Digital transformation of corporate governance has its own specific features and characteristics associated with a large number of stakeholders and national characteristics of corporate governance.
The article analyzes the functions of corporate governance at the enterprise. We determine the mechanism and the persons involved in the corporate governance process, focus on the peculiarities of corporate governance in the context of digital transformation of business, and outline the advantages and disadvantages of corporate governance digitalization. The stages for the implementation of digital technologies into the company’s corporate governance system are highlighted. The paper examines the features of corporate audit, assessment of systems, and the effectiveness of their interaction. The dilemma of using digital corporate governance complexes is considered: to buy a ready-to-use one or create own? Legal regulation of the functioning of electronic systems of corporate governance in the world’s leading companies is especially emphasized. The authors consider in detail the protection of corporate governance in the digital age and conclude about the possibility of corporate blackmail using digital technologies.
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| first_indexed | 2024-03-12T05:39:10Z |
| format | Article |
| id | doaj.art-13d31012713e4014b1401db9091cf6ec |
| institution | Directory Open Access Journal |
| issn | 2306-4994 2310-8770 |
| language | English |
| last_indexed | 2024-03-12T05:39:10Z |
| publishDate | 2022-10-01 |
| publisher | FINTECH Alliance LLC |
| record_format | Article |
| series | Фінансово-кредитна діяльність: проблеми теорії та практики |
| spelling | doaj.art-13d31012713e4014b1401db9091cf6ec2023-09-03T06:10:04ZengFINTECH Alliance LLCФінансово-кредитна діяльність: проблеми теорії та практики2306-49942310-87702022-10-0154610.55643/fcaptp.5.46.2022.3807DIGITAL TRANSFORMATION OF CORPORATE GOVERNANCEMykola Ziniuk0Nataliya Dyeyeva 1Kateryna Bogatyrova2Svitlana Melnychenko 3Diana Fayvishenko4Maryna Shevchun5Postgraduate student at the Department of Management, State university of trade and economics, Kyiv, UkraineDoctor of Economic Sciences, Professor at the Department of Management, State university of trade and economics, Kyiv, UkraineCandidate of Philological Sciences, Associate Professor, Associate Professor at the Department of Foreign Philology and Translation, State university of trade and economics, Kyiv, UkraineDoctor of Economic Sciences, Professor, Vice-Rector for Research, State university of trade and economics, Kyiv, UkraineDoctor of Economic Sciences, Professor, Head of the Department of Journalism and Advertising, State university of trade and economics, Kyiv, UkraineSenior lecturer at the Department of Management State university of trade and economics, Kyiv, Ukraine Modern trends in the economy's development are characterized by a significant influence of digital information technologies. Research of the digital economy as a separate industry, the determination of mutual influence with corporations, which are active participants and engines of the development of the digital economy, is becoming increasingly important. The spread of the concept of «digitalization» in society causes some confusion due to insufficient understanding of the essence of this concept and its difference with digital transformation, as well as their role in the digital economy. Digital transformation of corporate governance has its own specific features and characteristics associated with a large number of stakeholders and national characteristics of corporate governance. The article analyzes the functions of corporate governance at the enterprise. We determine the mechanism and the persons involved in the corporate governance process, focus on the peculiarities of corporate governance in the context of digital transformation of business, and outline the advantages and disadvantages of corporate governance digitalization. The stages for the implementation of digital technologies into the company’s corporate governance system are highlighted. The paper examines the features of corporate audit, assessment of systems, and the effectiveness of their interaction. The dilemma of using digital corporate governance complexes is considered: to buy a ready-to-use one or create own? Legal regulation of the functioning of electronic systems of corporate governance in the world’s leading companies is especially emphasized. The authors consider in detail the protection of corporate governance in the digital age and conclude about the possibility of corporate blackmail using digital technologies. https://fkd.net.ua/index.php/fkd/article/view/3807corporate governancedigitalization of corporate governancelegal regulation of corporate governance digitalizationSWOT analysis of corporate governance |
| spellingShingle | Mykola Ziniuk Nataliya Dyeyeva Kateryna Bogatyrova Svitlana Melnychenko Diana Fayvishenko Maryna Shevchun DIGITAL TRANSFORMATION OF CORPORATE GOVERNANCE Фінансово-кредитна діяльність: проблеми теорії та практики corporate governance digitalization of corporate governance legal regulation of corporate governance digitalization SWOT analysis of corporate governance |
| title | DIGITAL TRANSFORMATION OF CORPORATE GOVERNANCE |
| title_full | DIGITAL TRANSFORMATION OF CORPORATE GOVERNANCE |
| title_fullStr | DIGITAL TRANSFORMATION OF CORPORATE GOVERNANCE |
| title_full_unstemmed | DIGITAL TRANSFORMATION OF CORPORATE GOVERNANCE |
| title_short | DIGITAL TRANSFORMATION OF CORPORATE GOVERNANCE |
| title_sort | digital transformation of corporate governance |
| topic | corporate governance digitalization of corporate governance legal regulation of corporate governance digitalization SWOT analysis of corporate governance |
| url | https://fkd.net.ua/index.php/fkd/article/view/3807 |
| work_keys_str_mv | AT mykolaziniuk digitaltransformationofcorporategovernance AT nataliyadyeyeva digitaltransformationofcorporategovernance AT katerynabogatyrova digitaltransformationofcorporategovernance AT svitlanamelnychenko digitaltransformationofcorporategovernance AT dianafayvishenko digitaltransformationofcorporategovernance AT marynashevchun digitaltransformationofcorporategovernance |