Corporate Governance as a System of Social Interactions: Informational-Analytical and Financial Aspect

Abstract

The issues of improving corporate governance as a social interactions system are a management task that is quite complex and urgent. The authors devoted their research to the problems of improving corporate governance as a system of social interactions. The authors studied legislative norms, analyzed the social essence of corporate governance, objective and subjective factors, gave a comparative description of the progressive global models of corporate governance, and the Ukrainian model. To formulate relevant proposals, the authors surveyed 174 respondents, to study whose interests, in their opinion, are primarily implemented in corporations. The generalization of the existing approaches of modern economic theory and practice to understanding and defining the essence of corporate governance made it possible to form a methodology of corporate governance as a system of social interactions, which was positively assessed by the respondents and which will strengthen trust in the company and contribute to the creation of value in the interests of shareholders, employees and other stakeholders, which will lead to an increase in its value of the company by increasing its competitiveness, efficiency and growth. However, in the study, possible obstacles arose, which will be studied in more detail in further investigations by the authors.

Digital Transformation of Corporate Governance

“…In this paper, the authors follow the approach presented in [1], according to which corporate governance is considered as a system of relationships between shareholders (owners) and company's managers on the issues of ensuring the company's efficiency and protecting the interests of the beneficiaries, reducing the opportunities for opportunistic behavior of management. The board of directors is the main governing body, which is responsible for the management of the enterprise to the shareholders.…”

“…Previously, digital transformation was considered by scientists superficially, affecting only certain areas of the business [1][2][3][4][5]. This article explores digital transformation in more depth from a corporate governance perspective, providing examples of software that solves specific problems, analyzing existing points of view, and deriving all the advantages and disadvantages of certain solutions.…”

“…A number of scientists study the digital transformation of corporate governance, in particular, Ziniuk M., Dyeyeva N., Malyuga N., Fyliuk H., Grygor O., Skrypnyk M., Orlova V. [1,6]. Also, Shan Y.G.…”