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INTERNATIONAL JOURNAL OF CREATIVE RESEARCH THOUGHTS - IJCRT (IJCRT.ORG)
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Published Paper Details:
The Effects Of Technological Advancements On Corporate Governance
Authors
Swastika Mukherjee
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Keywords
Digitalization; Transparency; Accountability; shareholder; cyber risk.
Abstract
Abstract
The COVID-19 epidemic has led to a surge in digitalization in several fields, including corporate governance. Due to the pandemic, a number of digitalization initiatives were done out of need rather than strategy, which prevented them from potentially undergoing the thorough regulatory review that would be required in other situations. This article intends to provide with a fresh perspective on how emerging technologies, including blockchain, smart contracts, big data, algorithms, and artificial intelligence, are expected to affect a company's structure on corporate governance. During this transition, businesses shifted from having a short-term emphasis to a long-term one, and they replaced their goal of maximising profits with one of creating sustained added value. Owing to the impact on the accounting function--one of the most important pillars supporting corporate governance--digitalization offers a more developed framework for responsibility and accountability by guaranteeing the timely, accurate, and transparent information stakeholders require. On the other hand, this transition has also made a significant rise to the number of cyberattacks and other threats to digital security of a company. However, as interim measures have shown to be somewhat beneficial in comparison to the pre-pandemic normal, the pandemic crisis has also presented a chance to put productivity-enhancing measures into place. This article further demonstrates upon the fact that, in contrast to popular belief, one of the most important and noticeable consequences of modern technologies on businesses is how corporate bodies divide up their own duties and competencies and still protecting the pillars of their corporate governance during crisis.
IJCRT's Publication Details
Unique Identification Number - IJCRT2404837
Paper ID - 255210
Author type - Indian Author
Page Number(s) - h349-h356
Pubished in - Volume 12 | Issue 4 | April 2024
DOI (Digital Object Identifier) -
No Of Downloads - 46
Author Country - India, 700038, Kolkata, West Bengal, Kolkata, West Bengal, 700038, Others area
Publisher Name - IJPUBLICATION | www.ijcrt.org | ISSN : 2320-2882
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Swastika Mukherjee, "The Effects Of Technological Advancements On Corporate Governance", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.12, Issue 4, pp.h349-h356, April 2024, Available at :http://www.ijcrt.org/papers/IJCRT2404837.pdf
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The International Journal of Creative Research Thoughts (IJCRT) aims to explore advances in research pertaining to applied, theoretical and experimental Technological studies.
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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