Corporate Governance Digitalization Trends

Abstract

The digitalization processes of the economy and business cannot bypass an important sphere of management – corporate governance. The coronavirus pandemic has spurred the transition of corporate procedures to the digital environment. Almost all corporate events of the boards of directors and general meetings of shareholders have moved to a remote or online format. Public online platforms and proprietary electronic platforms are actively used for corporate events of shareholders, board of directors and management board, inspectors, and auditors. Simultaneously, the introduction of corporate procedures and communication into the digital environment brings advantages associated with saving time, money on business trips, higher efficiency of events, and the convenience of fixing decisions. Assessing the opportunities and threats of digitalization trends makes it necessary to balance the combination of digital and non-digital approaches to corporate governance procedures.