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Information × Registration Number 0221U100916, 0120U104815 , R & D reports Title Factors influencing digitalization on corporate governance popup.stage_title Head Dieieva Nataliia E., Доктор економічних наук Registration Date 11-01-2021 Organization Kyiv National University of Trade and Economics popup.description2 Management is more than just processes and board procedures. It includes a full set of relationships between the company's management, its board, shareholders and other stakeholders, such as its employees and the community in which it operates. The quality of governance is directly linked to the policy framework. Governments play a central role in shaping the legal, institutional and regulatory framework within which governance systems are developed. If the framework conditions are not in order, then the control mode is unlikely to be so. The policy framework covers aspects such as the legal rights of shareholders and their ability to obtain redress in the event of a violation of their rights. The structure includes shareholder protection through regulation and full risk disclosure requirements. These are just two examples. There are many other factors that affect how a company is controlled, managed and held accountable, and many of these factors simply fall into the realm of politicians. Why should we care about quality management? There are several reasons. Immediate is the fact that poor governance can harm the country's economic performance and, ultimately, global financial stability. The financial crises in Asia, the United States and other countries have demonstrated this beyond doubt. Although the circumstances varied, governance was common to all crisis countries, leading to inefficient economic decision-making. When imbalances became too large to be ignored, they caused disruption in financial markets, delaying the development of entire countries and regions. Country-specific challenges are also important. For example, in Asian countries, interest groups associated with large financial institutions, even the state, ran huge conglomerates under conditions that hindered external control. Due to their high-level connections and the perception of implicit government guarantees, these conglomerates had easy access to external debt and equity financing.  Product Description popup.authors Zinyuk Mykola S popup.nrat_date 2021-01-11 Close