Corporate Governance in the Digital Economy (A Theoretical Analysis of the Challenges and Opportunities)

This research aims to establish a conceptual and theoretical framework for corporate governance within the context of the digital economy. It examines the transformations in governance roles and mechanisms, analyzes the key challenges facing corporate governance in the digital economy (with a focus on technological, organizational, and institutional dimensions), and explores the opportunities the digital economy offers for enhancing corporate governance, particularly in the areas of transparency and disclosure, oversight and accountability, and supporting strategic decision-making. This research employs a theoretical and analytical approach, based on a review and analysis of recent scholarly literature published in peer-reviewed international journals over the past seven years. The research concludes that corporate governance in the digital economy is no longer merely a formal extension of traditional governance, but rather represents an institutional shift in roles and responsibilities. The board of directors, not the executive management alone, is now the primary actor in guiding digital transformation and managing its risks. A lack of digital expertise within the board leads to superficial oversight, deepening the governance gap. Digital technologies can enhance transparency and accountability if integrated within clear governance frameworks. Reliance on technology without parallel development of regulatory frameworks and corporate culture increases risks rather than reducing them.