Transformation of corporate governance in the context of digitalization of the economy

Tatiana Kuzminova,Ilya Marushcak,Natalia Onanko,Alexander Yurasov,I Tkachenko

doi:10.1051/shsconf/20208903007

Tatiana Kuzminova, Ilya Marushcak + Show 3 more

Open Access

https://doi.org/10.1051/shsconf/20208903007

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Abstract

The purpose of the work is to identify areas for improving the efficiency of corporate governance in the context of the digitalization of the economy. The characteristic features of a corporation as a system, the development of which is influenced by its subsystems and supersystem, have been highlighted and described. It has been shown that the quality of management impact on a corporation depends on how fully the experience of the corporation’s development in the past is taken into account. Adequate forecasting of its possible states in the future is also important. Based on the study of the triad of the processes of development of socio- economic systems (ontogenesis, phylogenesis and technogenesis), it is shown that currently there is an imbalance caused by a sharp acceleration of technogenesis. The dialectical consideration of the triad of developmental processes led to the conclusion that the imbalance was caused primarily by the exacerbation of the contradiction between technogenesis and ontogenesis. As a point of relevance for resolving the revealed contradiction, it is proposed to shift the emphasis in corporate management to phylogenesis. Specific measures for the development of phylogonese in corporations are the introduction and development of new forms of joint activities, the transformation of organizational structures, the creation of an atmosphere of mutual understanding, justice, morality, ethics, and culture.

Highlights

The quality of control is determined by the depth and adequacy of the control subject's ideas about the controlled object
Based on the study of the triad of the processes of development of socioeconomic systems, it is shown that currently there is an imbalance caused by a sharp acceleration of technogenesis
The dialectical consideration of the triad of developmental processes led to the conclusion that the imbalance was caused primarily by the exacerbation of the contradiction between technogenesis and ontogenesis

Summary

Introduction

The quality of control is determined by the depth and adequacy of the control subject's ideas about the controlled object. The holistic perception of the control object implies knowledge of its past, present and forecasting the future both at the level of the control object itself (modeled as a system of interconnected elements) and at the level of its subsystems and supersystems (Fig. 1). In this case, as a general rule, the goals of the system development lie in the supersystem, and the most effective are the impacts on the system from the supersystem. A change in the organizational structure leads to changes in the characteristics of the corporation itself [1, 2]

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Conclusion