Corporate Governance And Technology In Modern Times: A Digital Transformation In Effective Governance
Avni Agrawal, Lloyd Law College, Greater Noida
ABSTRACT
If a law is not applied consistently, it has no significance. Only when the law is easily available can there be this consistency. Technology has been crucial in assisting individuals in adjusting to the new physical reality brought on by the COVID-19 epidemic. The web of limitations posed a challenge to the Law's consistency of application and accessibility. However, organisations quickly used technology to adjust to the new standard. In the COVID-19 world, the majority of businesses have transitioned to all-encompassing technological solutions for sound corporate governance. Technology and its application are now at the forefront thanks to the digital revolution. Technology is increasingly seen as a facilitator, vital to progress and success. The first application of legal technology can be linked to eDiscovery, which was initially difficult to embrace but is now standard practise. Today, a number of useful technologies are paving the way for new digital service models that strengthen client relationships. These technologies include document review, contract management, abstraction and automation, data analytics in legal research and comprehending client engagements and invoices, electronic signatures, dissecting practises and introducing process workflows through a case management system, transcription services, and no code platforms. This essay emphasises the significance of incorporating technology, such as hosting board meetings online, to improve business efficiency and maximise benefits to the firm and its stakeholders.
Keywords: Corporate Governance, Legal Tech, Technology, Digital Corporate Governance
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