As the world becomes increasingly interconnected and technology-driven, the landscape of corporate governance is undergoing profound changes. Traditional governance models, built for a pre-digital era, are no longer sufficient to address the complexities and risks that arise from rapid technological advancements, global connectivity, and evolving regulatory frameworks.
To explore further how organizations can adapt their governance structures to effectively navigate this new environment, a seminar on “Corporate Governance in the Digital Age” was organized by the Department of Business Administration on Wednesday, October 30, 2024, at 1:30 P.M. in Lecture Hall 10. Ms. B. Swathi Baliga, Secretarial Assistant at Chethan Nayak & Associates, Practicing Company Secretaries Firm, Mangaluru, was the Key Speaker.
Ms. B. Swathi Baliga, in her presentation, covered the key topics such as the impact of digital transformation on decision-making, the increasing importance of cyber security and data privacy, ethical considerations surrounding AI and automation, and the role of digital tools in sustainability and ESG reporting.
She highlighted that we are living in a time of profound transformation, where technology is not just a tool but the very foundation of how we operate, innovate, and compete. Digital disruption is no longer something of the future – it is happening now, and it is changing the way we think about leadership, accountability, and governance.
She further elucidated that with digital transformation influencing every facet of business – from decision-making and data management to ethical practices and regulatory compliance – it is significant to understand the challenges and opportunities of governing in the digital age. The concerns for fostering innovation while ensuring accountability, transparency, and sustainability in a fast-evolving digital world are felt more than ever before.
Moreover, the leaders in the corporate world must also recognize the growing demand for organizations to adopt sustainable practices and integrate Environmental, Social, and Governance (ESG) factors into their digital strategies. This is not just a matter of regulatory compliance but of fulfilling the growing expectations from consumers, investors, and employees who increasingly prioritize corporate responsibility and transparency.
The digital age is both an exciting and daunting time for business leaders, but it also offers an opportunity to redefine governance practices to create more agile, innovative, and responsible organizations.
Mr. Hardik P. Chauhan, a faculty member of the department, welcomed the gathering and introduced the speaker. Mrs. Laxmi Hegde, also a faculty member of the department, was present during the session. A total of 56 students attended this seminar.The seminar strived to promote the core values of fostering global competency and inculcating a value system among the student attendees.
Report By,Mr. Hardik P. Chauhan
