Publication Details
Abstract
The study reveals the features of modern corporate governance, which determines the financial policy of industrial enterprises based on principles providing stability, transparency and sustainable development. Despite the broad debate on financial policy, to date there is no integrated assessment framework combining financial and non-financial indicators. This study fills that void by using a mixed qualitative/quantitative methodology that includes profitability, capital structure, liquidity, employee satisfaction, customer retention and operational performance. Results indicate that financial policy based on corporate governance principles reinforces financial autonomy, optimizes allocation of resources, and makes strategic decisions more reliable. Findings also suggest that a Balanced Scorecard framework links profit objectives with customer, internal process, and personnel objectives, and thus offers a more integrative performance evaluation (Kaplan & Norton). These insights reveal that good financial policy is not just about maintaining existing operations, but also about innovation, investment choices, and long-term market viability. Consequently, firms with governance mechanisms that are transparent and based on scientific principles, are more likely to weather the storm financially and adapt to the situation when required. Maybe more digital tools and risk-based governance models will be learned by future research to refine financial policy assessment.