Publication Details
Abstract
This article examines modern approaches to improving corporate governance in commercial banks, focusing on international standards in the context of ongoing digital transformation and increasing global financial integration. It explores how evolving regulatory requirements, technological innovations and risk management frameworks influence the effectiveness of governance structures within banking institutions. It highlights that modernisation of corporate governance is no longer limited to traditional board oversight mechanisms, but increasingly incorporates digital tools, data-driven decision-making and transparent systems aligned with international best practice. Particular focus is given to the role of global standards, such as the Basel Committee principles and OECD guidelines, which are key benchmarks for ensuring accountability, risk control and stakeholder protection in commercial banks. The analysis shows that implementing these standards strengthens internal control systems, improves strategic decision-making processes and increases investor confidence in banking institutions. Furthermore, the article investigates the impact of digital transformation on governance efficiency, particularly with regard to the automation of reporting systems, real-time risk assessment and the integration of artificial intelligence in compliance monitoring. These innovations significantly enhance banks' ability to identify and mitigate operational and financial risks at an early stage. The results of the study provide practical insights into optimising corporate governance mechanisms. They emphasise the need for continuous regulatory adaptation, the professional development of board members and the adoption of advanced technological solutions. Overall, the findings suggest that aligning corporate governance practices with international standards is crucial for ensuring the stability, competitiveness and sustainable development of commercial banks in the modern financial environment.