HISTORICAL INSTITUTIONAL DEVELOPMENT AND DIGITAL TECHNOLOGIES IN CORPORATE GOVERNANCE: THE UZBEKISTAN CASE

Abstract

Uzbekistan’s rapid digitalization is reshaping how companies design governance systems, allocate accountability, and control risks. In corporate governance, digital technologies are no longer limited to operational automation; they increasingly influence board oversight, disclosure quality, internal control, stakeholder engagement, and ESG management. This article proposes an organizational architecture for applying digital technologies in corporate governance, combining board-level governance principles with IT governance standards and Uzbekistan’s national digital policy priorities. The analysis links macro-level drivers of digital growth to micro-level corporate structures, emphasizing a “digital governance stack” that includes data governance, cybersecurity governance, digital compliance, and technology-enabled transparency. Based on international governance principles and Uzbekistan’s strategic frameworks, the article outlines a practical model for integrating digital tools such as ERP, GRC platforms, e-procurement, analytics, and AI into governance processes, while strengthening risk management and accountability.