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The Factors Ensuring the Openness of Corporate Governance and Information Transparency in the Banking System
Kokashvili N. V., Sosanidze M. O.

Kokashvili, Nanuli V., and Sosanidze, Maka O. (2025) “The Factors Ensuring the Openness of Corporate Governance and Information Transparency in the Banking System.” Business Inform 4:445–450.
https://doi.org/10.32983/2222-4459-2025-4-445-450

Section: Finance, Money Circulation and Credit

UDC 336.7:658

Abstract:
In today’s world, corporate governance principles are receiving increasing attention, especially in the post-crisis period after the collapse of many companies and financial markets. In Georgia, the conception of corporate governance is applied across various businesses, particularly in the banking system; however, it still requires methodical and systematic improvement. The research is based on a sample of five well-known commercial banks in Georgia, through which the employees’ perspectives on the relationship between five corporate governance variables (accountability, transparency, fairness, discipline, and responsibility) and perceived banking performance were studied. The specific objective of the study was as follows: to assess corporate governance practices in the selected commercial banks, examine perceptions of performance effectiveness, and analyze the impact of corporate governance on perceived outcomes. The analysis of the results showed that corporate governance has a significant impact on the organizational success of companies. Specifically, it is found that accountability, transparency, fairness, discipline, and responsibility play important roles in ensuring the success of commercial banks in the country. According to the study, these five variables significantly contribute to the formation of efficient corporate governance in Georgian commercial banks. The scientific novelty of the work lies in identifying the challenges and prospects of corporate governance in Georgia’s banking sector. The practical significance of the study is that the authors’ conclusions and recommendations may help improve corporate governance in the country’s banking sector.

Keywords: transparency, openness, management, descriptive statistics, corporate governance, accountability, fairness.

Bibl.: 8.

Kokashvili Nanuli V. – Doctor of Sciences (Economics), Professor, Department of Business Administration, Gori State Pedagogical University (53 Ilia Chavchavadze Ave., Gori, 1400, Georgia)
Email: [email protected]
Sosanidze Maka O. – Professor, Gori State Pedagogical University (53 Ilia Chavchavadze Ave., Gori, 1400, Georgia)
Email: [email protected]

List of references in article

G20/OECD Principles of Corporate Governance. OECD. 2023. URL: https://www.oecd.org/corporate/principles-corporategovernance/
Pickett S. K. H. The Internal Auditor at Work. 2nd Edition. New Jersey : Wiley, 2003. URL: https://citeseerx.ist.psu.edu/document?repid=rep1&type=pdf&doi=28c8f6acc4943865b51b7f77ad483bd16d6e36f0
Sakawa H., Watanabel N. Board Structure and Performance in the Banking Industry: Evidence from Japan. SSRN. March 15, 2011. SSRN: http://dx.doi.org/10.2139/ssrn.1786200
Binh D. T., Giang H. Corporate Governance and Performance in Vietnam’s Commercial Banks. Journal of Economics and Development. 2012. Vol. 14. No. 2. P. 72–95. URL: https://www.researchgate.net/publication/270219483_Corporate_Governance_and_Performance_in_Vietnamese_Commercial_Banks
Basel Committee on Banking Supervision Publications. BIS. 2015. URL: https://www.bis.org/bcbs/publications.htm?m=2566
The Core Principles of Good Corporate Governance. Pearse Trust. 2014. URL: https://www.pearse-trust.ie/blog/bid/108866/the-core-principles-of-good-corporate-governance
Zhghenti K. Corporate Governance Openness and Information Transparency in Georgia: Challenges and Improvement Paths. Tbilisi : Georgian University of St. Andrew the First-Called at the Patriarchate of Georgia, 2016.
Report on the Observance of Standards and Codes (ROSC) – Corporate Governance in Georgia. World Bank, 2021.

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