Sinchana M, PES University, Bangalore
ABSTRACT
Social media has radically altered how businesses interact with their stakeholders by giving them a forum for free-flowing discourse.1 The purpose of this research study is to examine how social media can affect corporate governance. The study concludes that social media, especially with regard to respect to transparency, oversight, and stakeholder involvement, significantly influences corporate governance practices.
The study will also look into the possible advantages and disadvantages of social media in terms of governance, how it affects and how people view social responsibility as a whole. The introduction of social media has significantly altered many aspects of business, notably how organisations run their companies. Opportunities for social media offer a new route for consumers to communicate with one another and influence decisions.
This research paper's conclusion is that social media has a substantial effect on corporate governance and presents a variety of advantages and drawbacks for companies to effectively handle their social media presence.
The manner in which companies communicate with their stakeholders, such as shareholders, employees, consumers, and communities, has been revolutionized by social media. Stakeholders now have an opportunity to express their ideas and worries about the company's governance, effectiveness, and consequence with the assistance of social media. The study relies on the contributions of many academic papers, reports, and case studies to shed light on the intricate link.
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