Digital Transformation and the Process Improvements in General Finance Environment: The Good Governance Perspective

The finance function is one of the most affected fields of work by digitalization. This is a common feature in all companies, sectors, or various country applications. From this point of view, the basic rule of transformation in financial operations is the strategic importance of digitalization which is creating opportunities. However, this transformation process should be supported by good governance. In this study, the new approaches that take place with digitalization in the financial environment will be discussed and compliance policies will be proposed according to the corporate governance principles, theoretical framework, and international standards based on relevant literature. Due to the digitalization of financial tools and techniques, the fields of change needed in the understanding of corporate management will be put forward. Thus, this work contributed to companies, sectors, and different country applications. In this context, to contribute to the literature and make value-added work, the digital transformation index, corporate governance index, and digital maturity model indicators were used to reveal the interactions and connectedness between finance and corporate governance. Policy recommendations will be made based on new digital business models and good governance perspectives.