Corporate governance demands high levels of efficiency and transparency, and the implementation of new technologies has aided in that endeavor. There are many ways in which technology can aid in these matters, but it may also present some risks as well.
Higher Transparency and Accuracy
When used well, technology allows for more consistent transparency and accuracy of data. Databases with dedicated portals help company leaders access information without rifling through physical filing cabinets, and databases can be configured to limit access to only those with the right amount of clearance.