ECONOMIC SECURITY AS A KEY ELEMENT OF THE CORPORATE GOVERNANCE SYSTEM IN THE CONTEXT OF GLOBALIZATION AND DIGITAL TRANSFORMATION OF THE ECONOMY

Abstract

The article provides a comprehensive theoretical and applied analysis of corporate economic security as a key element of the corporate governance system. It is substantiated that economic security functions not only as a tool for protection against internal and external threats but also as a strategic characteristic of enterprise performance, ensuring its stability, competitiveness, and long-term development. The essence of economic security is defined as an integrated subsystem of corporate governance that combines financial, investment, informational, personnel, legal, and technological components, which are closely interconnected and form a unified system for protecting the economic interests of the corporation.

The role of corporate governance as a fundamental mechanism for ensuring economic security is examined, particularly through the implementation of control functions, risk management, strategic planning, and ensuring transparency of activities. The powers of the general meeting of shareholders as the highest governing body in shaping the strategic directions of corporate development and establishing the foundations of economic security are analyzed.

The main problems of ensuring economic security in Ukraine are identified, including the fragmentation of security policies, insufficient integration of risk management systems, a low level of corporate culture, and limited use of international standards. The necessity of improving corporate governance mechanisms through the integration of modern risk management approaches, implementation of international standards (OECD, ESG), enhancement of transparency, and digitalization of management processes is substantiated.

It is concluded that an effective system of economic security is an integral component of corporate governance and serves as a key prerequisite for ensuring the sustainable development of corporations in the context of modern global challenges.