Emerging Technologies and their Role in Improving the Supervision of Banking Corporate Governance in Peru

Abstract

This article comprehensively addresses emerging technologies developed worldwide with the aim of optimizing the evolution and current state of good corporate governance in the Peruvian banking sector, an area of growing relevance within the framework of transparent and ethical business practices. The main objective of this research is to investigate the new Technologies that are being incorporated to improve the supervision of corporate governance applied to the banking sector and that can be applied to make the quality of corporate governance in banking entities in Peru more efficient.
To achieve a comprehensive understanding, specific objectives were established that include how Emerging Technologies can better identify the quality of equitable treatment of shareholders, the analysis of the management of conflicts of interest, the evaluation of capital structure, the determination of the quality of the management remuneration and incentive scheme, and the assessment of the quality of information disclosure in the Peruvian banking sector. These objectives guide a deep and critical analysis of the key components of good corporate governance such as transparency, accountability, equity and social responsibility, all of which can be optimized by applying new information technologies.
The study reveals that, although there has been significant progress in the adoption of good governance measures in Peruvian banking entities, important challenges persist. The need to apply new technologies is highlighted to strengthen supervision and control mechanisms, improve shareholder participation and ensure transparent and prudent financial management. In addition, the implications of these new technologies for achieving investor confidence and the stability of the country's financial system are discussed.
Concluding with strategic recommendations for the application of new information technologies, the article suggests measures to strengthen the good corporate governance framework in Peruvian banking entities. These include promoting a culture of transparency and ethics, strengthening risk management policies and adopting international standards. The purpose is to take advantage of new technologies to improve the standardization and competitiveness of the Peruvian banking sector, reinforcing investor confidence and contributing to the sustainable growth and economic development of the country.
The technologies most used by the banking sector are in four fields that are the most disruptive: big data, artificial intelligence, blockchain and cloud computing.