Communication and Information Technologies in the Corporate Governance System of Ukrainian Banking Institutions (Scientific notes of the UniversityKROK)

Summary

• The paper presents a structural-functional model featuring 3 levels of information and communication support for corporate governance in banks.p.1
• Information and communication technologies are classified across 5 functional directions, including risk management and digital operational resilience.p.1
• The framework establishes 6 key criteria to assess governance information flows: timeliness, completeness, reliability, traceability, security, and resilience.p.1
• The research synthesizes 17 academic and regulatory sources, featuring 3 summary tables and 0 formulas.p.2

Key insights

1. IT governance should be integrated directly into overall bank corporate governance rather than delegated solely to IT departments or specialized committees.p.3
2. Under the European Union DORA framework, supervisory boards hold direct responsibility for approving digital operational resilience strategies and overseeing ICT risks.p.3
3. Open banking shifts banking architecture toward standardized APIs, expanding corporate governance responsibility to third-party interactions and consent management.p.6
4. Adopting cloud computing requires board-level evaluation of risk appetite, concentration risk, and exit strategies rather than treatment as a technical IT decision.p.6
5. Governance information must flow through a complete digital cycle from raw data collection to analytics, board communication, decision documentation, and control feedback.p.7
6. Evaluating digital governance maturity should focus on information quality and operational resilience rather than the sheer volume of deployed software applications.p.7