Mrs Saajidah Adam
Abstract
The Fourth Industrial Revolution (4IR) has brought about fundamental change in many industries. The technology in this revolution brings both opportunities and challenges, and we need to take advantage of these opportunities and find solutions to the challenges as 4IR will undoubtedly shape the future through its impact on business, government, and personal lives. Corporate governance is essential in every organisation to ensure organisations are directed and controlled in an effective and efficient manner to meet their long-term objectives and goals. However, international and local scandals of fraud, corruption and corporate failure have resulted in a significant decline in the confidence in corporate governance.
This paper examines the opportunities brought about by 4IR technology, and how this may improve the corporate governance systems. A narrative qualitative documentary analysis of literature is undertaken. This identifies the areas where corporate governance aided by 4IR will enhance firm performance. The study found that 4IR technology and the related tools will enhance governance processes and increase their efficiency, thereby enhancing firm performance and mitigating the risk of corporate failures.