The Impact Of Digitalisation On Company Law (9786052647097)

GENİŞ
ÖZET 7
ABSTRACT 15 ACKNOWLEDGEMENTS 17 CONTENTS 19 ABBREVIATIONS 23
1. INTRODUCTION 25
1.1. Literature Review 25
1.2. Aim and Scope 31
1.3. Problems and Key Research Questions 31
1.4. Overview and Contribution 32
1.5. The Importance of Study 32
1.6. The Planned Structure of the Research 32
1.7. Research Methodology 33
2. ARTIFICIAL INTELLIGENCE 35
2.1. In General 35
2.2. Definitions and Functions of AI 35
2.3. Types of AI 37
2.4. Regulations on AI 38
2.5. Changes Brought by AI 40
2.5.1. In General 40
2.5.2. Effects of AI on Company Law 41
2.6. The Use of AI in the Management of the Company 45
2.6.1. AI as a Director 45
2.6.2. AI–Assisted Decision–Making 49
2.6.3. AI in the Appointment of Board Members 51
2.7. AI and External Audit 54
2.7.1. Audit 54
2.7.2. External Audit 55
2.7.3. Effects of AI on External Audit 56
2.7.4. Possible Uses of AI in External Audit 57
2.7.4.1. In General 57
2.7.4.2. AI as a Decision Aid 60
2.7.4.3. AI as an Auditor 63
2.7.5. Thoughts on the Future of External Audit 67
3. BLOCKCHAIN 71
3.1. In General 71
3.2. Definitions of Blockchain 72
3.3. Types of Blockchain 73
3.4. Characteristics of Blockchain 74
3.5. Smart Contracts 76
3.5.1. In General 76
3.5.2. Smart Contracts on Blockchain 77
3.6. Benefits and Challenges of Blockchain 79
3.7. From Traditional Ways to Blockchain in Companies 82
3.8. Decentralised Autonomous Organisations 85
3.9. Blockchain from the Formation to the Termination of the Company 87
3.9.1. Forming a Company on Blockchain 87
3.9.1.1. Company Formation 87
3.9.1.2. Company Formation via Blockchain 88
3.9.1.3. A Case Study from Estonia 90
3.9.2. Preparation of the Articles of Association on Blockchain 92
3.9.3. Keeping Commercial Books and Records of the Company via Blockchain 94
3.9.4. Having Annual General Meetings via Blockchain 98
3.9.4.1. Virtual AGMs 98
3.9.4.2. Virtual AGMs via Blockchain 101
3.9.4.3. Drawbacks of Blockchain–based AGMs 104
3.9.5. Having Board Meetings via Blockchain 106
3.9.5.1. Virtual Board Meetings 106
3.9.5.2. Board Meetings and Blockchain 109
3.9.5.3. Drawbacks of Virtual Meetings and the Blockchain Solution 110
3.9.6. Terminating the Company via Blockchain 111
4. DIGITALISATION AND CORPORATE GOVERNANCE 115
4.1. Corporate Governance 115
4.1.1. In General 115
4.1.2. Digital Corporate Governance 118
4.2. The Principles of Corporate Governance within the Context of New Technologies 120
4.2.1. Transparency 120
4.2.2. Fairness 125
4.2.3. Accountability 126
4.2.3.1. In General 126
4.2.3.2. Using AI 127
4.2.3.2.1. Effects of AI on Accountability 127
4.2.3.2.2. Liability of AI 129
4.2.3.2.3. The EU Directive 130
4.2.3.2.4. Thoughts on Liability of AI 130
4.2.3.3. Utilising Blockchain 132
4.2.3.4. Regarding DAOs 133
4.2.4. Responsibility 134
4.2.5. Monitoring 137
4.3. Shareholder Rights 140
4.4. Minority Shareholders’ Rights 145
4.5. Compliance 150
4.6. Board Diversity as a Current Corporate Governance Discussion 155
5. CONCLUSION 163
5.1. Significance and Contribution 163
1.2. Future of Research 166 REFERENCES 169