ARTIFICIAL INTELLIGENCE CONTRIBUTION EXTENT IN ESTABLISHING GOVERNANCE PRINCIPLES IN COMMERCIAL COMPANIES
Main Article Content
Abstract
Artificial intelligence technology has become crucial and potentially hazardous in today's digital age due to the emergence of intelligent applications. The latter have affected various aspects. They contribute to serving and advancing humanity through engineering smart machines, computer devices, and programs that can think like the human brain. This technology can learn, acquire information, analyze data, establish relationships, make sound decisions, and provide appropriate reactions to different situations efficiently. Accordingly, this research addresses the technical and legal methods and mechanisms for leveraging AI applications to develop the principles of governance in commercial companies to preserve the interests of all involved parties.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
References
A-Sources :
-The Holy Quran.
-Sunnah.
-Dictionaries:
-Al-Wajeez Dictionary, Arabic Language Academy, Section: Dictionaries of the Arabic Language, Publisher: Arabic Language Academy, Cairo,1998.
-Al-Wasit Dictionary, Arabic Language Academy in Cairo, Egypt , 2011.
-Dictionary of the Contemporary Arabic Language, World of Books, Cairo, Egypt , 2008.
-Laws, regulations and charters:
-Law No. 06/06, dated February 20, 2006, including the directive law of the city, Official Journals of the Republic of Algeria, No. 15, dated March 12, 2006.
-Executive Decree No. 95-438 of December 23, 1995, includes the application of the provisions of the Commercial Code relating to joint-stock companies and conglomerates, Official Journal No. 80 of 1995, It relates to the procedures for publishing and advertising financial companies in Algerian law.
-Charter of Good Governance for Small and Medium Enterprises, published by the Ministry of Small and Medium Enterprises, Algeria, 2009.
-Law 18/08 dated June 10, 2018 amending and supplementing Law 04/08 dated August 4, 2004 relating to the conditions for practicing commercial activities, G.R. No. 32 dated May 3, 2018.
- Executive Decree 16/136 dated April 25, 2016 specifying the modalities and costs of including legal advertisements in the Official Bulletin of Legal Announcements G.R. No. 27 dated May 4, 2016.
-Legislative Decree No. 93-10 dated Dhu al-Hijjah 2, 1413 corresponding to May 23, 1993, relating to the Transferable Value Stock Exchange, amended and supplemented.
-Regulation No. 02-2000 of January 20, 2000, relating to information that must be published by institutions that 12 Their values are quoted on the stock exchange.
B-Books:
-Ahmed Salem Mohamed, Corporate Governance and its Role in Attracting Foreign Investments and Achieving Sustainable Development. Case study of the Emerging Economies (Egypt and the Arab Gulf Countries), Dar Al Nahda Al Arabiya, Cairo , 2014.
-Al-Khudairi Mohsen Ahmed, Corporate Governance, first edition, Arab Nile Group, Economic Legal Egypt , 2005.
-Abdel Wahab Nasr Ali, Shehata, Al-Sayyid Shehata, Auditing and Corporate Governance in the Contemporary Arab and International Business Environment, University House, Egypt, 2006/2007.
-Ibn Hammad Al-Jawhari, Al-Farabi Abu Nasr Ismail, edited by Ahmed Abdel Ghafour, Attar, fourth edition, Dar Al-Ilm by Al-Malini, Beirut, 1987.
-Mohamed Hassan Youssef, Governance determinants and standards regarding the pattern of its application in Egypt, published by the National Investment Bank, Cairo, Egypt, 2007.
-Suleiman Muhammad Mustafa, the Role of Corporate Governance in Combating Administrative Corruption, “Comparative Study”, El Dar El Gamaya, Alexandria. , 2009.
-Yahya Yassin, Four huge technological transformations in banking services during 2021, Cairo, Financial Technology Center of the Central Bank of Egypt, Egypt , 2021.
-Schultz Patrick, Elements of Public Procurement Law, L.G.D.J, 2nd editions, France, 2002.
C - Newspaper articles:
-Al-Ghoul Rasha, The impact of the characteristics of artificial intelligence technologies on solving electronic external audit problems: (a field study), Scientific Journal of Financial and Administrative Studies and Research, Faculty of Commerce, Sadat City University, Egypt , Volume 12, Issue 2 December 2021.
-Amamra Yasmina, Zarei Rabab, An approach between the principles of corporate governance according to the Organization for Economic Cooperation and Development and the Good Governance Charter for Algerian companies, Journal of Economy, Finance and Business, Hamma -Lakhdar El Oued University-Algeria, Volume 3, Issue 1, 2018.
-Allaq Hisham, Duraid Hanan, Applications of artificial intelligence in financial institutions as an introduction to activating financial inclusion, Journal of Economics and Sustainable Development (1), University of the Valley, Algeria , 2022
-Ali Abdel Samad Omar, The corporate governance framework in Algeria - a comparative study with Egypt -, Al-Bahith Magazine, Algeria,Volume 12, Issue 12 , 2013.
-Boulnah Reema, The role of commercial corporate governance in the sustainability of emerging, small and medium enterprises, Journal of Knowledge Issues, Algeria, Volume 02, Issue 03 , 2022.
-Douak Samira, Farhat Abbas, Transparency and disclosure to achieve quality accounting information, Journal of Administrative and Financial Sciences, Algeria , Volume 3, Issue 1, 2019.
-Farouk Al-Halawani, Faten Omar Ashmil, Sondos, The effectiveness of artificial intelligence to enrich the creative design of cartoon characters, International Journal of Artificial Intelligence in Education and Training, Egypt, Volume 2, Issue 1, 2022.
-Ghadban, Laila, Principles of Corporate Governance - Algeria Case Study, Journal of Legal and Economic Studies, Algeria ,Volume: 05, Issue: 02, 2022.
-Hafez Al-Qadi, Karim Muhammad, the impact of applying artificial intelligence systems techniques on the transparency of financial reports in light of contemporary professional publications: an applied study, Scientific Journal of Financial and Commercial Studies and Research, Volume 4, Issue 2, Damietta University, , Egypt ,2023.
-Ibn Ajraf Al-Shammari, Mishaan Hatem, , The impact of artificial intelligence technologies on corporate governance in the Saudi system, Al-Andalus Journal of Humanities and Social Sciences, Sana’a, Yemen ,Volume 10, Issue 73. May 2023.
-KharkhashJamila, Balajous Hussein, The role of internal control in activating corporate governance in Algerian commercial banks, Journal of Law and Human Sciences - Economic Studies, Ouargla, Algeria. Volume 9, Issue 3, 2015.
-Mohamed Abdel, Latif Reham, The extent the role of the auditor is affected by artificial intelligence in the audit process, “A Field Study,” Alexandria Journal of Accounting Research, Accounting and Commercial Department, Alexandria University, Egypt, Volume 6, Issue 3, 2022.
-Michel George, The role of artificial intelligence in corporate governance, International Journal of Jurisprudence, Judiciary and Legislation, Egypt , Volume 4, Issue 2, 2023.
-Qujil Muhammad, Qarziz, Nabila, Uses of technology as a mechanism in the Islamic banking industry. Al-Mayadeen Al-Eqtisadiah Journal (1), University of Algiers 3,Algeria , 2021.
-Sharati Samira, an evaluation study of corporate governance frameworks in Algeria compared to Jordan, Journal of Scientific Research and Studies, Algeria, Volume 13, Issue 01 , 2019.
D - Seminar papers:
-Sefat Salama, Abu Qura Khalil, “Damages of Robots and Artificial Intelligence Technologies - A New Challenge to the Current Civil Liability Law,” International Forum entitled: “Artificial Intelligence, a New Challenge to the Law,” University of Algiers, Algeria, November 27/28, 2018.
-Legal Aspects of Smart Contracts and Artificial Intelligence, , Working Paper to the United Nations Commission on International Trade Law, 13th, Fifty-First Session, New York. July 2018.
E - Websites:
-El-seid Adel Abdel Shafi Ammar Mona, Corporate Governance via Artificial Intelligence Technology, https://www.rowadalaamal.com on 11/07/2023.-The Legal Journal (a journal specializing in legal studies and research), Egypt, https://jlaw.journals.ekb.eg, on02/ 10/2023 .
-Governance basics, terms and concepts, 2021, Abu Dhabi Governance Center’s series of educational brochures, at the link: https://arabgovernance.net/wp- content/uploads/2021. on 21/10/2023.
-Jordan News Agency from the website jo.gov.petra.ww, accessed on 04/11/2023.
-Legal Aspects of Smart Contracts and Artificial Intelligence, July 2018, working paper submitted to the United Nations Commission on International Trade Law, 13, Fifty-first Session, New York, at the link: https://ucitral.un.org>commission, on 12/12/2023 .
-Salehi, Mohamed Yazid, Ben Brika, Abdel Wahab, The reality of corporate governance in Algeria, “A field study on institutions listed on the Algerian Stock Exchange”, Mohamed Kheidar University of Biskra, Algeria, p. 04. Link https://archives.univ-biskra.dz: on 15/10/2023 .
-“The Importance of Artificial Intelligence in Business”, https://fouprincipales.com, on 07/11/2023.