Corporate governance has a critical role in enhancing financial transparency and ensuring the stability of banking institutions. This study reviews the impact of corporate governance practices on financial transparency and organisational stability in the banking sector. Adopting a qualitative methodology within an interpretivist framework, the research systematically reviews 30 peer-reviewed academic papers and regulatory reports published between 2014 and 2024. The initial investigation covers information from Scopus, Web of Science, and professional reports issued by the Basel Committee, OECD, and World Bank. Four key governance factors were identified during the analysis: board independence, effective audit systems, minimum capital requirements, and transparent disclosure practices. The findings suggest that complete financial transparency arises from ethical leadership together with independent boards and regulatory obedience, as shown by research data, thereby enabling corporations to maintain lower systemic risks. Banks achieve stability through proper governance structures that protect bank operations while gaining public and investor confidence in the banking sector.
Amuda et al. (Sun,) studied this question.