Malaysian budget hotel and accommodation cooperatives: a study on corporate governance practice

• Main Authors: Mohd Shariff, Nurhazani, Zainol Abidin, Azlan, Abdul Manaf, Kamarul Bahrain
• Format: Article
• Language: English
• Published: Medwell Journals 2016
• Subjects: GV Recreation Leisure
• Online Access: http://repo.uum.edu.my/20857/1/IBM%2010%2021%202016%205172%205179.pdf; http://repo.uum.edu.my/20857/; http://www.medwelljournals.com/abstract/?doi=ibm.2016.5172.5179

Corporate governance has becoming a vital issue which tremendously researched even in a small organization such as cooperative.However, none has studied in the context of Malaysian budget hotel and accommodation cooperatives.This study investigated 56 Board of Directors’ perceptions to find out their awareness of the corporate governance and the existing guidelines in their cooperatives.The study also examined their perceptions toward nine aspects of corporate governance such as management, appointment, responsibilities and accountability, information, assessment, remuneration, auditing and control, communication and finally principles and values. The findings highlighted that board of Directors aware of the corporate governance practice and the existing guidelines. Further, the findings also indicated positive perceptions regarding the practice which significantly contributes to the management of budget hotel and accommodation cooperatives to sustain the economy and community wealth.