International Business Management
ISSN: OnlineISSN: Print 1993-5250
Abstract
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.
How to cite this article:
Nurhazani Mohd Shariff, Azlan Zainol Abidin and Kamarul Bahrain Abdul Manaf. Malaysian Budget Hotel and Accommodation Cooperatives: A Study on Corporate Governance Practice.
DOI: https://doi.org/10.36478/ibm.2016.5172.5179
URL: https://www.makhillpublications.co/view-article/1993-5250/ibm.2016.5172.5179