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Developing a framework of corporate governance best practice for the Malaysian tourism small and medium-sized enterprises


Mohd Shariff, Nurhazani and Zainol Abidin, Azlan and Bahar, Mohd Roslee (2018) Developing a framework of corporate governance best practice for the Malaysian tourism small and medium-sized enterprises. GeoJournal of Tourism and Geosites, 22 (1). pp. 1-7. ISSN 20651198

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Abstract

This paper presents a framework for corporate governance best practice in Malaysia tourism small and medium-sized enterprises (TSMEs). Based on the reviewed literature regarding TSMEs and corporate governance, this paper presents nine major elements of corporate governance best practice in a form of framework namely; Shareholders, Ownership and Board Structure, Top Management, Board of Directors, Conflict of Interest, Stakeholders, Social Responsibility, Remuneration and Transparency. The implementation and adaptation of this framework in managing TSMEs would significantly assist the administration, management and shareholders to accomplish and achieve performance excellence. Additionally, the framework would also contribute as guideline which could be used for further research in determining whether these elements are being practiced by the TSMEs Board of Directors.

Item Type: Article
Uncontrolled Keywords: Corporate governance best practice, Malaysian tourism small and medium-sized enterprises, framework
Subjects: G Geography. Anthropology. Recreation > GV Recreation Leisure
Divisions: School of Tourism, Hospitality and Event Management
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 11 Sep 2019 03:15
Last Modified: 11 Sep 2019 03:15
URI: http://repo.uum.edu.my/id/eprint/26375

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