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EISSN: 2313-3724, Print ISSN:2313-626X

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 Volume 5, Issue 1 (January 2018), Pages: 24-30


 Original Research Paper

 Title: Corporate governance practice for tourism small and medium-sized enterprises in Malaysia

 Author(s): Nurhazani Mohd Shariff 1, *, Azlan Zainol Abidin 2


 1School of Tourism, Hospitality and Event Management, UUM COLGIS, Universiti Utara Malaysia, 06010 Sintok, Kedah, Malaysia
 2School of Languages, Civilization and Philosophy, UUM CAS, Universiti Utara Malaysia, 06010, Sintok, Kedah, Malaysia

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The Tourism Small and Medium-Sized Enterprises (TSMEs) make a significant portion of entrepreneurial enterprises in Malaysia, and as a matter of fact play a big role as the backbone in the Malaysian tourism industry. Good corporate governance has been proven as a mechanism to increase companies’ performance and since corporate governance also plays a vital role in the small firms including entrepreneurial, this study intends to examine the corporate governance practices in TSMEs namely ownership and board structure, conflict of interest, stakeholders, social responsibility, remuneration and transparency. A number of 229 respondents consisted of board of directors and top management of TSMEs were asked to indicate the importance of corporate governance practices and to determine the component of best practices for the TSMEs. The findings highlight that all the six corporate governance practices significantly derived as important component for the TSMEs. At present, there has been limited study on corporate governance in TSMEs. Hence, these findings would contribute towards considering these best practices as a vital role in managing TSMEs in achieving their strategies and objectives. 

 © 2017 The Authors. Published by IASE.

 This is an open access article under the CC BY-NC-ND license (

 Keywords: Corporate governance, Small and medium-sized enterprises, Tourism, Malaysia

 Article History: Received 25 July 2017, Received in revised form 16 October 2017, Accepted 7 November 2017

 Digital Object Identifier:


 Shariff NM and Abidin AZ (2018). Corporate governance practice for tourism small and medium-sized enterprises in Malaysia. International Journal of Advanced and Applied Sciences, 5(1): 24-30

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