Investigating board of directors’ perceptions on corporate governance practice in cooperatives

This study investigated 56 Board of Directors of the Malaysian budget hotel and accommodation cooperatives perceptions on corporate governance practice.They were asked to provide their perceptions regarding nine aspects of cooperatives governance – principles and values, responsibilities and accountability, appointment, management, communication, assessment, information, remuneration and also auditing and control.They were approached through questionnaire survey and were asked to return the questionnaire within three weeks using a stamped - envelope provided. The findings indicated that majority of the Board have positive perceptions regarding the corporate governance practice.This eventually contributes to the management of cooperatives to sustain the economy and community wealth particularly within the tourism and hospitality industry in Malaysia .