Assessing the commitment of five-star hotels in Egypt to apply the standard of disclosure and transparency as one of the corporate governance system standards: from the point of view of executive management

Abd-Allah, Mohamed; Abou Taleb Mohamed, Mohamed; Gharib, Rania; Mohamed, Abd Almonem

doi:10.21608/mfth.2021.203099

Assessing the commitment of five-star hotels in Egypt to apply the standard of disclosure and transparency as one of the corporate governance system standards: from the point of view of executive management

Document Type : Original Article

Authors

Faculty of Tourism and Hotels, University of Sadat City

10.21608/mfth.2021.203099

Abstract

The research aims to assess the extent of five-star hotels' executive management in the Greater Cairo region with the standards of disclosure and transparency set by the Organization for Economic Cooperation and Development (OECD) as one of the standards of the corporate governance system. By examining their commitment to the 18 sub-principles established by the Organization for the Standard of Disclosure and Transparency. The study community represents all five-star hotels within the Greater Cairo region and a total of 29 hotels, all of which were targeted as a sample for study and the statistically analytical sample was 27 hotels. Since the management category is an appropriate random probability sample, only one research sample was selected in each hotel and the data was collected through the questionnaire form, distributed through personal interviews targeting (board members and executive directors represented in hotel managers). The main recommendations of the study were to propose a viable framework that would help improve the quality of management decisions for the hotel's day-to-day operations, conform to the administrative nature of Egyptian hotel facilities and keep pace with modern global trends in the hospitality industry.

Keywords