Corporate Governance The Board of Tourism Australia

Question: Discuss about the Corporate Governance for the Board of Tourism Australia. Answer: Introduction: The essential criteria for a director to be appointed in the board of Tourism Australia The overarching term, corporate governance is the set of business rules and practices based on which the board of directors maintains transparency and fair relationship in between the company and the stakeholders. The primary objective of Tourism Australia is to enhance the Australian economy by promoting Australia as a destination of both leisure and business events. However, the essential criteria of appointing as a board of director in Tourism Australia are as follows: Sufficient knowledge and experience in tourism sector The primary responsibility of a director of Tourism Australia is to have an in-depth knowledge and experience about tourism sector (Al-Najjar 2014). The individual should know business strategies and policies of satisfying the needs and demands of customers by associating themselves with the tourism industry for a long period. Ability to control the internal dispute among the board members The success of a Tourism Australia is highly dependent on the initiatives and decisions taken by the board of directors. A suitable decision can be taken only when the board members are able to make an effective interpersonal communication among them. An individual director should have the ability to reduce any internal dispute or misunderstanding regarding any kind of issue. Effective communication skill both verbal and non-verbal An efficient director of Tourism Australia should have enough fluency in communication skill (Tricker 2015). Effective communication skill creates an impression on an individual person. Otherwise, this individual fails to interact with the employees properly in order to know their problems at the workplace. Employees on the other hand do not intend to show their interest for following the instruction of board of directors. Reference List: Al-Najjar, B., 2014. Corporate governance, tourism growth and firm performance: Evidence from publicly listed tourism firms in five Middle Eastern countries.Tourism Management,42, pp.342-351. Tricker, B., 2015.Corporate governance: Principles, policies, and practices. Oxford University Press, USA.