Disclosure of Corporate Governance Practices in Indian Tourism Companies

Abstract

This paper examines [G1] the disclosure of corporate governance practice in published annual reports of Indian tourism companies listed on BSE during the period of three years from 2013 to 2015. This study based on secondary data. Corporate governance addressed in this study include board of directors (size, composition, and diligence), audit committee (size, composition, and diligence), ownership (government, institutional and foreign). This study employed content analysis of the published annual reports of 53 tourism companies listed on BSE by using SPSS software program. The results indicate that audit committee size and board size have highest disclosed variables, while government ownership is the lowest variable that disclosed about tourism companies. This study suggests that the tourism companies should increase the disclosure of corporate governance. [G2] [G3] [G4] This study also recommends that the result of this study may have some important implications for the enhancing disclosure of corporate governance practice of listed Indian tourism companies.