Articles tagged “corporate governance”

Mordashov's resignation from the TUI Group supervisory board has to be a tremendous relief to the world's largest tour operator, which can now in large part get on with its business. However, there is a substantial hangover: With his shares frozen, Mordashov still remains TUI Group's largest shareholder.

How will TUI Group respond to the European Union's sanctions against the tour operator's largest shareholder? The issue goes beyond any potential financial fallout and becomes one of corporate responsibility and the integrity of the TUI Group brand.

Does TUI Group really want to be associated with a Russian oligarch who sits on its strategy committee and who is close to and allied with Putin during Russia's invasion of Ukraine? That sort of publicity could hammer the company's reputation and its customers won't take the news well.

The Chinese government, for better or worse, is exacting a toll on online platforms in its anti-monopoly drive. Meituan's penalty amounted to 3 percent of revenue, and it is being forced to implement additional reforms.

Question: At Tripadvisor, as a controlled company, what mechanisms did minority shareholders have to pressure Chairman Greg Maffei to make dramatic changes? Answer: Relatively few.

Airbnb has legions of critics, and it knows that its articulated stakeholder goals will get intense scrutiny. But if the company turns some of these corporate governance aspirations into reality, then it could emerge looking pretty good compared with many established travel industry companies offering just lip service.