HTM 3160 Chapter Notes - Chapter 8: Financial Statement, United Nations Economic And Social Commission For Asia And The Pacific, Good Governance

• School: University of Guelph
• Department: Hospitality and Tourism Management
• Course: HTM 3160
• Professor: Chris Choi

Document Summary

Setting and developing rules and mechanism policy, as well as business strategies, by involving all the institutions and individuals. Unescap (united nations economic and social commission for asia and the pacific) definition. The process of decision-making and the process by which decisions are implemented (or not implemented) It is how the dmo is administered and who does the administering. Governance involves the policies, systems, and processes to ensure that all stakeholders are involved. Dmo is accountable for its results and resource usage and has a high level of transparency. Dmos are increasingly being hep accountable for their activities and use of resources. The obligation of a dmo to justify and account for its programmes and activities. And to accept the responsibilities for the results. Dmos must disclose these results in a transparent manner and take responsibility for the use of all the resources with which it has been entrusted.