Question

What is Airbnb's corporate governance?

Answer 1

Airbnb gathers information by following guest safety incidents and checking hosts, guests and listings which is considered when the organization makes decisions and creates representative incentives. Presently, Airbnb is finding a way to ensure this information informs how it does business and compensates employees:

1-First, Airbnb is establishing an official stakeholder advisory group on its top managerial staff. The advisory group will be led by Belinda Johnson after she transitions from her present job as COO to turn into an individual from the Airbnb Board. This council will be responsible for advising its board in regards to its multi-stakeholder approach and the effect of the organization on its stakeholders, the steps to institutionalize this methodology into the organization's governance and the use of its corporate governance principles to shape the eventual fate of the organization.

2-Second, Airbnb has made an interior group that is driving its work to turn into an organization that serves all stakeholders. This group is driven by Joe Joebot Zadeh. Zadeh was one of the first 10 employees at Airbnb, is an individual from its official group, and has driven the improvement of signature products and services, from professional photography to designing and scaling Airbnb Experiences.

3-Third, Airbnb is connecting its adherence to its principles to objective setting and representative compensation. Specifically, its principles and metrics are coordinated into the organization objective setting process and are a focal part of its organization bonus program for all employees. Several metrics will be considered when Airbnb awards bonuses to employees, including however not constrained to progress on its stakeholder principles, such as our progress on guest safety.

These principles inspire behaviors that lead to contemplating close term actions yet longer-term horizons. They urge us to consider every one of our stakeholders and instill responsibility. Furthermore, they summon our inventiveness. Of course principles can be subjective, so we also created metrics that will assist us with keeping tabs on our development and ensure we are clinging to these principles. The following are examples of some however not the entirety of the metrics we will use.