Corporate Law News

Airbnb Revamps Corporate Governance, Tying Bonuses to Safety

Jan. 17, 2020, 5:08 PM

Airbnb Inc. is laying the groundwork for a public market debut later this year, announcing a new corporate governance strategy that values safety, sustainability, diversity and accountability.

The home-share startup has said it will track guest safety incidents, verify all seven million listings by December, measure its global carbon footprint and enhance employee diversity. To achieve its ambitions, Airbnb is creating a new Stakeholder Committee on the board and tying staff bonuses to safety metrics, according to a statement Friday.

In addition, Airbnb has promised to be transparent, reporting progress at an upcoming Stakeholder Day that can be attended by...

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