MANAGERIAL ACCOUNTINGName of the Student:Name of the University:Author’s Note:Course ID:
1. Introduction:•Compensation or payment received for services is remuneration•Development of literature review on executive performance and remuneration of Westpac, one of the big four banks of Australia•Review from the perspectives of its remuneration committee, allocation of remuneration, use of performance measures, changes in remuneration reporting and company pay against executive pay
2. Review of topic and review of literature:2.1 Executive performance evaluation and remuneration in public companies:•Better described procedure evaluates the previous performance to develop future targets•Extending support to the remuneration committee for undertaking suitable decisions to set effective strategic goals, future compensation and employment.
2. Review of topic and review of literature (Continued):2.2 Effectiveness of control systems within companies:•With the help of control systems, an organisation could fulfil its objectives by adhering to the internal, legal and regulatory standards.•Data could be obtained timely; however, there needs to be processing of various kinds of financial information leading to delays.
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