Executive Performance Evaluation and Remuneration in Public Companies: A Review of Woodside Petroleum and Santos for the Fiscal Year of 2017

MANAGERIAL
ACCOUNTING
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1. Introduction:
• Compensation or payment
received for services is
remuneration
• Remuneration report also allows
the investors to understand the
level of income, which is generated
by the directors of the company
during declining profit and
improving earnings.
• The report mainly exists to
evaluate the remuneration reports
of Woodside Petroleum and Santos
for the fiscal year of 2017.

2. Review of topic and
review of literature:
2.1 Executive performance
evaluation and remuneration in
public companies:
• The remuneration report directly
involved different types of methods
that are used by the organisation in
paying the directives and
executives. There are two different
levels of payment such as share-
based payments and monetary
payments.
• With the remuneration report, the
organisation is able to detect the
level of expenses that is conducted
on executives and directors for their
initiatives.

2. Review of topic and
review of literature
(Continued):
2.2 Effectiveness of control systems
within companies:
• Presence of an effective control system within
the organisation is essential, as it helps in
improving the efficiency of the employees and
reduces the level of slack conducted by the
workforce. Without an efficient control, system
organisations are not able to reduce the level
of unethical practice within the organisation
and control the attributes of their workforce.
• Without the presence of effective control
system organisations are not able to operate
their 100%, which directly affects their
capability to reach higher levels of revenue
and income.