Running head: REMUNERATION REPORT ANALYSIS OF QANTASRemuneration Report Analysis of QantasName of the University:Name of the Student:Author’s Note:Course ID:
1REMUNERATION REPORT ANALYSIS OF QANTASExecutive SummaryExecutive performance evaluation by the board serves as a major aspect of efficient governance.The report explains the selected company’s approach in encouraging higher performance by itsexecutive team along with analyzing whether it transformed to better company performance.Remuneration system of Qantas is deemed to be effective enough in delivering superiorperformance for the company as well as its executives. In addition, it has been found out that theairline has concentrated on paying a standard pay package to its staffs. The report elucidated thatwhile reporting, Qantas must consider analyzing as the gathered data is not always a realreflection of real performance in which more than one raw information input is provided to attainreal picture.
2REMUNERATION REPORT ANALYSIS OF QANTASTable of Contents1. Introduction......................................................................................................................32. Topic and Literature Review...........................................................................................32.1. Executive Performance Evaluation and Remuneration in Public Companies..........32.2. Effectiveness of Control Systems within Companies...............................................42.3. Executive Performance and Reward Systems..........................................................53. Company Review.............................................................................................................64. Findings Summary...........................................................................................................85. Analysis of Remuneration Methods Used.......................................................................96. Recommendations..........................................................................................................107. Conclusion.....................................................................................................................12References..........................................................................................................................13
3REMUNERATION REPORT ANALYSIS OF QANTAS1. IntroductionRemuneration report analysis facilitates in increasing the efficiency of a company’sremuneration practices and policies through explaining the ways in which the employees arecompensated in contrast to reference market (Malak 2015). The objective of the current report isto develop a summary of the literature researched on a specific topic of executive performanceanalysis along with remuneration an Australian public company named Qantas. This report willfacilitate in developing an increased knowledge regarding remuneration report analysis of Qantasthat facilitates a better informed consideration regarding remuneration report of Qantas. Thereport will also encompass an elaboration on control systems effectiveness in companies thatbasically focuses on executive or management performance along with reward systems. Thereport will also elaborate the selected company’s approach in encouraging higher performanceby its executive team along with analyzing whether it transformed to better companyperformance. Moreover, certain recommendations will also be provided for reportingimprovement and enhancing performance measures. 2. Topic and Literature Review2.1. Executive Performance Evaluation and Remuneration in Public CompaniesExecutive performance evaluation by the board serves as a major aspect of efficientgovernance. Adamson, Manson and Zakaria (2014) stated that after surveying 99% of thedirectors it is gathered that their performance is analyzed yearly and the rest carries out regularevaluations. Performance analysis is deemed to be difficult in the executive level. Barontini,Bozzi and Ferrarini (2017) indicated that a better explained process analyses the past
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