2. Obtain the remuneration report for a publicly listed company. Examine the compensation contract for the chief executive officer (CEO). Prepare a report which summarises your findings relating to the following issues:

(a)What amount is short-term in nature (salary and cash bonus) and what is based on long-term firm or managerial performance?

(b)What proportion of the CEOs pay is performance based, and what proportion is not?

(c)What measures of accounting performance are used to determine the CEOs bonus?

(d)Given the accounting firm performance measures in the contract, what accounting decisions could the CEO might make in order to maximise their bonus?

(e)Can agency theory provide an explanation for the various remuneration components? Justify your answer.