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Evaluating and rewarding CEO performance Most of the management accounting literature and textbook coverage of performance measurement relates to performance measurement of operational managers. You

Evaluating and rewarding CEO performance

Most of the management accounting literature and textbook coverage of performance measurement relates to performance measurement of operational managers. You are asked to research the performance measurement, evaluation and compensation of Chief Executive Officers (CEOs).

a.Is performance evaluation of the CEO different from other levels of management? What unique challenges arise in the performance evaluation of CEOs?

b.What are the typical components of CEO compensation plans? What is the rationale underpinning the design of CEO compensation?

How does the performance evaluation of CEOs relate to the design of CEO compensation plans? Describe the strengths and weaknesses in the evaluation of CEO performance and determination of CEO compensation. Suggest recommendations that might address the weaknesses you identify. Use examples from Australian firms to illustrate your discussion.

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