it's a report, so that we have to use proper report format. A cover sheet that lists the name of the report, your company name and address and the date A table of contents, An executive summary; an...

NAME OF THE REPORT: MANAGEMENT CONTROL SYSTEMS — REMUNERATION REPORT ANALYSIS
Company Name and Address: Sonic Healthcare
Level 22, Grosvenor Place, 225 George Street, Sydney, New South Wales, 2000, Australia
Date:
Table of Contents
Executive Summary    3
Introduction    4
Company Profile    4
Financial Performance of the Company    4
Remuneration Received    5
Remuneration Trends in Australia    5
Remuneration Policies in Australia    6
Analysis of the Remuneration Paid    6
Justification of the Remuneration Paid    7
Recommendations    8
Conclusion    8
References    10
Executive Summary
The top management is often responsible for the growth, well-being and stability of the company. They are the leaders managing not only the affairs of the company but at the same time need to predict the unforeseen circumstances so that steps can be taken beforehand. The cu
ent report is aimed at understanding the management control systems that are applied in an organisation with the intention to achieve organisational goals, as well as for a sustained level of effective performance. Hence, for evaluating their performance level, control systems are applied, whereas their remuneration determines the work efficiency, which is sometimes, influenced by this. Focusing on the scenario of Sonic Healthcare, a famous, Australia-based healthcare company, the report identifies the financial performance of the company, and in context of the salaries that they get, which have been contrasted with the trends and policies of remuneration in Australia. The report also generated some useful findings such as that the company’s cash remuneration has increased by 7.9% as compare to 2018. In addition, the remuneration has increased at an annual compound average rate of 11.2%.
Introduction
Top management often comprises of the key managerial persons or directors and they are the heart and soul of the company. There work demands commitment, presence of mind, agility and ability to meet the expectation not only of their stakeholders but also beyond that. Therefore, they demand hefty remuneration. The fees or the benefits or the salaries, whatever the name may but in simplicity the payments made by the company for their services. Here in this project, we are going to analyse the complex structure of remuneration made by the company to its directors, whether the work for which the work has been done or not, the remuneration is within the boundaries of the law, the growth in remuneration is in simulation with the growth of the company and if the remuneration is justifiable. All these shall be analysed in this project.
Here in this project we are going to analyse the complex structure of remuneration made by the company to its directors. Whether the work for which the work has been done or not. Whether the remuneration is within the boundaries of the law. Whether the growth in remuneration is in simulation with the growth of the company. Whether the remuneration is justifiable. All these shall be analysed in this project.
Company Profile
Sonic Healthcare, an Australian based company is a leading healthcare company not only in Australia but also around the globe. The company mainly provides laboratory services, diagnostic services, radiological services and pathological services. Its healthcare services have created a separate image in the eyes of the medical practitioners. The Sydney headquartered company has operations not only in Australia but also in America, New Zealand, Germany, France and others. The medical care, the facilities that the company provides is unmatched.
The company is cu
ently chaired by Prof. M.R. Crompton and managed as Managing director by Dr. C.S. Goldschmidt. Other than that, the company is also run by financial directors, CFO and its team. The accounts of the company have been audited by the renowned accounts firm Pricewaterhouse Coopers. As we talked about the commitment that the company has made with its customers i.e. medical practitioners, hospitals and patients is unmatched. The services provided by the company has helped to maintain and increase the warm relationship between doctors and patients, The healthcare services, the laboratory and other tests that company does is known for its quality, accuracy, time and money.
Financial Performance of the Company
The company Sonic Healthcare has reported a record profit of $ 550 million in a revenue of $ 6.2 billion. Further, there has been an increase in the issue of dividend by 4% in 2019. The company’s debt ratio has decreased from 2.7 in 2015 to 2.1 in 2019, which signifies that it is in better position to repay its debt. Similarly, the gearing ratio has improved from 37 % in 2015 to 29.5% in 2019. Further, the return on tangible assets has increased from 7.2% in 2015 to 8.7% in 2019. This is despite the fact that there has been a considerable increase in the tangible assets of the company. The increase in return, increase in profitability and decrease in debt ratio all signifies a single point i.e. the company’s not only financial performance has improved but its position has also improved. The company is becoming more profitable and more stable (Sonic Healthcare, 2020).
Remuneration Received
During the financial...