Article 6G768 Ban bonuses to water company bosses, Ofwat told

Ban bonuses to water company bosses, Ofwat told

by
Alex Lawson and Helena Horton
from Environment | The Guardian on (#6G768)

Regulator under pressure to act after finding executive payouts at three English suppliers were not justified

Ofwat is facing calls to completely ban bonuses for the bosses of water companies after it raised concerns over executive payouts at three English suppliers.

The water regulator has said that, having assessed the bonuses paid last financial year at 16 companies across England and Wales, it found those at Severn Trent, South West Water and Portsmouth Water were not substantially linked to stretching delivery for customers and the environment".

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