Some water boss bonuses in England could be banned, says Ofwat
New powers mean regulator can ban payouts under criteria of Ofwat’s choosingBonuses for water bosses in England could be banned this year for companies that spill sewage, break the law or mismanage their finances, Ofwat has announced.The regulator has launched a consultation into draft criteria under which it would ban bonuses being paid to chief executives. Sources at Ofwat told the Guardian they are near-certain to ban some water CEO bonuses this year. Continue reading...
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New powers mean regulator can ban payouts under criteria of Ofwat’s choosing
Bonuses for water bosses in England could be banned this year for companies that spill sewage, break the law or mismanage their finances, Ofwat has announced.
The regulator has launched a consultation into draft criteria under which it would ban bonuses being paid to chief executives. Sources at Ofwat told the Guardian they are near-certain to ban some water CEO bonuses this year. Continue reading...
