Water industry bonus ban to be tightened as Ofwat warns of ‘damage to public trust’
The Guardian1 min read1 reads
Regulator to hasten review over concerns that firms are ‘undermining’ rules to make large payments to bosses
Sewage being processed at Thames Water's Longreach sewage treatment works in Dartford. Photograph: Carl Court/Getty ImagesSewage being processed at Thames Water's Longreach sewage treatment works in Dartford. Photograph: Carl Court/Getty ImagesWater industry bonus ban to be tightened as Ofwat warns of ‘damage to public trust’
Regulator to hasten review over concerns that firms are ‘undermining’ rules to make large payments to bosses
The water company bonus ban is set to be tightened after the regulator accused the industry of a risk of “damaging public trust” with large payments to bosses that appeared to get around the rules.