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Ofwat tightens executive pay rules


Ofwat plans tighter measures on water company executive bonuses

Ofwat will regularly review all executive director bonus payments and where the regulator's expectations have not been met, customers will no ...

Ofwat sets out details on crack down on exec pay

Ofwat has published its assessment of how performance related pay awarded to water company executives during 2022-23 was aligned to delivery for customers and ...

Ban water company chief executive bonuses, Labour to tell Commons

... Ofwat tightening rules on bonus payments. “For 2022-23, no water company bosses in England are paying a CEO bonus out of customer money, and ...

Water Companies: Executive Bonuses - Hansard - UK Parliament

Ofwat must have the power to ban the payment of bonuses to water bosses who allow significant levels of raw sewage to be pumped into our ...

Government cracks down on bonuses for water company bosses

Water bosses are set to be banned from receiving bonuses if a company has committed serious criminal breaches, the Environment Secretary has ...

the Water (Special Measures) Bill - Local Government Lawyer

The Bill introduces provisions for Ofwat to issue rules regarding the remuneration and governance of water companies. These include provisions ...

Water and Sewage Companies: Directors' Remuneration - Hansard

There was a 20% increase in executive pay last year, and Britain's privatised water and sewerage companies paid £1.4 billion in dividends in ...

Ofwat tightens rules over water company dividend pay-outs

Under new powers announced on Monday, Ofwat said it can block payments to shareholders if “they would risk the company's financial resilience” ...

Ofwat delivers decision on executive pay

Ofwat has today confirmed new plans that will ensure customers no longer fund executive bonus payments where they have not been sufficiently justified.

Water firms breaching pollution rules to face CEO bonus ban

Water company executives could soon be banned from receiving bonuses if their firm has committed serious criminal breaches under their watch.

Ofwat tightens rules on water companies' dividend policy - Reuters

Water industry regulator Ofwat said on Monday it would stop the payment of dividends if they risk a water company's financial resilience, ...

Water and Sewage Companies: Directors' Remuneration -

On 3 July 2018, in a paper titled Consultation on Revised Board Leadership, Transparency and Governance Principles, Ofwat promised greater ...

Water watchdog chief seeks to stem consumers' sewage lawsuits

Seema Kennedy, the director of Ofwat, is also leading a campaign to tighten rules for class action lawsuits ... executive director of Ofwat.

Ofwat's performance and delivery

How do you ensure that all fines are paid from executive remuneration and dividend funds rather than just adding to customer bills? How does ...

Ofwat asks water firms to do more for people struggling to pay bills

Its guidelines will also require companies to offer flexible payment options for customers who have irregular incomes and are on zero-hours ...

Ofwat tightens rules over water company dividend payouts

Under new powers announced on Monday, Ofwat said it can block payments to shareholders if “they would risk the company's financial resilience” ...

Fair bills and improving service | Ofwat

... tightening regulation to ensure bonuses and dividends are only ever paid out when companies are compliant with environmental legislation.

Lib Dems raise a stink over record pay for water chiefs - The Times

Three executives at Thames Water, which was criticised after thousands of people were left without water in Surrey in recent days, received base ...

Ofwat CEO: water company executives' pay should link to ... - CIWEM

Black has penned a letter to water company remuneration committee chairs reiterating the regulator's expectations on performance-related executive pay for 2021- ...

Notice of Ofwat's proposal to issue an enforcement order and ...

may be operated under 'General Binding Rules' regulations.8 ... performance when making its decisions about the dividends and executive pay.