Water Companies: Incentives
The question
To ask the Secretary of State for Environment, Food and Rural Affairs, if she will take steps to extend the ban on water company bonuses to cover payments from offshore companies.
Answered by Emma Hardy
This Government has been clear about our expectations - and those of the public - regarding unwarranted water company bonuses.
Companies should be transparent over the entire remuneration package for executives, so Ofwat can robustly monitor and enforce against its new rule on executive remuneration and assess the rule’s effectiveness ahead of the planned review in 2027.
Should Ofwat find any rule breaches, companies will face enforcement action which can include financial penalties.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →