Water industry, Water, Environment Agency, England, Executive pay and bonuses, Pollution, Severn Trent, United Utilities, Business, Environment, UK news, Utilities Business | The Guardian
Exclusive: Regulator plans tighter rules to stop polluters from using four-star ratings to justify high CEO paySewage-spilling water companies will no longer be able to justify high chief executive pay by getting “top marks” in the Environment Agency’s rankings, under plans to tighten rules, the Guardian understands.Bosses presiding over companies found to “recklessly” discharge sewage have been able to justify their large pay packets because of being awarded the top rating, while companies that preside over sewage spills can call themselves “industry leaders”. Continue reading…
Exclusive: Regulator plans tighter rules to stop polluters from using four-star ratings to justify high CEO pay
Sewage-spilling water companies will no longer be able to justify high chief executive pay by getting “top marks” in the Environment Agency’s rankings, under plans to tighten rules, the Guardian understands.
Bosses presiding over companies found to “recklessly” discharge sewage have been able to justify their large pay packets because of being awarded the top rating, while companies that preside over sewage spills can call themselves “industry leaders”.
