UK watchdog makes further probes into water firms executive pay
London, August 25 (Reuters) – The British water editor said on Monday that he wrote to several companies that he demanded details about the wages described in their annual accounts as part of a examination in accordance with the rules prohibiting the executive wage.
In June, the government referred to the failures of overcoming the pollution to the executives given to managers for the year ending in April, including Thames Water and Yorkshire Water.
The regulator ofwat did not say which companies he wrote to companies, or whether Thames – the UK’s largest supplier with 16 million customers – and five other companies were included in the last review.
Sky News first reported the written requests of Ofwat, which announced that Yorkshire Water announced that the open sea parent Kelda Holdings has paid more than 1 million pounds ($ 1.35 million) with wages that were not previously notified.
Ofwat spokesman, who organized the water industry, said that he wrote to several companies about wage decisions this month to ask for more information.
“Where we find evidence that a company violates the rule, we have the authority to do improvement actions, including financial penalties, if not complied with,” companies. ”
The water industry has increased in recent months due to a fine wave for pollution and infrastructure failures.
In May, ofwat filed a penalty for 122.7 million pounds for Thames Water for environmental violations and unfair dividend payments.
Thames is at the center of criticism on the privatized sector, accused of discharge to sewage to sewage while paying dividends and accumulating 18 billion pounds debt. ($ 1 = 0.7402 pounds) (reported by Sam Tabahriti; editing by Susan Fenton)
