Thames Water

(asked on 4th July 2018) - View Source

Question to the Department for Environment, Food and Rural Affairs:

To ask Her Majesty's Government what assessment, if any, they have made of (1) possible conflicts of interest in the appointment of auditors, and (2) inappropriate payments to senior executives, at Thames Water; and whether they will ask OFWAT to launch an investigation.


This question was answered on 17th July 2018

The Government has not made an assessment of conflicts of interest in the appointment of auditors or the level of pay to senior executives at Thames Water.

The Government fully supports Ofwat’s reforms to the price review process which requires water companies to ensure that executive pay is linked to customer service, share profits with customers, and make dividend payments more transparent.

https://www.ofwat.gov.uk/wp-content/uploads/2018/04/Putting-the-sector-back-in-balance-consultation-on-proposals-for-PR19-business-plans.pdf.

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