{"id":245645,"date":"2025-11-05T16:56:08","date_gmt":"2025-11-05T16:56:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/245645\/"},"modified":"2025-11-05T16:56:08","modified_gmt":"2025-11-05T16:56:08","slug":"water-company-bosses-bonuses-blocked-over-pollution-issues","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/245645\/","title":{"rendered":"Water company bosses&#8217; bonuses blocked over pollution issues"},"content":{"rendered":"<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The new rules mean companies are required to block annual bonuses and other awards to directors where they do not comply with the watchdog&#8217;s rules.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">This includes pollution incidents, poor environmental practices and criminal convictions.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Ofwat said that a further \u00a32.4m of performance-related executive pay was not required to be blocked, but should not be funded by customers.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Among the firms that triggered its rules, Thames Water had seven of the most serious category of pollution incidents, recorded in 2024.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">It also breached its licence to hold a sufficient credit rating and had a one-star rating in relation to its environmental performance.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">This meant that no bonuses or other awards were paid to its chief executive or its former finance chief, who left in March.<\/p>\n","protected":false},"excerpt":{"rendered":"The new rules mean companies are required to block annual bonuses and other awards to directors where they&hellip;\n","protected":false},"author":2,"featured_media":220549,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[1397,90,56,54,55],"class_list":["post-245645","post","type-post","status-publish","format-standard","has-post-thumbnail","category-environment","tag-environment","tag-science","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/245645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=245645"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/245645\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/220549"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=245645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=245645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=245645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}