Ofwat probes payments to water bosses after Yorkshire row
The water industry watchdog is probing payments to the bosses of a string of suppliers following the revelation that Yorkshire Water's offshore parent company had handed its chief executive more than £1m in previously undisclosed fees.
Bosses at six water companies have been banned from receiving bonuses for the last financial year under new legislation that comes into force on Friday.
Directors of Thames Water will meet within days to decide whether to proceed with more than £2m of retention payments to senior executives amid fierce scrutiny from MPs.
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Ofwat probes payments to water bosses after Yorkshire row