Environment secretary signals crackdown on executive pay and offshore financial arrangementsMichael Gove has called for a crackdown on excessive executive pay and offshore financial arrangements within water companies,warning that concern approximately corporate behaviour could grow whether customers face a hosepipe ban later this year.
In a letter to Jonson Cox, chairman of Ofwat, and the environment secretary said the government was prepared to hand more power to the industry regulator to help it tackle such practices.
Continue reading...
Source: guardian.co.uk