Regulator examines £1.3m paid to Yorkshire Water boss via offshore parent company

Sums given to Nicola Shaw will need to comply with rules that ban bonuses for chief executivesThe water regulator is scrutinising payments worth £1.3m made to the boss of Yorkshire Water via an offshore parent company, after the Guardian revealed the existence of the extra money.A government spokesperson said Ofwat, the watchdog for England and Wales, would “assess” the payments to the utility’s chief executive, Nicola Shaw, to ensure they complied with rules banning bonuses for water company bosses. Continue reading...

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