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

Sums awarded to Nicola Shaw being assessed to ensure they comply with rules banning bonuses to 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 that 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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