Change law: OFWAT to block dividends & executive bonuses when rationing water

Summary

Change the Water (Special Measures) Act to require OFWAT to block executive bonuses and payment of shareholder dividends in the event of water companies declaring water rationing measures. Water companies have paid billions in shareholder dividends and bonuses while neglecting to make adequate investment in future proofing our water infrastructure to keep up with climate change or a growing population. We think the government should intervene and change the law to correct a market failure, by requiring OFWAT to apply financial penalties to shareholders and executives in the event of implementing water rationing.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

No documents linked.

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.