Thames Water overhauls bonus structure

Thames Water has unveiled a new bonus structure, with top executives able to earn up to 240% of their salaries for hitting certain targets. That is down from the current maximum level of 320%, which Thames annual report says demonstrates “remuneration restraint throughout the turnaround period”. Despite the decrease, union leaders and consumer groups have called out the disparity between executive pay and Thames’ performance.

This content is for members only. Please click here to view the full article.