Here's a classic case of a byzantine corporate structure that allows executives to evade the law (here a ban on performance related bonuses set by OfWat).
Whatever the merits of Wessex Water's defence of the payment, what this reveals is how law-based regulation can be side-stepped easily by corporate structural organisation... and if you think this is either an isolated case, or just a by-product of such organisation, think again! Its intentional!
#business #water
https://www.theguardian.com/business/2025/dec/28/former-wessex-water-boss-received-bonus-despite-ban-on-performance-pay
