Shareholders’ representatives are quitting the Board of Thames Water, the troubled water company A key board member of Thames Water, the crisis hit water provider and sewerage firm, has stepped down as it struggles to stay afloat.stepping down immediately, Thames Water said
Omers, or Ontario Municipal Employees Retirement System, is the largest Thames Water shareholder holds a near 32 per cent stake in Kemble Water, owners of Thames, the UK’s biggest water firm. “Thames Water continues to meet water regulator Ofwat’s expectation that independent non-executive directors form the largest single group on the Board,” the water provider said in a statement.
Britain’s privatised water industry has come under scrutiny as sewage spills have risen despite owners continuing to be paid substantial dividends, loading the companies with debt.
Source: News Formal (newsformal.com)
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