Thames Water chairman accused of conflict of interest over £37m share dividend payment
Defra officials concerned about ‘conflicted position’ of Sir Adrian Montague over dual role chairing holding companyThe chair of Thames Water was suspected by government officials of holding a potentially “conflicted position” when his company made an “unjustified” dividend payment of £37.5m to its shareholders.The water provider, on the brink of bankruptcy, was in the high court last week seeking an emergency £3bn loan as it struggles to stay afloat under massive debts. It is under fresh scrutiny over its dividend payments. Continue reading...
Defra officials concerned about ‘conflicted position’ of Sir Adrian Montague over dual role chairing holding company
The chair of Thames Water was suspected by government officials of holding a potentially “conflicted position” when his company made an “unjustified” dividend payment of £37.5m to its shareholders.
The water provider, on the brink of bankruptcy, was in the high court last week seeking an emergency £3bn loan as it struggles to stay afloat under massive debts. It is under fresh scrutiny over its dividend payments. Continue reading...
