[35A Remuneration and standards of performance]
Water Industry Act 1991 (1991 c 56) | Legislation

[Disclosure of arrangements for remuneration]

[35A  Remuneration and standards of performance]

[(1)     This section applies to any company holding an appointment under Chapter 1 of this Part.

(2)     As soon as reasonably practicable after the end of each financial year of the company it must make a statement to the Authority—

(a)     disclosing whether or not remuneration has been paid or become due during that financial year to the directors of the company as a result of arrangements falling within subsection (3) below; and

(b)     where such remuneration has been paid or become due, describing the arrangements and the remuneration.

(3)     Arrangements fall within this subsection if they are arrangements for linking the remuneration of the directors of the company to standards of performance in connection

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