A few stand out items

  1. They only plan to reduce leaks by 12% by 2030 (and are leaking 26om litres a day). Given they are taking 120m litres a day out of the Wharfe as part of their drought permit this is a drop in the ocean.
  2. They persist in saying shareholders pay for Nicola Shaw’s additional payments when actually we pay – by paying the shareholders interest on debt and dividends. Its a poor cover up.
  3. Ms Shaw has been in the job 2 years and still performance drops, Ms Murray fails to acknowledge the penalties incurred in the last year from shocking performance and the downgrade by the EA
  4. Mid range pay for water sector CEOs is not something to be celebrated – WC CEOs are paid ridiculous salaries earning millions and millions, see our Rich List here
  5. The reporting of pay should not have been the result of a newspaper investigation. Overall given we are shackled as customers to a monopoly provider of a vital service there should be much more transparency. The fact is YW has a group structure with loads of companies to hide information and money. Nicola Shaw will no doubt be getting even more than the now public salary – from the range of companies in the group

BUT – we are pleased to see more stakeholder engagement is planned with the Board. We will be inviting the Board to Ilkley – we hope you will come.