Clause 53 - Links between directors' pay and
Water Bill [Lords]
11:00 am
Mr Bill Wiggin (Leominster, Conservative)
We are galloping along this morning, which should warm the cockles of the Minister's heart. [Interruption.] Apparently he has warm cockles, but he may be the only one.
The purpose of the amendments is to withdraw large chunks of the Bill that deal with remuneration and standards of performance. Again, I want clarification from the Government. I want to know why certain chunks have been included in the Bill. The text states:
''(a) whether or not there are in force in respect of the financial year during which the statement is made arrangements falling within subsection (3) above; or
(b) if not, whether the company intends that such arrangements will be in force at some time during the financial year''.
I find that slightly muddling. I hope that the Minister can clarify what is going on.