Source · Select Committees · Environment, Food and Rural Affairs Committee
Recommendation 10
10
We also recommend that an insolvency SAR should be triggered earlier if key provisions of...
Conclusion
We also recommend that an insolvency SAR should be triggered earlier if key provisions of a more robust Turnaround Oversight Regime are not adhered to, such as a direction to inject new equity, particularly if this results in shareholders abandoning a company. These changes should be made as part of wider reforms to the water sector: we caution against a rushed reform of SAR legislation solely to address the Thames Water case. (Recommendation, Paragraph 41) 22