So the mortgages want to take the water in Thames likes the company and the senior management is given to clams from the rules and environmental protection (The bidders request themes water that is given resistant to environmental crimes, 7 June). The rights of investors, as if, should win communities rights in a clean environment.
This is the failure of strongly implemented regulations that carry the wrong handle of Thames WaterWith loans used to increase shareholder divisions and bloated bonuses for non-linear managers. In many countries the law is now available to confiscate private properties obtained from immoral activities, such as drugs run and prostitution. There is no reason why those with great abundance in the natural surroundings should be treated by any other race.
Far from providing resistance from prosecution, the government must restrict the law so that the criminal prosecution of managers responsible and paying the shareholders of an underperformer business. Such a measure capable of financial markets to improve good corporate management and environmental maintenance. Then, financial investors and shareholders want useful businesses that give them financial returns. If investors know they can lose their investment and dividends by investing in a company like Thames pondThey will soon look to invest in highly ethical businesses.
Government has to start today with the steps of seizing the properties of managers who develop themselves by making a debt company, highly defective water company. The revenues should be invested in water infrastructure and environmental cleaning. And thames water should be taken to the public ownership and its assets are sold. Only responsible investors should apply.
David Humphreys
Emeritus Professor of Environmental Policy, Open University
