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  • by Karma Loveday

Ofwat seeks social contract director

Ofwat is recruiting for the new post of director – governance, environment and public value.

The successful candidate will be responsible for encouraging and incentivising companies to work in the long-term interest of society and the environment. Specific responsibilities include the following.

• Developing the concept of public value as it applies to the water sector and assessing ways to promote and incentivise this approach amongst companies.

• Developing Ofwat’s role in protecting the environment, including ensuring future environmental investment programmes bring forward the greatest strategic benefits and exploring how best to use natural capital accounting methods to evaluate companies’ activities.

• Work on strengthening the board leadership, transparency and governance of regulated water companies in line with Ofwat’s published principles.

Ofwat said the role sits at the heart of its new Performance and Outcomes cluster, set up to implement its new strategy Time to act, together. “The cluster will deliver the best outcomes for customers, society and the environment by driving improvements in company performance informed by intelligent monitoring, and developing and implementing regulatory policy through a variety of tools and relationships.”

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