Water companies score high in risk rating study
- From: Vol 1, Issue 10 (October 2000)
- Category: Market insight
- Region: Europe
- Country: United Kingdom
- Related Companies: Anglian Water, Azurix, Bournemouth & West Hampshire Water, North West, Severn Trent Water, Thames Water, United Utilities and Wessex Water
The Turnbull Code on Internal Control is set to become a mandatory London Stock Exchange listing requirement later this year. All listed companies – including water utilities – will be required to establish mechanisms to meet the necessary risk management obligations. With this in mind, Andreas King of SERM provides GWI with a preview of water companies’ environmental risk ratings.
UK water plcs will be subject to the Turnbull Code from December and required to identify, evaluate and manage their ‘significant risks’ and to assess the effectiveness of associated internal control systems.
In response, SERM has conducted a major risk assessment exercise (see GWI, Vol. 1 Issue 1, p.18-19) across all FTSE companies save for investment trusts. For the ...
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