Item 2: Approve the Remuneration Report. The structure is weighted more towards rewarding long-term performance, the payout is adequately aligned with performance, accelerated vesting in the event of a change of control is not possible, except for recruitment awards, and the quantum is not excessive.
Severn Trent is engaged in providing water and waste water services and developing renewable energy solutions through Co.'s businesses: Severn Trent Water and Dee Valley Water (together Co.'s Regulated Water and Waste Water business), and Severn Trent Business Services. Co. is organized into two main business segments: Regulated Water and Waste Water includes the wholesale water and waste water activities of Co.'s subsidiary, Severn Trent Water Limited, its retail services to domestic customers, and Dee Valley Water; and Business Services, which includes Co.'s Operating Services businesses in the U.S., the U.K. and Ireland and Co.'s Renewable Energy business.
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