Network Rail senior bonuses approved despite criticism from regulators

Network Rail senior managers’ bonuses have been approved, despite criticism from industry regulators.

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Although the Office of Rail Regulation has been vocal in its criticism of executive pay within the industry, Network Rail’s AGM, held yesterday, saw 71% of members approve executive remuneration.

While chief executive Iain Croucher is to forgo his bonus, other executives stand to benefit by more than £300,000, on top of their base salaries.