Homes and Communities Agency Sir Bob Kerslake has waived his entitlement to his annual bonus of £44,000, saying he did not wish to accept the sum in the current economic climate.
The Homes and Communities Agency recommended the chief executive should receive a full bonus of 20 per cent of his £220,000 annual salary.
The recommendation was based on his successes in achieving personal targets including launching the HCA four months ahead of schedule and meeting targets for personal delivery.
But Sir Bob told Construction News: “I decided not to take the bonus. The decision wasn’t any reflection on the performance of the agency and more a case of the current economic climate.
“As a purely personal decision, I didn’t think it was right to take a bonus in these times.”