Company Law Reform Bill [HL]

I am grateful for that very considered response. I am also grateful to the noble Lord, Lord Sharman, for his support. Obviously I have listened carefully to the Minister. The noble Lord, Lord Sharman, made it clear that we are dealing with the evolution of voluntary disclosure. I do not flatter the Minister when I say he has had a distinguished business commercial career outside the House. He therefore understands the push and the pull underlying this clause. The concern is that once you hand this power to his successors, it will not always necessarily be used as sensibly as I am sure the Minister would use it. It is very widely drawn and extensive in the powers it gives to his successors; that is one of our concerns. We have no problem with enhancing shareholder engagement. Indeed, our discussions on Part 9 were exactly about that. I think we need to talk to people outside and read carefully what the Minister has said. We need to see whether his remarks carry any weight outside and to consult further. But for tonight, I beg leave to withdraw the amendment. Amendment, by leave, withdrawn. Clause 866 [Disclosure of information under the Enterprise Act 2002]: