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Company Law Reform Bill [HL]

As the noble Lord said, this really does come back to our earlier debate. The amendment is a helpful illustration of what might have been provided if we had decided to go down a different legislative route. But having determined to go down the legislative route that we have taken, which I explained in answer to a previous amendment from the noble Lord, Lord Sharman, this is not the approach that we have adopted. We believe that the approach taken in the Bill provides greater flexibility for companies and their shareholders; therefore the amendment is inappropriate.