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Legislative and Regulatory Reform Bill

I hear what my right hon. and learned Friend says. It is an interesting debate. According to company law, 10 per cent. of members can call an annual general meeting but cannot scrap a resolution. The percentage figure would need to be reviewed carefully in the context of the way in which the House works. Let us not forget that these proposals were presented to the House a matter of days ago. I respectfully suggest that to say that there should have been or could have been adequate time is not realistic, but, as I said to Liberal Democrat Members, I do not discount it as an argument, and it may be followed up in the other place.