Company Law Reform Bill [HL]
3:39 pm
Lord McKenzie of Luton (Government Whip (technically a Lord in Waiting, HM Household); Labour)
My Lords, before the noble Lord sits down, we did not favour that approach because you could have situations where the directors might deliberately choose not to seek such knowledge or to avert their gaze to allow the donation to happen. That is why we think our formulation is the better one.