Clause 10 - Powers of governing bodies to form or
Education Bill
4:30 pm
Mr Phil Willis (Harrogate and Knaresborough, Liberal Democrat)
The hon. Gentleman has engaged in an interesting exposé of the clause. In formulating the amendments, has he considered that, under the Companies Act, a company can be taken over by another company? A company may be set up by a school, which does not have the head or any directors on behalf of the school on its board, and which is subsequently taken over by another company. At the moment, education companies are seen as profitable—their stock market prices have not been affected by the perceived recession elsewhere. Will the hon. Gentleman comment on that? The matter does not seem to be dealt with in the Bill.