Clause 22
Company Law Reform Bill [Lords]
12:30 pm
Margaret Hodge (Minister of State (Industry and the Regions), Department of Trade and Industry; Barking, Labour)
I have two things to say to the hon. Gentleman. I did not say that that was the driver for destroying company shareholder democracy—I do not think that it is—and community interest companies are pretty new. We passed the legislation to facilitate their development only a year ago. They might well grow over time. However, other bodies—joint venture companies could be one, and those who are better versed in these matters might be able to think of further examples—might want entrenchment provisions.