§ 51. Mr. E. Fletcherasked the President of the Board of Trade if he will ask the Jenkins Committee on company law to make an interim report on legislation concerning take-over bids.
§ Mr. N. MacphersonNo, Sir. Takeover bids are only one aspect of the relationship between directors and shareholders which the Committee has under review.
§ Mr. FletcherDoes not the Minister realise that they are a very important aspect and one which is causing very great public concern today? Does he 1238 not consider that it would be very useful, therefore, if the Jenkins Committee were asked to make an interim report on the subject as a matter of urgency?
§ Mr. MacphersonNo, Sir. There are very many questions of urgency being considered by the Jenkins Committee, and my right hon. Friend does not wish to interrupt its consideration of these problems by giving it the task of making a particular interim report.