HL Deb 26 June 1985 vol 465 c826WA
Lord Brockway

asked Her Majesty's Government:

Whether they will introduce legislation applying the recommendations of the working party of the Hansard Society that companies making donations to political parties should seek the approval of their shareholders.

Lord Lucas of Chilworth

The proposals in the report from the Hansard Society about shareholder approval of companies' political donations are part of a voluntary code of practice and the report makes it quite clear tht the code is not dependent on any legislative changes. Moreover, the report stresses that a voluntary code is preferable to a statutory requirement. We have no plans to change the law on this matter.