Member

Perhaps more importantly, I am not clear what can be recovered from shareholders in a failure, especially overseas shareholders. The noble Baroness, Lady Noakes, referred to this earlier on her Amendment 4, so I realise that I am treading slightly on ground that we have already covered. Thames Water is a good example of a company that has been left almost insolvent by inappropriate levels of past dividends to a foreign shareholder, and it seems to be something that we cannot do anything about.