During a debate about new reporting obligations for company directors where they must provide details of "key relationships", Charles Walker asks for a definition of "key relationships".

Mr. Charles Walker (Broxbourne) (Con): For those of us who are less informed on this matter than my hon. Friend, how can a key relationship be defined for the purpose of the Bill?

Mr. Djanogly: My hon. Friend makes an important point, and the Minister may wish to clarify the matter. From what I can make out, having read Lords Hansard, Lord Sainsbury seems to have spoken about what a key relationship would not be, rather than what it would be, in relation to those suppliers that companies would have to disclose. Under the Bill, it will be left to the company to determine what a key relationship is. One might have expected the Government to have a view, given that they tabled the proposal in the first place, presumably with some agenda. But the position is unclear, and my hon. Friend has made an important point.

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