When it got to the privy council the lord hoffman in his analysis said is to look at what the leg is about. It is underpinning policy is the immediate disclosure it is critical for markers? that the disclosure is done immediately. As long as someone has got empowered to make investment we dont have to search around for the directing wil l and mind. All we say is that this person is empowered to make the decision therefore the company has to be held liable. No directing will and mind. Could be argued that who is the directing a will and mind. There is board of directors, and ceo is the person or MD is the person who is directing will and mind. It is dangerous approach to take. As court might decide otherwise. Here we say we looking at leg aim to achieve that is the immediate disclosure. That is what is critical