Former Conservative MP John Lee is one of the most enthusiastic investors I've ever had the privilege of meeting. Now a Liberal Democrat life peer with the rather grand title of Baron Lee of Trafford, the 78-year-old remains as passionate about investing as he has ever done – and he has considerable investment clout. In recent weeks, he has been vociferous in his criticism of the lack of information given to shareholders by companies which receive takeover approaches from rivals. His concern, that some shareholders can lose out as a result, has prompted the Takeover Panel to promise to review its oversight of bids to see whether information should be made public.