Proceeding contribution from Lord Sharman (Liberal Democrat) in the House of Lords on Monday, 6 February 2006. It occurred during Debate on bill and Committee proceeding on Company Law Reform Bill [HL].
Company Law Reform Bill [HL]
My name is added to Amendment No. 170. I endorse what the noble Lord, Lord Freeman, has said: it is right that there should be a reasonableness test with regard to conflict. The absolute obligation in the Bill, which we shall come to under Amendment No. 170A, almost obliges someone to have a crystal ball to look into the future and to see what is going to happen, so that in some time in future he should not have a conflict of interest. Taking ““all reasonable steps”” to avoid that is a much more sensible approach.
Secondary information
- Type
- Proceeding contribution
- Reference
- 678 c286GC
- Session
- 2005-06
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Codes of practice Company law Companies Directors Civil proceedings Conduct Finance Liability Management Taxation Shareholders Transfer pricing
- Legislation
- Company Law Reform Bill (HL) 2005-06
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-04-22 01:40:46 +0100
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