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Company Law Reform Bill [HL]

moved Amendment No. 170A:"Page 70, line 3, leave out ““or possibly may conflict””" The noble Lord said: This amendment deals with the issue of things one does not know about when accepting a directorship. I take cognisance of what the Minister said in answer to the last amendment. He has been very helpful and I can now see a way in which we will be able to resolve that issue. I can see that many resolutions will be put before boards of directors once the Bill becomes law to authorise all the other directorships. If that is the way, we will deal with it. This amendment deals with the crystal ball issue. It removes the words ““or possibly may conflict”” in Clause 159(1). It is difficult to see how one can deal with an issue that is not related to another directorship. When one goes on to a board with another directorship, one can ask for authorisation. Other things may arise in future that give rise to a conflict that one cannot foresee at that point in time. Taking the steps to avoid that concerns me. I beg to move.