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Company Law Reform Bill

I would like to ask a question about the meaning of the amendment. Although it is very clear, as printed, it is not clear to me whether, when the words are added at the end of line 21, the provision would apply only to paragraph (b)—public companies—or whether it would be, as it were, printed on a new line and apply to paragraphs (a) and (b), so applying to both private and public companies. Does the amendment mean that, if a general notice is given, the authorisation can be given in an equally general manner? That of course relates to my concern about directors having specific details of a particular transaction which they authorise in order to put aside the duty about conflict of interest. Or can they just give a general authorisation in the same manner as a general notice is given, which would effectively be saying, ““On all these matters, do what you like””. If it is the second proposition, the classic principle of conflicts of interest will be set aside in an extremely wide manner. I have really put two questions, which perhaps my noble and learned friend could address in responding to the debate.