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Proceeding contribution from Lord Freeman (Conservative) in the House of Lords on Thursday, 9 February 2006. It occurred during Debate on bill and Committee proceeding on Company Law Reform Bill (HL).

Company Law Reform Bill

I am grateful for that explanation in response to my probing amendment. The Minister’s response to an extent leaves unanswered a number of issues which have been raised with us, not only by the Law Society but also by the CBI. I should like to reflect on those. However, I am bound to say that I sympathise strongly with the principle that a payment to a director for loss of office as a result of an offer for shares to another company should be subject to certain approvals. That is quite right. But the law already requires certain steps to be taken. I shall certainly read the record, but for the moment I beg leave to withdraw the amendment. Amendment, by leave, withdrawn. Clause 199 agreed to. Clause 200 [Exception for payments in discharge of legal obligations etc]:

Secondary information

Type
Proceeding contribution
Reference
678 c359GC 
Session
2005-06
Chamber / Committee
House of Lords Grand Committee
Subjects
Disclosure of information Conditions of employment Contracts Data protection Company law Companies Directors Conduct Annual reports Conflict of interests Liability Exemptions Electronic commerce Payments Public companies Money lenders Meetings Shares Shareholders
Legislation
Company Law Reform Bill (HL) 2005-06
Link
View this Proceeding contribution on www.publications.parliament.uk