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Proceeding contribution from Lord Goldsmith (Labour) in the House of Lords on Tuesday, 9 May 2006. It occurred during Debate on bill on Company Law Reform Bill [HL].

Company Law Reform Bill [HL]

My Lords, the noble Lord asks where community interest companies fall. Section 32 of the Companies (Audit, Investigations and Community Enterprise) Act 2004 contains powers to insist that the articles of community interest companies include provision required by the regulations. If thought fit, this could be used to include provisions in the articles of community interest companies, reversing in practical terms the relaxation of the strict no-conflict rule. If the noble Lord wants to take that further, perhaps he and I can discuss it after we have concluded today’s Report stage. On Question, amendment agreed to. [Amendment No. 94 had been retabled as Amendment No. 126A.] [Amendment No. 95 had been retabled as Amendment No. 126B.] [Amendment No. 96 had been retabled as Amendment No. 126C.] [Amendment No. 97 had been retabled as Amendment No. 126D.] Clause 171 [Directors’ long-term service contracts: requirement of members’ approval]:

Secondary information

Type
Proceeding contribution
Reference
681 c868 
Session
2005-06
Chamber / Committee
House of Lords chamber
Subjects
Disclosure of information Contracts Accountability Charities Community interest companies Company law Companies Directors Animal experiments Fraud Finance Families Liability Insolvency Harassment Public companies Private companies Shares Shareholders
Legislation
Company Law Reform Bill (HL) 2005-06
Link
View this Proceeding contribution on www.publications.parliament.uk