Company Law Reform Bill

I shall deal with Amendment No. 177 by itself for a moment. Even if these words were left out, Clause 158 would still state what the duty to exercise reasonable care, skill and diligence must be. Perhaps a little more accurately than saying,"““matters of which he ought . . . to be aware””," Clause 158 says that he must act with the,"““knowledge, skill and experience that may reasonably be expected of a person carrying out the functions carried out””," by him,"““and . . . the general knowledge, skill and experience that the director has””." Would the noble Lord profit quite as much as he is suggesting by the passing of this amendment while leaving Clause 158 unaltered?