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]: