Member

That brings me to my noble friend Lord Blunkett’s other amendment in this group, Amendment 159. As I just touched on, and in response to my noble friend Lord Knight, I reassure my noble friends that we expect that the regulator’s code will include recommendations related to executive and non-executive directors. I also assure my noble friends that providing clubs with guidance to ensure that they have an appropriate governance structure is at the heart of the Bill’s existing corporate governance provisions. We have not listed in detail what the code must contain, as that should be for the regulator to determine in consultation with the industry and perhaps informed by its “state of the game” report.