Member

Amendment 4 from the noble Lord, Lord Lansley, relates to shadow directors. For noble Lords who may be less familiar with company law, shadow directors are people not formally appointed as company directors but whose directions the official board is accustomed to following. Even without an official title, they are held legally accountable for certain duties and liabilities related to the company. The Bill already makes it clear that the Secretary of State and Scottish and Welsh Ministers are not shadow directors, which is a standard part of drafting for a Bill that establishes a corporate entity.