Part of the debate – in the House of Lords at 6:31 pm on 24 April 2007.
Amendment No. 24 is a probing amendment, exploring what circumstances would lead to the Government feeling that the power in Clause 4(5) should be exercised. It is difficult to imagine circumstances in which a non-executive board member would need to be compensated. Non-executives in the private sector rarely if ever receive compensation for their resignation or loss of office. If the power has not been used previously, is it really necessary? If the Minister cannot think of a time when the power would unquestionably be necessary, the Bill would be improved by its removal. I hope that he will consider the amendment carefully. I beg to move.