Directors already have serious concerns that the statutory expression of directors' duties contained in the companies bill will require them to make and record decisions in an artificial and burdensome way, without reaching a different decision from the one they would have made anyway. At the IoD we have long recognised, and teach on our courses, that decisions made in the boardroom must meet the interests of appropriate stakeholders. To go further than what we now have in the bill is, in the words of a former minister until recently responsible for this area of law, "bonkers", as it would diminish the directors' accountability to shareholders.