Turning now to the specifics of the bill: firstly, a "pecuniary interest" will be defined specifically as "a matter or activity of financial benefit to the member". A new section 42C in clause 4 outlines a number of interests relating to the member's position. They will be required to disclose the name of each company within which the member is either a director or holds or controls more than 5 percent of the voting rights, along with a description of the main business activities of the company, to ensure that there is clarity and that they can be easily understood by members of the public. They'll be required to disclose any other company or business in which the member has a pecuniary interest; the details of each employer, if the member is in employment; the name of each trust in which the member has a beneficial interest; any interests in organisations that receive funding or apply for funding from the local authority. When councils are making decisions around funding opportunities, it's often very unclear as to the nature of relationships between those who are sitting around the table making those decisions and the group that is seeking funding. This requirement will avoid any doubt.