Standard version: "The Governing Body is neither inspired nor infallible. Therefore, it can err in doctrinal matters or in organizational direction."
Simplified version: "The Governing Body is neither inspired nor perfect. It can make mistakes when explaining the Bible or directing the organization."
They are admitting that potentially, they could have misinterpreted the scriptural cocktail they use in their attempt to prove they were appointed by God in 1919. Could it be they are actually just self appointed?
Where does wrong interpretation end and correct interpretation begin? As they admit they are not inspired by holy spirit, how can anyone truly know?