The number of bans rose by 10% last year with almost 1,500 unfit directors receiving their marching orders from the boardroom, the DTI said today.
DTI minister Kim Howells said: ‘My messsge is loud and clear – we mean business. Directors of failed companies who have shown by their conduct that they are unfit to manage companies will be banned.
‘Although the past 12 months has been a record year for bans we must ensure that they are accompanied by an effective means of enforcement. The true success of the hotline and the part the public has to play in this issue is now coming to fruition.’
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.