Record numbers of dodgy directors banned
Bans for company directors have risen to record levels, provoking the government to claim success for its 'dodgy director' hotline.
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.’
ACCOUNTANCYAGE.COM EXCLUSIVE: IR35 deals double tax blow for 4,000 businesses