The latest figures revealed that 1,777 directors were disqualified in the 2002/2003 down from 1,929 in the previous year. Of this latest total, 1,275 were disqualification undertakings, 319 were the result of proceedings taken against unfit directors and 166 were in association with civil and criminal prosecutions.
It also revealed that 359 company investigations were undertaken during the year, with the most common alleged misconduct being fraudulent trading. Eighty companies were wound up by the court, following representations made by the DTI.
In 2001, the DTI set up a hotline to help nab dodgy directors with the public’s help.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements