Beware of Disqualified Directors – you too could be in the firing line!

Two directors of a scrap metal company have been disqualified for a combined 20 years for, among other things, allowing an undischarged bankrupt and already disqualified director to act as a company director.

The directors’ conduct was heavily criticised for allowing creditor and shareholder liabilities to increase but also for failing to maintain adequate controls on the company and its principals.

This case shows a move in focus on policing the disqualification regime to the directors themselves.

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