Monday, 12 October 2009

UK: compulsory education for disqualified directors?

A report in yesterday's Sunday Times newspaper indicated that the (opposition) Conservative Party is exploring the suggestion that disqualified directors should receive compulsory education on topics including their legal duties. The shadow business minister, John Penrose MP, is quoted:

I would favour an emphasis on rehabilitation and re-education, rather than boot-camp-style punishments ... This idea may have real potential for personal insolvencies as well as business insolvencies. Providing people with education on household budgeting, how to assess the loan market and other personal finance issues could have real value”

1 comment:

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