UK damaged by ‘dodgy directors’ says trade body | Business

UK damaged by ‘dodgy directors’ says trade body | Business: "British businesses are being put at risk because the Government is failing to investigate “dodgy” directors, the insolvency trade body R3 warned today.<br /> <br /> The group informed the Insolvency Service of 7,030 cases of directors' behaviour it believed warranted further investigation in the 2009-10 financial year, but only 1,387 cases were examined.<br /> <br /> That means the rate of director disqualifications by the Insolvency Service halved from 40% in 2004 to 20% in 2010, despite fraudulent activity rocketing over the past year.<br /> <br /> R3's president, Steven Law, said: “This mechanism is in place to protect the general public and other businesses from dishonest directors.<br /> <br /> 'Not punishing directors who are blameworthy sends out a dangerous message to others."

UK damaged by ‘dodgy directors’ says trade body | Business

UK damaged by ‘dodgy directors’ says trade body | Business: "British businesses are being put at risk because the Government is failing...

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