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Author Archives: Giles Frampton

The Independent View: Ministry of Justice costs reforms undermine Vince Cable’s aim of tackling rogue directors

By Giles Frampton | Wed 22nd October 2014 - 1:24 pm

A key message the Business Secretary Vince Cable has been keen to stress during his time in government is the need to tackle rogue directors: he’s announced plans to produce “stronger deterrents” and “more robust sanctions” to quash ‘dodgy directors’. Dr Cable’s – and insolvency minister Jo Swinson’s – policies on protecting creditors from rogue directors are certainly worth developing, but they are at risk of being undermined by policies being put forward by the Ministry of Justice.

The Ministry of Justice has been seeking to tackle the costs of litigation, but its reforms will end up having a big impact on the insolvency profession’s ability to combat rogue directors and will have disastrous and costly consequences for small business creditors and the taxpayer.

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Posted in Op-eds and The Independent View | Tagged business, insolvency and vince cable | 1 Comment

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