On 18 August 2009, the Office of Fair Trading (OFT) published proposed amendments to its guidance on director disqualification orders. The current guidance provides that the OFT will focus on directors who are directly involved in a breach. However, under the proposed amendments, the OFT would also focus on cases where a director should have acted to prevent a breach or where a director ought to have known about the breach. The consultation is open for feedback until 20 November 2009.
OFT Guidance on Director Disqualifications
To read the OFT's current guidance on director disqualification orders click here.