Business Secretary Vince Cable is to propose making the people who ran failed companies personally liable for the firm's debts as part of an overhaul of company rules.
He will add that directors deemed to be reckless should be disqualified from being able to work at another firm.
Mr Cable also wants to allow individual regulators to disqualify directors in their particular industries.
See full Article: http://www.bbc.co.uk/news/business-23306086
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