Ged Nash: Stopping company directors from jumping ship
Regulators have lost count of the number of times company directors have jumped ship without putting a firm into liquidation - and this is supposed to be good enough?
Last week’s report from the Company Law Review Group (CLRG) takes over 150 pages to decide: “yerra, ’twill do”.
In my report to government two years ago on the sale and liquidation of Clerys, I wrote of the widespread public concern about the way Clerys was closed and how those whose livelihoods depended on the business were treated.
When a company becomes insolvent, then clearly not all creditors can be paid in full. ...
