DCS tying up businesses in red tape

It seemed like a good idea at the time. What better way to call company directors to account than by making them sign a statement saying that they were fully compliant with all areas of company law?

Thus was the controversial Directors Compliance Statement (DCS) born at the beginning of the decade, at a time when the Sarbanes-Oxley Act was being introduced in the US to discourage a repeat of the crooked accounting ...