Register of Company Directors
All companies are required to appoint one or more directors (the minimum number is dependent upon the company type) and generally it is up to the members to appoint the people they believe will run the company well on their behalf. The only restrictions that prevent anyone becoming a director are they must be at least 16 and:
- they must not have been disqualified from acting as a company director (unless the court has given them permission to act for a particular company);
- they must not be an undischarged bankrupt (unless they have been given permission by the court to act for a particular company).
In February 2008, The Times and Computer Weekly broke a story that almost 4,000 of the names on the Companies House register of directors were on international watchlists of alleged fraudsters, money launderers, terror financiers and corrupt officials. The results came from Datanomic who had screened the 6.8 million names on the register against a World-Check database of high risk individuals and businesses. The exercise also revealed more than 1,500 disqualified company directors were being allowed to actively run other UK companies as Companies House was not even checking names against its own register of disqualified persons.
Read more about this topic: Companies House
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