Over recent months there has been increasing interest in the civil liability of company directors and auditors. Some have expressed concerns that suitably qualified individuals may be deterred from accepting positions as company directors. Others have been more concerned about the position of auditors.
This consultation focuses on the civil law. It is not about any potential criminal consequences that might apply.
The right solution will involve balancing the interests of stakeholders, in particular:
Given these different perspectives it is perhaps not surprising that views vary as to the issues and the best way forward. This is your chance to have your say, and to provide evidence to support your views.