The Daily Telegraph

Disqualifi­ed directors

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SIR – As the current chairman of the Insolvency Service Board, I would like to assure Nicholas Ward (Letters, May 1) that, over the decade or more since he stepped down as a board member, the focus of our work to identify and disqualify unfit company directors has radically changed.

Our investigat­ors follow the evidence and take action where it is in the public interest to do so. More than 1,200 directors of small and large companies were disqualifi­ed last year.

That the agency is targeting serious cases can most clearly be seen in the average period of disqualifi­cation: 5.7 years. This is a real deterrent against abusing the protection­s afforded by limited liability trading which is essential to maintainin­g economic confidence and protecting the interests of creditors. Stephen Allinson

Chairman, Insolvency Service Board London SW1

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