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Honest failure of a business is no disgrace. In tough economic times, this is even more so. If directors have been mindful of their responsibilities, as we discuss here, they can start afresh with no stain on their reputation. Business secretary Vince Cable has proposed sanctions for misconduct, to make rogue directors more accountable for their actions. But he has also moved to improve trust in the professionals who

Business secretary Vince Cable has announced proposals to improve corporate transparency and make reckless directors more accountable for their actions. The idea is that by improving confidence in the UK as a place to do business, investors will pile in and boost the economic recovery. Shining a light on opaque corporate structures is part of a commitment made at a recent meeting of the G8 countries to establish a ce