By Yasmine EDDAM
27 April 2025
In addition to the direct financial consequences for the company and potentially for the executive's personal assets, difficulties can lead to sanctions of another kind, just as formidable: professional sanctions. These are not aimed directly at the company's portfolio, but at the executive's ability to practise his profession, to manage, administer or control a company. The impact on a career can be devastating. The two main measures are personal bankruptcy and a management ban. Although distinct from financial and criminal sanctions, they are a severe response to serious breaches by a company director. Their objective is clear: to remove from the business world those whose conduct is deemed to be prejudicial or dangerous. Understanding these sanctions, knowing who can be targeted and on what grounds, is essential for any manager wishing to assess the risks associated with his or her duties. What is personal bankruptcy and disqualification from managing a business? These penalties are provided for...
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