Dominic Chappell in September 2018 On 27 March 2018 the UK Insolvency Service announced that intends to ban Chappell, and three other former BHS directors, from serving as company directors for up to 15 years, following its investigation into the collapse of BHS under the Company Directors Disqualification Act 1986. Dominic Chappell Dominic Joseph Andrew Chappell (born 28 November 1966) is a British businessman and former racing driver, who has been declared bankrupt on two occasions. In 2015, his company, Retail Acquisitions Ltd, purchased the now collapsed retail chain British Home Stores from Philip Green for just £1 GBP together with a
Corporate governance It is about commitment to values, about ethical business conduct and about making a distinction between personal & corporate funds in the management of a company." India is a growing economy and it is quite important to safeguard the interests of investors and also ensure that the responsibility of management is fixed. The Satyam scandal, also known as India's Enron, wiped off billions of shareholders' wealth and threatened foreign investment in India. This is the reason that corporate governance in India has taken the centre stage. The so-called "Anglo-American model" of corporate governance emphasizes the interests of shareholders. It relies