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
UK Corporate Governance Code accountability is meant to be through the market, rather than through law. An additional reason for a Code, was the original concern of the Cadbury Report, that companies faced with minimum standards in law would comply merely with the letter and not the spirit of the rules. The Financial Services Authority has recently proposed to abandon a requirement to state compliance with the principles (under LR 9.8.6(5)), rather than the rules in detail themselves. UK Corporate Governance Code The UK Corporate Governance code (from here on referred to as "the Code") is a part of UK company law with a