What is the maximum period of disqualification for a director convicted of a serious offence?

The maximum period of disqualification for a director who has been convicted of a serious offence is indeed 15 years. This disqualification serves as a legal penalty and a mechanism to protect the integrity of corporate governance. The law aims to prevent individuals who have demonstrated serious misconduct or failure in their roles as directors from continuing to serve in such capacities.

If a director is found guilty of a serious offence, the court can impose a disqualification order. Such serious offences can include fraud, theft, or other significant criminal activities which directly reflect on a person's suitability to run a company. By imposing a disqualification period of up to 15 years, the law recognizes the severity of the offence while also allowing for a significant duration that serves as a deterrent for future misconduct by other potential directors.

It is essential to understand that there are different thresholds and consequences based on the nature and severity of the offence. The period of disqualification is designed to protect public interest and encourage good standards of governance in the corporate sector.