Re: Kill it stone dead
Agreed. But need to ensure that the ban is followed. Fines at corporate level may well be an accepted cost of doing business. There needs to be personal criminal liability for directors. Directors because it's a role defined in company law, otherwise either it gets difficult to define the responsibility in a way that doesn't leave loopholes or the liability gets pushed down onto somebody who did not make the decision and lacked the authority to countermand it.
And, of course, it's easy to explain risk in non-technical terms to the board "You could all go to jail for up to five years and be disbarred from holding directorships."