Under current legislation, individuals convicted of economic and property crimes are automatically subject to a five-year ban on serving on the boards of capital companies. Anyone convicted of an intentional offence cannot apply for this ban to be reduced.

However, the Minister of Justice has put forward a draft amendment to the Code of Commercial Companies that would allow such individuals to apply to the district court for the ban to be revoked or shortened.

The Ministry points out that the automatic five-year ban, without the possibility of shortening it, is too harsh a regulation and does not allow for the circumstances of individual cases to be taken into account.

Find more articles in PRO HR June 2025.