A business prohibition is a prohibition issued by a court that prohibits an individual from holding a position of responsibility in a corporation

Corporation

A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Early corporations were established by charter...

. Business prohibitions are given as punishments and as preemptive measures following aggravated offences while in office, such as false accounting, or gross neglect of duties. The objective is to ascertain public trust in corporations: if the offender's actions are liable to damage the trust of debtors, partners or other parties of contracts, a business prohibition is issued.

An individual with a business prohibition may not found or run any sort of a corporation, be in a corporate executive board, be employed as a CEO or even use one's powers as a stock owner

Shareholder

A shareholder or stockholder is an individual or institution that legally owns one or more shares of stock in a public or private corporation. Shareholders own the stock, but not the corporation itself ....

, even by proxy. If a proxy agrees to circumvent the prohibition, he may be convicted as an accessory to a crime.