The Chief Justice has said that ethics in the boardroom and in the governance of enterprises, rather than a constant eye on the needs of shareholders, is the way forward to building trust in the country's economic sector.

Chief Justice Susan Denham made her comments at the publication of the annual report of the courts service.

The report shows that there was a 50% increase in the number of applications restricting individuals from being company directors and a 350% increase in orders to disqualify company directors.

Last year 81 orders were made to restrict individuals from being company directors, up from 51 in 2011. 

Disqualification orders involving the directors of 18 companies were also made last year. This compares to just four in 2011.

The report also shows that repossession orders and judgements for the recovery of debts were both down 30%. However there was an 82% increase in committal orders to jail people for the non-payment of debts from 1,051 in 2011 to 1,921 last year.

New pub licenses granted were up almost 25% and defamation cases also increased. Court services costs decreased almost 6 % last year, while they are down 41% since 2008.