Disqualification /comprehensive suspension/ prohibits a person from working as a director, senior corporate officer, liquidator, receiver, or, in any way, from engaging, or concerned with the management of limited liability companies. A person may be disqualified, among others, upon criminal conviction, unfitness, bankruptcy or any other failure in the administration of a company. In Ethiopia, disqualification scheme is functional only in the financial sector. However, the disqualification regime in the financial sector is criticized for its subjectivity, unpredictability and lack of due process. In other words, in Ethiopia, disqualification scheme is not functional in other types of limited liability companies other than those in the financial sector. However, now- a-days the Ethiopian Government is looking forward to incorporate disqualification regime in all limited liability companies. This desire called examining the disqualification scheme and amending provisions regulating corporate governance in limited liability companies.