directorship

He holds shareholdings in a range of companies, and directorships in a range of media and fashion firms, prompting questions from the Conservatives over his closeness to the Labour leadership.

Among other penalties, it seeks a ban against Mr Shafi from holding directorship of companies.

"It wouldn't surprise me if he got an offer to be the chancellor at the university, and backed it up with a portfolio of business directorships," Mr Smith said.

He has personally been banned from holding any directorships for three years and his company cannot secure loans with financial institutions registered with the city during that time either.

Van Zweden said his post-New York Philharmonic career would include his commitments in Seoul as well as a music directorship at a European ensemble.