Fraudulent or negligent directors could be forced to compensate creditors, under new plans expected to be outlined by the Business Secretary.
Vince Cable will announce proposals to boost transparency and trust in British business in a speech to the London Stock Exchange.
He will float a range of options for discussion including making errant bosses liable for losses, and disqualifying directors who are already banned outside of the UK.
Mr Cable will also raise making the safety and stability of firms the main responsibility of bank directors - an idea suggested by the Parliamentary Commission on Banking Standards.
In an interview with The Sunday Telegraph, he warned that the failure to punish executives in the wake of the banking crisis had undermined public faith in regulation.
"I think the public are a little baffled by the current regime," he said.
"There is an issue around the people who used to run Lloyds and RBS, and there is a worry about how the system operates."
People who operate "rogue companies" or are involved in "serial failure" should be punished through disqualification, the Cabinet minister added.
However, he indicated that he wanted any new measures to be proportionate.
"We don't want to get into a situation where we're penalising good business people who take risks but whose business fails for whatever reason," he added.
Tougher rules are not expected to be retrospective, despite persistent calls for action against figures such as former RBS chief executive Fred Goodwin.
There also appears little chance that final proposals will reach the statute books before the 2015 general election.
On transparency, Mr Cable is to moot ending 'concealed ownership' of companies, by requiring businesses to supply information on their owners and controlling shareholders.
This could mean scrapping bearer shares, which confer ownership without requiring the holder of the shares to be identified in public, and demanding more information about nominee directors.
But shadow business secretary Chuka Umunna said Labour had been leading the charge for a "more responsible capitalism".
"Since the Tory-led government came to office the number of actions taken against suspected fraudulent or reckless directors has fallen at the same time as the number of incidences of suspected fraud has increased," he said.
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