A corporation is not a suitable person to hold a licence if an executive officer of the corporation—
(a) has been convicted or found guilty within the previous 5 years of an offence involving drugs that is prescribed under the regulations; or
(b) is affected by bankruptcy action; or
(c) is someone the chief executive decides under section 17 (Consideration of suitability of applicant or licensee) is not a suitable person to hold a licence.