The NSW Court of Appeal has overturned the decision of the NSW Supreme Court in respect of seven directors who had received bans on serving as directors. The Supreme Court had found that they had breached their duties to the company (James Hardie) in 2001 over a misleading media release about asbestos compensation. The Court […]
Read MoreThe New South Wales Supreme Court has imposed bans and penalties on former directors and officers of James Hardie following the ruling in April 2009 by Justice Ian Gzell that the ten had breached their duties to the company in 2001 over a misleading media release about asbestos compensation. Some of the former executives are […]
Read MoreAustralia’s Business Day has reported that The Australian Securities and Investments Commission (‘ASIC’) wants seven former non-executive directors and three former executives at James Hardie banned from company directorships for at least five years each and fined a total of $2.8 million to $3.4 million. Justice Ian Gzell began hearing submissions on exoneration, penalties and […]
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