→ John Hanna

On 19 August 2009, the Supreme Court of the State of New South Wales in Australia imposed civil penalties on former James Hardie Industries Ltd (JHIL) directors and officers, including seven non-executive directors, who the Court found had failed to exercise their powers and discharge their duties with an appropriate degree of care and diligence. Each non-executive director was fined $30,000 and disqualified from managing a corporation for a period of 5 years.
Companies in the James Hardie group manufactured and sold asbestos products. As a result of decisions made at a JHIL board meeting in February 2001, a Foundation with assets of $293 million was set up (more…)