James Hardie Board Of Directors

Seven former james hardie directors have lost an appeal to scrap penalties and disqualifications ending a marathon legal battle over the board s 2001 decision to release misleading information.

James hardie board of directors.

He was elected to the company s managing board at the. The james hardie case is an important reminder to public company directors of the significance of media statements and in particular asx announcements. The principal role of the board is to promote and protect shareholder value by providing strategic guidance to management and overseeing management s implementation of the company s strategic goals and objectives. The high court has ruled that seven former james hardie non executive directors breached corporate law by making a misleading statement about the company s asbestos compensation fund.

It operates through the following segments. North america fiber cement international fiber cement. Mr chenu joined james hardie as interim cfo in october 2004 and was appointed cfo in february 2005. Details of the three james hardie boards.

Public company board members executive and non executive have an obligation to exercise care and diligence in considering and approving significant public statements made by the company.