Business Services Industry
Director skills shake-up to follow Hardie decision.
Australasian Business Intelligence, June, 2009
Byline: Patrick Durkin
Jun 22, 2009 (The Australian Financial Review - ABIX via COMTEX) -- The role of non-executive directors is likely to come under increased scrutiny in the wake of an adverse finding against seven directors of James Hardie Industries. The Supreme Court of New South Wales found that they breached their directors' duties and misled investors. HSBC Australia's Graham Bradley says the ruling may discourage people from taking up directorships, while others note that all directors will have to take more care with regard to the disclosure of market-sensitive information.
Publication Date: 23 June 2009
JAMES HARDIE INDUSTRIES NV - ASX JHX
HSBC AUSTRALIA HOLDINGS PTY LTD
SUPREME COURT OF NEW SOUTH WALES
AUSTRALIA AND NEW...
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