Matthew Knott; 29/9/08
Civil court proceedings against disgraced building company James Hardie Industries begin in Sydney today, with former executives facing huge fines and disqualification from managing corporations if found guilty. The Australian Securities and Investments Commission has accused seven former James Hardie directors and three former company officers of misleading investors over the company’s compensation payouts for asbestos victims. ASIC claims the case “goes to the heart of the responsibilities ofdirectors of public companies”. Asbestos victims and their families, still furious at how they have been treated by the company, are travelling from across Australia to attend the proceedings.
See: http://www.theaustralian.news.com.au/story/0,25197,24415713-5013404,00.html
Tags: Aboriginal, Australia, Environment, health, Trade