3 directors resign from James Hardie

The 3 James Hardie directors sued by ASIC who were still on the James Hardie board have resigned.

The Board of James Hardie has accepted the resignations from the Board and Board Committees of Chairman, Meredith Hellicar, and non-executive directors, Michael Brown and Michael Gillfillan.

Hellicar’s letter of resignation said that her resignation was the only way to deal with her potential conflicts and that a special board committee to deal with the litigation independent of her would not have avoided perceptions of conflict.

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