Public company directors who have been banned
March 7, 2026
Public company director who have been banned
Crikey piece on James Hardie
James Hardie
Banning nine blokes and former James Hardie chair Meredith Hellicar for a cumulative 62 years was a pretty good effort by Justice Ian Gzell, but the total fines of $750,000 clearly fell well short of the mark. The gang of ten, average age 60, have had their public company careers ended.
One-tel
However, the collectivist approach for the seven non-executive directors surprised many. Where was the additional penalty for the chair as we saw in 2004 when former One-Tel non-executive chairman John Greaves copped a four-year ban and a $20 million compensation bill which sent him broke?
HIH Insurance
Ray Williams and Rodney Adler both did about 2 years in jail. Chair Geoffrey Cohen was banned from insurance for 10 years.
Andrew Forrest
Defeated ASIC which spent $10m plus trying to ban him for over-promoting his China contracts. Started in 2006 and High Court over-turned it in 2012.
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