Region. Hardie fine like 'parking ticket'

Professor Michael Adams, head of the school of law at UWS, said the $80,000 fine imposed on James Hardie Industries for breaching corporations' law was comparable to a parking fine in terms of the company's size and ability to profit. While the penalties seemed extremely low, he maintained the outcome was still very important in terms of defining the legal duties of executives and their responsibility to explain important and complex transactions - including professional reports - to all non-executive directors.