Disappointed. That's how Anne Lloyd described events overnight after she and two other directors were summarily dismissed by James Hardie shareholders.

Incredibly, the chair remained not just unrepentant for her recent actions but seemingly oblivious to the unbridled anger roiling through the company's ranks.

"We have always acted in the long-term interest of all James Hardie stakeholders," she told stunned shareholders at the company's annual general meeting in Dublin.

Unfortunately for Lloyd, 67.3 per cent of shareholders disagreed, opting instead to unceremoniously dump her and two other directors. A further two directors only narrowly survived the vote. Loading...

It's difficult to recall another time when the chair of a top 200 company was publicly booted from the position.

No

See Full Page