James Hardie Industries

Shareholder revolts, board spills and bonus battles — Australia’s AGM season has turned bloody, with James Hardie leading a wave of corporate reckonings.

Norges Bank, which manages the world's largest sovereign wealth fund, is opposing the election of five James Hardie directors and voting against its remuneration report.

This earnings season was defined by "once in a generation" swings in the share prices of some of the bluest of blue-chip names on the ASX. The jury's still out on what's driving it.

The final week of earnings season promises more surprise punches as CSL and James Hardie feel the pain of their US exposures.