He was joined at the AGM by Lindsay Fraser, from the Construction Forestry Mining and Energy Union (CFMEU), Ella Sweeney from the Asbestos Diseases Foundation of Australia and Robert Vojakovic, president of the Asbestos Diseases Society of Australia. Mr Bastian said most James Hardie shares were held by institutional investors rather than mum and dad shareholders. "We will need to confront the institutional shareholders," Mr Bastian said. "Our position with institutional shareholders is, quite frankly, they can't maintain the three monkeys position - see no evil, hear no evil, speak no evil. "They have an obligation to ensure that the company meets its responsibilities, both legally and morally. James Hardie, in our opinion, does neither."