write an essay contain 200 words answering the following- As company ombudsman, your task is to investigate complaints of wrongdoing on the part of corporate directors and officers, decide whether there is a violation of the law, and deal with the wrongdoers accordingly. Jane, a shareholder of Goodly Corporation, alleges that its directors decided to invest heavily in the firms growth in negligent reliance on its officers faulty finanical reports. This caused Goodly to borrow to meet its obligations, resulting in a drop in its stock price.
Are the directors liable? Why or Why not?