1. Tom and Tenesha are majority shareholders and the only directors of Acqua Peak Limited (APL) a company incorporated under the Companies Act 2004. The company has recently made huge prots by hiring water tankers to two large water companies in Portland to transport water to alleviate problems caused by lack of rain. Tom and Tenesha proposed at the board meeting that the directors award themselves a massive pay rise, which would have the effect of taking their monthly salary from $500,000 to $1,000,000. Advise Maureen, a minority shareholder who intends to challenge the validity of the directors' action in court. 20 marks