{1-2 In 201?, Three friends (Tom, Rob and Susan] incorporate Rags Pty Ltd to operate a retail fashion shop that only sells 'd'ne latest trendy fashion designs. Tom and Rob each held 45% of the issued shares and Susan held the remaining 1(196 of The shares. The company's constitution stated that all 3 were directors, with Tom being appointed as the MD. Susan is very critical of Tom's management but lacks the support of Rob in confronting Tom about his style of management. Rob informs Tom about Susan's dissatisfaction- To teach Susan a lesson. Tom and Rob decide to incorporate a new company called Ribbons and Rags Pty Ltd in which Tom and Rob are equal shareholders. Ribbons and Rags Pty Ltd trades in The neighbouring suburb and Tom and Rob divide their time between the two businesses which sell similar products. Susan is unhappy when she hears about These developments but is unsure what she can do as she feels that she has been outsmarted by her friends. Advise Susan whelher: I Tom and Rob have breached any directors duties owed to Rags Pty Ltd under the Corporation Act; and I Met remedies are available to Rags Pty Ltd and ASIC for breach of duties identied above