3. AtGML,AddisandEastareconcernedthatthesignificantstakeinGMLacquiredby XYZ Limited means that they might end up frozen out of the business they started. For some time, East has been in discussion with another mining industry figure about a highly prospective gold field near GML's mine in the mid-north of Western Australia. East suggests to Addis that GML issue 10 million shares to this person as a means of creating ties with GML that might help it to secure access to the field in the future. Addis and East bring the proposal to the GML board. Mr Xu is furious as he sees it as a ploy to entrench further their control of the company by putting shares in the hands of a person who is likely to support Addis and East in the future. Assume for the purposes of this question that the board ofGML issued 10 million shares in breach of its duty to exercise the share issue power for a proper purpose. What action, if any, can ASIC take against the directors who voted in favour of the share issue