3. Leanne Park has concerns regarding the unlimited liability status of a sole trader and she is considering setting up a proprietary limited company. She has read about shareholders enjoy limited liability and finds this attractive. Leanne will be the only shareholder and director of the company. Required: Discuss are there any circumstances in which Leanne Park, as a director, could be personally liable for any debts of the company? (Note: In your answer, cite all relevant legislation, if any.) (450 to 700 words, 15 marks) Page 4 of 5 4. Leanne's uncle, John Park, is a senior accountant at Big Pharma Ltd, a very large public pharmaceutical company in Australia. John has become aware that the management of Big Pharma Ltd has been manipulating test data form their trails of a new drug called Model X. As a result of the manipulation, the company is falsely reporting a significantly higher success rate for patients who use the drug. John is not sure what to do with the information he has. He is convinced patients are at risk, but also he does not want to lose his job. Required: Discuss John Park's ethical position and/or obligations. Your research should be drawn from the prescribed textbook, articles, and any relevant ethical frameworks or theories. (450 to 700 words, 15 marks) Total of 100 marks will be scaled to a mark of 20%.