Alan, the purchasing officer of an electrical goods manufacturer, is authorized to buy materials for the company at prices which must not exceed those laid down by the directors. Alan agrees to buy copper wire form Xaviour at a price which is higher than the prescribed maximum price. Alan also enters into a second agreement to buy switches from Yorum in return for which Yorum promises to pay a commission to Alan which Alan is not authorized to accept. The details of these two transactions are now known to the company.What action may the company take?