Alex, Mary and Jacob establish a company in which they each take sha another job as an accountant and so he contributes most of the m company and receives 60% of the shares in the company. Alexis accountancy practice and so he chooses not to become a director Problem Question money to th quite busy with hic of the company takes a 20% Mary and Jacob plan to run the business themselves and each t shareholding and also act as officially appointed directors. However Jaco to submit a written acceptance of his role as a director. During the first company runs very well with Mary acting as CEO and Jacob as compa However, given that Alex owns a majority of the shares in the com consulted about any significant decisions by Mary and Jacob. If Alex di with the course of action proposed by Mary and Jacob, then normally they will compromise to suit Alex. One day while Alex is inspecting the company's accounts (which he regularly does) he notices some accounting anomalies which suggest that Mary has been misappropriating funds from the company. Furthermore, Alex er, Jacob forgets year the ary pany, he is sagr ees believes that the company has been insolvent for some time. (a) Does Alex fit within the definition of an officer under the Corporations A b) Can Jacob avoid liability as a director by arguing that he was not officially appointed (due to the fact that he did not accept his position in writingl)