Business and Company Law Question 4 (5 marks) Buse, a director of a large company has been discovered to have used knowledge of a forthcoming takeover by his company in some smaller companies. Buse buys shares secretly, without disclosure, through a trust account. The transactions are clearly a breach of Buse's director's duties. Required: What might be the reaction of ASIC upon discovering this wrongful behaviour? Discuss. B I E