Lily and Max are both directors of a small family owned private company called Noble Co. Ltd. ("Noble") running an online sale platform. Lily is worried about some practices lately within Noble. She explains to you the following: Max has been preoccupied with setting up another family owned company ("the new company") which has no connection with Noble. The new company also runs an online sale platform. He has missed meetings of Noble and his attention to the day to day running of Noble is slipping. Lily has found that 3 of Noble's largest creditors have not been paid in months. Advise Lily as to whether Max has breached any directors' duties. Please use legislation and common law to justify your answers. (40 marks)