Mr. Andy Lee Mr. Lee is a single Syearold public servant who wishes to invest his savings of $1DG,DUD by building up a 'bluechip' share portfolio in relatively safe, well lt_nown_ and respected companies. Mr. Lee was a keen observer of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry in 2G1!) and has strong views about corporate ethics and the remuneration of directors. Mr Lee wants to exercise his vote as a shareholder to ensure that company directors are not being overpaid. He is also keen to ensure there is proper corporate governance and the directors are managing the company efcieny and ethically. Mr Lee is unsure whether he should buy shares in a public company or a proprietary company. He is also unclear about what class of share or shares would best suit his particular investment interests. 1. Should Mr. Lee purchase shares in a public company or a proprietary company? Explain why, using your own words. 2. What class, or classes of shares do you think would be most suitable for our client Mr. Lee? Explain why, using your own words. Please support your answers to both questions with relevant sections of the Corporations Act EDD? andt'or case law