Mr. Dudley was a non-executive director of a public company. He was not paid for his role and he faithfully attended all board meetings. Mr. Dudley, along with other board members. Read the company financial reports and endorsed them as correct and fair and true. It has come to light that the financial reports were not correct, but were, in fact quite false, and that the board had been misled by the CEO, who has now disappeared. The banks, which have lent a lot of money to the company, are now considering taking action against the board and Mr. Dudley. What is Mr. Dudley's possible liability? Research the case of Commonwealth Bank of Australia v Friedrich (1991) ACLC 946 and consider Mr. Dudley's liability in light of it