Ms. Amanda, Ms. Betty and Mr. Curtis (the "Directors") are directors of Hong Kong company called White Tea Cup Ltd. (the "Company") which produces and sells white tea cups in Hong Kong and the rest of Greater China. The Directors do not seem to have been taking proper care of some administrative matters. In particular, Ms. Amanda, Ms. Betty and Mr. Curtis are required to prepare financial statements and a directors' report to be laid before the shareholders and voted upon at the next AGM. Ms. Amanda, Ms. Betty and Mr. Curtis want to sign off from work and go on Chinese New Year holiday. So the Directors who do not understand complex accounting standards, asked Douglas, the accounts manager, to prepare, review and confirm that the financial statements of the Company were accurate, to which Douglas said "they are fine" even though the Directors heard from Douglas's accounting assistant that the financial statements contained some inaccuracies. The Directors also deliberately omitted to tell Douglas that one of the Company's largest customers is experiencing financial difficulty and would be unable to pay the amounts it owes the Company, because the Directors were worried that this would "make the accounts look bad". Upon receipt of Douglas's confirmation, the Directors wrote a few points to be included in the directors' report on a paper napkin at lunch, and then passed the napkin to an intern to write up the report, telling her that she could "sign it on our behalf". Please discuss the directors' liabilities and give reasons for your answer. (15 marks)