QUESTION 1 Mandy is a very successful social influencer and was recently approached by her friend Stacey who is an Executive Director of The Genuine Advertising Company. Stacey has invited Mandy to become a NonExecutive Director of the Board of Directors of the Company. Stacey informs Mandy that the role is not a very serious one, and consequently Mandy should not worry about the daily business of the Company. Stacey explains to Mandy that she would like her to be a member of the board due to her profile as a social influencer, rather than because of her corporate experience or commercial acumen. Stacey also informs Mandy that her role as a NonExecutive Director on the board is to \"rubber stamp\" the decisions reached by the Executive Directors. In light of the part time nature of her role in the company, Stacey confirms to Mandy that she would have no personal liability in the event that the company is unable to meet its debts. Mandy has no business experience and is not familiar with the legal responsibilities of a Non Executive Director. She seeks your advice. YOU ARE REQUIRED to advise Mandy if Stacey's characterisation of the role of a Non Executive Director is reliable. Include in your answer reference to the duties of directors under sections 131,133, 135, and 136 of the Companies Act 1993 and whether there are any statutory defences available to directors for breaches of any of these duties. TOTAL: 20 MARKS