Shoe-Laces Ltd is struggling financially. Sheldon and Ashley are two directors of Shoe-Laces Ltd. They have had several emergency meetings regarding the current financial situation of the company. Last week, Sheldon announced that he is tackling some health issues and has decided to take a leave of absence to attend a health retreat. In his absence, Ashley decides it would be a good idea to bring in a restructuring specialist and goes ahead with this. She also decides that the company needs to try and expand into other kinds of footwear. Ashley orders supplies for this, but the company is unable to pay for them. Finally, Ashley decides that further advertising is a good idea and hires a marketing expert. The company is not able to pay for the expert. Mark is the CFO of Shoe-Laces Ltd. He oversees managing the company's day to day financial affairs. Although he saw that the financial outlook of the company did not look good, he has been distracted by his pet poodle, Brittlesnap, who has just given birth to eight puppies, and hasn't really been attending work or paying too much attention to the company's financial position. Sheldon, who was away, insists he knew little about the company's financial troubles and never read the financial report. Please advise on the potential liability of Sheldon, Ashley and Mark if the company cannot pay its debts.