The director in question negotiated option agreements. These are agreements between prospective purchasers and landowners. They give prospective purchasers an "option" to purchase the development land at a specified price, within a specified time, and subject to certain conditions (such as obtaining planning permission) In 2009, after obtaining planning permission for some land, the director negotiated a verbal option agreement to purchase a parcel of land. The landowner personally knew the director. The director informed the other directors and shareholders of the deal. who expressed an interest. Between 2009 and 20%, the director incurred expenses, on behalf of the company, in seeking planning permission. In late 2014, it transpired that the planning permission had been granted. Upon the company checking the council's planning register. The register showed the director's name as the applicant, as opposed to the company itself. Thus, the director would purchase the parcel of land in his sole name. This was despite the disclosure to the company and the use of company funds to obtain planning permission. Advise the relevant course of action against the director. Who should be taking action against the Director